may be making investors nervous. Rest of the Market, while the power structure of the major blockchains will change dramatically, the market as a whole will likely lose value beyond the crash. Segwit/2MB Succeeds with a Temporary Chain Split. Hard forks are generally a very confusing affair. Rest of the Market, success for Bitcoin has often meant success for alt-chains. Bitcoin Unlimited, Explained sandeep Goenka, co-founder, Zebpay said, I expect prices to be volatile till there's a clear SegWit consensus or till about a week post August 1, when user activated soft fork (uasf) gets activated.
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To add to the uncertainty, bitmain, a company co-founded by advocator of Bitcoin Unlimited Jihan Wu, has recently published a blog which says, BIP148 is very dangerous for exchanges and other business. . According to coindesk data, Bitcoins price (BTC) peaked at 3017.78 on June. Bitcoin is the poster child of blockchain technology and cryptocurrency. While every cryptocurrency will be affected by SegWit indirectly we believe the Ethereum (the 2nd largest cryptocurrency) and Litecoin (the most similar cryptocurrency to BTC) will be the most directly impacted. A public chain split will likely damage consumer trust and set blockchain back several years. It could go higher to 1163, maybe 1200. This article will focus on our predictions* of how the market is going to respond. Because of how visible Bitcoin is, a split in the chain is likely to cause some confusion with the larger investment community and push some people away.
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