SW2x cancelation will crash Bitcoin

[kwukduck]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

[Bardman]

You are looking at bitcoin the wrong way. People that bought bitcoin, did so just to get free money with the fork, 99% of bitcoin holders don't care whatsoever about bitcoin technology, they just want to be rich, speculate. It's not going down, not to 3k at least. It will surely drop a bit but it's almost 24 hours after the cancelled fork and the price is pretty much the same. Even if it drops 1-2k it would still be at 5k and even at 3k it's still a lot considering it got there in merely months.

Also SW2x was not bitcoin's hope. We do need a solution for scaling but clearly SW2x wasn't the one. A lot of people viewed SW2x as a threat, not a solution. There are other possible solutions that will hopefully be implemented in the near future but for now bitcoin is going to be the same. I know people that owned a good amount of bitcoins and they didn't even know about the fork. Bitcoin is an ''investment'' right now, almost no one uses it as currency, everyone is buying to get rich fast.

[Kronos21]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

You are not right. Of course I support the idea of increasing block size. But I do not believe that it will greatly affect the price of bitcoin. Such prices as you call it is fantastic. The miners did not support segwit2x because of their greed. If you start such a fall in prices they can easily stop. The same greed will not allow that to happen.

[vroom]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

don't be sad, you still have bitcoin cash. this shit is the best scaling altcoin ever. it's also so much cheaper then bitcoin, people love it.

[somac.]

hahaha.. kwuckduck. Bitcoin's biggest loser resurfaces. Don't ever change man, I love knowing that you are making no money in the crypto space, while so many other people are.

[Vyazhan]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

don't be sad, you still have bitcoin cash. this shit is the best scaling altcoin ever. it's also so much cheaper then bitcoin, people love it.

Or you could just use Litecoin instead....faster blocks and well established

[iamTom123]

You are looking at bitcoin the wrong way. People that bought bitcoin, did so just to get free money with the fork, 99% of bitcoin holders don't care whatsoever about bitcoin technology, they just want to be rich, speculate. It's not going down, not to 3k at least. It will surely drop a bit but it's almost 24 hours after the cancelled fork and the price is pretty much the same. Even if it drops 1-2k it would still be at 5k and even at 3k it's still a lot considering it got there in merely months. Also SW2x was not bitcoin's hope. We do need a solution for scaling but clearly SW2x wasn't the one. A lot of people viewed SW2x as a threat, not a solution. There are other possible solutions that will hopefully be implemented in the near future but for now bitcoin is going to be the same. I know people that owned a good amount of bitcoins and they didn't even know about the fork. Bitcoin is an ''investment'' right now, almost no one uses it as currency, everyone is buying to get rich fast.

There are those who predicted that had SegWit2x not cancelled, it would result into some sort of a chaos and can even be the one to enforce a big crash on Bitcoin. In other words, it is just fortunate that it was eventually cancelled as it was not actually the right solution that the whole Bitcoin community is looking for. In fact, there are many well-known cryptocurrency personalities who started a campaign to block the implementation of the planned SegWit2x and they cited many valid reasons for that.

It is quite funny for OP to be predicting an unbelievable big crash suggesting that soon Bitcoin can reach as low as $2,500 level just because the scheduled hard fork is now gone for good. I think it would be really be the other way around. As of press time, Bitcoin is having some corrections but it can soon be bouncing back and there is a big possibility that it might try to win over the $8,000 level though am predicting it can stay within the range of $7,500 for some time before making any real surge ahead.

[BTCLovingDude]

i was thinking about possibility of some correction now that there is talk of SegWit2x cancellation but now that i have read this topic and also based on kwukduck's past history i am starting to think that other topic in this board saying "$10,000 by the end of 2017 is guaranteed" is not looking silly anymore. so thanks kwukduck

and thinking more about it, i can see how that can be possible since nobody is in panic mode because of the fork and possibility of any split is not 100% eliminated.

