Topic: Segwit2x cancellation discussion (Read 2293 times)
Apparently the main forces are the Whales (large Chinese mining pools, they also own more bitcoins) and the bitcoin core, plus whales are still actively speculating on this, it has canceled already a bunch of times! 100% speculation! But the fact that it can not happen in any way suggests that most likely they can not reach consensus in any way!!!!!!!
Video analysis : https://www.youtube.com/watch?v=D9XlstCRTLM
It will be very interesting to see how the price of bitcoin is affected, I know a lot of people that bought into bitcoin because they wanted the "free coin". It is currently up around 2% however the news is so new that people are likely still analysis it. I know I am personally glad they didn't go through with it, and am very happy with the way the crypto currency community is involved. I like the idea that the community/miners/investors etc can reject it.
What are your thoughts on it?
You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080
It will be very interesting to see how the price of bitcoin is affected, I know a lot of people that bought into bitcoin because they wanted the "free coin". It is currently up around 2% however the news is so new that people are likely still analysis it. I know I am personally glad they didn't go through with it, and am very happy with the way the crypto currency community is involved. I like the idea that the community/miners/investors etc can reject it.
What are your thoughts on it?
You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080
I am really taken back by their decision to suddenly cancel it, I was aware that the segwit2x was not getting much support but that would lead to cancellation is a surprise, last night post the cancellation it shot up and then it's settled lower, now I feel there will be selling as people who brought for free coins shall sell it, however I feel price could boom also as people would now move into it with more freedom and without worry of fork.
I just like the fact that peoples opinions were able to play a role, and it is not dominated by 1 person.
Even i am happy with the decision most of the coins in my portfolio even though very less i recently started trading it was in loss everyday checking whole portfolio was in red . Now am glad that some of my holdings are showing green . Hope soon Bitcoin price will decrease will reach 5K arround . So that i can recover my bitcoin investment .
They are showing green because you cut your losses, sold, and think it's all blank now?
Sorry, but past deeds don't disappear. If you sold at a loss you sold at a loss, that's all. I'm happy that it got cancelled as it wasn't ready and had not enough support. They knew it and got out. Give it a few days and we'll go up again. 
Even i am happy with the decision most of the coins in my portfolio even though very less i recently started trading it was in loss everyday checking whole portfolio was in red . Now am glad that some of my holdings are showing green . Hope soon Bitcoin price will decrease will reach 5K arround . So that i can recover my bitcoin investment .
NOW, there is consensus (for the near future) thus......the only thing in BTC's way now is no longer 'internal' strife of a major note
but just the usual , adoption and real world FUD
I expect the Alts bucket to fill up for a bit ....catch up ..and then hopefully, btc will pump to 10-11k as folk state by say March 1st 2018
but just the usual , adoption and real world FUD
I expect the Alts bucket to fill up for a bit ....catch up ..and then hopefully, btc will pump to 10-11k as folk state by say March 1st 2018
Actually, I think there is more drama incoming. Just wait until the Bitcoin Cash guys start their marketing push. They're already giving us a taste, with Roger Ver, Jihan Wu, Calvin Ayre, Kim Dotcom, Craig Wright/Jon Matonis and others shilling for them.
Now that 2X is out of the way and the CEOs that backed it are probably feeling salty, BCH is the obvious answer for them. The chart looks healthy, too, as much as I hate to say it. My guess is that the next major FUD/attack/competition will come from that angle.
I think BCH will just be a fork....of Bitcoin. In fact, I see many forks's of this type....why make an ICO? (soon to be regulated or illegal) why make an ALT coin from scratch and start out with it as a penny and years to gain price? .... why start any coins with a new protocol or hardware like x11 when you can just make a snapshot and jump your coin off the bitcoin fork..
By forking of Bitcoin, using Bitcoin Gold as an example of how not to do something like this prudently, your vaporware (IMHO) ALT coin fork, like Bitcoin Gold, hits the world in $ and not just cents per coin.....
why would you make an ALT coin today in any other manner..then just fork off Bitcoin?
Thus, BCH will be the first Bitcoin ALT fork of many, many to come...like it or not ...but won't replace BTC any of them...
anyway, how I see it panning out
I am so much happy the 2xers have heeded the voice of reason and abandoned their insane venture!
