Segwit 2X Cancelled - Bitcoin Surges ahead - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > WallStreetBets > CryptoCurrency

CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

Reply
 
Thread Tools
  #1  
Old 11-08-2017
slokor's Avatar
Executive [VIP]
 
Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 8%
Longevity: 91%
iTrader: (90)
Default Segwit 2X Cancelled - Bitcoin Surges ahead

Looks like the Segwit2X Hard fork has been cancelled (Thank goodness):
https://www.coindesk.com/2x-called-o...ack-consensus/
A direct result is a sharp drop in the futures prices of B2X futures and a sharp increase in the price of Bitcoin which has already crossed $7800 and is currently at over $7700.
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
The Following User Says Thank You to slokor For This Useful Post:
GreenBean (11-09-2017)
The complete step-by-step guide to get back to selling today!

  #2  
Old 11-08-2017
Senior Member
 
Join Date: Aug 2012
Posts: 6,123
Thanks: 1,110
Thanked 1,655 Times in 1,333 Posts
Activity: 0%
Longevity: 67%
iTrader: (38)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Woah, didn't see that coming. I would of thought it would still go through regardless of backing!

Good Shout.

P.S. Slightly annoyed! I was looking forward to free money. Though B2X are now worth a mere $248.04 (huge drop compared to their $4k high).

Last edited by Play; 11-08-2017 at 01:11 PM.
Reply With Quote
  #3  
Old 11-08-2017
nate's Avatar
Senior Member
 
Join Date: Jul 2016
Posts: 990
Thanks: 169
Thanked 411 Times in 269 Posts
Activity: 4%
Longevity: 44%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

You beat me to it... This is good.... I'm feeling better about my decision to go all in a few days back.

https://lists.linuxfoundation.org/pi...er/000685.html



"The Segwit2x effort began in May with a simple purpose: to increase the
blocksize and improve Bitcoin scalability. At the time, the Bitcoin
community was in crisis after nearly 3 years of heavy debate, and consensus
for Segwit seemed like a distant mirage with only 30% support among miners.
Segwit2x found its first success in August, as it broke the deadlock and
quickly led to Segwit’s successful activation. Since that time, the team
shifted its efforts to phase two of the project - a 2MB blocksize increase.

Our goal has always been a smooth upgrade for Bitcoin. Although we
strongly believe in the need for a larger blocksize, there is something we
believe is even more important: keeping the community together.
Unfortunately, it is clear that we have not built sufficient consensus for
a clean blocksize upgrade at this time. Continuing on the current path
could divide the community and be a setback to Bitcoin’s growth. This was
never the goal of Segwit2x.

As fees rise on the blockchain, we believe it will eventually become
obvious that on-chain capacity increases are necessary. When that happens,
we hope the community will come together and find a solution, possibly with
a blocksize increase. Until then, we are suspending our plans for the
upcoming 2MB upgrade.

We want to thank everyone that contributed constructively to Segwit2x,
whether you were in favor or against. Your efforts are what makes Bitcoin
great. Bitcoin remains the greatest form of money mankind has ever seen,
and we remain dedicated to protecting and fostering its growth worldwide.


Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees"

Last edited by nate; 11-08-2017 at 01:18 PM.
Reply With Quote
  #4  
Old 11-08-2017
slokor's Avatar
Executive [VIP]
Threadstarter  
 
Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 8%
Longevity: 91%
iTrader: (90)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

That's exactly it - without replay protection it would not have been a 'free money' type of fork. It would have been more of a split that would have caused chaos to both chains and would have resulted in loss of trust in both.
Very happy that this is not going to happen.
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
  #5  
Old 11-08-2017
Senior Member
 
Join Date: Jan 2017
Posts: 202
Thanks: 7
Thanked 38 Times in 29 Posts
Activity: 0%
Longevity: 41%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Neo could return to its September high of 37. My plan was to dump my BTC for Neo right after the fork. Looks like I got to take a gamble now.

