The money flees hard fork threats and follows SegWit

Witness the bitcoin price crash after the latest hard fork threat (by Bitmain, alias Jihan Wu) and witness the rise of the Litecoin price, where Segregated Witness ("SegWit") is now active.

Witness also the additional Litecoin price increase from some $30 to $40 after it was announced that no problem issues have been found with SegWit.

The only hope for bitcoin until SegWit will be activated is that enough new money flows in to counteract the negativity, but I must admit that I would not be surprised if the bitcoin price remained subdued until SegWit activation. I would also not be surprised if the Litecoin price rose even higher until then.

I believe the situation will turn around only when it becomes clear that SegWit will be activated for bitcoin soon.

I fear the FUD around BIP148 and have severe doubts about it, but I certainly hope that it will succeed against all odds, because that would mean an early turnaround.