Bitcoin Forum

I came across a link declaring the cancellation of the hardfork this mid November earlier and this is a great news. Not worrying about the fork will make people buy and hold Bitcoins without having any doubts about what will happen before and after the fork. Bitcoin wins again  :D So Perhaps we can see Bitcoin on 10,000 USD sooner than we thought? ;D

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

Not yet!

People are dumping the coin right now trying to get the best of the bubble and this has been reflected in the drop I've been keeping up with in the past hour. Bitcoin dropped around 500 USD in the past hour or so. In the short term (probably over the next few days), we will see some drops and corrections. However, give it a few weeks and we should be back to doing well on our usual routes. We should also keep in mind the support that's been posed by amazon. Seems like they might pick up bitcoin payments soon.

The deposition segwit2x confused card whales. They don't have time to turn on the pump in order to raise the price before the fork to the maximum. I guess now the price will not increase such steps as it was before. Soon it's December and so I think the price for a few months stabiliziruemost. I see no reason to see this year of $ 10,000.

The price right now is playing wild it is really hard to determine whether it is a drop or a rise, this is very unpredictable right now because segwit halt the Hard Fork the hodling had stop too, I think we need to stay put and wait for the price to settle down it's movement, it is very hard to determine right now if it's gonna sky rocket or Drop.

SegWit2x dying is the best thing that could have happened to bitcoin, the OP calling $10,000 per bitcoin could bear fruition. I certainly hope so any way.

Yeah i'm sure the price will be super volatile in the next few days as some people buy because of the death of the fork and some people sell to get back into altcoins and some people just trading against the volatility. I'll be interested if the altcoin market takes back a bunch of market percentage over the next few weeks. With Bitcoin futures coming and the chain's stability is ensured now though I think we'll keep seeing the kinda of gains we've been seeing and hit $10k by end of year.

Yes, too unpredictable.

What is happening now is really weird. The price reached 7800 dollar and then fell to 7200 dollar in a few minutes. I expected a panic selling and also selling by those who had held their coins because of receiving Bitcoin Segwit2x. But that didn't happen. And now wee see the price has increased to 7300 dollar.

It is really difficult for me to decide what to do in this unpredictable market.

I figured this news would cause people to unload since they are no longer getting 2 coins from the fork.

Eye for long term and have a mindset like that if you really believe on what bitcoin can bring more. Since we entered bitcoin world, we already know that price is unpredictable so bet on positive side as we have reasons to do that.

Panic selling is part of the process. We need this dumping scene to test if bitcoin already established a good support at a certain level. After all, the speculation of price crash after the cancellation of Segwit2x will remain as speculation if it's not happened yet.

why bitcoin to the moon Because people will start to sell them bitcoins (most of them need free SegWit2x)

Yes, there will be a correction because of this. But after this, if there is no more useless FUD, we will go for new ATHs :)

I am happy that the segwit2x dev team placed high importance to the unity of bitcoin community  as well as the future growth of bitcoin.

till now when good news happen Bitcoin price Up and when bad one price also up or small down with high up Strange thing

it would be right to put on the forum true information about what will happen in November. Many are afraid of this month and what can happen to Bitcoin. Of course, I believe in Bitcoin's efficient and promising future, but these panic sentiments greatly affect the pricing of crypto-currencies ..

There's a lot of people, even here on the forum, who thought 2x is going to be like BCC and BTG - an airdrop of free coins. When they found out that 2x is cancelled they dumped it all and you could see that there was a lot of them. At least as many as those who pumped it to a new ATH minutes before. I think it will stabilize in a day or two and the overall trend will remain bullish.
2x was a needed upgrade IMO and it would've passed if they didn't back from it in the last minute.  Now we'll have to wait for more talks and compromises.

That really made the momentum come to bitcoin's rally clearly. I hope this trend will maintain. Traders will generate crazy income if the trend goes like this. The price of BTC rises in USD, KRW, JPY and CNY. All good news for us.

Forks will making pressure on bitcoin, we all saw this.

Didn't see this news coming, but the segwit2x fork is not completely dead yet I think. In the statement they say they will suspend it...
Anyway the altcoin market is profiting, all coins in green today.

wow, how could it be possible? i have never thought that it was going to get canceled! i was really expecting to receive those coins, well, maybe they were a 100% lie, but i was waiting for them because the price was going to explode to more than eight thousand dollars once that it was done, anyway, why has it happened? i dont find a good answer to this.
I know that it didn't reached the enought support from the whole community, but it is insane, it only got cancelled because of this?

