Post
Topic
Board Trading Discussion
Re: Cancellation of Segwit2x and it's effect on BTC value
by
peter0425
on 13/11/2017, 19:12:23 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?

By now we already saw what happened to the price, it goes down after the Segwit2x cancellation. However, there are factors that really brought down the price. The bitcoin cash entities started to create FUD saying that they are the real bitcoin. People believed in them, causing the price to plummet below $5K. Its a s deliberate attack from the other side. Although the price of bitcoin has recovered since the attack.

If you can just wait for a little bit then do it before going to altcoin. This last few days have been very difficult to decide whether to stick to bitcoin, follow them with bitcoin cash, or stay to our beloved altcoins. Just give another couple of days before deciding what options are better. Its a hell of a roller coaster ride.