Re: Bitcoin prognosis

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Can it fall? I think it can but it is not going to happen without a good reason, not even all the China FUD was enough to make bitcoin drop that low, but I think the coming fork may have the strength to make the price drop that low, so if you have the money take that opportunity and buy cheap bitcoin.

Or it could be possible that this fork ends up having the same consequences as the last fork we went through. We saw Bitcoin go up significantly actually from the introduction of Bitcoin Cash.

That is a possibility but for the previous fork only a minority of the miners got out of bitcoin to mine bitcoin cash, but in this next fork it seems a great deal of the hash rate may go to segwit2x and that could cause a lot of problems to bitcoin since the network will be very slow due to the difficulty not adjusting immediately after the fork.