With the SegWit2x hard fork drawing near, the price of Bitcoin is cooling off. After reaching a new all time high above $7,500 the price slid to below $7,000, and at the time of writing it is hovering just above the 7k mark.
Just prior to this price dip, suggestions were surfacing that Bitcoin was about to surge to $8,000. Will it make one more push for that target prior to the hard fork? This remains to be seen. With so much uncertainty and confusion over what exactly will happen with SegWit2x, the market is even more difficult to predict than usual.
Regular commentators in the Bitcoin space vary in their pricing opinions from up to $20,000 by year's end, to, it's reached a top for the year and may fall to $5,000 after the fork. Who's right, if anyone, will unfold in the coming months. The one thing that's certain, is that it's very risky to leave your Bitcoin on an exchange during Segwit2x. Read, Don't Lose Your Bitcoin During the SegWit2x Hard Fork: Secure it Now for more details.
Once your Bitcoin is secure, it's important to take a long term view of its value. When there are wild price fluctuations and uncertainty in the market, it's easy to make rash decisions. The tale of Bitcoin's history, so far, is that those who haven't panicked or made impulsive decisions during turbulent times have come out on top. Be one of them.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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