https://coinmarketcap.com/currencies/neo/#charts
Reply With Quote
  #6  
Old 11-08-2017
Senior Member
 
Join Date: Aug 2012
Posts: 6,123
Thanks: 1,110
Thanked 1,655 Times in 1,333 Posts
Activity: 0%
Longevity: 67%
iTrader: (38)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

ouch btc dropping from all time highs... i knew this would happen. i'll probably buy back in at $7k, what do you think?
Reply With Quote
  #7  
Old 11-08-2017
Senior Member
 
Join Date: Jan 2013
Posts: 2,821
Thanks: 1,325
Thanked 912 Times in 562 Posts
Activity: 0%
Longevity: 65%
iTrader: (337)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

I think money will be moving into alts for a few days maybe a week, 7K is likely/possible, but I don't think it will go much lower than that.
Reply With Quote
  #8  
Old 11-08-2017
slokor's Avatar
Executive [VIP]
Threadstarter  
 
Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 8%
Longevity: 91%
iTrader: (90)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Well it went down to $7078 then bounced again.
Nice rollercoaster we're on at the moment.
Dont know if itll go that low again but who knows...
All I know (or rather believe) is that longer term (in Bitcoin terms of course) itll shoot up over $10k by early next year.
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
The Following User Says Thank You to slokor For This Useful Post:
GreenBean (11-09-2017)
  #9  
Old 11-08-2017
Senior Member
 
Join Date: Aug 2012
Posts: 6,123
Thanks: 1,110
Thanked 1,655 Times in 1,333 Posts
Activity: 0%
Longevity: 67%
iTrader: (38)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

If it goes back to 7.1k, i'll buy back in. I was debating whether to do it or not, but with things this volatile you don't have time to ponder. You've got to plan ahead!

$10k by end of Jan 18, easy.
Reply With Quote
The Following User Says Thank You to Play For This Useful Post:
GreenBean (11-09-2017)
  #10  
Old 11-08-2017
Senior Member
 
Join Date: Jan 2017
Posts: 202
Thanks: 7
Thanked 38 Times in 29 Posts
Activity: 0%
Longevity: 41%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Quote:
Originally Posted by elmo View Post
I think money will be moving into alts for a few days maybe a week, 7K is likely/possible, but I don't think it will go much lower than that.
The money has been moving into alts since 11/5:

I hope it's not too late, but I would put all my money in the top 10 alts until the trend reverses.

BTC Price _ Coin Market Cap _ BTC Market Cap _ BTC PCT of market cap _ Alt market cap _ Alt PCT of market cap _ Date


7552 _ 201.0 _ 125.9 _ 0.626 _ 75.1 _ 0.374 11/05/17
7323 _ 198.3 _ 122.0 _ 0.615 _ 76.3 _ 0.385
7276 _ 197.3 _ 121.3 _ 0.615 _ 76.0 _ 0.385
7314 _ 198.0 _ 121.9 _ 0.616 _ 76.1 _ 0.384
7383 _ 199.5 _ 123.1 _ 0.617 _ 76.4 _ 0.383 11/06/17
7144 _ 196.1 _ 119.1 _ 0.607 _ 77.0 _ 0.393
7023 _ 193.8 _ 117.1 _ 0.604 _ 76.7 _ 0.396
7107 _ 195.5 _ 118.5 _ 0.606 _ 77.0 _ 0.394
7180 _ 197.2 _ 119.7 _ 0.607 _ 77.5 _ 0.393
7078 _ 195.1 _ 118.0 _ 0.605 _ 77.1 _ 0.395 10/07/17
7099 _ 195.9 _ 118.3 _ 0.604 _ 77.6 _ 0.396
7134 _ 197.0 _ 118.9 _ 0.604 _ 78.1 _ 0.396
7245 _ 199.4 _ 120.8 _ 0.606 _ 78.6 _ 0.394
7338 _ 201.3 _ 122.3 _ 0.608 _ 79.0 _ 0.392
7417 _ 203.0 _ 123.6 _ 0.609 _ 79.4 _ 0.391
7498 _ 205.0 _ 125.0 _ 0.610 _ 80.0 _ 0.390 10/08/17
7724 _ 209.2 _ 128.8 _ 0.616 _ 80.4 _ 0.384
7392 _ 205.8 _ 123.2 _ 0.599 _ 82.6 _ 0.401
7225 _ 203.5 _ 120.4 _ 0.592 _ 83.1 _ 0.408
Reply With Quote
  #11  
Old 11-08-2017
Senior Member
 
