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As Can see the Bitcoin (BTC) dump continues tonight after yesterdays dramatic drop (see previous blog). After consolidating its losses, it dumped again tonight. Once again, As I have been saying for months, Bitcoin's (BTC) halvening hype has exhausted. Unfortunately, nothing else on the horizon to keep the halvening pump going. Therefore, I believe the long awaited bear market caused by Bitcoin (BTC) being unable to scale has started. I do not believe Bitcoin (BTC) is finished. However, I do believe dropping under $300.00 is a possibility. Will it recover ?? What good news will cause it to recover ?? We have heard for the past year about Segwit, lightening chains, etc etc etc.... I am going to say this: Bitcoin (BTC) cannot scale, and until it does, then it still doesn't. If Bitcoin (BTC) hardforks, Poloniex will post Bitcoin Classic (BTCC) to their exchange. However, it will most likely be a short-lived pump and dump due to having the cannot scale feature. At least, that is surely what we all hope happens ?? Right ?? I don't really know because this is all speculation on my part.
Disclaimer: I am hodler and trader of Bitcoin (BTC) .
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It is interesting. Maybe people really did think it was going to go sky high after the halving and it hasn't happen so they are outy! I upvoted you. Please consider upvoting my post. https://steemit.com/steemit/@brianphobos/an-olympian-needs-our-help-steemit-please-read-this-if-you-have-ever-been-passionate-about-something
I just joined steemit and learning the crypto currency game, can you explain what hardforking is please? Thank you