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RE: Bitcoin is officially in Bear Market Territory - What to watch for next, and Predictions! Can Bitcoin Make New HIgh?
Traders are still doubtful about SegWit2x. As soon as SegWit is locked in the price is gonna break some ceilings. And there will be no hard-forks on Bitcoin blockchain. There is too much money in to gamble on the chain-split.
so you are saying its a buying opportunity? I agree but no traders likes uncertainty!
It could be. But you should follow the latest developments with SegWit2x. Beta is gonna be out in a few days and Bitcoin Core developers still don't support it. As soon as there is some kind of a signal that SegWit is a GO! The price is gonna rocket instantly. But there might be even deeper dip before it happens.
I agree but there is also the downside risk if we dont' get consensus than the possibility of split increases greatly
Chance of a chain-split is less than 1%. Wouldn't really call it a risk in this market. The only possible fork could be in a 6 months with 2MB blocks. But since we don't need them right now, I doubt that it is going to happen that soon.