SW2x cancelation will crash Bitcoin - page 4.

Kronos21

sr. member

Activity: 434

Merit: 255

Quote from: kwukduck on November 09, 2017, 06:27:13 AM

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future, we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

You are not right. Of course I support the idea of increasing block size. But I do not believe that it will greatly affect the price of bitcoin. Such prices as you call it is fantastic. The miners did not support segwit2x because of their greed. If you start such a fall in prices they can easily stop. The same greed will not allow that to happen.

Bardman

hero member

Activity: 952

Merit: 516

You are looking at bitcoin the wrong way. People that bought bitcoin, did so just to get free money with the fork, 99% of bitcoin holders don't care whatsoever about bitcoin technology, they just want to be rich, speculate. It's not going down, not to 3k at least. It will surely drop a bit but it's almost 24 hours after the cancelled fork and the price is pretty much the same. Even if it drops 1-2k it would still be at 5k and even at 3k it's still a lot considering it got there in merely months.

Also SW2x was not bitcoin's hope. We do need a solution for scaling but clearly SW2x wasn't the one. A lot of people viewed SW2x as a threat, not a solution. There are other possible solutions that will hopefully be implemented in the near future but for now bitcoin is going to be the same. I know people that owned a good amount of bitcoins and they didn't even know about the fork. Bitcoin is an ''investment'' right now, almost no one uses it as currency, everyone is buying to get rich fast.

kwukduck

legendary

Activity: 1937

Merit: 1001

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future, we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

Topic: SW2x cancelation will crash Bitcoin - page 4. (Read 2076 times)