Post
Topic
Board Trading Discussion
Re: Cancellation of Segwit2x and it's effect on BTC value
by
shamzblueworld
on 09/11/2017, 07:16:40 UTC
So i just read that the controversial segwit2x upgrade was just cancelled.
Reference link: https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/

I'm curious to hear what people here think of this and it's effect on bitcoin price.
Is it time to go back to altcoins maybe? Or will this solidfy bitcoin position?

I think more than affecting the bitcoin value, this will definitely raise altcoin values. Now that people know that there is no fork comping, they will start investing in alts for profit, hence altcoin values may rise exponentially.
BTC value may go slightly down but it won't dive down too low. I think it will remain in 7-7.5K range.