Jonty Van Id
Jul 25, 2017 · 2 min read

Great article, speculation and all but sums up the real world situation in the most unbiased way I have seen to date.

One question I have yet to completely be comfortable with is that of the price fluctuation caused as a result of a pending fork.

Heres how my very naive perception of it goes so let me know if you think I am completely missing the boat:

5 days out — savvy investors are selling huge trying to get out of the market before any price drop occurs, big powerful manipulators are making small buys to temporarily push the price up small so they can take a massive dump and get rid of coins.

4 days out — the aroma from the big dumps is starting to waft over to the smaller but still savvy traders and they are sensing the price is over valued and they are starting to sell, they sense a drop is looming.

3 days out- price is dropping and panic selling drives the price down further and hose who can’t afford to wait it out aim to cut their losses in case the miners pull a bait and switch.

2 days out- all hell breaks loose, a lot of buys are happening but a lot of coins are heading out to cold storage and the exchanges are losing liquidity faster then granny Irma’s family jewels, the balance is a steep mineshaft drop.

1 day out- exchanges close their deposit and withdraw gates, the exchanges lock and the order books look like a Mexican standoff with a last few survivors stuck in the life raft with nowhere to go.

D-day- all is quiet and the miner birds circle the life raft and the coins start flowing back into the exchanges and the race begins, the user hard cash is pushing against the good ol coin and I’m getting out my popcorn.