Consensus among the community is everything in bitcoin. so yes it got cancelled "only" because of that.

It is a needed upgrade but the support wasn't there yet, and it would have been harmful to bitcoin to go ahead with it without the support of the bitcoin community.

As they free money and everyone needed it. So, the segwit2x already ignored by the community. it seems the community back again to the altcoin as the segwit update already denied.
Because they get it for free and they are free to do anything with their own segwit2x coin but this time all of that just like a dream.
When it announces that to turn off segwit2x update and i rush to the altcoin.

so now the 2mb block size limit is a bad thing ? after it was hyped more than a year..

Exactly. The correction is useful in building the momentum for Bitcoin to launch to the moon. Segwit2x being cancelled removed the fear of some weak investors meaning panic selling won't come around any time sooner. A rally might get underway sooner or later. I just hope that there will no news that will intercept with the foreseeable bullish run.

I think there will be some correction happen about bitcoin price. And I am seeing green days for altcoins, so most will into altcoin to have profit. But eventually bitcoin price will go to the moon.

When?  It is still unknown why bitcoin keep on increasing in price and altcoin turning green.  Oh well instead of thinking probably ill just wait here and relax, either way I guess i can earn profit from it.   I also think that bitcoin proved that he is already immune with this kind of event, and the hype is still strong reason why it keep on increasing in price,  Bitcoin is almost at $8k a few tens of  dollars left  to hit this mark.

First, we're talking about an 8MB block size limit. Segwit's block size increase brought it to 4MB. 2x would bring it to 8MB, which is one of the reasons for all of the contention. That's a pretty massive increase in data propagation for nodes and small miners to take on. I'd expect marginal nodes to shut down from bandwidth costs and marginal miners to shut down (or centralize) from increased orphaning.

Secondly, it wasn't really backed by users or developers. Just some companies in the ecosystem who want more capacity. Meanwhile, most of those companies aren't using Segwit yet.....

It wasn't even a guarantee that SegWit2x would be free money. It was closer to an attack between life and death and only one walking away.

As we observed that, while hardfork is coming the more btc go higher but in contrary to the effect of altcoin price-is dumping. Since segwit2x is canceled we expected to normalize the flow of bitcoin but it isn't affect to it's price today. If this is still continuing its stability in$7k+, it could be an indication that bitcoin will be achieving more.

Yes it's true that the hard fork is cancelled but we should not be celebrating because this may be a tentative postponement and that soon after they have prepared segwit2x it will still pursue. Also regardless of whether there's a fork or none we should not be worried about bitcoin price because it was not affected by them in fact bitcoin still continue to increase even a week before the expected fork.

I think of the opposite, I think people will used Bitcoin to buy alt coin and can caused it to drop a little bit, I think alt coin is the one going to the moon, but for long term it will be a good, less forking will make increase trust from the investors

There are two possibilities right now, either price will rise because people will continue to invest in Bitcoin, hence bitcoin gains more value than before. Or Bitcoin price will have a correction as people are either investing or dumping Bitcoin for better value making a decrease in it's value and it may touch 6k USD again. But the latter possibility is likely to happen more.

The fork might be back, guys always want to fork bitcoins to earn them more publicity.

Still not sure yet.

Sigwith2x is cancelled and this may be a sign that bitcoin is going to get pump this end of the year to the level were nobody has predict for this year! Traders are watching of what is going to happen and I expect bitcoin to resort on the way it has been carried the cryptocurrencies along. We should expect altcoins to also get pump as we have see that some of them has started to recover and we expect this to continue happening tell the end of the year.

Definitely, SegWit2x as it sounds is no more, due to lack of majority and now there is no reason for Bitcoin to stop few hours ago, after the news there was dumping in Bitcoin but now everything seems back to normal and one can expect touching $8,000 very soon. Bitcoin is increasing at a rapid rate due to which some are worried and other are fearing due to its enormous power but i believe this makes Bitcoin different from others giving new possibilities in short interval of time. 

The use of the word DEAD in the title is misleading.
The oficial announcement uses the word SUSPENDING which would suggest it will be back.

Here is the link to where i heard about it https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/

I think bitcoin had its moment dropping down below 7000$ now its back again as are some alts

Well whatever the consequences of this botched fork has on bitcoin in the long term really has no affect on the short term pricing which i think will continue to skyrocket for the moment being anyways. The price should easily reach $10k by year end.

