Post
Topic
Board Speculation
Re: SW2x cancelation will crash Bitcoin
by
pugman
on 09/11/2017, 19:41:27 UTC
SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

There is one small tiny ray of hope still, one, the fact that CME group of trading will list bitcoin in the future, which would make the demand and supply forces to be hyper reactive. Bitcoin, since it has crossed the 7.5k$ mark, a lot of corporates are thinking of making some use of bitcoin, this is going to have a less impact but still there is some hope still out there.