Post
Topic
Board Speculation
Re: SW2x cancelation will crash Bitcoin
by
2double0
on 09/11/2017, 19:21:48 UTC
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.

What made you feel like that? Scaleability? S2X was a hope? Nope. S2X was just another plan like BCH (in my views) and everybody wanted it for free coins, nothing else as they don't know what scaling is, they are just in for free money. And by the way, Bitcoin has already managed to scale the transactions and fees way better than it used to, after having SegWit into effect which helped it compress the transactions to include more of them and confirm faster with lower* fees.

* = Depends on a per-transactions basis.

Quote
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.

Nobody wanted S2X IMHO, so where's their hope diminished? Isn't it still there?
It will not go under 6k, mark my words.