You are viewing a single comment's thread from:

RE: News #1 - The SegWit2x Software Rollout in Bitcoin and a Look at the Market Psychology Around it

in #cryptocurrency7 years ago (edited)

There's also the branding issue: if the blockchain does split than it will probably harm the ability of crypto to become mainstream thereby hindering it's "real" growth and development. Further, the psychology surrounding the price is definitely contrived by rumour and idle speculation and not much else. I believe that the end of the month will see Bitcoin and the rest of the alt market fall because that is the historical trend. The supports you pointed to may break and it will be a good time to buy in in any case. I think fear driving the transition has many investors, who don't understand the tech, nervous and this will create panic selling to tether-based currencies or fiat. I'm holding and I hope to pick up more once the drop levels out the price from the recent surge. All in all this might be a correction rather than a crash.

Sort:  

Thanks for your thoughts mate.

The fact that a split will do such damage means I really can't see it happening. More one of those hollow threats to help with future negotiations on direction.

The strange thing is I want to buy in now more; but seeing the 6 and 12 month charts makes me feel that it's going to go down before the market as a whole slowly rises from the ashes.

Saw this the other day:

segwit-timeline.width-800.jpg

That's handy to have for the day traders. Good find.

(If Steemit makes the image too small, just google images 'segwit timeline' and you can see it bigger.)

Yeah Steemit is weird with images like that :/ You can also right click and view image to bring it to full resolution or ctrl + to increase the overall resolution of the web browser :)

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 62296.59
ETH 2441.07
USDT 1.00
SBD 2.65