Here we see Litecoin story again.
People fail to understand segwit, and expect the price to boom on segwit.
Bitcoin will become a better coin after segwit
But the price un a market is established by demand and offerBitcoin was not a bad coin before segwit, it had it's holders, it's markets ....like Litecoin.
Bitcoin demand will not increase at the segwit moment. The better segwited Bitcoin creates the potential to integrate Bitcoin in many new markets and by that increasing the demand, but that takes time
So...here we go again, people selling other coins, other people coming with fiat to buy Bitcoin and increasing market cap, all of them expecting to get rich on 1 August, dreaming of a 10,000$ BTC over night. Bitcoin price jumping now because of the buyers before segwit...then....disappointment, market cap dropping, people going back to fiat, cursing that they did not make a milion dollars over one night and therefore crypto is scam.
In my opinion is the best time to buy other crypto, for example ETH now it's cheaper to buy than to mine at current difficulty.
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