So I have just heard that the pump or rise in bitcoin value was due to the recent Ransomware attack. And after the recent drop, it makes sense too, I mean the price went up considerably as the demand of bitcoin went up, and now probably they are cashing in their rewards and hence the value is going down.
What do you think?
What do you think?
The spike and drop were due to SegWit.
When the market believed SegWit would be activated by miners due to the Barry Silbert agreement, it spiked.
When the market ceased that belief due to the validity of the agreement, it dropped.
Every time there is positive momentum for SegWit the price rises.
Every time there is negative momentum against SegWit, such as BU, the price drops, although temporarily because we are in a bull market.
If you haven't figured it out yet, the market wants SegWit. Therefore, if you want to make more money faster, support SegWit
