Hi Steemers, I was wondering if any crypto currency investors are holding off investing in Bitcoin because of the July 21 soft fork. Even if that goes through, to try and steal the march on the more aggressive 1 August hard forkers, the matter probably won't be completely settled until November when the 2mb block-size increase is supposed to be implemented. So it won't be until November that we can be sure of avoiding a hard fork.
http://www.coindesk.com/bitcoin-miners-unite-behind-scaling-proposal-segwit2x/
My own thoughts are that this will severely dampen Bitcoin price growth for the rest of the year. I think when the matter is settled then Bitcoin could skyrocket, the sky will be the limit, but it will take so long that Bitcoin won't be above $4k by the end of the year.
I am predicting a difficult July for cryptocurrencies. I don't think a hard fork Bitcoin dominated by big mining companies would be successful. Any thoughts?
more than 85% have implemented already the change and by 1st August it will be fine
Write good
Congratulations @sklurg! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!