2 Mb blocks may be discussed, anybody can create their own 2+ mb altcoin, etc.
But 2x fork was not supposed to be a fair altcoin! It had been going to forcibly seize the Bitcoin. That was one of the worst attacks against the Bitcoin.
But the merciful Lord has saved the Bitcoin, and all of us (Bitcoin holders) as well!
And now I think, maybe those 2xers are not so bad, as anyone can be mistaken, the most important thing is to have the courage, honesty and wisdom to admit that you were not quite right.
2 Mb blocks may be discussed, anybody can create their own 2+ mb altcoin, etc.
But 2x fork was not supposed to be a fair altcoin! It had been going to forcibly seize the Bitcoin. That was one of the worst attacks against the Bitcoin.
But the merciful Lord has saved the Bitcoin, and all of us (Bitcoin holders) as well!
And now I think, maybe those 2xers are not so bad, as anyone can be mistaken, the most important thing is to have the courage, honesty and wisdom to admit that you were not quite right.
I don't disagree with Segwit2x but i am thankful that it was cancelled and that is a good move on the developers because there is no point pushing segwit2x if it is not stable and lots of bugs. It will just bring down BTC price and there will be more fork that will happen in the future without solving the problem.
Segwit2 cancellation has made so much noise in the bitcoin community. Especially that the cancellation has made a good push to the value of bitcoin, now geqring towards the 8,000 mark. but i think everything is designed to get the attention of everyone on bitcoin. And their strategy is doing a real good job. The btc balue will continue going up.
Video analysis : https://www.youtube.com/watch?v=D9XlstCRTLM
It will be very interesting to see how the price of bitcoin is affected, I know a lot of people that bought into bitcoin because they wanted the "free coin". It is currently up around 2% however the news is so new that people are likely still analysis it. I know I am personally glad they didn't go through with it, and am very happy with the way the crypto currency community is involved. I like the idea that the community/miners/investors etc can reject it.
What are your thoughts on it?
You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080
It will be very interesting to see how the price of bitcoin is affected, I know a lot of people that bought into bitcoin because they wanted the "free coin". It is currently up around 2% however the news is so new that people are likely still analysis it. I know I am personally glad they didn't go through with it, and am very happy with the way the crypto currency community is involved. I like the idea that the community/miners/investors etc can reject it.
What are your thoughts on it?
You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080
I am really taken back by their decision to suddenly cancel it, I was aware that the segwit2x was not getting much support but that would lead to cancellation is a surprise, last night post the cancellation it shot up and then it's settled lower, now I feel there will be selling as people who brought for free coins shall sell it, however I feel price could boom also as people would now move into it with more freedom and without worry of fork.
It's good news as it will send BTC even higher. It shows that BTC is the one an king of kings.
Yes, Good News indeed. Bitcoin will be more higher in price now.
Everytime there's hard forks the Bitcoin value will even being pumped so analysts said that the role of creating a fork is to increase Bitcoin's value, well, they were right. Segwit2x is canceled or not Bitcoin will continue to rise because people wanted to invest more and a lot of people also are gaining profits on trading cryptocurrencies.
Segwit2x aims for better scalability of Bitcoin like increasing blocksize capacity. But they didn't close the issue, they just cancel the implementation of the fork and that's decision happened when they're approaching to the block that was going to full. They're still pushing the fork because this debate was started around May this year and they're still pushing it but the exact date still unknown.
NOW, there is consensus (for the near future) thus......the only thing in BTC's way now is no longer 'internal' strife of a major note
but just the usual , adoption and real world FUD
I expect the Alts bucket to fill up for a bit ....catch up ..and then hopefully, btc will pump to 10-11k as folk state by say March 1st 2018
but just the usual , adoption and real world FUD
I expect the Alts bucket to fill up for a bit ....catch up ..and then hopefully, btc will pump to 10-11k as folk state by say March 1st 2018
Actually, I think there is more drama incoming. Just wait until the Bitcoin Cash guys start their marketing push. They're already giving us a taste, with Roger Ver, Jihan Wu, Calvin Ayre, Kim Dotcom, Craig Wright/Jon Matonis and others shilling for them.
Now that 2X is out of the way and the CEOs that backed it are probably feeling salty, BCH is the obvious answer for them. The chart looks healthy, too, as much as I hate to say it. My guess is that the next major FUD/attack/competition will come from that angle.