Join Date: Jan 2017
Posts: 202
Thanks: 7
Thanked 38 Times in 29 Posts
Activity: 0%
Longevity: 41%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Anyone catch the buy wall of ADA Cardano at 313 Sats this morning? It went up 50% today before falling back to around 30%. That must have been in response to the news. But the order was never actually fulfilled. Not sure if this group was already staking ADA and did that purposely hoping the price would surge.

https://bittrex.com/Market/Index?MarketName=BTC-ADA
https://www.reddit.com/r/cardano/com..._430_btc_wall/

Last edited by duffrageous; 11-08-2017 at 11:42 PM.
Reply With Quote
  #12  
Old 11-09-2017
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Quote:
Originally Posted by Play View Post
If it goes back to 7.1k, i'll buy back in. I was debating whether to do it or not, but with things this volatile you don't have time to ponder. You've got to plan ahead!

$10k by end of Jan 18, easy.
Yep, you have to be in, for sure.

Bring ON THE new Year

Reply With Quote
  #13  
Old 11-09-2017
Senior Member
 
Join Date: Jan 2017
Posts: 202
Thanks: 7
Thanked 38 Times in 29 Posts
Activity: 0%
Longevity: 41%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

ADA is still going up. https://bittrex.com/Market/Index?MarketName=BTC-ADA

Alt market cap is still climbing while BTC has stabilized. I wish I had a breakdown by the top coins and group of coins.

80.0b 11/8
80.4
82.6
83.1
83.0
83.1
82.6
82.9
83.7
85.2
84.2 11/9
86.6
87.3

% of total market cap:

0.39 11/8
0.384
0.401
0.408
0.409
0.404
0.401
0.401
0.406
0.409
0.412 11/9
0.42
0.421
Reply With Quote
  #14  
Old 11-10-2017
Senior Member
 
Join Date: Jan 2017
Posts: 202
Thanks: 7
Thanked 38 Times in 29 Posts
Activity: 0%
Longevity: 41%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

If you were in a bubble last night(sorry for not posting this last night), Bitcoin Cash(bcc) started to make a run while other alts started to slump along with Bitcoin(btc). The trend continued this morning down to about 6800 USD for btc before just now reversing. The trend could flip back any time now. It's a battle between the alts, BCC, and BTC.

https://bittrex.com/Market/Index?MarketName=USDT-BTC
https://bittrex.com/Market/Index?MarketName=BTC-BCC
https://coinmarketcap.com/
Reply With Quote
  #15  
Old 11-10-2017
slokor's Avatar
Executive [VIP]
Threadstarter  
 
Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 8%
Longevity: 91%
iTrader: (90)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Quote:
Originally Posted by Play View Post
If it goes back to 7.1k, i'll buy back in. I was debating whether to do it or not, but with things this volatile you don't have time to ponder. You've got to plan ahead!

$10k by end of Jan 18, easy.
So you buying back in?
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
  #16  
Old 11-10-2017
Senior Member
 
Join Date: Jan 2017
Posts: 202
Thanks: 7
Thanked 38 Times in 29 Posts
Activity: 0%
Longevity: 41%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Most of the money is flowing from alts and BTC to BCC plus withdrawals right now. This could be a nice correction.
Reply With Quote
  #17  
Old 11-10-2017
slokor's Avatar
Executive [VIP]
Threadstarter  
 
Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 8%
Longevity: 91%
iTrader: (90)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Sinking like a rock at the moment - about to hit $6,600.
Wonder how low itll go.
Good time for anyone looking to buy in to keep an eye on things.
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
  #18  
Old 11-10-2017
aspkin's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 11,372
Thanks: 3,072
Thanked 4,228 Times in 1,792 Posts
Activity: 4%
Longevity: 100%
iTrader: (24)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Good buying opportunity coming up.

