Post
Topic
Board Press
Re: [2017-07-26]BTC's 10% Plunge Reveals Underlying Concerns About Currency Split
by
tulikak
on 26/07/2017, 13:40:13 UTC
Excerpt
Bitcoin’s volatile ride continued Tuesday, with prices dropping to their lowest in five days as concerns over the activation of SegWit2x weighed on investors. Bitcoin (BTC/USD) plunged more than 10% on Tuesday, reaching a low near $2470.00, according to Bitstamp. The drop erased most of the progress made last week after developers apparently agreed to avoid a currency split. Uncertainty Over SegWit2x Various news sources, including The Wall Street Journal, reported last week that the vast majority of developers signaled support for a new software protocol. This protocol, dubbed BIP91, is intended to resolve differences between the User Activated Fork…
You can read the full article here (https://hacked.com/bitcoins-10-plunge-reveals-underlying-concerns-currency-split/)

I am not sure if I should retain my investments in altcoins. I have invested in IOTA, EOS and NEO. I don't know if I should keep my currencies or sell them before its too late.Please suggest guys

I would get out if I was you. Not a very good time to be letting money stay in the market. Segwit and BIP91 have already caused a lot of damage.

Segwit will actually be good for bitcoin in the long run, the amount of pending transactions is rising everyday and it is not helping the bitcoin network. But people are misinterpreting Segwit as something negative.