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It's possible that either decision attracted a different class of buyer. Altcoins have been dumping recently as people sold their holdings to buy Bitcoin in cas
by icey 9y ago
It's possible that either decision attracted a different class of buyer. Altcoins have been dumping recently as people sold their holdings to buy Bitcoin in case there was a fork in order to get more of the forked coin (like what happened with Bitcoin Cash). Canceling Segwit2x may have caused traditional investors (e.g. those with less risk appetite) to feel that there are fewer questions about which chain survives a fork; they could have been waiting to put money into the market until there was a clear sense of which Bitcoin fork would be the successful one.
Altcoins are surging at the moment, so I believe that lends some credence to the first group being people trying to move into BTC to get more free coin.
- ifdefdebug 9y ago> waiting to put money into the market until there was a clear sense of which Bitcoin fork would be the successful one. I don't know, only if they did not understand that it's a win-win-win situation... they would have equal amount of coins on both chains so none of the three possible outcomes would be actually losing.
- AgentME 9y agoIt's possible that confusion and conflict coming from there being two chains (imagine if a user sends bitcoin to a retailer who then claims they never received a payment because they were actually expecting coins on the b2x fork) could depress the price. Now we know that won't happen.
- ifdefdebug 9y agoI stand corrected, didn't consider the case of both chains crashing due to the fork.