B2X has been cancelled. What does that mean for Bitcoin?

The Bitcoin 2X fork has been cancelled today. What does this mean for Bitcoin (BTC)? Well several points need to be considered. First, the cancellation of of the 2X fork shows the resilience of the legacy chain Bitcoin, BTC. B2X was an attempt to hijack Bitcoin by a group from the New York agreement meeting back in May of this year. For more information read this post https://steemit.com/bitcoin/@jetblake/segwit-2x-is-a-trojan-horse-to-hijack-bitcoin.

The fate and future of Bitcoin should never be decided by any individual, group of individuals or corporate interests such as miners or exchanges. B2X could have threatened the hashing power of BTC and tried to claim they were the original Bitcoin. Well, this challenge has been put to rest for now. What should we expect now that this news is out?

Perhaps we will see a slight pull back on the pricing of BTC. Many may have purchased BTC in anticipation of getting "free" coins from the fork. Since this fork is not happening, many may sell their BTC or a portion of to go back into the Alt coins. The price of Alt coins have suffered the last two weeks as money has been pulled from their market share to go into BTC. Now that the BTC drama has subsided, we may see a "sloshing" in the crypto market of BTC money going back into the Alt coins. We will see if this is true in the next few days or weeks.

Supporters of the original legacy Bitcoin, BTC need to stay vigilant. BTC will be subject of future attacks, probably indefinitely. BTC has many enemies from the old school corrupt monetary system who will never stop to try and destroy BTC. Bitcoin cash or BCH may come out as the victor of today's decision to cancel the B2X fork. Prior to today, B2X claimed to have 80% plus support from minors to mine the B2X nodes. This 80% would have left mining BCH to mine the new B2X chain. Now BCH stands to maintain mining support with BCH and BTC being the only two viable Bitcoin chains in existence. Once again, time will tell the outcome. Let us watch the crypto market over the next few weeks to see how the hash power of the miners play out. How much of the mining power will support BTC or BCH?

In conclusion, we have learned that BTC is strong and resilient. We should also have a long term hold strategy for BTC. Do not get involved in crypto, thinking you will make quick profits. Patience is the proper quality to have in this new Fin Tech block chain industry. Those that are focused and understand the future of Bitcoin and the rest of the crypto market will do fantastic. Millionaires and billionaires of the future exist right now in this space. Will you be one of them? The answer could be yes if you play your cards, I mean crypto's right.