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Author Topic: why BTC price could still hold after the Segwit2x cancellation?  (Read 747 times)
oegarod
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November 09, 2017, 01:00:35 PM
 #21

The lack of support from the miners might be the reason for the cancelation of segwit2x which has been scheduled long back. Right now the price has got withhold, which means that the impact of the cancelation hasn't affected the growth. Situations might change further while getting close to the days scheduled.

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Klausi
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November 09, 2017, 01:24:57 PM
 #22

Yes, Segwit2x was canceled. Still, the price of BTC holds up and the alts bumped and now down again.
Do you think BTC price will keep going up still?

It is so early to conclude for now because postponement was just declared yesterday in which many are still dont know about the declaration but i noticed that altcoins price value are now slowly increasing but we dont know if this change is related to the cancellation of Segwit2X lets just wait more and see.

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November 09, 2017, 01:52:00 PM
 #23

I think that the price of bitcoin is nothing compared to the problem bitcoin is not solved. If the issue prices of small transactions will be resolved we will be able to use bitcoins to trade in goods. It can stimulate the development of bitcoin and increase the price of the coin is much more than the fork all together. Sometimes you need something to sacrifice to achieve victory in the future.

You're just pointing at the fact that the fees are still too high when it comes to lower valued transactions, but that's something even the larger block fork wouldn't solve. Blocks being a certain size doesn't necessarily mean that the miners will include all transactions just to fill up their block, it doesn't work like that. If your aim is to see Bitcoin be an ultimate tool for micro transactions, you'll need to have more patience. Lightning Network will take some time before it will be something the general public gets to use. How much time is impossible to say for an outstander, so you'll just need patience (i.e wait it out).

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November 09, 2017, 11:10:37 PM
 #24

The market is getting better but the price remains volatile for a lot of reasons. The pricing has been unexpected ever since its release. The price might hold at some point and eventually be corrected. $8000 by December? No one really knows for sure.

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November 10, 2017, 01:15:10 AM
 #25

Perhaps the buying was not directly Segwit-2x related. We humans tend to attach much more weight to our own perceptions of reality that warranted. If price remains stable right after cancellation (or call it: postponement because the underlying problem of scalability has not been solved), good for us.
I think that the price of bitcoin is nothing compared to the problem bitcoin is not solved. If the issue prices of small transactions will be resolved we will be able to use bitcoins to trade in goods. It can stimulate the development of bitcoin and increase the price of the coin is much more than the fork all together. Sometimes you need something to sacrifice to achieve victory in the future.
I think we do need cheaper and faster transactions, but the NYA was not the way to go about it.  If segwit2x had happened and become the dominant bitcoin fork, we would have had those things, but I think we would have paid a huge price in terms of trust in the crypto.  If a segment of the community can come along and usurp bitcoin once--implementing their own changes without broad consensus--what's to stop them from doing it again in the future?  These changes might have been very good in the short term, but the precedent would have been bad.


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howard.ashoul
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November 10, 2017, 04:15:44 AM
 #26

Cancelation of segwit2x are bad news from my point of view.  Embarrassed

We need lower fees, quicker transactions. Once that happen, there will be more uses for BTC and it will have bigger chance to became popular.

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November 10, 2017, 05:03:20 AM
 #27

Yes, Segwit2x was canceled. Still, the price of BTC holds up and the alts bumped and now down again.
Do you think BTC price will keep going up still?

well the thing is investors will feel more comfartable without the fork scheduling to happen obviously since there is still this sort of view that bitcoin is as a whole community and not divided into two distinct factions.

Therefore, price will get pumped hard because of this.

I would assume that price will reach $10k this year probably and next year, potentially 12k. But after that once the fork is all happened and done, the price could potentially adjust.














 

 

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ArnoldChippy
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November 10, 2017, 11:20:48 PM
 #28

Yes, Segwit2x was canceled. Still, the price of BTC holds up and the alts bumped and now down again.
Do you think BTC price will keep going up still?

well the thing is investors will feel more comfartable without the fork scheduling to happen obviously since there is still this sort of view that bitcoin is as a whole community and not divided into two distinct factions.

Therefore, price will get pumped hard because of this.

I would assume that price will reach $10k this year probably and next year, potentially 12k. But after that once the fork is all happened and done, the price could potentially adjust.
Obviously it will be facilitation to the market and to the whole community but if it happens like this then most probably the whales will not be happy with it. They want the community to live in a chaos so that they could have the best hold of the bitcoin. If things get to be going smooth then there will be no panic and no panic will refer to a zero panic selling like as it happened in the last fork a few weeks ago. This smooth situation is not the target of the stake holders. In such a situation the price will be in a continuous upwards position on the graph which will definitely reduce the profit margin of the whales which are none others then the so called stake holders of the bitcoin. They are a small group of a few people but dominant on hundreds and thousands of common people of the bitcoin community. They will never want a common person to have a profit like them, therefore; they do the tricks which are kept out of the reach of a common user while they loot the people’s money.



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