Bitcoin Segwit2x CANCELED - Cryptocurrency Market SOARS - NEW MCAP ATH !
Phew. The 'hostile attack' on Bitcoin has receded. At least for now.
And the Alts responded positively, shooting up in USD and BTC values. Chainlink is up over 40%!
What do you think?
Is this a dead cat bounce before the demise of alts like ETH? Or is BTC headed back for $5K before $10K ??
Let me know what you think,
Sources: https://techcrunch.com/2017/11/08/segwit2x-backers-cancel-plans-for-bitcoin-hard-fork
The first thing that went through my head was, "Oh my gosh! I need to go all in bitcoin!". After thinking about it for an hour or so, I am a little unsure of any price appreciation in the short-term. I think it may turn out to where the sentiment for now is "BTC is a cluster F%@!" and folks will want to turn to alts in a more meaningful way (again, in the short-term). This is the stance I'm going with for a bit until I get a better feel for things now that the fork is cancelled. If they end up deciding to move forward with the fork at a later day, I would be all in alts but for now, I am going about 30% BTC and 70% alts.
This post has received a 4.12 % upvote from @booster thanks to: @mikev.