Just a quick update: Probable everyone has heard the news about the upcoming "bitcoin fork" where the bitcoin is gonna be splitted into the original Bitcoin (with the SegWit implemented) and into so called "Bitcoin Cash" that promised to solve the scaling problem by increasing the blocksize to 8MB. That's the reason why so many investors are freaking out about the Bitcoin price - stupid investors are selling and clever people holding while biting their fingernails...
Just chill guys!
The fact is - Bitcoin Cash fork has a very tiny support - few pools and exchanges (mainly Bitmain's antpool and ViaBTC exchange). That means it definitelly won't have such an impact on Bitcoin overall. It is no thread for Bitcoin, but yes - some price fluctuations are gonna occur after August the 1st, but they will be corrected soon (as they always are) and you will have another opportunity to buy!
In my opinion the most realistic scenario with Bitcoin Cash is following:
1. Bitcoin fork happens
2. People get free Bitcoin Ca$h
3. People dump that free Bitcoin Ca$h ASAP
4. (clever) people buy back after the major price dip
5. Few price corrections occur
6. Fin. Nobody cares about Bitcoin Ca$h afterwards (and yeah the original Bitcoin - to the moon of course...)
Look at it from another angle!
Those of you who store bunch of bitcoins on their account can be happy - you are going to recieve the same amount in Bitcoin Cash absolutely for free. But beware - it's going to be real pump and dump after August the 1st so try to be one of the first ones that are going to exchange BTC Cash for normal BTC - you gonna get some sweet $$$ for free :D
There is no bad times in cryptocurrency, but there are always opportunities that you can use for your advantage - maybe Bitcoin Ca$h (a.k.a Chinacoin lol) is just one of them. You decide!
That's it for today's update - stay calm and trade on guys!