Thing is, this botched fork at least gives investors more room to work with in terms of buying. Otherwise they feel pressured since the network will be divided or whatnot.

The bull trend should last until the next fork announcement comes out.

I don't think this price will hold for now. We will see dip back to $6000s.

Keep in mind all this forking started right before $5000.

You know what mate? That segwit was already fixed this time and I am confident that we can see the stabilized bitcoin price right now, as selling and buying is balance with the bitcoin economy right now. There's nothing to be afraid of for this and I know by the time blockchain network is improved moreover well that the time bitcoin transactions will hit the profitable price. Most importantly we are here to witness the current progress of bitcoin and Segwit2x and fork or whatsoever speculations wouldn't make us panic in either ways.

Segwit2x is not dead as their developers only announced a delay in the implementation due to lack of current consensus. We do not know what is their actual plan at the moment. They could try again once a higher percentage of the community will support the new technology. I hope it won't happen soon. It does create too much uncertenty.

I would not be sure that this would happen, most of the people had put money in Bitcoins anticipating the fork and for free money, now that there's no free money, people will move out and that could lead to a Slight correction plus if you read cmse want to control Bitcoin which i feel is bad for Bitcoin, I think it would be a miracle if Bitcoin survives this next few days. It's not a good time for the crypto Kings, it's got enemies towards all sides.

To be honest I would have prefered to see these guys really forking. First they would have learned a very hard lesson and second this is an attack we will probably later see again. This is victory for us, the community. But other attacks like this, much more coordinated and planned will follow, by much bigger guys and corps. And then maybe these bad actors will on the other side again. So remember who they are and never forget what they tried to achieve!!!

In terms of price: I still think we will go down for a needed cool down. However this won't mean a trend reversal. $10k this year to happen is pretty ambitous imo. More likely around Q1 2018. So in about 3-5 months.
Compared to last year november we are already up 10x!! That's a lot. So do not let us get too greedy. This will just end in much bigger corrections no one here really wants to see again (70-80%)!!!

Yes it's a good news that finally this segwit2x or the November hard fork is finally dead now which is now  giving boost to price of other altcoins and we will soon see BTC price at the peak within few time .People have shown their faith again in bitcoin and it will in turn give them the results.

I don't understand why you are happy. You are satisfied that the time of the transaction? Or you like the price of a transaction? You do not understand what this change is inevitable. You have turned bitcoin into an object of accumulation. You don't care about the time and price of the transaction. You don't make them. Your actions have turned the bitcoin bubble. Remember that if nothing changes now it will burst. I am opposed to the fork. But I for that compromise was reached and the block size was increased.

Solutions to network congestion take time to build if we are to retain decentralized miners and nodes. The massive delay from miners in activating Segwit set the ecosystem back more than a year in that respect. So much time was spent arguing and negotiating instead of facilitating early adoption of Segwit (gradual easing in fees) and building the Lightning Network and other fee-saving mechanisms.

Also, keep in mind that miners like Bitmain have an interest in the Bitcoin network being congested: it helps them pump Bitcoin Cash and it might not cost that much, because they are mining blocks and recouping the fees they spent.

Of course you can expect only the worst, but I think that this bubble will not burst and Bitcoin Will Go Only Up. Of course, all price fluctuations may depend on different factors, but there is nothing to do with the plug.

It seems the Bitcoin miners community found the way to solve the block size of Bitcoin without hardfork. I don't know the way made them cancel this fork, but I think create new fork and clone to new Bitcoin is bad choice, IMO.

Miners also know that the current hardfork train continuing will be a sickness for bitcoin and if they don't cancel segwit2X, then many other versions might follow to do hardfork too. Probably they havent still found a way to solve block size problem of btc but they don't want to risk btc's health further. Knowing them I know they won't give up and they will find another way to solve lock size problem but it won't be in the form of a hard fork.

Not quite. Eventually maybe Bitcoin is going there but today expect market correction or pull back. Also since SegWit2x was cancelled expect that those who sold Altcoins for Bitcoins in anticipation of the airdrop will start buying Altcoins again and you see most Altcoins are starting to recover in terms of price.

