So let’s see what the situation right now is.
Now that SegWit2X was cancelled and all the plans for the November fork were stopped, Bitcoin lost over $800 within 30 minutes:
However, it recovered some of the losses.
People were investing too much in Bitcoin these days because they were hoping to get free B2X coins after the hard fork happens in the region of next week.
But, a few hours ago, SegWit2x was suspended, which means there will be no B2X and no-one will get the corresponded amount of B2X coins – the fork will not take place:
As fees rise on the blockchain, we believe it will eventually become obvious that on-chain capacity increases are necessary. When that happens, we hope the community will come together and find a solution, possibly with a blocksize increase. Until then, we are suspending our plans for the upcoming 2MB upgrade.
…says the message signed by people behind SegWit2X.
So, what will happen with Bitcoin?
Well, it would be great to see its price drop for a few days, so that you could have great entry point for BUY. Anyway, even in these conditions, Bitcoin is a good long-term investment at any time, because it is expected to break the $10,000 and even $20,000 levels in the coming months-years.
Bitcoin is a good investment for those who are not afraid of volatility and of losing their money.
Those who invest in Bitcoin for the long-term are winners if they know when to leave the market. The ones who need consolation now are those who invested in SegWit2x futures…on November 3 they had to pay over $2500 per unit, and today the price collapsed below $190, and it will end even lower.
For Bitcoin investors, the long bearish trends should anticipate good market entries:
For short-term traders, Bitcoin might never be a good investment.
In the coming years, it will still go higher, so yes – it’s a good investment in the long-term.