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RE: Bitcoin is officially in Bear Market Territory - What to watch for next, and Predictions! Can Bitcoin Make New HIgh?
so you are saying its a buying opportunity? I agree but no traders likes uncertainty!
It could be. But you should follow the latest developments with SegWit2x. Beta is gonna be out in a few days and Bitcoin Core developers still don't support it. As soon as there is some kind of a signal that SegWit is a GO! The price is gonna rocket instantly. But there might be even deeper dip before it happens.
I agree but there is also the downside risk if we dont' get consensus than the possibility of split increases greatly
Chance of a chain-split is less than 1%. Wouldn't really call it a risk in this market. The only possible fork could be in a 6 months with 2MB blocks. But since we don't need them right now, I doubt that it is going to happen that soon.