Last night the Crypto community witnessed another fork for bitcoin, the last being bitcoin cash just a few months ago. For those that don’t know, basically if you owned your own private keys for bitcoin you hold, then last night you were granted your right to bitcoin gold at a 1-1 ratio of your bitcoin holdings. That could also be a reason for the recent all time highs this past week for bitcoin as everyone wanted to hold bitcoin during the fork. Once the fork happened last night we saw massive sell off in bitcoin and money flow back into alts from early last night into this morning. Alts appear to be going back down after a small bounce . The next few weeks we should see some volatility in the market as everyone gets ready for another fork mid November. We might see a small bounce short term on alts but should see them correct more as once again people will be trading their alts to hold bitcoin during the next fork. I think now is a great time to be researching projects on upcoming releases or announcements because there should be some opportunities to buy in the coming weeks. Until the fork I believe Bitcoin will find some support around the $5000 level maybe just above it and begin next leg up for the fork. All of these statements are my personal opinion and not investment advice and bring to light some things that are happening in Crypto for those that are not too involved yet. Any feedback is appreciated