[error08]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

Probably not, 99%.
Bitcoin price will increase towards $7500 again and reach $8000.
If bitcoin price drop back, it won't fall further than $5500.
There is no reason for bitcoin price decline at this point, 2x suspending is not a big deal as segwit could afford current transactions.

[YuginKadoya]

Here we go again! A notable FUD for kwukduck, always kwaking nonsense, it is not kwukduck if it is not about FUD, we are just experiencing the correction of the pump that we are seeing right now and I think we will be having a drop sooner or later but not as the duck have predicted right here, I am use to the duck always spitting some FUD whenever bitcoin have a Hard Fork, or bitcoin value moving unpredictably.

[1Referee]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope.

Bitcoin has Segwit already implemented, so there is nothing that we need for now, other than Lightning Network eventually. S2X was nothing more than a tool for a bunch of greedy tards to exploit Bitcoin in an attempt to make millions in profits instantly. You know that, I know that, all people with a functioning brain know that. S2X is nothing more than a redundant piece of garbage.

People will look for scaleable alternatives again as they did before.

People are free to move to any other shitcoin that this market counts. No one forces anyone to stick with Bitcoin, but yet they continue to stay.

We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.

In other words, you have sold every satoshi that you own? Mind showing some screenshots, just to make sure you put force behind your (empty) statements?

[afbitcoins]

Dash is waiting to pick up where bitcoin left off.

[nidacoinlove]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

Segwit2X is only delayed at the moment mate. It doesn't mean that it's not gonna happen, it will definitely happen but will take some time with more strong protocols. The price fall mean while we are expecting is basically the flashback for what people were holding bitcoin and were not converting them into fiat to get extra bitcoin2x as announced by the exchanges. The bitcoin sales is crowded at the moment which will take a week to get back to a rest situation which will bring bitcoin price up again.

[Vyazhan]

Dash is waiting to pick up where bitcoin left off.

With an instamined, insecure anonymous transaction network that extracts rewards from miners to fill the pockets of early adopters? no thank you

[Samarkand]

...S2X was nothing more than a tool for a bunch of greedy tards to exploit Bitcoin in an attempt to make millions in profits instantly. You know that, I know that, all people with a functioning brain know that. S2X is nothing more than a redundant piece of garbage.
...

Have you considered the possibility that they already made millions in profit even if the fork isn´t going to happen? Many people, who bought
S2X futures on certain exchanges weeks ago will receive nothing now and will see their futures expire worthless or for a fraction of the original value.

https://coinmarketcap.com/currencies/segwit2x/

Some people, who sold these futures with the insider knowledge that the fork will be cancelled probably profited immensely
from this. Additionally, the exchange operators probably made huge gains as well (probably insider trading as well and of course
through trading fees).

It would be interesting to know since when the people, who signed the recent message regarding the fork knew that the fork
was never going to happen.

[InvoKing]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

The duck has spoken! No mercy, take your sites boys, Bitcoin will RISE and pass the $8000 barrier before the end of November

[nydiacaskey01]

SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future,  we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

Even without Segwit or hard fork, Bitcoins price will go up and that's because of the increasing demand due to more and more people are getting interested with Bitcoins. People nowadays see Bitcoin as a good investment rather than an alternate to Paypal. A pull back or correction will be felt but I see no reason for Bitcoin to crash or dive to $3,000 USD.

[BrewMaster]

It would be interesting to know since when the people, who signed the recent message regarding the fork knew that the fork
was never going to happen.

people who signed the message in the mailing list of SegWit2x are the ONLY reason why people are saying the fork is not going to happen or canceled! there were no other indications. of course apart from ViaBTC now signalling for bitcoin cash instead of NYA but i think that happened after the email was released.

and all about this can be considered as good news in my opinion. now there is no risk of any kind of split as it was before.

[Lukochuri78]

No, I think we will find a little dump near around 6000 usd. then It will Hit again. I expect around 10000 usd during this year.

[Rozita]

I don't think so and I expect even higher prices than current price in coming days. Now there are a lot of bitcoin holders that really believe it. They no longer panic after such news. They hold bitcoins and cause the price to rise very much.