Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I think it's starting to sink in with some people that FrankenSegwit may not come out with sound code; and with it's planned Hardfork, come November, it's just kicking the can down the road a little for another major forking threat.
It has horrible code. One of the hardcoded seeds is basically an anti-privacy (chain analysis) company by Garzik. 
Weak hands are not afraid of 1st Agust, as you said they would have sold earlier. Weak hands are dumping because they are afraid of the dumping other weak hands started. That's all.
In other words: Speculating on possible negative scenarios? The biggest bubbles of our time are the dollar, the euro, the yen, the pound... When they pop bitcoin price will be measured in hundreds of thousands.
What's the point of Bitcoin being worth $100k if those $100k are almost worthless? If all traditional currencies collapse, then we will have to fundamentally change how we value Bitcoin.