Hey Guys, If like me after having made the leap into digital currencies you are probably are starting to research the market more and are sure to be seeing some strange and at times worrying things happening all over the place !
With all of these things happening at an insane rate naturally leave us with a lot of questions, so i would like us to discuss some of the things that are creating ripples in the markets right now.
i'm going to keep this brief, as there are loads of articles explaining whats happening far better than i entrust myself to explain.
In a nutshell though Bitcoin has a decision it will need to make in order to address the current scaling issue, and the need to increase transaction speeds, and so on august the 1st something called BIP-148 will happen. But what will happen to the price ???
And this is what i want to discuss, personally i think that SegWiT will be activated and the price will continue its upward trend in the longer term, but leading up to that i believe we will see huge amounts wiped off the market value of bitcoin and associated alt coins, but in turn i think other coins like Litecoin and others will see a surge in price as people rush to get there money into more stable coins and wait our the bitcoin storm.
So for me personally i will be looking to cash in on this opportunity by having fiat avaliable to buy up some Bitcoin if this crash happens and will over the next few weeks be buying up some more litecoin with a view to hold whilst the BIP-148 plays out and and the price rises, and will probably be looking to short some of them once Bitcoin regains traction.
Let me know what your strategy is or whether you think i'm fucking crazy and something entirely different will likely happen !
