RE: Day 9: Bitcoin price crash explained (July-August)
I don't really care if there is a hard fork of BTC or not. It worked out just fine for Ethereum and I think everyone knows where the future of BTC is - the chain with prospects for handling higher transactions. A BTC-classic will stick around for a long while, but like ETC - is it really going to survive and be useful long time? It could be the new Litecoin I guess. I suppose with BTC we don't have ICOs to drive volume to one chain or the other but I think eventually just scalability will make it's choice.
All the forward thinking companies are backing Segwit2x right so we'll just get a classic BTC with a bunch of Luddite miners who eventually will regret not joining the masses. An analogy is while the transportation industry had a hard fork and moved to the motor car we still have people driving horse and carts - but it's just a old-timey throw back, good for some short distance trips if you want to be retro, but not a serious form of mass transport any more.
Yes, that was my point, either we fork or not I believe we're still in long term bull market, in case the fork happens, I couldn't be surprised to see the flippening.
I only wish Segwit2x was happening with more consensus and fewer debates like Segwit for Litecoin, this way the price could've to drop less and in a healthier way. The problem of these debates and crashes is that it scares new investors who prefer to put their money in less volatile and risky markets. I believe, in fact, that the last ATH is thanks to the sideways and low volatility of last year, which gave more trust for new investors.
We'll see how things evolve!