Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?
What do you guys think?
I dont think so.
The price is high compared to the average price is bitcoin history, sure, but really the price has been slowly rising instead of going up by $500 a day like what happened back in 2013 as the person above me has stated.
The problem with the 2013 pump was that the price went up too high too fast, and this time its different.
If you want security, simply sell your coins and wait for this hard fork thing to settle. But that way you are probably going to miss out on potential profit generated through this time period.