d5000
Legendary
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Activity: 3948
Merit: 6581
Decentralization Maximalist
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November 17, 2017, 11:58:26 PM |
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Not a good article. The author insinuates causalities that are not correct, or are simple correlations:
- The $8000+ peak was reached last night, long before the 2x fork was scheduled - so it's not a consequence of the failed fork. - The $7900 high on November 12 was reached after and not before the Segwit2x cancellation was known, so it very likely was a direct reaction (optimism because of less uncertainty) to it. The drop to $5500 came later, it was most likely the result of "swing trading" speculation where some whales - most likely big blockers - exchanged BTC to BCH and then converted them back to BTC after the BCH peak.
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