Author

Topic: Market has spoken BU will not pass (Read 302 times)

legendary
Activity: 1138
Merit: 1001
March 17, 2017, 06:25:01 PM
#1
http://nodecounter.com/#bitcoin_classic_blocks

- On March 5th-8th the long consistent rise of BTC was halted possibly by the rapid amount of BU blocks being mined and the coming Segwit crossover.

- Today the major exchanges announced a plan for supporting BU in a united manor but the BTC price is taking a hit.

It seems the market is speaking clearly that it does not want BU but judging by the price action when Segwit was in the ascendency, Segwit is less of an issue for the market.

I imagine the large miners will be aware of the impact of their actions and test this theory and will over a short period of time be able to discern that BU is a non option because of how badly it will hurt the BTC price.
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