Morning!
Hello, dear STEEMers and crypto-sapiens!
The last few days I've had my eyes glued to the monitor watching cryptocurrency trends and news, all of it in anticipation of the hard fork coming up tomorrow.
What I think is happening
During the last few days I've seen downward trends in almost all cryptocurrencies (those that matter at the moment). BITCOIN has rose to the 2700$ dollar mark and even surpassed 2800$ mark a few times in the last week. The reason why I think BITCOIN had rose since the last week while most of the rest have went downwards is that people realized that having BITCOIN during the coming day might double their "treasure" when the fork happens. So, most of the crypto-sapiens sold their altcoins to get BITCOIN, thus lowering prices for those altcoins and increasing the price of BITCOIN.
What comes next
People, or most of them, that have bought BITCOIN by selling the altcoins, will not keep the BITCOINS after the fork. Because most of them wanted to gain both coins from the fork in order to, supposedly ,double their "treasure" they will sell the coins after the fork and reinvest in the altcoins that they trust. When this happens the altcoin prices will raise and BITCOIN price will lower. And of course because of the recent sale of altcoins they will reinvest at a great price giving them a great opportunity to make even more money. What should we, those of us that have not invested in BITCOIN due to different reasons, do at this moment?? BUY ALTCOINS! Buy right now! When people will sell BITCOIN and buy altcoins the prices of altcoins will rise giving you the opportunity to sell those altcoins, for a small profit, and buy BITCOIN at a lower price. After that hold the BITCOIN and wait for the opportunity to buy back into altcoins.
This is what I forecast for the next week. What you do is entirely your choice and responsibility. Read, understand, decide and don't look back.
Best regards,
Your fellow STEEMer,
Valentin