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Author Topic: Segwit2X Cancelled  (Read 3815 times)
LouVandetta
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November 09, 2017, 03:24:35 AM
 #101

What? Is that true? I didn't see that coming. After all these past weeks was always about segwit2x this and that.
So that's why bitcoin price was having a flash dump. And no wonder alts price is recovering.
Well, it means that now is the time for alts to rise up, right? I better fasten my seatbelt, then.

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November 09, 2017, 03:56:22 AM
 #102

This has been a big news since this morning, and its such an unfortunate, it is cancelled just a week before forking while some of the exchanger already ready to accept it, but it will be good for bitcoin growth,  the investors wont need to split the investment and will be back to keep bitcoin, so it is still a great news for all of us

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November 09, 2017, 05:39:26 AM
 #103

So based on this news, what would be the best investment strategy going forward? BTC or altcoins?

Personally I don't play with the big boys. I took my money out of BTC literally about 5 hours before the announcement. I don't want to be part of this mess. With the institutional money that is now in bitcoin the game has changed(changing). I will look for entry and buy back after the 20Nov. That was my plan from day 1, it was to stay away from the Segwit2X fork.

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November 09, 2017, 05:55:57 AM
 #104

I got news about this is temporary cancellation,  may Be It will be on coming month, But officially not saying anything about Segwit2X,  Cool

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November 09, 2017, 05:57:41 AM
 #105

I got news about this is temporary cancellation

i keep reading crap like this but no one has proof
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November 09, 2017, 06:01:18 AM
 #106

I actually appreciate this message from these group of guys, especially the part that specifies constructive contribution whether for or against. It was a very heated debate and tense days approaching the hardfork, it would have been the biggest test Bitcoin has ever seen. Eventually they saw it could be very damaging to Bitcoin so much so it could halt it's growth - wow, so the experts saying it could've divided Bitcoin and cause massive confusion were not kidding around at all.

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November 09, 2017, 06:09:51 AM
 #107

What? Is that true? I didn't see that coming. After all these past weeks was always about segwit2x this and that.
So that's why bitcoin price was having a flash dump. And no wonder alts price is recovering.
Well, it means that now is the time for alts to rise up, right? I better fasten my seatbelt, then.

It's not this neither that, you should put on your white hat. in less than a week, whales earned billions of dollars literally by selling you Bitcoins at $7000+ while they got them by mining and buying with much lower prices, it is clear as the running water that some of the big whales are pouring the earned money
from Bitcoin trading into alts. now they will start to dump their alts after some anonymous group behind  B2X says that they will continue their hard fork attempt as it was scheduled.
 

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November 09, 2017, 07:13:01 AM
 #108

They just realised bitcoin is no more solvable. The only way to get out of bitcoin if you own a high amount of coins is by selling them easy. Facebook style sale.

Some of you already know that facebook is systematically sold. The team behind the sale thought good when they realised if they will list facebook for the entire price is less likely someone has the cash to pay for it. So they will do it in 100 years. The same thing will happen if someone try to sell big amount of btc. They can't doit at once because the price will drop down to earth. So the only way to pour safe money from big amount of btc is by selling it easy.

I'm wrong thinking that way?
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November 09, 2017, 07:18:32 AM
 #109

They just realised bitcoin is no more solvable. The only way to get out of bitcoin if you own a high amount of coins is by selling them easy. Facebook style sale.

Some of you already know that facebook is systematically sold. The team behind the sale thought good when they realised if they will list facebook for the entire price is less likely someone has the cash to pay for it. So they will do it in 100 years. The same thing will happen if someone try to sell big amount of btc. They can't doit at once because the price will drop down to earth. So the only way to pour safe money from big amount of btc is by selling it easy.

I'm wrong thinking that way?

That's actually an interesting idea. I like the way you think Smiley you are giving me hope with the altcoins I am into. And I pretty much agree with you, Bitcoin is hopeless, but bitcoin is the branding of Crypto.

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November 09, 2017, 07:21:43 AM
 #110

It's really scary, because something has to happen now with the Bitcoin growth, and thinking about it scares the shit out of me. What is it gonna be, what is it gonna be? Smiley

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November 09, 2017, 07:27:03 AM
 #111


This is the best news of the month. I've heard rumors here and there and I didn't believe them since the pools still signal NYA.
I really hope this is for real and for good. I was so scared the miners will do something this stupid now (when Wall Street drags Bitcoin upwards in an accelerated manner) and we'll lose some more years to recover.

