Segwit2X Cancelled

[Phalo]

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.

[Crypbull]

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

[dusty rhodes]

I got news about this is temporary cancellation

i keep reading crap like this but no one has proof

[Scorpion]

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.

[digaran]

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.
 

[btc-hunter]

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?

[hndrk10]

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 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.

[JohnHero]

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?

[NeuroticFish]

Segwit2X has been cancelled.

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

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.

[CryptosapienZA]

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.

[Bittoshi]

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.

[xenxen]

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....

[emberbekas]

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).

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.

[lighpulsar07]

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.

[2double0]

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).

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.

[coiner495]

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

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.

[mashort]

looks like alts are back on the menu boys

[MIV.matteo]

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

[shamzblueworld]

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?

Well the price has certainly dipped, now at $7164. I think it may keep going down for a bit, but it won't go too down. Maybe to $6500.

[bribed]

WOW, as I read about the cancellation of the fork yesterday, I could not believe my eyes at first. Then I started laughing. This could be one of the hugest price manipulations of all time. But this is how it goes in the wildwildwest of Bitcoin huh. Lets be assumptive: who got rich by this? the people behind segwit2x? After all the accusation of manipulation can only be true, if they knew that they could get the fork to be cancelled. But could they? How was this decided? Because of the lack of consensus?