Topic: [2017-11-17] Bitcoin Hits $8,000 as the Segwit2x Hard-Fork Fails (Read 2953 times)
A week ago, when the Segwit2x was cancelled, I thought it will stablize between $5000-$6000 or maybe below than that because it went $5500 . This is very amazing and we have 1 and half month before this year ends so if btc reached $10k this year so we are looking for $20k or possibly $50-$100k next year.
November 17, 2017, 06:58:26 PM
Not a good article. The author insinuates causalities that are not correct, or are simple correlations:
- The $8000+ peak was reached last night, long before the 2x fork was scheduled - so it's not a consequence of the failed fork.
- The $7900 high on November 12 was reached after and not before the Segwit2x cancellation was known, so it very likely was a direct reaction (optimism because of less uncertainty) to it. The drop to $5500 came later, it was most likely the result of "swing trading" speculation where some whales - most likely big blockers - exchanged BTC to BCH and then converted them back to BTC after the BCH peak.
- The $8000+ peak was reached last night, long before the 2x fork was scheduled - so it's not a consequence of the failed fork.
- The $7900 high on November 12 was reached after and not before the Segwit2x cancellation was known, so it very likely was a direct reaction (optimism because of less uncertainty) to it. The drop to $5500 came later, it was most likely the result of "swing trading" speculation where some whales - most likely big blockers - exchanged BTC to BCH and then converted them back to BTC after the BCH peak.
November 17, 2017, 02:18:07 PM
The consequences of the Segwit2x hard-fork failure are yet to be known. However, once again, Bitcoin has demonstrated its sturdiness and resiliency, as it surges again to new all-time highs.
Continue reading here:
https://bitcoinist.com/bitcoin-hits-8000-as-the-segwit2x-hard-fork-fails/
Continue reading here:
https://bitcoinist.com/bitcoin-hits-8000-as-the-segwit2x-hard-fork-fails/
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