The current drop was expected by many users. The event on August 1st brought confusion and uncertainties to everyone and the result is what is reflected on the charts. Whether the fork is to be imposed or not, as long as it is for the best for Bitcoin then nothing is to be worried about.
What kind of lesson will arise here? Is it when there is a possible fork, there will be a hard drop? What is the lesson in here anyway? A change in Bitcoin is intended to make it better and cope with the current issues it is facing. Change is always desirable in order to address some issues and to improve its services.
Thanks for your comment, skorupi
My concern is that an important part of managing changes, necessary as they are to evolve, is that they have to be properly communicated, planned, scheduled.
so far, this forking season has been all about nobody expecting the spanish inquisition and sunking the market. this might be desirable if one has a monopolistic bias but for a currency, IMO, it is not.
I agree that it was not communicated well, but you have to remember that there are 2 sides that has been battling on for the last years or so regarding which bitcoin direction should go through. And now that Segwit2x activation nears, the panic of splitting is seriously enough that cause a lot of investor to shy away from bitcoin and casual investors to push the sell button. I think initially nobody really understand what the implementation will bring to the market, that's why it sunk at this price. But how do we know if we haven't crossed it yet? The lessons will be fully felt once it happens, otherwise fear and uncertainty will continue to arise as we near the "doomsday" as other want to put it.