I definitely agree with you. The price seems to be dropping by $500-700 due to hodlers cashing out. Amazons stand on receiving bitcoin as mode for payment is still not yet confirmed. By any means bitcoin's price will increase over the next few weeks.

when altcoin begins to creep up. bitcoin prices remain stable. very fortunate because pa basically those who have bitcoin still hold it even though segwit2x has failed. live we see which altcoin will be superior? I hope dogecoin will go away ;D

Segwit already increases the block size to a maximum of 4mb.

Before August the limit was 1mb, now its 4mb.

Segwit2x aimed at 8mb, that is, the same size of bcash.

The scaling is still there.

The fork is cancelled and for sure because of that bitcoin price wil continue to tincrease again. So if you have extra money in your wallet you can buy bitcoin to make more profit in the future. And maybe we see the price of 10k dollars next month of december . But even the fork is cancelled they have possible the price will decrease so be careful invest only you can afford to lose.

Have you read the information regarding all these fake news spreading around in the internet about the integration of amazon with bitcoin that amazon themselves have made a statement
that these stupid information are utterly bullshit?
Amazon is not going to integrate bitcoin soon, they already comfortable with paypal and direct credit card.

no, altcoins dont control bitcoins. even if altcoins creep up bitcoin will still go on its own and infact bitcoin is the one who really controlls the altcoin because as you can see if the bitcoins value is rising , the altcoins value is also decreasing thats why as of now altcoins are still bleeding because bitcoin has not yet done on this hype and we can still see that its still increasing a little bit. and no, dogecoin will not go away. dogecoin is still part of the best altcoins.

i do not think segwit2x is dead,i think it's just another delay.
why ? because we need this for a long run,the reason behind this segwit2x is to increase the network block size.
if nothing new discovered by them and the network remain the same,
i believe there'll be a jam that caused by the network itself.
so in the end Segwit2x will not removed completely,it's just matter of time when we will see this kind of drama again in the future.
right now they did not force it due to pump,
what will happen with Bitcoin if they keep forcing it ? the community will be divided and the price will be bottomed.
with that it will be the start for Bitcoin to the 'bubble' and then it's just matter of time to see it 'burst'.
Bitcoin is a decentralized thing,and need a community to run it and develop it.
if the community themself divided due to fork,there'll be no more future for Bitcoin

I'm pretty sure segwit gives about a 2x increase in transaction throughput, not 4x. I've mostly seen people say it should give 1.6-2x increase. I don't know the technical details of segwit and what the increase depends on, but the consensus from what I've seen is at best 2x, not 4x.

They are not just cancelling the hardfork, they are stopping work on Bitcoin permanently. I am not sure that is good news.

It was pretty sure that after the fork the price will surely drop but as SegWit2x has been cancelled,it is becoming very difficult to predict that whether the price will drop or rise. A lot of fluctuation is seen in the price. Sometimes it drops by some dollars and sometimes it rises by some dollars. No doubt Bitcoin has a potential to reach the milestone of 10000$ but according to me a correction will take place first which will bring down the price to a reasonable value because it is important .I think within a week we will have a clear picture regarding what will happen next.

Wven segwit is cancelled the price of bitcoin continue decreasing maybe they have bad effect also to us because many people bought bitcoin during they have fork want to get bitcoin gold.

What are you talking about? The Core developers continue to work tirelessly on Bitcoin. Core is the most active cryptocurrency codebase on Github by far, and I don't see that changing. They are working on a lot of exciting things, including the rollout of Core Segwit wallets. That should increase Segwit adoption immensely, which helps pave the road for signature aggregation, MAST and Lightning.


It's funny that this is what almost everybody concluded, save for a handful of savvy altcoin traders I follow. I guess it's true what they say about markets: if everyone agrees on what will happen, the opposite will occur!

There are so many delusional people here in the forum. Bitcoin price is going down the toilet, it's certainly not heading to the moon. It's idiots like the OP that eventually kills bitcoin.

come on now, it's not nice to lie to the newbies. Someone might actually believe you and lose money because of you.


But no you must be right. Bitcoin is dead now....for the 200th or so time. Yup. Surely it'll stick this time! lol

It seems the price of Bitcoin has pumped the opposite all prediction of people don't trust the future of Bitcoin ::). I'm a Bitcoin's holder, so, I'm sure the Bitcoin's price won't below $10,000 in next year. Remember, the trending of cryptocurrency and Bitcoin, the government still don't apply the technology from this world. Imagine the situation they apply the blockchain technology into reality 8)