So it appears bitcoin has won against its strongest nemesis as of yet, and quite convincingly too. Bitcoin Cash going back towards under $1000 whereas bitcoin reaching new heights surpassing 8K.
What do you think this means? And what actually triggered it?
Yes, this victory is quite expected though. I mean we've been there before a lot of times before XT, classic, Unlimited. All of them backed by the same person. Is it surprising that we won once again this time? Not at all. Bitcoin will forever be Bitcoin.
What triggered it? Nothing I guess. Segwit2X isn't even an equal contender for BTC. Even something like Ethereum couldn't keep up with Bitcoin. To be honest, Ethereum is great technology. It has a lot of potentials, besides all the ICO that is currently happening. Now, what Segwit2X actually had besides bigger blocksize + segwit? There are a lot of altcoin with much bigger blocksize already. What we need isn't a fork, but a solution. Perhaps LN or something else could fix this.
I guess now we are ready and good to go beyond $10K, perhaps?