Post
Topic
Board Speculation
Re: why BTC price could still hold after the Segwit2x cancellation?
by
Cranidos
on 08/11/2017, 23:31:32 UTC
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?

I've read an article days ago that some miners are withdrawing their support for the SegWit2x hardfork. This may be the reason for that. SegWit2x hardfork lacks support and consensus. How can it proceed when they lack support, right? So they cancelled it since it will be a chaos if they continue.

The price is exceptionally surprising, though. When Bitcoin declined earlier, around $500, I thought it will continue lower than 7,000 but it held up. It seems people are happy holding at the moment.