Re:Segwit2x Bitcoin Fork Suspended
by koonsolo on Thursday November 09, 2017 @02:48AM
(#15660629)
> Market fundamentals seem non existant here.
I think you are looking at the wrong market fundamentals.
People getting into bitcoin right now, buy because it can double their money in 6 months. They do not understand anything about Segwit2x.
They see news about bitcoin, look at the price again, and say "Damn, why didn't I buy it already?", and buy. That's your market fundamental right now. That is the value of bitcoin right now: "double your money in half a year".
I'm not saying bitcoin doesn't have any other value, or that it is overvalued right now.
I think you are looking at the wrong market fundamentals.
People getting into bitcoin right now, buy because it can double their money in 6 months. They do not understand anything about Segwit2x.
They see news about bitcoin, look at the price again, and say "Damn, why didn't I buy it already?", and buy. That's your market fundamental right now. That is the value of bitcoin right now: "double your money in half a year".
I'm not saying bitcoin doesn't have any other value, or that it is overvalued right now.