Winter has come. Everyone, hold on tight as the downward spiral of cryptos pre Aug 1st, continues. speculation last week was due to non financial payment in USD, but from all indication people are just dropping them as fast as there can before aug 1st.
Below is an outline of the main events that could unify or divide bitcoin:
By July 21: SegWit2x software is released and supporters begin using it.
July 21 to July 31: The community monitors how many miners deploy SegWit2x:
If more than 80 percent deploy it consistently, that should signal community-wide adoption of SegWit and the avoidance of a split, at least for now.
But if a majority do not deploy, expect anxiety within the community to grow as the focus shifts to the Aug. 1 deadline.
Aug. 1: UASF is deployed by its supporters, who begin checking if bitcoin transactions are compliant with SegWit.
If a majority of miners still do not deploy SegWit2x or otherwise accept SegWit, and if UASF supporters do not back down, then two versions of bitcoin’s blockchain could come into existence: a UASF-backed one where only SegWit transactions are recognized, and another where all trades -- SegWit and non-SegWit -- are recognized.
If a split occurs, bitcoin will likely begin existing on both blockchains in parallel, resulting in two versions of the cryptocurrency. Expect traders to quickly re-price the value of both, likely leading to massive volatility.
Copied from zerohedge
Best bet by july 21st