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Bitcoin (BTC) has suffered a dramatic drop tonight. Everyone knows that Bitcoin (BTC) cannot hard fork to fix scaling issue or Poloniex will post Bitcoin Classic (BTCC). No other code has come through to fix scaling issue even after a full year. Chinese miners are starting to panic again. I can see price of Bitcoin dropping below $300.00 in the resulting bear market caused by Bitcoin (BTC) being incompetent to fix scaling issue as fees continue to soar. However, if Bitcoin (BTC) were to hardfork, Bitcoin Classic (BTCC) would remain with scaling issue. Will it recover price or continue down from here ?? I think we will find out soon.
Disclaimer: I am hodler and trader of Bitcoin (BTC) .
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