As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
Yeah, i think the sudden overwhelming demand of bitcoin occured due to upcoming possiblity of bitcoin gold fork.
People are engaged in pursuit of more and more btc, hence traders predict its position will be at peak.
I am in hope of its continueous increase after fork so that we can take sufficient profits from it.
Exactly, after the fork will the price of btc still increase? Maybe yes, but how much and until when? If the price after the fork plummets or become stagnant will we expect another fork by the next month? Will it be a trend so people will hoard as much bitcoin as possible.