A few days ago the exchanges enabled customers withdrawing or transfering BTC because there was no guarantee to not have your funds partially or even totally lost because a glitch that could happen during the hardfork.
The Bitcoin Situation
Since the 26th of July the price of Bitcoin was increasing constantly to shortly trade over 2900$. It was pushed up mainly because of people buying in the BITCOIN CASH because if you hold BTC at the time of the fork some platform and exchanges will give you the same amount of BITCOIN CASH for it. That leads to more and more short term speculaters to buy Bitcoin to later sell off BITCOIN CASH for profits just like it happened with many hardforks before. You had the Ethereum/Ethereum Classic Fork, the Zcash/Zclassic Fork and earlier this year people speculated on the Zcalssic/Zencash Fork. The latter drove the price of Zclassic up from cents in March 2017 to over 8 $ at the time of the fork(18th of May 2017). Also Zencash on the other hand is since its introduction on a downtrend to find some grounds to recover one day. Same is happening up to the BTC HARDFORK and will continue the way every HARDFORK turned out. The coming days one will see a sell-off in BITCOIN CASH as people want to exit with as much profits as possible. Zclassic for example now trades just short above the 1$ mark which means it is just around the before the fork times. With BITCOIN CASH one could expect nothing new. Now the day of the hardfork BITCOIN is has now returned to 2696$ in price. As of most Cryptospace share the opinion of Bitcoin breaking previous highs now it will be a thing for the future to tell. Imagining it shooting through the roof and reaching 3500$ and more is a tempting scenario seeing the entire cryptospace comfortable and stronger than ever but who knows.
Ethereum found itself resistance at the 200$ mark. As the HARDFORK came closer Ethereum trades above that level at 220$. Establishing stable grounds around that area could give a hint of what seems possible for this month. Ethereum could next to everything that is happening around BITCOIN/BITCOIN CASH seek for higher highs.
By the time the FORK is through the market will acknowledge it with a general uptrend taking most of ALTCOINS along with Bitcoin and Bitcoin Cash For my part, as I just have like 50$ equivalent of BTC on an exchange, I will hold on to my BITCOIN CASH till no one will even remember it once meant so much having the whole market in a headlock for a complete month.
As a cryptoenthusiast I wouldn´t mind you donating whatever amount the informations seem worth to you. Here are my addresses :
♥ ETH: 0x3483889ce1b7e2f8c01313cf9464064b93163ec0
♥ BTC: 1Dcui9ULMxUpMfGTTQU8Gb2WfPn9orjFtS
♥ LTC: LNkfL4x8fkR9BaHBsNzRmTnheLzMTEhGY
♥ Dash: Xe9zHUQgxBR4Fsnj78oSGiFs53LDYBbbNo
♥ ETC: 0xce15aa840c952b1ae55446591372266a0f6e5e7a
♥ ZEC: t1QMLpmauWd88acksp5JYwRtg9VPQMpScfD
♥ DGE: D9XeQjwtwVxG8E4pPGvixMqF9EzUzvWDHB
image source: https://payniex.com/bitcoin-%E0%B8%AB%E0%B8%A3%E0%B8%B7%E0%B8%AD-%E0%B8%9A%E0%B8%B4%E0%B8%97%E0%B8%84%E0%B8%AD%E0%B8%A2%E0%B8%99%E0%B9%8C-%E0%B8%84%E0%B8%B7%E0%B8%AD/
