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.
EDIT: Guys i guess there is some confusion here about my question. I am not questioning the Long Term Value of Bitcoin. My Question here is that how much price can dip this time before it rockets again. Thanks
Let me know your thoughts.
EDIT: Guys i guess there is some confusion here about my question. I am not questioning the Long Term Value of Bitcoin. My Question here is that how much price can dip this time before it rockets again. Thanks
I think November hard fork will be much more serious than BCC split and upcoming split will result in huge loss in bitcoin's value. There will be more than a correction wave, it will be a real market crash. Recovering this probably will take up to 6 months
You are spreading doom and gloom
One major pool (F2Pool, if I'm not mistaken) has already revoked their signature from the NY agreement, and likely more pools will follow it in a short while. The effect would be that the second part of the SegWit2x deal won't come to fruition, and thus there will be no hard fork nor Bitcoin split in November. Obviously, Bitcoin2x has no advantage before Bitcoin Cash, which could be loosely dubbed Bitcoin8x, and thus there is no more ground for the existence of the NY agreement. Miners that want bigger blocks can switch to using Bitcoin Cash now instead of waiting till November (if they really want bigger blocks)