Putting it all in ETH doesn't make sense and holding a ton of BTC on August 1 could potentially be a bad idea (depending on who you ask).
Unfortunately I feel like a drop in Bitcoin's price would hurt all cryptocurrencies, so I'm just HODLing my BTC and hoping it skyrockets instead of dropping...
My guess is that BTC will drop (perhaps a lot) while all the forkings play out, at first. All the confusion means "uncertainty" and markets HATE uncertainty.
Then once whatever "clear winner" emerges (may take a while) we will see a huge spike UP, perhaps even one of those long-overdue 10X runs that HoneyBadger's been famous for in the past (a penny to a dime, dime to a dollar, dollar to $10, $10 to $100...)
We've just barely left that long-time, extended "$100 to $1000" era here now at "only" $2500 which is "only" approximately a measly doubling... once the long-overdue "Scaling Debate" ANSWER is *finally* decided, one way or the other, SegWit or LargeBlocks or what-the-fuck-EVER... maybe THEN we can *finally* see the next era of $1000 to $10,000 *finally* kick in!!!
Or maybe the forkings will just destroy bitcoin entirely.
So $10,000+ MOON or $0 FAIL binary outcome?
Same as it ever was...
Polo has a sizable sell wall at that amount. I noticed it around six weeks ago...anyone know how long it's been there?
It has been there since #fluffygate.
As strange as it sounds, this wall I believe is part of a larger conspiracy, for the exact same walls have been placed in litecoin just sitting there for weeks/months. I believe the purpose of them is to try and trick people into believing coins such as LTC + Monero can't rise and to try and force speculators into the Eth market to buy horrificaly overpriced Ethereum from the R3 banking consortium/Digital Currency group/other large fucktard organizations.
Interesting thought, my tinfiol hat is always tingling.