I must admit that I only started investng in Bitcoin at around the $3000 price, but I saw it soar to nearly $8k in anticipation of the Seg2 split....which is now void...and the price is instantly plummeting as Bitcoin Cash is soaring? WTF! I've lost $2k in Btc in 48 hours? Is BTC going to continue spiralling downward and for how long? What is the bottom going to be? Am I supposed to just transfer everything to Bitcoin Cash?
Advice for a noob? Thanks kindy!
EDIT: OR DOES ANY OF THIS HAVE TO DO WITH TOMORROW'S BITCOIN GOLD FORK?
this is more a power play/market manipulation from the BCh camp. im not mad at it, survival of the fittest. if we are truly going to be democratic about this, then the will of the consensus rules. its a bit too late to be butthurt because we allowed the consensus to be subverted; its time to take it back by out scaling with mining capacity.
anywho, sit this out unless you are willing to take the hit for the sake of liquidity, and lower your opportunity cost. notice how bitcoin cash isnt soaring anymore, with that being said dont be surprised if it takes off again, this isnt over yet.