Is Bitcoin Down Because of SegWit2x or Bubble?

[soham]

As everyone has probably already heard, the SegWit2x is cancelled. After such controversy surrounding the way it was done, it seems as if Bitcoin is going to stay the same for the time being. While Bitcoin is down in early trading on the day after the announcement, so are other Bitcoin tied cryptos. BitcoinCash seems to be resilient. Does the botched attempt at trying to make blocks bigger make investors want to leave Bitcoin for newer blockchain technology?

Looking for insight for a news article I am writing for The Wall Street Bitcoin Exchange. If you haven't heard about the SegWit2x cancellation yet, we recommend you check out our article at: http://www.wallstreetbitcoinexchange.com/segwit2x_cancelled_by_bitcoin_news_headlines.html before voting. We look to do a more in depth piece based on feedback from our social media channels. Thanks in advance for the responses.

Yes, probably that is the reason for bitcoin price to go down to this current level. I had expected more dip, around at $6800 level, but I am glad that didn't happen. This is only a slight dip and will be recovered soon. A lot of investors worldwide started stacking up bitcoins in the hope of getting free segwit2x coins. When it was called of yesterday, I expected a lot of such investors will pull out their funds. But there is a second story that supported the bitcoin price to stay at this level.

CME group is a well known name is derivatives market. So once they will actually enter the market, bitcoin will take another step to become main stream. It will promote the bitcoin to the mass as well as a lot of real world white money investment will flow into it. That is the reason the market is still surviving with a big hope. I don't think the market price of bitcoin will go any further down. It is just accumulating strength to take the next leap.

[Halcyon Days]

After it rose and rose up to 7k and hitting an all time high, the current price is not really down. Down would be 2-3k and even this is still a major plus from the beginning of the year.
I would not worry too much. If it goes up, it has to go down, too, before rising even higher. As long as it swings, this is healthy growth.

[gundala]

just like any other expectation. I am sure after hardfork bitcoin price will be higher. however, usually the price will drop first before finally sliding away to reach the highest price.

[eaLiTy]

I think we would see some hibernation time before seeing another rally as the price of bitcoin is soaring for a long time without any major correction and i expect a correction before another rally and in the wake of another fork people were investing in it to take advantage of split coins and at least those who got into for the extra dough will move to other coins since the fork is canceled and that is what i think.

[Indrawan77]

It is down because of the b2x cancellation, many people are enthusiastic about the forking so a lot of them are holding bitcoin to get the free coin, when it is cancelled, most of  them  will used  bitcoin to buy alt, so it had caused bitcoin price to go down, but there is still chances that bitcoin going to pass $8000 before 2018

[rodskee]

the segwit2x hard fork was cancelled because goes in favor into the miner's if i'm not wrong have many trials from bitcoin bitcoin in my observation every time have an problems facing of bitcoin he still stand ontop as number in cryptocurrency, but i think nobdy can predict today its comes double or down the price value, but hoping no increase no down still in same value are also good for us. but remember i said nobody can predict the bitcoin value today.