You may call it as you want. But the "cancellation" was officially announced in this post. They used the words "suspending our plans for the
upcoming 2MB upgrade" to let us know there is no SEGWIT2X.
"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"
This has brought multiple reactions and the floor is open to put your own here.
"I can make a better coin than Bitcoin," said every idiot on Planet Earth.
"We can be 'the new Bitcoin," said every shit-coin developer on the planet.
"What Bitcoin needs is: a home-owner's association to tell the people what's best for them," said every wanna-be politician on the planet.
Buh bye Jihan Wu! You suck!
This is great news for bitcoin long-term. Too bad to all the speculators who only bought BTC to drive the price up and get free money with the fork, but it's great for all the rest of us. Now we can come together as a community to figure out the best way forward, which is much better for BTC long-term
And if Bitcoin goes down to $200... are you going to keep saying the same?
It won't.
It may not fall so much, but a proper correction would put us around $4000. I wouldn't worry unless it drops below that.
We are in a bubble right now fueled by speculators. A long bear market would be fantastic to shake all of them out. In the long run it would be healthy for bitcoin.