Post
Topic
Board Speculation
Re: SW2x cancelation will crash Bitcoin
by
CoinsCoinsEverywhere
on 10/11/2017, 00:41:46 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.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.
I disagree.  I think that the uncertainty over possible chaos with the segwit2x fork has been holding bitcoin back.  I, too, want to see cheaper and faster transactions, but given how the whole NYA went down, it seemed to me like the only good outcome of the fork would have been if segwit2x turned into another alt coin.  If it had taken over BTC, I think that a lot of trust would have been lost since there wasn't community consensus.  I was for the segwit2x changes but against the manner in which they tried to make them.