๐ฅ๐ฅ๐ฅ๐ฅ BREAKING NEWS: SEGWIT2X CANCELLED?!?!?! ๐ฅ๐ฅ๐ฅ๐ฅ Hard-fork is ABORTED!! ๐ฅ๐ฅ๐ฅ๐ฅ
Oh my god! It looks like Segwit2X is CANCELLED! A post by Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik Voorhees is making it's rounds and they are withdrawing their intentions to split Bitcoin into BTC and Segwit2X.
This is crazy and somewhat unexpected news! What will this do to the markets?! Everybody who bought in for S2X coins are getting none now, and all the alts are at an all-time low! Will this be the top of the Bitcoin rally for now, or not? The price actually spiked up after this news was posted!
I will keep you all up to date once we have more official news, but for the time being I will link to you the post made by Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik Voorhees.
Strap yourself in people, we are going on a crypto-rollercoaster ride!
img credz: pixabay.com
Nice, you got a 17.0% @cryptomancer upgoat, thanks to @pandorasbox
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @pandorasbox to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
I am not sure this is so surprising since there were reports that the support was no where near as strong as advertised. Either way, I thought the split was going to be failure for segwit2.
No matter, BTC will now be able to continue on its upward path after, I expect, a pullback from a sell off.
There were some rumors that it 'maybe' would be cancelled, but overall pretty much everybody was still expecting the hard fork to happen and all signs pointed to yes.
I agree, a pullback which will let altcoin catch up, then onwards to 10K
Do you have any 2-3 year projections on BTC and where you think it will be?
Pfff.. no idea. Higher, anyway. I personally believe we will see a massive crash at some point, bringing us way lower than we are now (sub-$2000) before bottoming out. After that I expect an even higher rise than today, possibly $50K ?
That is, assuming no disasterous events occur like mass banning of Bitcoin or some technical disaster. It's all speculative and guesses, really.
There is a good chance Ethereum will be bigger than Bitcoin too at some point.
Just get as much as you can of every great project and HODL !!!
Hey my friend, when you're right, you're right! You called it! Crazy....it was even showing competitive prices already on the charts while BTG didn't get a chart appearance until the day of! Good job @pandorasbox!
Well, I didn't see this coming either to be honest! I think almost nobody did! Not sure what will happen to Bitcoin price now.. I think the market is confused too!
I just stay the course with master haejin. Like EW states, news or event shall arrive to justify the count.....I was thinking, what could happen between now and the fork that would allow BTC to lose value and not crash while alts get their bull run? Well, now we know.
No, no! @haejin brings excellent insights and information, but never blindly follow anyone else's advice when it comes to investing!
The cancellation of today's fork was in no way predicted by EW, for example. It's impossible. Technical analysis is a tool which should be used, but it is only a tool. Always trust your own judgement first!
Of course, I only mean he is my TA teacher. I don't buy or sell whatever he says is good or bad by any means. I work with him in a sense, and I offer my help because he has improved my ability to work TA to a much higher percentage profit ratio. He is very accurate in his probable pathway projections. Honestly, if my TA directly opposes his, we may discuss it, but almost always he has seen something I missed, and his pathway is more accurate than my own.
Also....the idea of sentiment driving the market, as well as everything, is something I subscribed to long before I met Haejin. It all fell into place learning EW to add to chart analysis. No one is perfect, as any good trader knows, but I do not discount his experience. Experience is the great teacher.
The thing about the fork being predicted or not is really an idea that doesn't connect to EW theory, as it never tries to predict any event at all. Sentiment of the people may or not have been driven by the fork or the cancellation of the fork....or maybe people had a good week at work and felt better about going back into alts....or maybe it's something that we could never put our finger on. There are so many angles and views in this world, so many events, it's really silly to try and say "this was the event EW predicted" because that is just your mind justifying the correct or incorrect discernment of the patterns. EW never predicts a fundamental event. That is a more simple way to explain that we can attach value and change of value to anything we see in our world, but things are happening everywhere in everyone's world, and the truth is, none of those things alone change the larger sentiment of all the people. There are undercurrents which cannot be defined that rule the universe, and part of the universe is math and charts. To not view it purely, and try to attach meaning to it is a fault of the human mind....rather an adaptation of the human mind that was developed for survival. Label things, compartmentalize, shift in and out of situations easier with less friction. Works for everyday life interactions, but TA is something separate from that...it is meant to be a pure, whole view of things without the personal attachment, and without a need for justification, just the the study of the data and the formulas that provide the possibilities of data to come...and from there you must really detach yourself from your wants and needs, and move with a pure nature, believing that the universe doesn't change pattern dramatically all that often, thus you choose the most probably situations to place you money in.
Oh yes, I agree his projections definitely have merit. It's just you can't depend on other people when it comes to your own financial decisions, no matter who they are they may be wrong! That's why they all tell you it's not financial advice :)
haha, sorry I edited that into a whole page after posting....but waittt THERES MOREEEE, no, actually, that's all.
O: Holy crap!
Edit: I just looked and the price was actively falling as I was on the site. Interesting to see what it will do in the next several days when the fork was supposed to happen!
Indeed, I think we are seeing the sell-off right now, and we will see Altcoins going further up again!
I'm just going to keep doing the same thing I always do. ๐
I am still hodling too, of course! I am looking to sell pretty much all my crypto's for Bitcoin at some point. Neo is the only one I have real trouble with letting go, I will probably hold on to it for the longest of all
This Post Has Been Quality Verified By @steemthat Promotion Services. This post has received a 50.00 % upvote from @steemthat Return the favor and SteemThat Person Back: @pandorasbox.