I am a trader and have been for over 30 years, many people are viewing this sell off as a buying opportunity there are many opinions and theories but there are only 2 truths your bank balance and your holdings period!
Bitcoin needs to hold $1,750 if it doesn't then we could enter a bear market if it holds above $1,750 (Which I believe it will) we will enter a strong rally phase that could last for years.
Once the hard fork, segwit whatever you want to call it faster processing of bitcoin transactions will be here after all that is the end goal of any changes. Once this happens you will see a slow or fast introduction of major banks releasing credit cards backed by bitcoin via eftpos.
Yes efpos! you can transfer your bit coin to your credit card and convert it to "fiat" USA AUD Euro etc.. the banks want to cash in with the sneaky guise to control the price of bitcoin!! when I say control I mean stop the crazy moves up and down (more in mind to keep the upward moves in check (of bitcoin).
IMO the banks will get a rude shock when bitcoin takes off as there is a finite amount of it and no one controls it!
Just remember the $1750 level bear/bull pivot.
Please note a win for bitcoin is a win for the free society so many crave and the opportunity for anyone to get a slice of the big money on offer.
Yours truly
Steelecrew!