If you are right about lacking backup, the people who bought the Bitcoin rally just to get the Gold are in for a nasty surprise...I belive that Bitcoin will nosedive...for a short period of time, after the fork, because all the "gold diggers" are leaving...
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I kinda agree with you on this one. I think people just want to free crypto and they will mostly dump it right after (but in greater numbers!) then they did with Bitcoin Cash.
What is your plan for this fork?
My very short term target for bitcoin is 5450, looks like a reachable target... I am not keeping any bitcoins during the fork...I have a bad feeling about this one... Then again, I have some reasonable profits right now.. But I can assure you, that I am back in once the dust has settled after the fork... Mainstream adoption has only just begun...this is just a minor hick-up on the way.... but I am securing profits...and I will be ready on the sidelines!
Yeah it will be a good time to take some profits, but I am lazy so I will just hodl! hahaha
Absolutely nothing wrong about that... I usually don't trade, I invest long term, but like I said, I have a bad feeling this time...That's the only reason I take profits..bought my first bitcoins in 2015, been adding ever since, never sold anything... but this time...I don't know...If I'm wrong, I'll just buy in again