Yeah Big question right there
For those who thing bitcoin will go to 500 000$ right away as Mr McAfee and other unknowns, well, there is a physic notion that everything that goes up, must go down. And bit coin will go down pretty fast.
If you're investing long term, that's fine, don't even look at it, wait till 2020 and check it out, you may have a smile in your face. But if you keep track of the progress you may end up being caught by greed already and pretty soon, fear will come and hit you as everything is falling apart.
Cause it will definitely fall appart for a while for correction before it settle itself back on track for new all time high!!!
And it is something that no one can denies
With the last allegation about tether and the bubble being so close to exploding.... what if everyone withdraws bitcoin to tether and tether collapse just a few hours later??? It would be just the perfect scandals that crypto would need to create the fear has equal as the greed it create during the last couple of weeks.
So where to withdraw Bitcoin and all the alt coin that are so over evaluate???
As every coin was going to rocket high, Bitcoin cash was keeping strong around the 1500$, Litecoin took a while to take off, Ethereum follow Bitcoin with just a few days of laid back... If fear Hit the market, A lot will go to tether, the well aware will turn to bitcoin cash and lite coin.
And why will they turn themselves to LTC and BCH?
The thing is, the only currency that is the closest to being used for day to day payment are BCH and Ltc, they are low fees, low power consuming for mining, honest reward for mining and fastest transaction transfer.
I'm no prophet, but in a non legislate market, everything can happen... And I feel we are close for a great scandal to fear the chicken enough so the wolf can settle themselves in a comfortable position in crypto.
Be careful
And just saying, if you're starting in the world of trading crypto... Educate yourself and study a method for trading, otherwise it is just a gambling. Get a course, invest in knowledge before putting any money in.
Some I refer
https://learncrypto.io
https://www.getcryptonews.com
https://www.youtube.com/channel/UCDxK2PwEDvoaHZgjPV_WgcA
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