A HARDFORK can sometimes be thought of like a split in stock terminology... Some people in the Bitcoin community are about to fork another coin called Bitcoin Gold (BTCg). Their claim is that they want to bring mining back to the masses. They allege, if you are HODLing Bitcoin, You will be given Bitcoin Gold for free. Yup, free coins that should have value, albeit unknown at the moment. It's actually quite sketchy right now with little or no information available. None the less, if it happens, rest assured, many will be confused so they will make mistakes. The two coins are not compatible, meaning you can't send Bitcoin to a Bitcoin Gold wallet... if you do, those coins get lost --> in both directions.

This has happened before with Bitcoin Cash.

To make things more confusing, anther type of HARDFORK is about to happen for a second time with Bitcoin itself, this time it's called SegWit2x. This type of fork does not turn into another coin, however they manifest as improvements in the underlying blockchain.

To the point:

You can see from the 4 hour chart... The peak was beginning of 9/17 and there was a huge selloff/recovery/selloff almost immediately. Then, mid September, China announced some bad news and a much larger correction took place, as you would expect. Bitcoin recovered again, though it took longer this time...

To recap, both Bitcoin Gold and SegWitx2 are expected near the end of October. Those who HODL Bitcoin are expecting Bitcoin Gold (rumors say 10:1 - BTCg:BTC) so of course they are running up the price.

Do not buy Bitcoin until after the commotion dies down. There will be another opportunity to buy the dips because all of the people who just ran it up are going to run away, and probably try to buy back in at a lower price...

Many people are about to get burned --- DON'T be one of them!

As always, everything in this article is my opinion and I welcome all comments.