@Haejin another great video:)
Some thoughts on what could potentially cause BTC to correct to the 2,000 range could be the upcoming hard fork on Nov 1st. Back in July of this year, 2 weeks prior to the August 1st hard fork, BTC corrected from roughly 3,000 to 1,800. As I recall the sentiment at that time was overall doubt as to how the fork was going to affect the system. I will be curious to see how this upcoming fork is received by the community and if history repeats itself with another price correction roughly 2 weeks prior to.
Thank you as always for your time and insight!
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The BITCOIN CASH fork did NOT result in the mass havoc the fear mongers projected. Many had sold their Bitcoins in fear of the unknown and MISSED OUT on the Bitcoin Cash (BCH) free money payouts! This burnt them badly. Many blindly followed jsnip4 and other youtuber personalities and sold their Bitcoins....ouch!
The same persons will be determined to NOT miss out on the next free money from Bitcoin Gold.
More importantly, these forked coins will NOT unseat Bitcoin because Bitcoin's network effect is just too MASSIVE.
This is why I'll be BUYING bitcoin to get more FREE money! And the MASS Havoc won't come to fruition. IMHO.
@Haejin, this makes sense and I will be planning on buying in when others are selling out:) Thank you again for your insight.