Well, here we go the Bitcoin blockchain will go through another change, that change is the old algorithm. November 1st the old algorithm will be abandoned, and a new algorithm will be put into play and ‘Bitcoin’ will now be under new guidelines. This will also cause another chain will be born before this happens, causing another altchain to bitcoin.
This was cause for concern, I thought that if a second chain is created, it would highly decrease the value of BTC, but both blockchains gained value. I do know that we can't go on creating altchains. This would surely impact the value of bitcoin. There is a limit the market can sustain and if we gain too many altchains the BTC as we know it will suffer, something that I for one would not like to see. We are on the verge to see the strength of bitcoin as it adds another altchain. The price might go down, but i think people can and will find the altchain valuable, but again the market will decide that.
Photo link: https://www.flickr.com/photos/btckeychain/15047469432/