The selloff is accelerating.
Do people think that their coins are going to be worthless if this whole XT fork ends up happening? Is that why people are dumping? Is there any evidence to suggest the classic core coins will be worthless? What happens to my BTC? I sure as hell don't want to be holding if this is the case.
I thought this whole XT thing might actually be a positive catalyst, but obviously I don't know anything about the economics here.
This is what happens when people invest in things they don't understand. There is no fork, and if there ever was one, because it would be driven by 75% of the network, it would effectively just be an upgrade. It's not going to happen, it's just a negotiating tactic. That said, if you're over invested in something you don't understand, either educate yourself or reduce your investment.
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