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RE: Steem price falling? - Bitcoin exploding!
Most of the alts are in limbo now due to Bitcoin Cash and the impending 2X fork in November. I have been in cryptos for several years now and I have never seen so much uncertainty and fear in the space.
The Bitcoin scaling war has put a damper on the whole market - well, maybe except for DASH, which rallied above $300 today.
2x fork?
That is the 2mb block upgrade from the NYA agreement. The NYA agreement is what allowed SegWit to lock-in and activate on the main Bitcoin chain; miners agreed to support SegWit if the block limit was raised to 2mb.
The 2mb upgrade is scheduled for November, but some extremists within the community are now trying to sabotage the 2mb upgrade and this is causing a lot of uncertainty in the markets.