Hello I wanted to share some thoughts that really have been on my mind for weeks now since I know about the upcoming fork. So imagine you are sitting on a lot of bitcoins right now and they might be worth a lot less with the upcoming fork and the confusion coming with it. Would you sell most of them or hodl? So if people who are holding a lot of btc selling we all know the price goes down and usually gets bought back up. But! In the last weeks before the fork where is the point of buying something that expensive when big changes coming up and it's kind of not clear what will happen. So Imagine the big guys selling to save some of they're wealth I would say. So the price crashes and news about the fork spreading. Might be a situation where you have a lot of sellers but no buyers right? Then you will have those bitcoin crashed news which we had plenty of times in the past again but at the same time people can say bitcoin crashed and maybe will split. My question is how could that not only affect the btc price but also the altcoins prices and the trust in crypto itself when the biggest of them seems to be " in trouble" and a lot of people might lose money?And what I'm also thinking about is could some companies even delist btc as payment option until it's clear what will happen and how will that affect the image of btc? Let me know what you're thinking about that.
Panic sell can happen every moment triggered by some bad news or caused by some whales dump big ammount of coins on market.Hard fork and all what is related to it can certainly cause panic sell,people want to make profit with
BTC,and if they see some sign that value of their coins can go down because of hard fork they will sell.Hard fork and split of blockchain,two version of
BTC can certainly cause a real mess and panic sell.
Just a few days ago we could witness how bitcoin lost about 1000$ on value in very short time.In case of hard fork we would see a much greater loss of value.
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