On August 1st, they will implement the Segwit and there are some uncertainties involved. If I were wanting to invest, should I do it before or after the date?
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
that is the problem that you will never know about. bitcoin is always like this. price goes up then there is some kind of drama that the community insists on making bigger and bigger, then everyone starts thinking a drop is possible and sometimes it even is. and after some down time when the market makers accumulated enough price rises again leaving everyone who didn't buy in that downtime, behind.
Agreed. It will recover, eventually. I believe this event will cause a serious drop in the price, for a while. I think we may see ETH surge in value, as it has become a 'safe haven crypto', along with LTC, ZCASH, XMR and XRP. They tend to pop when btc goes up or down; I think it's capital flight, or people using those networks to get around the congestion that always comes with a surge in price. If ETH pops, the ERC20 token gang will pop as well; people may retreat into these assets as they are more akin to stocks than coins, and try to wait it out. But essentially, I see a lot of capitalization moving into alts from BTC. Bitcoin won't die, it may have a bad week or two. Cheap coins IMO