It's good news as it will send BTC even higher. It shows that BTC is the one an king of kings.
Yes, Good News indeed. Bitcoin will be more higher in price now.
Bitcoin can continue its course quietly without risk of breakage.
It's good news as it will send BTC even higher. It shows that BTC is the one an king of kings.
Yes, Good News indeed. Bitcoin will be more higher in price now.
It's good news as it will send BTC even higher. It shows that BTC is the one an king of kings.
i dont get anything about this cancellation. anything about it. What will happen now ?
bitcoin core will continue to be the main flavor of BTC..and likley will start pushing lighting stuff
I would think the price would stay above 6k on such news......and that price will continue to creep up on adoption
my fear with this fork is you would have had something like 15% BCH and 40% BCT and 45% segwit2x+2mb
thus no 'flavor' would have 51% and people would then see THREE YEARS OF NO SOLUTION ON SCALING AND BLOCK SIZE PATH
that imho, would have sunk in and drove BTC price down to less than 4k or more imho
NOW, there is consensus (for the near future) thus......the only thing in BTC's way now is no longer 'internal' strife of a major note
but just the usual , adoption and real world FUD
I expect the Alts bucket to fill up for a bit ....catch up ..and then hopefully, btc will pump to 10-11k as folk state by say March 1st 2018
Segwit2x seems unacceptable, which is why the BTC goes to the moon?
BTC already went up a lot now looks alt coins turn.
I disagree. For a long time I was debating whether or not Bitcoin would be THE cryptocurrency and now I'm certain it will unless something drastic happens. As the distance between Bitcoin and the alt coins increases it will attract the majority of the money, talent & interest needed to propel it forward. The cancellation of Segwit2x gives both sides of the debate a chance to work together to find a reasonable compromise to scale bitcoin and that may or may not be a sidechain or blocksize increase.
I think that the Bitcoin/altcoin relationship is not so binary. The pattern is cyclical. Under the right conditions (stability/sideways-up price movement in the Bitcoin market), money tends to flow into altcoins for three reasons: 1) Some BTC buyers buy in to enter altcoins/tokens specifically. 2) Others eventually looks for ways to spend or invest their BTC, including buying altcoins/tokens. 3) Both of these activities lessen the amount of available BTC supply on the exchanges, driving prices upwards.
In addition, altcoins act as testbeds for BTC. Segwit was implemented on multiple altcoins before it was finally activated on Bitcoin, and I think that helped it gain wider acceptance. I think the relationship is quite symbiotic.
Honestly guys, I'm actually fine with the cancellation of the B2X coin. I was somewhat looking forward to dumping my B2X for some extra BTC, but overall I think the fork would have done more bad to the bitcoin community than good. I also don't have to deal with the stress of trying to sell my B2X before the price would have plummeted.
There won't be a x2 fork , no free coins ( I think we should expect everything with cryptos)
It's fine that there will be no free coins, there is still hope with alt coins you just have to invest on it. And because of the cancellation of the Segwit2x many investors now will not worry about this split and division of the miners and the support from the community. The battle now between bitcoin against bitcoin cash is the one that we should look between the rally of btc's. The price now is going up to the moon, just keep on holding your bitcoins.
Video analysis : https://www.youtube.com/watch?v=D9XlstCRTLM
It will be very interesting to see how the price of bitcoin is affected, I know a lot of people that bought into bitcoin because they wanted the "free coin". It is currently up around 2% however the news is so new that people are likely still analysis it. I know I am personally glad they didn't go through with it, and am very happy with the way the crypto currency community is involved. I like the idea that the community/miners/investors etc can reject it.
What are your thoughts on it?
You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080
It will be very interesting to see how the price of bitcoin is affected, I know a lot of people that bought into bitcoin because they wanted the "free coin". It is currently up around 2% however the news is so new that people are likely still analysis it. I know I am personally glad they didn't go through with it, and am very happy with the way the crypto currency community is involved. I like the idea that the community/miners/investors etc can reject it.
What are your thoughts on it?
You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080
segwit2x cancelled ?
hmm, its ok no problem with me because i didn't bought bitcoins anymore to get free coins
i hope altcoin price will pump again soon....
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