Quote from: Xesystme on November 10, 2017, 05:17:09 PM

Quote from: alizay on November 09, 2017, 11:15:59 PM

Since the announcement of the cancellation ppl are using their bitcoins to buy altcoins, that's why the price decreased (and not plummeted, it is still 7138$ right now). Look at the long run. I still believe bitcoin is the safest crypto to invest in though the cancellation of the fork will definitely benefit the altcoins in the short term

The drop of the price due to the network congestion. So until after the congestion problem is solved, the price might stay here.

absolutely no connection to network congestion here
we have been there before and it has been much worse than now
and the price kept skyrocketing,this time its the cancellation/postponing of Segwit2x fork
many people have been buying in bulk to have coins and get free coins after the fork
now that it is not happening,we have so many people who bought them at 6000 or less,so they just closed their positions and profited
I expect the price to return to 6000 ish mark or so before we start growing again