Post
Topic
Board Bitcoin Discussion
Re: Does Bitcoin dip because of the Segwit2X fork?
by
Juggy777
on 29/12/2017, 08:45:18 UTC
Why Bitcoin dip today, just before the Segwit2X hard fork? Normally, a fork only rises the Bitcoin price.

And the price of SegWit2x in https://coinmarketcap.com/currencies/segwit2x/#markets also drops heavily.

There is a misunderstanding going around the community that because of the segwit2x the price dipped, it has nothing to do with the fork happening as this is not the real segwit2x but a clone. For most of you'll who are not aware, South Korea is mulling strict actions against Bitcoins and that's been another negative news for the crypto king, though there's lack of clarity what action shall take place, it was a blow as Korea is a booming market. Hence there was a fall, and the happening of the fork was just a coincidence.