Quote from: steveabrahams on November 07, 2017, 12:16:30 PM

Quote from: johnwing on November 05, 2017, 10:36:11 PM

Why is bitcoin going 3% up each day?

Obviously because of segwit2x, many people are buying and holding their bitcoins for the upcoming fork on this november. That's why the price of bitcoin is increasing so high around $7,100+ right now. I think the price will start fall when the fork is done, i predict it will hit back to $5,000-6,000.

Yes a dump will probably happen.
Even if the fork would get cancelled the last minute we would see a bigger correction imo.
$5000 seems realistic, maybe a bit lower, depending on how dirty and messy the fork will be combined with widespreaded FUD and lies.
Will be a huge opportunity to buy more BTC!
The question I always ask myself at the moment is, if we will see another quick rise like the last few times or if we entering a short term bear phase or at least some consolidation on a lower level like ~5k for a few months maybe. I mean we had crazy year and the big guys wanna get in, of course for a relatively cheap price. Keeping the price down by those guys and testing the patience of the noobs who entered the space just a few months will be pretty interesting to watch. Who really believes in Bitcoin and shows strong hands??!!!!