Whats up guys. Trying to piece together whats going on with crypto and wanted to see what other people thought about what I was thinking was going on.
*BIP has 80% with segwit but small percentage(~20%) wants BCC for mining profitability and network speeds.
*The btc chart looks now like it did in january 2014, so Im guessing prices will fall for 9 months like it did then but not for the reasons here(
https://bitcoin.stackexchange.com/questions/35494/why-did-bitcoin-lose-value-so-fast-in-early-january-2015) but for the reason that all the new money in crypto is being hodl'ed and people taking their btc to get bcc seems to be popular.
*So large drop in price incoming, only thing Im uncertain about is the altcoin prices. They could go up to people being uncertain about btc in the drop, for people wanting to trade their btc for a safer hedge but could go down because people would rather stay safe in fiat, in the mad rush about to happen
I dont think that we are going to experience a drop of price, most investors seems to have read and now know whats going to happen on August 1, previously investors were just selling to their fears of the marlet crashing thus losing their money but it seems thats not the case anymore.