My thoughts on Bitcoin Cash, Segwit 2x and Legacy.
Pretty sure there will be another crash for Segwit 2x the way there was one for Cash when it came out. I don't know if we are out of the woods yet with crashes, we've had several these last few weeks but if the 2x crash is anything like the BCH crash then a couple of weeks before the actual fork we should see some more serious downtrends.
Bitcoin Cash right now is struggling to keep afloat and I wonder if it has anything to do with problems with EDA and the inflation it creates, this is something that can be corrected with a hard fork so let's see what happens.
2X was supposed to be the compromise that was thought to please everyone but from what I can see very few people want it... but still all indications are that it is still going to happen in early November.
What are your thoughts on BCH, 2x and Segwit?
I do agree that Bitcoin cash is suffering from both the inflation from the EDA as well as the uncertainty from the upcoming hard fork. In order to decrease the effect of the EDA on inflation the price would have to rise through market mechanisms which would be primarily driven by user adoption which is not happening as quickly as some would have hoped mainly because of lack of supporting infrastructure such as exchanges, wallets and merchants.
I am not yet sure how the segwit2x drama will play out. We might see a rise in the price of bitcoin leading up to the fork due to the expectation from users that holding BTC will have the benefit of gaining them BTC2X when the fork happens.