Great explanation. As someone wanting to buy Bitcoin now, any thoughts on whether it might drop significantly after the fork and is worth waiting?
100% it will drop after the fork, but the value will be amortized over BT1 and BT2.
If you own 1 BT on Nov 16, you get 2 coins on the 17th.
BT1 and BT2.
I predict BT2 will be 1150-1300, get a pump to 1500, then a dump to 800 in a week.
Based on the Fibonacci charts, we should see a price correction to 6700 upcoming, but I see BT hitting 8k before the fork, so if you can, just buy it now and HOLD it