It's been 4 days since the bitcoin SegWit faction of the Bitcoin community took over the miners pool that saw them officially surpassed Bitcoin Unlimited "Emergent Consensus" with huge margin of 44% which also surpassed the Emergent Consensus total vote of 40.2%. But there have being a few miners who are still and very firm with their support for Bitcoin Unlimited which have raised a few concern about and idea that have being going around that the losing side are thinking of breaking away from the Bitcoin community..
With an activation date set to launch the SegWit fork into the blockchain, will this be in full effect and wont there be any backlashes on the current price of Bitcoin which is also a major concern to users and miners who trade daily on the chain with the rumor going around of a split which is possible if.
The market price for bitcoin might likely fall in the next 25 days which is the number of days left to see SegWit launch it's update into the communities. But there are two factors that will lead to the downward pull of the current market price of 2,600.91$ to 1 bitcoin.
* Earlier this year we saw the bitcoin price hit its lowest price of 750$ to 1 bitcoin which happened as a result of the tug between the Bitcoin Unlimited and Bitcoin Core that brought about a huge panic sale, so if Bitcoin Unlimited doesn't make it's loyal supports understand why the need to join power with SegWit, so that the Bitcoin credibility can be kept in one piece and live to fight another day, then we should expecting a plunge in price if Emergent Consensus breakaway from the Bitcoin entity..
* If SegWit doesn't provide a lasting problem to the confirmation process in the months that follow the update users might move to other cryptocurrencies that provide them with a faster service.
If the SegWit activation happens to be a success, we will surely see an increase in our Bitcoin value but we should also know its always good to have a back up plan, right now Ethereum price is seen to have plunged a bit recently which is a good time to invest because the possibility of Ethereum price going up in the market is very high, at around 80% chance of an increase in price should be a good reason to invest in Ethereum..
Note: i am not telling you go invest in Ethereum blindly but to look out and decided if you would want to..