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November 09, 2017, 07:28:15 AM
 #112

I actually appreciate this message from these group of guys, especially the part that specifies constructive contribution whether for or against. It was a very heated debate and tense days approaching the hardfork, it would have been the biggest test Bitcoin has ever seen. Eventually they saw it could be very damaging to Bitcoin so much so it could halt it's growth - wow, so the experts saying it could've divided Bitcoin and cause massive confusion were not kidding around at all.

All I am hoping for is a positive move forward, but im afraid i just don't see it.  I don't think its true that anyone wanted to destroy Bitcoin. Anyone who has put money in this ecosystem wants to see it thrive. Unfortunately the difference come on how we move forward with so many unhappy people. Let's wait for next week and see if all goes smoothly.

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November 09, 2017, 07:31:53 AM
 #113

Good news for the unity of the BTC community for now. But long time there is no way to stay with 1MB blocksize. Transfer fees increase all the time and one day this will be more dangerous for BTC than a blocksize increase.
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November 09, 2017, 07:35:53 AM
 #114

i have plan to send my bitcoin in other wallet whose suport segwit2 but i change my mind after i hear this news..i still holding my coin while his price is still increasing....

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November 09, 2017, 07:58:50 AM
 #115

This is the sexiest news I/we had all been waiting for since the drama emerged for 2x. I believe they won't stop here and will come back in the future and you may call it "postponed" instead of "canceled", but this shows that Bitcoin wins the miners' hearts as well as investors' confidence and the index levels are enough to prove that. RIP S2X, let us begin our journey to 10k (but after a possible correction of 500 - 1500 USD down). Wink

I do believe they will come back someday. I expected the price will move down because of this news. Therefore I can start buying some, hold it and waiting for the next fork.

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November 09, 2017, 10:08:41 AM
 #116

Well that is really a good news they already gave up the segwit2x hard fork it looks like they realized that they will lose in the end and their fork may cause huge problems between the two chain if they succeed. but i think will this is only a beginning we will still see more of them in future as long as their intentions aren't fulfilled they wont stop creating a new fork.

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2double0
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November 09, 2017, 10:39:48 AM
 #117

This is the sexiest news I/we had all been waiting for since the drama emerged for 2x. I believe they won't stop here and will come back in the future and you may call it "postponed" instead of "canceled", but this shows that Bitcoin wins the miners' hearts as well as investors' confidence and the index levels are enough to prove that. RIP S2X, let us begin our journey to 10k (but after a possible correction of 500 - 1500 USD down). Wink


Continued price increase means lots of people still haven't gotten this news. WTH ... no free coins, oh damn what to do, should i stay or go .... the slightest dip now will send BTC tumbling

How ugly you people are to say "no free coins". You don't want something better for Bitcoins?
S2X called off as they were unable to gain trust, do you believe those coins would have been worth anything more than dust?
The consensus remained under 30% which shows that nobody was interested in these "free coins" whatsoever. S2X was just going to ruin everything by trying to move the markets as well as technology where they wanted to.

snip -

I do believe they will come back someday. I expected the price will move down because of this news. Therefore I can start buying some, hold it and waiting for the next fork.

Surely, they will as a dog's tail is crooked forever. Price will come down but not the way everybody thinks, it won't tank all of a sudden but slowly settle down a bit after taking a shift back towards breaking ATH and going above 10k. Again, a fork? No need for it, I know its inevitability won't fade but let's not talk about such things anymore.

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coiner495
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November 09, 2017, 10:44:01 AM
 #118

i keep reading crap like this but no one has proof

This is not crap, read the actual newsletter:
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

Quote
As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

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November 09, 2017, 11:18:07 AM
 #119

looks like alts are back on the menu boys

I only get paid in BITCOIN
MIV.matteo
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November 09, 2017, 11:25:17 AM
 #120

If I can share my opinion I'm so confused right now. One month of pure hype for this fork, people have started trading it on exchanger and now they cancel it seven days before it. I can't believe this. Anyway, against every expectation BTC price is now stable and it's apparently rising again. Better to save my funds on USDT and wait few days

The fact that six people could "cancel" the fork tells you something. If six people decide whether Bitcoin forks or not, is the resulting coin really "decentralized?" It really makes you think, doesn't it?

Anyway, I'd be careful holding that USDT. The mid-term BTC chart still looks healthy to me for now. When I expect a drop in price, I prefer to find altcoin hedges when possible. USDT exposes you to big third party risk (Bitfinex + whatever exchange you are holding USDT on).

It's exactly what I think, I can't believe that a few person can manipulate so much and I hate that Bitcoin is not really "decentralized". Anyway I've never understood why USDT expose people to risk but many told me to be careful and in fact I act accordingly

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