All the bad news are old news; solutions are getting presented: BTC is to go up

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Bitcoin dropped hard just short of a week ago, on the back of 3 negative pieces of news. The most significant one as far as bitcoin is concerned was all the scaling discussion.

Now the markets have had close to a week to integrate this in the valuation of bitcoin.

Also, while there is still some fighting about how the solution will look like exactly, it is clear that Segwit will be activated, as evidenced by the support UASF gets and the support expressed by miners to Segwith2X.

Eventually all contenders should be able to say that they won, contributed to a solution and saved face.

So, unless there is a dramatic new negative development in the next month, the way for bitcoin is UP. Current and new users wil come out of this debate with increased confidence that hurdles on the bitcoin development roadmap can be overcome, and money will resume flowing in to the new economic system.

Looks like it's happening today, BTW 🙂

Edit: typos

submitted by /u/joyofpeanuts
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247 Bitcoin

Bitcoin News Search

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