Noobs view on #BTC Correction.
I am just learning the patterns and new to Technical Analysis.
So I can be a 100%wrong!!!
Things I considered for this drop are,
1. SegWit2X is going take a share of hashing power that BitCoin enjoys
2. This share is going to be slowly going to SegWit2X side as it has fixed the technical challenges BitCoin has, as miners move to SegWitX BitCoin block becomes more time consuming to mine with reducing hash rate
3. And the Crypto buyers moving their investment into the new SegWit2X is only going to accelerate the fall of BitCoin
Thanks!
TheCryptoPot.com
I am just learning the patterns and new to Technical Analysis.
So I can be a 100%wrong!!!
Things I considered for this drop are,
1. SegWit2X is going take a share of hashing power that BitCoin enjoys
2. This share is going to be slowly going to SegWit2X side as it has fixed the technical challenges BitCoin has, as miners move to SegWitX BitCoin block becomes more time consuming to mine with reducing hash rate
3. And the Crypto buyers moving their investment into the new SegWit2X is only going to accelerate the fall of BitCoin
Thanks!
TheCryptoPot.com