On December 28th, one of the main hard forks took place in Bitcoin history, Segwit2X, which revealed acute problems in the work of crypto-exchanges, wallets, and decentralization in general. Why ordinary users are left with less and less choice and how to solve this problem?
Article: http://bitcoinist.com/new-perfect-bitcoin-segwit2x-afraid/
After hitting levels above $20,000 per coin just last week, Bitcoin saw a massive sell-off as fears of a bubble began to loom large.
The price reached an all time high of $20,078 on December 17, but saw an approximate 40% drop in just three days, once dipping to as low as $11,833 on December 22.
However, in spite of fears, the market has rebounded again, and is now stabilizing above $14,000. At press time, Bitcoin was trading at an average of $15,147, according to Coinmarketcap.
Bitcoin Charts
The recovery so far seems to have justified the approach of HODLers (‘Hold On for Dear Life’) who refuse to sell in times of market fear.
Varying responses
Nevertheless, the drop-off saw hedge-fund manager Mike Novogratz delay the issuing of his hedge-fund, citing the substantial swings in the market as well as potential conflicts of interest as the cause.
On the contrary, however, Kain Warwick, Founder and CEO of Havven, an asset-backed cryptocurrency, made it clear that the rebound should have been expected, telling Cointelegraph:
“Bitcoin rebounded because there is significant support at psychological levels like 10k, so once the price stopped falling people came in to buy the dip.”
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I read an article this week that the team has not a good track record, so this project is suspicious.
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I have heard about it too, well, time will show if this fork is worth something or not
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Nice information bro plz support me
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