Yeah, read an article about August 1st... :-/ Don't really know much about it, fuzzy a bit for me. Market is spooked of course by the "bubble" discourse.
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Yeah, read an article about August 1st... :-/ Don't really know much about it, fuzzy a bit for me. Market is spooked of course by the "bubble" discourse.
Nobody is 100% sure what will happen at the moment, the Bitcoin development and mining community cannot seem to agree on the way forward and that leaves everyone else completely lost...
The community is basically divided on how to upgrade the Bitcoin blockchain at the moment. If they cannot agree upon an upgrade strategy then the chain will split and hence both coins will probably dramatically devalue short term. Other cryptos would also probably devalue as they tend to follow Bitcoin when there is a mass market exodus.
If this happens, make sure you have a wallet that supports the Bip 148 upgrade otherwise you Bitcoin(s) could go to a specific chain against your will... or alternatively sell your coins beforehand.
If an upgrade strategy is approved, however, the value of Bitcoin could increase nicely.
Yeah your right, the "Bubble... flash crash... slaughter" that the news loved to report definitely caused a major spook.
There is no denying, however, that the panic sell on 90% of the coins is evidence that the market is not mature enough and people are in it for the fast buck rather than long term goals.