Update Bitcoin : How SegWit2x Intention increased a lot in couple of days.

in #cryptocurrency7 years ago

Hey Guys,

Today I'm talking about the up-coming of SegWit2x in November 18th.

SegWit2x_Inches_Closer.jpg

I made an article couple of days ago regarding the chance of Bitcoin currency to split in 2 when SegWit2x will come (if the community will not find a consensus). At this time, it was likely in favour of Bitcoin being split in 2 major parts.

But now, as always in the crypto crazy-world, things changed and a lot of miners joined the SegWit2x intention movement.
I'm using data from : https://coin.dance/blocks

Screen Shot 2017-09-25 at 12.20.24.png

Screen Shot 2017-09-25 at 12.19.40.png

In SegWit2x Intention, the blue segment represents the Bitcoin mining network supports : it is up to 93.9%
The emergent consensus is only about 31.7%.

The numbers of blocks mined today into SegWit2x increased even better than that :

Screen Shot 2017-09-25 at 12.20.19.png

As you can see, today, 97.2% of blocks mined supported SegWit2x.

Screen Shot 2017-09-25 at 12.21.28.png

Until the 18th of November, there are 2 different directions that Bitcoin could take :

  • either all the miners will support SegWit2x and we will see Bitcoin price skyrocket.
  • or few miners will stick to the old technology and create a hard fork but in way smaller proportion than I thought (and smaller than Bitcoin Cash). Which means the market will not crash as much as I though if that happens.

I'm confident now that SegWit2x will be adapted by all of them.

It doesn't mean the market will be safe as at the end of October, China will make big noise again. Why? Because of that :

https://steemit.com/cryptocurrency/@jlcrypto/reasons-why-the-crypto-currency-market-could-go-down-heavily-in-october-november

(Focus on the Chinese reason and not on SegWit2x anymore)

What do you think guys about SegWit2x ?
Do you think all miners will support the new technology ?

Thanks for reading
Joris

Sort:  

What do you think guys about SegWit2x ? Good.
Do you think all miners will support the new technology ? No.

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