Now that bitcoin is hitting all time high's ! And it is predicted to reach $10000 USD as its potential. How do you think the upcoming fork will affect the continuous growth in bitcoin's price ?
We will see a massive slump.
Current demand is only due to hard fork. Over the past weeks billions of capital have been transferred from altcoins to Bitcoins. (
https://coinmarketcap.com/coins/)
Main reasons for slump:
1. Capital will be transferred back to altcoin markets after fork (happened after every fork)
2. Investors cash out profits
3. No short-term demand, as rate reached all-time high and there are no forks or other big events in the near future
That is the same with most of the information I read. After the fork, bitcoin would experience a value decrease; however, there is conflicting opinion with how long it will last. Some say, based on previous trends that it would only last for a couple of months, some, on the other hand, say that it would last longer than expected. They also propose to see a great increase in value of altcoins.