Hello Guys , i am planning to invest in Bitcoin but after doing some research i found that some experts are suggesting that we can see more fluctuation in the month of November as Bitcoin can have another hardfork somewhere around in Novemeber when Block 494,784 gets mined. Segwit2x Team plans to enable the Bitcoin's miners to run new software at block 494,784 and if its enacted it can create another hardofork for Bitcoin. So what does this means for us investors , worst fluctuation that we saw in the month of July or the prices will only fall to the current level ?
Let me know your thoughts.
You are smart to have realized the importance of due diligence before embarking on any project. Also your findings are on the spot, November is going to put Bitcoin and in fact, the entire cryptocurrency world on a hot seat again as those behind Segwit2x would likely want to implement the next phase of their scaling plan, which is to hard fork the Bitcoin network, which Bitcoin core would likely reject.
Since November is still some time, you can enjoy the Bitcoin cruise at the moment , but ensure to disembark before things get bumpy, then take the wait n see position till the storm be over.