Segwit2x cancellation discussion

[quierx16]

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?


You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080

segwit2x doesn't affect the price of the bitcoin that much. its just a free coin for the bitcoin holder. maybe forked may cause the bitcoin value to rise up again.

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[J. Cooper]

Segwit2x seems unacceptable, which is why the BTC goes to the moon?

BTC already went up a lot now looks alt coins turn.

I disagree. For a long time I was debating whether or not Bitcoin would be THE cryptocurrency and now I'm certain it will unless something drastic happens. As the distance between Bitcoin and the alt coins increases it will attract the majority of the money, talent & interest needed to propel it forward. The cancellation of Segwit2x gives both sides of the debate a chance to work together to find a reasonable compromise to scale bitcoin and that may or may not be a sidechain or blocksize increase.

As much as I was against Segwit2x I have no ill feelings towards the parties involved as the agreement behind it is probably what helped us get Segwit in the first place. Calling it off was a mature move and shows there is some sanity in this space. Although.. I was looking forward to swapping away my segwit 2x coins

I couldn't agree more with you. The normal people will generally associate cryptocurrencies with bitcoin when they hear cryptocurrency on the news. And a lot of the people who are already into altcoins just want to accumulate more bitcoin for the long term. That's why I think bitcoin will be the THE cryptocurrency as well.

It was also very mature from all these parties to come together and end up canceling off segwit2x. Segwit 2x was the main reason why those parties agreed to activate segwit 1x. It really warms my heart that they actually chose to maintain the community instead of dividing it.

[Granxis]

Hey guys, how about we create our voting here in the forum about the Segwit2x. Someone should create it for us to know if Bitcointalk forum agrees or not. This can shade light in our stand about this move. Anyone agrees with it? hehe. If someone create the voting, please post the link here for us to vote...

No need to voting, everybody writes what you think, I think about Segwit negatively, 1 Mb block volume is enough now, enough in future.

[crptotrader007]

I see that the suspension of the Segwit2x fork has made a positive impact on the market. I say it positive because Bitcoin's price went down initially but recovered quickly. The drop in BTCs price made the altcoins jump from their idle position. Seeing BTC drop people bought it more which made it recover the price. So we can say that the money invested for the fork is now transferred to Altcoins while keeping BTC at is normal price.
Nobody knows what's going to happen next.  

[zenrol28]

Maybe that is why bitcoin suddenly surged to 7900 then plunged down to 7300. Someone did make a pump and when everyone followed he made the sell-off before reaching 8000 and after the plunge the news was published. These dramas made people lose money.

[hasmukh_rawal]

Looks like somebody took a great advantage of the current situation or the market itself made the sudden surge in price.
There was a sudden decrease in price when the announcement was made and then the Altcoins spiked up. Now Bitcoin has recovered half of the price drop and may be will recover it soon within the day. I thought BTC would drop atleast $1000-$1500 since there were many people who bought BTC just for the sake of free coins from the fork. But to my astonishment the drop has been recovered.

[OmegaStarScream]

I'm missing something here? It looks like Coinbase still want to push this fork. If that's the case, I advice everyone to withdraw their funds already.

[NUFCrichard]

So the New York Agreement between Segwiters and Big Blockers came to an agreement that they would do both.
That got enough people to agree, so that step 1 could be passed, and Segwit came into force.

The next step was obviously the bigger blocks, but the segwiters already had what they wanted, so reneged on the deal and screwed over the big blockers.

Is any of that wrong? Good luck agreeing on something next time out!

[100percent]

I'm missing something here? It looks like Coinbase still want to push this fork. If that's the case, I advice everyone to withdraw their funds already.

Where do you read this? They just say that they "are monitoring the update on Bitcoin Segwit2x and will provide an update in the coming days"

[Opquar]

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?


You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080

segwit2x doesn't affect the price of the bitcoin that much. its just a free coin for the bitcoin holder. maybe forked may cause the bitcoin value to rise up again.

Except it does. It's one of the reasons for the recent all time high. People were moving their alts into bitcoin to get more free coins from the fork. That translates to higher demand, and consequently higher value.

[Paranuatu]

Segwit might have been a way to pump the value, because the thought of free coins attracted many new customers (though most value pump came from the hype)

[setifien19]

There won't be a x2 fork , no free coins ( I think we should expect everything with cryptos)

[Naman1111]

I think btc should correct a bit since it has been pumped for airdrop. Also BCH will pump. Since 14 nov we will have future market things will swings a bit in the beggining and then stabilise.

[schyter]

https://twitter.com/BitcoinGhana/status/928535453871034368

[adrianto1995]

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?


You can vote if you were for or against it here : https://twitter.com/cryptoassetnews/status/928439080714670080

segwit2x cancelled ?
hmm, its ok no problem with me because i didn't bought bitcoins anymore to get free coins
i hope altcoin price will pump again soon....  

[batang_bitcoin]

There won't be a x2 fork , no free coins ( I think we should expect everything with cryptos)

It's fine that there will be no free coins, there is still hope with alt coins you just have to invest on it.  And because of the cancellation of the Segwit2x many investors now will not worry about this split and division of the miners and the support from the community. The battle now between bitcoin against bitcoin cash is the one that we should look between the rally of btc's. The price now is going up to the moon, just keep on holding your bitcoins.

[TheGodson]

Honestly guys, I'm actually fine with the cancellation of the B2X coin. I was somewhat looking forward to dumping my B2X for some extra BTC, but overall I think the fork would have done more bad to the bitcoin community than good. I also don't have to deal with the stress of trying to sell my B2X before the price would have plummeted.

[squatter]

Segwit2x seems unacceptable, which is why the BTC goes to the moon?

BTC already went up a lot now looks alt coins turn.

I disagree. For a long time I was debating whether or not Bitcoin would be THE cryptocurrency and now I'm certain it will unless something drastic happens. As the distance between Bitcoin and the alt coins increases it will attract the majority of the money, talent & interest needed to propel it forward. The cancellation of Segwit2x gives both sides of the debate a chance to work together to find a reasonable compromise to scale bitcoin and that may or may not be a sidechain or blocksize increase.

I think that the Bitcoin/altcoin relationship is not so binary. The pattern is cyclical. Under the right conditions (stability/sideways-up price movement in the Bitcoin market), money tends to flow into altcoins for three reasons: 1) Some BTC buyers buy in to enter altcoins/tokens specifically. 2) Others eventually looks for ways to spend or invest their BTC, including buying altcoins/tokens. 3) Both of these activities lessen the amount of available BTC supply on the exchanges, driving prices upwards.

In addition, altcoins act as testbeds for BTC. Segwit was implemented on multiple altcoins before it was finally activated on Bitcoin, and I think that helped it gain wider acceptance. I think the relationship is quite symbiotic.

[Searing]

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

bitcoin core will continue to be the main flavor of BTC..and likley will start pushing lighting stuff

I would think the price would stay above 6k on such news......and that price will continue to creep up on adoption

my fear with this fork is you would have had something like 15% BCH and 40% BCT and 45% segwit2x+2mb

thus no 'flavor' would have 51% and people would then see THREE YEARS OF NO SOLUTION ON SCALING AND BLOCK SIZE PATH

that imho, would have sunk in and drove BTC price down to less than 4k or more imho

NOW, there is consensus (for the near future) thus......the only thing in BTC's way now is no longer 'internal' strife of a major note

but just the usual , adoption and real world FUD

I expect the Alts bucket to fill up for a bit ....catch up ..and then hopefully, btc will pump to 10-11k as folk state by say March 1st 2018

[coinspam]

It's good news as it will send BTC even higher. It shows that BTC is the one an king of kings.