I'll start buying at 6.5k.
__________________
Reply With Quote
  #19  
Old 11-11-2017
Senior Member
 
Join Date: Aug 2012
Posts: 6,123
Thanks: 1,110
Thanked 1,655 Times in 1,333 Posts
Activity: 0%
Longevity: 67%
iTrader: (38)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Quote:
Originally Posted by slokor View Post
So you buying back in?
I bought back in at $7.1k

It has gone down to $6.3k at time of writing but I think we'll see $8k by end of year (as I initially forecasted).

P.S. I don't think it will drop below $6k. The big correction was expected, although uncertain (hence why I bought back in quickly). Expected, because BTC increased 100% value in the space of a few months, which also shows it's potential.

Last edited by Play; 11-11-2017 at 03:50 PM.
Reply With Quote
The Following 2 Users Say Thank You to Play For This Useful Post:
GreenBean (11-11-2017), slokor (11-11-2017)
  #20  
Old 11-11-2017
slokor's Avatar
Executive [VIP]
Threadstarter  
 
Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 8%
Longevity: 91%
iTrader: (90)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Quote:
Originally Posted by Play View Post
I bought back in at $7.1k

It has gone down to $6.3k at time of writing but I think we'll see $8k by end of year (as I initially foretasted).

P.S. I don't think it will drop below $6k. The big correction was expected, although uncertain (hence why I bought back in quickly). Expected, because BTC increased 100% value in the space of a few months, which also shows it's potential.
I agree wholeheartedly.
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
  #21  
Old 11-11-2017
nate's Avatar
Senior Member
 
Join Date: Jul 2016
Posts: 990
Thanks: 169
Thanked 411 Times in 269 Posts
Activity: 4%
Longevity: 44%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

Bitcoin price will be able to recover in the upcoming weeks. With CME Group and other major institutions planning the launch of bitcoin futures exchanges, a lot of institutional investors could be entering into bitcoin soon.

I read that 53% of yesterdays Bitcoin Cash trades came from the South Korean trading platforms. The majority of the remaining trades came from USD to Bitcoin Cash not Bitcoin to Bitcoin Cash.

The majority of the price correction is from the People that were invested in BTC for the air dropped coins from the Segwit2x split pulling out.
Reply With Quote
The Following User Says Thank You to nate For This Useful Post:
slokor (11-11-2017)
  #22  
Old 11-11-2017
Senior Member
 
Join Date: Jan 2017
Posts: 202
Thanks: 7
Thanked 38 Times in 29 Posts
Activity: 0%
Longevity: 41%
iTrader: (0)
Default Re: Segwit 2X Cancelled - Bitcoin Surges ahead

I believe people are trading their BTC and alts for bitcoin cash. Also, most of the miners have now switched over to BCH. Why would you mine bitcoin when the block difficulty is 10x BCH but BTC is now trading at only 4x BCH?

https://www.coinwarz.com/difficulty-...fficulty-chart
https://www.coinwarz.com/difficulty-...fficulty-chart

Look at the number of coins mined since yesterday afternoon:
BCH(millions) BTC(millions)
11/10 1600 ET, 2100 UTC: 16.779088 16.674362

GAIN 7337 963

11/11 1330 ET, 1830 UTC: 16.786425 16.675325

GAIN 3475 237

11/11 2100 ET, 0400 UTC: 16.789900 16.675562
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Guide / Tutorial: Buying Bitcoin & Cashing out Bitcoin Anonymously elmo CryptoCurrency 86 04-03-2017 02:50 PM


Aspkin Group

All times are GMT -5. The time now is 11:00 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58