Bitcoin seems to be the victim of a 1980's slasher movie. It keeps running towards the exit to [generic horror movie location: camp, house, neighborhood] screaming the entire way only to be bifurcated via chainsaw and/or machete right before salvation.

OK maybe that was a metaphor was a little labored, but just this year we have seen bitcoin's drop and recovery twice after the bitcoin cash and bitcoin gold fork and once just under the fear of a hard fork – Segwit2x – that was slated for the middle of November but was cancelled due to disagreement within the bitcoin community.

This latest bitcoin fork though seems slightly different as certain sources are speaking about 1 bitcoin potentially being turned into 10 bitcoin diamonds. Kind of like if aforementioned slasher movie victim was an Olympic cross-country runner that may spontaneously force mitosis. This could possibly push even more speculative buyers into the fray trying to ride the bitcoin dragon. The groups, known as the Bitcoin Diamond Foundation, of bitcoin miners that are behind the fork proposal, seek to increase the capacity of the block and the speed of transaction confirmation.

Since Friday we have seen bitcoin blast through the $9,000 level inching towards $9,600 (indicative price) at the time of writing this article. Funny enough some of Bitcoin's price drops weren't even due to forks.

The crashes Bitcoin experienced though weren't exclusively due to the fear of forks (forkaphobia?) though:

Historical Bitcoin Crashes: