In my opinion, going "all-in" or "all-out" at this very moment is dangerous (only exception: if you are totally satisfied with your profits until now).
The scaling debate still dictates the price movements. In every single moment the following two things could happen:
- some pool jumps to BU and gets it near or over 50%, making hard fork a real risk -> very bearish (target: ~700)
- some pool jumps to Segwit and gets it near or over 50% -> bullish / sideways (~1200-1350, but perhaps not strong enough for a new ATH)
- UASF gets traction and Segwit approval is very likely -> very bullish (new ATH, target ~2000)
- a compromise solution (EB, Segwit2MB) gets Core and majority miner approval -> also very bullish
That's why I wouldn't take sides still. And I disagree with AnonyMint: I think no side has "won" until now.
The scaling debate still dictates the price movements. In every single moment the following two things could happen:
- some pool jumps to BU and gets it near or over 50%, making hard fork a real risk -> very bearish (target: ~700)
- some pool jumps to Segwit and gets it near or over 50% -> bullish / sideways (~1200-1350, but perhaps not strong enough for a new ATH)
- UASF gets traction and Segwit approval is very likely -> very bullish (new ATH, target ~2000)
- a compromise solution (EB, Segwit2MB) gets Core and majority miner approval -> also very bullish
That's why I wouldn't take sides still. And I disagree with AnonyMint: I think no side has "won" until now.
None of those are possibilities. 0% chance.
I think no side has "won" until now.
And no side will ever win.
Reading the following threads (not just the linked post) will help you understand:
https://bitcointalksearch.org/topic/m.18526721
https://bitcointalksearch.org/topic/m.18571238
https://bitcointalksearch.org/topic/m.18579825
https://bitcointalksearch.org/topic/m.18570031
The above link to all my points on the Scalepocalypse.
Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and (at least near-term) also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT (dollar peg) temporarily until this dip has concluded
I posted about this the other day. Wondering what people's opinions are on the value of cryptocurrency during geopolitical issues (ie war, financial markets crash etc). It is an interesting subject... it seems you're of the opinion crypto will crash heavily. That is one possibility, but it also could potentially be unaffected due to the decentralized nature and perhaps even grow as people look for alternatives to store their money in times of crisis? Just a thought... I'm a glass half full kind of guy :-)
Either way, it's a good topic for people to get involved with as an overall market drop would be a bummer for everyone!
Crypto is not long-term affected by geopolitical noise.
The crypto market is undergoing a painful Scalepocalypse metamorphosis as n00bs come to understand their idol Satoshi was an evil motherfucking genius.
So this cognitive dissonance is causing them to rail against Bitcoin (USAF nonsense, etc), and so they will be served up some event which steals their tokens to silence them so Bitcoin can move forward without the deadweight.
