Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: val on November 08, 2017, 08:25:24 PM
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The suspension was announced by SegWit2x project lead Mike Belshe in an email distributed to the SegWit2x mailing list, but it also bore the signatures of Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith, and Erik Voorhees. Interestingly, the statement was not signed by Barry Silbert, whose Digital Currency Group was instrumental in organizing the New York Agreement (NYA) that set SegWit2x into motion.
The agreement had called for both the activation of Segregated Witness (SegWit) and an increase in the blocksize to 2MB. SegWit activated earlier this year, although it is debatable what role the NYA played in its implementation. However, the blocksize increase never achieved consensus, and the debate became increasingly vitriolic as the approximate November 16 date for the hard fork approached.
At this point, nearly everyone was resigned to a scenario in which Bitcoin would split into two competing blockchains. However, those fears were dashed on Wednesday, as Belshe shared that the developers and promoters of the protocol upgrade were concerned that activating the hard fork could prove to be a “setback to Bitcoin’s growth.”
How it will infuence Bitcoins price? What do you think?
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The bitcoin price’s spike to $7,899, subsequent crash to $6,977, and eventual recovery to a present value of $7,176 bear witness to this conflict between traders — who prioritize short-term profits — and investors, who are primarily concerned with long-term growth. Expect volatility as the market continues to sort out the impact of SegWit2x cancellation.
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Bitcoin Segwit2x is already called off due to lack of consensus. With segwit2x called off more money is going to move into alts from BTC, so this can pretty cause the price of BTC to dip. Fork has been the major reason for the bull price in crypto this year. We should expect around like $6k as BTC price
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Bitcoin Segwit2x is already called off due to lack of consensus. With segwit2x called off more money is going to move into alts from BTC, so this can pretty cause the price of BTC to dip. Fork has been the major reason for the bull price in crypto this year. We should expect around like $6k as BTC price
I do not think that the price of bitcoin will now go down. Perhaps it will remain within 7,100 - 7,300 dollars. But there will not be a strong fall