Hello Guys , i am planning to invest in Bitcoin but after doing some research i found that some experts are suggesting that we can see more fluctuation in the month of November as Bitcoin can have another hardfork somewhere around in Novemeber when Block 494,784 gets mined. Segwit2x Team plans to enable the Bitcoin's miners to run new software at block 494,784 and if its enacted it can create another hardofork for Bitcoin. So what does this means for us investors , worst fluctuation that we saw in the month of July or the prices will only fall to the current level ?
Let me know your thoughts.
EDIT: Guys i guess there is some confusion here about my question. I am not questioning the Long Term Value of Bitcoin. My Question here is that how much price can dip this time before it rockets again. Thanks
Let me know your thoughts.
EDIT: Guys i guess there is some confusion here about my question. I am not questioning the Long Term Value of Bitcoin. My Question here is that how much price can dip this time before it rockets again. Thanks
This event is not that warm enough right now, so you could still buy and make some profits before it comes. Two months is still a long run for us and you could really play with the price within this month and October. so taking chances right now is not a bad idea and don't wait for the November fork to passed by. You are skipping 2 months of profits and excitement and this is not good for your health.
. Kidding asside, with the events right now many players are surfing with this wave and you'll never wanna see yourself just watching it. Next, if you can really wait, wait until the November FUD, that might make all the weak hands free their coins so the price will absolutely dip ( maybe not below 4k assuming that we had really surpassed the fud created by bans at present. Note that don't wait for the lowest lower dip after the fork, you might miss chances. Like those people after the most recent fork happend this mid year.