Segwit2X Cancelled

[rohqit]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

It will fall to at least 6k since the futures price on the fork was over $2000. That free money is now gone. If it stays above 6k I'd be very surprised.

[niceacrobtc]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

I think it's just "trader" & inverstors...

Il will "google dance" during 4/5 hours, then will will come back to normal... i think

[Okuzgozu]

After news prices saw 7900 than it make a free fall to 6900 now its around 7300s but i think fall will continue. China sleeping now

[kenzawak]

now what ?

are whales gonna sell and the price go down ,then buy back again ?

[Kronos21]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

I think that the price of bitcoin does not depend on the forks. Logically, the price had to fall but we saw that she was growing up after each bifurcation. The price is completely under the control of the whales. They can manipulate the price to their advantage and it is impossible to predict. I believe that bitcoin will become better. Miners must understand that high fees brake for bitcoin and they can always find something to compensate for their reduction.

[chiggz]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

I think that the price of bitcoin does not depend on the forks. Logically, the price had to fall but we saw that she was growing up after each bifurcation. The price is completely under the control of the whales. They can manipulate the price to their advantage and it is impossible to predict. I believe that bitcoin will become better. Miners must understand that high fees brake for bitcoin and they can always find something to compensate for their reduction.

I think this is a good new for Bitcoin cash. Now there is a chance for some big names announce their support for Bitcoin Cash shortly.

[lazygin001]

Oh dear can't believe it had happened. I was expecting something exciting there with the fork today but saw the price gone down to 7300. Hopefully they will regroup and think of another way driving Bitcoin forward.

[harizen]

Oh dear can't believe it had happened. I was expecting something exciting there with the fork today but saw the price gone down to 7300. Hopefully they will regroup and think of another way driving Bitcoin forward.

Why so afraid and worried? Try to changed your interval to 15 mins. minimum and see the action by yourself.

The resistance is looking good around the current price rate and playing at about or around $300-$500 margin above and below as average. Just let this crazy price movement slow down before we can state that the result of Segwit2x cancellation is a price crash.

[exstasie]

Oh dear can't believe it had happened. I was expecting something exciting there with the fork today but saw the price gone down to 7300. Hopefully they will regroup and think of another way driving Bitcoin forward.

You have to consider what the market was expecting. Based on the Bitcoin Cash experience, some people were buying BTC to get the B2X airdrop, given that it was worth upwards of $1000 a piece. That includes altcoin holders, hence the bleeding altcoin markets recently.

With this news, bottom sellers in altcoins who were buying the BTC rally are now rushing back into alts. BTCUSD traders who were buying for the airdrop are now dumping since they won't get it.

That's my take on this volatility..... the "Eiffel Tower" as chartists would call it. It's literally the biggest 4-hour candle in BTC history. The people who were trading based on the B2X fork are now meeting dip buyers. I think the dip buyers will prevail and we will see new highs.

[bazar111]

Again manipulation on BTC, they didnot made Segwit, but made people to sell all their altcoins and buy expensive Bitcoin , and now the game is change , because many people bought BTC to get free BTC2X.

[stompix]

After news prices saw 7900 than it make a free fall to 6900 now its around 7300s but i think fall will continue. China sleeping now

China means 0 , and their influence is gone. Looking at Chinese exchanges is as informative as looking at cats sleeping.
As for the price, of course it's a mess.

No more helicopter money, but as the same time bitcoin is again the only one that matters and we got rid of a difficult situation.
It will calm down in a matter of hours.

Again manipulation on BTC, they didnot made Segwit, but made people to sell all their altcoins and buy expensive Bitcoin , and now the game is change , because many people bought BTC to get free BTC2X.

Selling altcoins for bitcoins is not stupid,nor the result of manipulation, it's normal.
In the end, it's going to be only one.And guess which..BTC

[Bytem3]

SegWit2x dropped from $1400 to $180 within minutes https://coincodex.com/crypto/segwit2x/ lol, dunno why people still buy at this moment lol

[Phalo]

segwit2x(b2x) was always intended as an altcoin and not a bitcoin upgrade

it was just a bait and switch to push segwit(core1x) into being accepted after 9 months of objection(from last year). and then backtrack out of the 2x part

core closed off the chance of any community adoption of B2x the same day it was suggested to core.
https://github.com/bitcoin/bitcoin/pull/11128

Perhaps a noob question but, How is consensus reached?

[Phalo]

After news prices saw 7900 than it make a free fall to 6900 now its around 7300s but i think fall will continue. China sleeping now

I wish people would stop being obsessed with the price and be busy speculating right now. Amateurs need to stay the hell away from trading right now.

[flip4flop]

The reaction is interesting to see it shoot up to the high 7000s then drop all the way back down before settling in at 7300.  I am hopeful the bottom doesnt fall out as the rest of the world reacts.  It is nice to see the alts start to recover though, was nice to see the entire portfolio have a 20-25% boost across the board on average while not losing a ton on the BTC price.  Will be interesting to see what if anything happens to Bitcoin Gold when they ever get themselves on line and if this effects that pricing at all.

[Jurski]

Interesting how is the market going to react

[soham]

Any speculations on the price? Price was climbing towards $7500 and suddenly dropped to $7000. So is it going to drop more or gonna increase to 8000k?

The price will now take a dip. We will see the impact soon. The blocksize increase didn't get support from the stakeholders so they are cancelling it. The market was riding high on positive energy for the hope of free coin, so I believe, the gamblers will now exit the market and we will have a temporary dip in price before going up again. Time to average out the buying price for me.

[coinsontheroad]

Caught this immediately. Went straight to the alt market and swept in 52%. Thank God the war is over!

[Virtual miner]

Well the miners kind of won over the idea of decentralization. I think segwit2x came with its own motive and a very good implementation plan too. But support is the most important thing you need. Its the majority support which has led btc price up to 7500 and it is the abandoned support for B2X leading to its decline. Well no more controversy over it long live bitcoin with a hope of transaction fees and times going down!

[J_Dubbs]

Yes, it's very cool, because all the altcoyins have gone up, everything is becoming more expensive. But maybe all of us are waiting for sevit in the near future. Maybe it's just decided to move it. So do not relax. Buy altcoyins, while they are still at a low start, then it may be too late.