Segwit2x cancellation discussion

[rainbow169]

It's like playing the game of bluffing to the very end. At least, it's now clear it's not in 2X's interest to break bitcoin. Long term this should really positive news for bitcoin, short term, it's great for alts but might be I already miss the boat.

[angaper]

Because of few guys, people lost thousands, stupid to called it off, when u r so close..

This is the game of money. Very few privileged people make decisions that affect the economy of others. But in addition, many of those who lost money are responsible for the great ambition shown even in spite of the uncertainty that prevailed these days, and it is well known that in the face of uncertainty it is better to step aside and avoid hasty decisions.

[TTITA]

I found news about cancellation here

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

What info's i got, that they are postponed a segment in November with the aim of upgrading block size to 2MB.
Though under the pretext of a better improvement. The community is still divided between those who agree and not with this.
The lack of a solution between the two can make things worse. In my opinions that behind this Segwit imposed in November this could be because of the interests of certain groups for their own profit.

[2fresh]

Goes to show how much uncertainty there actually is in the cryptoscene, although I do agree in that people are responsible for their own investment choices.

[ajmapalo22]

It only shows one thing the cancellation of segwit2x is due to the high price bitcoin has and maybe they are preparing for a much marketable coin to introduce in the market it may affects the value of bitcoin and all other alts but I don't think is would be permanent in due time this segwit will come back and will assure us to have a very reasonable introduction in the market, this is a sort of postponement and we don't have to worry surely bitcoin value will not be affected too much by this

[MarioV]

Very good for this news that I enjoy. Trust in bitcoin is not touched. For those who wanted the biggest block there was bitcoin cash, segwit2x at this point had no reason to be done.

[cryptodyn]

I had a look everywhere and I can't find the real reason behind this sudden cancellation?
Was it just a trick from the big guys to raise the btc price? or to lover the altcoins market?

[ChrisPop]

I am glad that the fork cancelled as my opinion is that so many forks are just like bumps in the road. And these only delay the growth of bitcoin and good,solid altcoins. Keep your eyes wide and ears open as the ALTCOIN SEASON IS COMING!

[billysunday2000]

I was waiting for my funds to transfer so I could buy more cheap alt coin.  The alt coins I wanted to buy are already up over $1.50.  There are still some that have gone up yet.  but my funds will not transfer until Monday...

[TimtheYoutuber]

Video analysis : https://www.youtube.com/watch?v=D9XlstCRTLM

It will be very interesting to see how the price of bitcoin is affected, I know a lot of people that bought into bitcoin because they wanted the "free coin". It is currently up around 2% however the news is so new that people are likely still analysis it. I know I am personally glad they didn't go through with it, and am very happy with the way the crypto currency community is involved. I like the idea that the community/miners/investors etc can reject it.

What are your thoughts on it?

What free coin? Aren't you mistaking 2x with Bitcoin Gold fork?
There's no free coin here. If that's what is supposedly driving people to buy you all should sell ASAP, before they wake up seeing there was no airdrop
As for the fork I thought there was an agreement made months ago to push it through and people were happily buying into a coin that was about to get hard forked and suddenly now they have cold feet. That's cute.

I have seen a lot of people that think there is a "free coin". I am not 100% as to why everyone just got cold feet. We could possibly see something like this again in the future anyway.

[figmentofmyass]

Because of few guys, people lost thousands, stupid to called it off, when u r so close..

generally, you should never trade fundamental news. you haven't "lost" anything unless you've closed positions or sold your bitcoins. and i hate to say it, but anyone trading B2X futures or trading BTC on high leverage during this period of uncertainty and high volatility probably deserves to lose money. high risk, high reward = sometimes you lose your shirt.

if you held onto your bitcoins, they're worth as much as they were two days ago. and there's a good chance that the uptrend will continue now that the FUD is subsiding.

[CrypticGambit]

Really great news for me and the entire crypto community. This fork could have been very dangereous to the crypto economy, Congratulations to bitcoin core team and all the community who didnt dump their bitcoins.

[Sadlife]

Maybe they've just move it or they've finally realize that it's futile and it will become another airdrop that only feed bitcoin and the result will go up in insane heights. If they segwit2x had not been the price of bitcoin should have surpass $8000 cause the community already decided what to hold and that is bitcoin.

[cryptjh]

SegWit2x just added 2k or more to the Bitcoin price in the last few weeks. I think they will try again in a few months, and it will again make the Bitcoin price even higher.

[Janation]

With this cancellation the most important altcoins have rise the price. It was a good time to buy, but still not to late

I think that is the best thing that happened in the cancellation of the bitcoin fork. But some of the users are intending to buy bitcoin because they are wanting to have the airdrop or the "free coin" but the truth is, there is no "free coin" or airdrop that will happen, it is better if they will just invest on ICOs or buy another altcoin to be holded.

[no0dlepunk]

I don't support 2x anyway. Probably those who have bought bitcoins to get the fork are currently selling out right now but fortunately those who aren't so cool with it are starting to buy back at the moment. I don't know, I might be wrong or otherwise... but anyway, I can feel the $8000 rush today  ha ha!

[layoutph]

Don't be so greedy,  alts might dump again. You might find your alt positions in a negative status. As the rule of the thumb,  alts dump during major bitcoin dips.  Lets wait until btc reached the dip..  And lets buy the alts.

[illyiller]

I don't support 2x anyway. Probably those who have bought bitcoins to get the fork are currently selling out right now but fortunately those who aren't so cool with it are starting to buy back at the moment. I don't know, I might be wrong or otherwise... but anyway, I can feel the $8000 rush today  ha ha!

Same here. The dump reminded me of the one that followed the Bitcoin Gold snapshot. Harsh red candles on high volume, followed by heavy dip buying. I'm guessing that traders who were anticipating a free 15% increase in portfolio value (from the B2X airdrop) were quick to dump the news. But since the news is fundamentally good, and current demand is so high, I'm guessing we will see sideways action and eventually new highs.

No airdrop might also mean a rush back into alts. That helps to drive BTC price up because people buy BTC to send to altcoin exchanges, removing coins from the supply.

[HBKMusiK]

i dont get anything about this cancellation. anything about it. What will happen now ?

A circular sent to the mailing list by major proponent Mike Belshe says that it was “clear” the project “had not built sufficient consensus for a clean blocksize upgrade at this time.”

SegWit2x will therefore not activate Nov. 16 as planned, Belshe not naming a possible future date.

[Mavaku]

I am glad they canceled the whole thing. Hopefully the market can get more stability until the next fork in December. Too bad the Segwit2x is coming soon or later anyway...