B2X Fork - Bitcoin Segwit 2X Revived

Forking to Segwit2X as an alt-coin which seems to be the proposal in the latest revival of Segwit2X, is basically a profiteering endeavor. Whenever bitcoin forks, capital is created from nothing as a new alt-coin is created, carrying a sizeable market capitalization among other cryptos. It causes a squeeze on standard bitcoin, making the price soar, and then also creates an alt-coin that some people believe has value due to its wide dissemination and marketing.

From this behavior, billions of dollars can be invented from nothing, without billions of dollars invested. This capital creation maneuver is new to the world of investing. There are certainly long-term consequences to this type of investment scheme, but within the short-term, market participants are too green to see free coins as a negative event.

Date to watch: December 28, 2017 ... block 501451

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Fundamental Price Driver Higher

In my last post, I gave a technical analysis of what I was seeing in the chart. The chart favors a short-term bearish perspective, but due to this event which is cycling through news today, I will just revise my perspective. This news event should be able to override a downtrend and push BTC higher.

It is hard to think BTC will just push higher after soaring to 19k, but experience has to trump feeling. Every other BTC fork situation created new all-time highs.

B2X Website Info: http://b2x-segwit.io/?utm_source=livebitcoinnews

Source: http://www.livebitcoinnews.com/segwit2x-revival-will-happen-soon/