The on again, off again Segwit 2x hard fork is on again. The controversial and divisive plan to increase block size has once again been announced, this time for the 28th of December, 2017. Will the fork even happen, and how will the market react to this news?
In recent times Bitcoin has benefited from the additional attention and speculative money brought in by hard forks. The lure of "free coins" has historically seen the altcoin market bleed as crypto investors move their money to where it is likely to be most profitable. Will this pattern continue? If so, is it now time to start thinking about taking some profit on the altcoin explosion over the last week and move it back into BTC (especially since BTC has dropped below $18,000 at the time of writing this article)?
The scaling solution of increased block size can best be described as a "band-aid for a bullet wound". The problem with the proposed hard fork is its promise to improve scalability through increased block size is simply not sustainable for the purposes of mass adoption (approx 100,000 TPS). Add to this the lightning network fork (scheduled for 23 December 2017) which has reportedly tested well, and the solution being proposed by B2x may be rendered obsolete before it even launches.
Given the recent success of Bitcoin Cash, it is little wonder why B2x is back on the cards. It will be very profitable for the developers as once again the newbies are exploited by what can only be described as psychological manipulation through the use of the prefix "Bitcoin".
This is just my opinion on a topic that is undoubtedly going to cause much speculation and debate. I'd love to hear what all of you have to say. Please leave your thoughts on B2x in the comments below.
Disclaimer postscript: This article assumes the announcement made on https://coindar.org is accurate. This is an open source site and the B2x fork announcement is yet to be validated.
Stay stoked, keep frothing, and always remember...... an informed investor is a successful investor.
Fish (The Beach Bum Investor)
Good thing I listened to @haejin and stocked up on BT2 futures!
Nice play. Good gains for you. Do you plan to flip it or HODL?
God I don't know man, the first thing I heard about it is your post just now. I need to do some thorough research before I decide to hold onto it. Definitely riding it for now, and see how high it goes.
If it really takes off I might have enough to keep 1 and buy each of the other forks with the rest, and have a royal flush, or I'll just put everything into some other potential 10x coin.
Either way it'll be some insane gains for me if it follows the path of BCH.
http://b2x-segwit.io/ This should help you make the decision. It's a pretty small team and a pretty basic website. Having said that I believe people will drive the price on hype and uneducated "it's a cheaper Bitcoin" theory. Based on that there could be more gains to come. But looking at the team and preparation (or lack thereof) I'd personally be leaning toward a flip.
Thanks for this bro! I'm going to take a look, I literally only know about this from your post just now! From what you're saying it probably will be a flip.
This is the original post:
https://steemit.com/bitcoin/@haejin/bt2-coin-target-usd2-282
Don't know about 0.45 BTC, but I think 0.25 BTC could happen.
Thanks for sharing the additional info. Legend!