Is there a scenario in which bitcoin actually shoots up the market after August 1st?
Is there a scenario in which bitcoin actually shoots up the market after a hard fork?
To my understanding and after researching a fair amount, it seems that the crypto community is stocking up on fiat and hedging against with Dash, Litecoin and Ethereum. The reason appears to be that August 1st will lead to the apex of the bear market, re emerging the bull market.
Speculators are putting in their two cents saying a correction can be anywhere from 30% to 50% to even 80%. All scenarios are likely, some more likely than others. An 80% crash would in my opinion AWAKEN a bull market. Considering that 40% of the world population doesn't have a bank account, I'd say (pulling a number out of my ass) 95% of us in the reddit crypto world have access to a bank account. Third world and second world countries will prove strong and bring Bitcoin and cryptos back stronger than ever.
Though I, personally, am expecting a correction, are there any possible and likely scenarios that could add further intuition into keeping everyone financially on top?
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