“People said bitcoin was "poised to move higher." My bad, I thought he meant up.” ~ Charles Fuchs.
Mike Belshe, the CEO of Bitgo and SegWit2x project leader... distributed an email today stating that the Hard fork project was to be suspended. 😳😱
You can read the email here:
Remember the reason Bitcoin went from $3000 to as high as $7500+ in almost a month was because Investors wanted some Free B2X coin which was projected to be around $1000+ a coin. 😳
I'm no Financial advisor but I see Bitcoin having a huge correction coming soon (maybe $5000) and lots of money will be going into ALT coins. (Steem perhaps) 🙌🏼
You can even see the charts today on coinmarketcap.com, most ALT coins had a huge rally and Bitcoin is dropping. 📊
So where do Bitcoin go from here? I believe there will be more hard forks coming down the road for Bitcoin. 🤷🏼♂️
It's interesting times for sure, You guys know how I do it... "Keep on Stackin" those coins and have no fear!
If we all play this "Crypto Game" right and have patience, we all can become Millionaires in a few years. 🤑
Keep on Steemin! 💞
This is awesome news. I actually heard it from my mom, her crypto game is too strong 😂 I was distracted writing a poem. Then I looked at Bittrex and all the alts are spiking... it's a good day 😃 I've been stackin quite a bit of STEEM while it's cheap so I'm looking forward to the Thanksgiving/Christmas rally that may be to come!
You the man, We got to get your moms on steemit 😂... big things are around the corner 😎
Haha she actually is on Steemit! She blogs about gardening, nature, butterflies, etc... at @violetmed 😎 I even convinced her to buy a bit of STEEM and power up! 😃 I agree man, we're only at the beginning. Especially coming in 2018 we're gonna see the crypto space light up and explode!!! People think we're in a crypto craze but the feverish phase is yet to come!
Just followed her, I need some nature posts in my timeline lol
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it's party time, this world is unpredictable!
One Life, Enjoy it haha
"Where Do We Go From Here?"
BUY MORE STEEM
I'm liking this comment lol
UP we go SIR! Long life Steemit!
hear here!
Keep on Stackin!
Always! 💪🏼🙌🏼💯
I doubt it's really "called off". More like "delayed". Mark my words, it's gonna happen eventually.
Simple answer UP! No more confusion of what might happen now we are free to trade and buy in confidence that no more forks will take place or if they do they just wont have the support they need to ever overtake bitcoin any time soon.
I will buy 300 STEEM sunday.I do 1 mounth in steemit and already i have 50 Steem power
Exactly! Dust needs to settle and then new base formed until the next black swan swoops in.
Yeah, I agree but I know some of them are already plotting the next hard fork. Crazy times! 😎
At the time of posting this video earlier, it was simply delayed. Is it totally called off now?
I can see another hard fork coming soon, 2018 will be interesting.
Let the Crypto Games begin #GameOn .....
Magic Money :)
I thought there would have been a bigger btc sell off and alt coin surge. The charts look like a typical day
thx for sharing the info
I do my best haha
Your posts always give me an inspiration.your writing skills are really good and you know really well how to influence people and make them educated about the cryptocurrencies.
This will be the turn of investment into alts - Steem first in the line, f those other sh1tcoins!
I wouldn't mind $2 steem again, those were fun times when people had huge voting powers :)
Just buy, diversify and hodl!
That’s why I’m talkin about! Let’s go 🤑
I think we can see 2000$=BTC and steem to 6$. I will buy some steem this week hope do not rise till Friday
It’s trending at the $1 mark again 😬
Tell me how can I but steem whith us$?I do not want to buy Btc And to change in steem.
Where did I go?
I took some BTC off the table and added some more STEEM.....sub $1.00 is a great price.
We are looking at a 10 banger from here in my opinion.
Let’s get that steem 10x bagger in 2018 🤑
Let's start the run....after Thanksgiving.
I still want to add another batch at these prices....powering up is a smart move...there is really no downside that I can see.
For sure 2018 bring us min 10$ = 1 Steem
100$ today bring 2000$ at the end of 2018
1000$ from rise of steem and 1000$ from activity
"Remember the reason Bitcoin went from $3000 to as high as $7500+ in almost a month was because Investors wanted some Free B2X coin which was projected to be around $1000+ a coin."
I think there are a lot more reasons why the price rose to higher levels. Newbies could be steered wrong if they see the rise was due to 2X alone, your big red arrow, and panic, especially seeing an opinion of a $5K price call. With so many followers, I suggest slightly more balance, constructively of course.
The CME Bitcoin Futures played a HUGE role lately (not going anywhere), as well as increased adoption curve acceleration and other factors.
Makes sense but people need to hear what can happen... it 2x in a month, the sheep needs to see the big picture 🙌🏼
Yep, I see Steem going up and people might soon be able to get Bitcoin at a good discount.
I want it to go on sale :)
Interesting times. Can't help thinking that we are living the history that people will marvel about and make documentaries about in 10 years (or sooner). Kind of like the Wild West out here. If you have the fortitude for some adventure, it'll be fun!
It is getting nuts for sure lol
I actually made a post about it too about 1 hour ago
Amazing las minute news
I somehow agree and disagree about the correction
I believed Bitcoin is on the road to $10,000
But since I made many wrong predictions
I can only thank you for sharing the news but a millions time better than I did
Have a great time Steeming
You mean $10K not $1K right?
Oh yes
Sorry that was not Intentional
IF it goes to $10 this year, a bigger correction will happen, I don't mind. Always buy the huge dips :)
Shocking to know about Segwit2x, I believe that was the main rider behind the price of Bitcoin. Now people would jump on to alt coin, as you said, perhaps Steem ?! Or Ether will pick up ?
OMG is a good ALT play :)
I hope you are right. We all do... believing in a great dream ^_^
Dreams can become reality 😂😬
The law of attraction, right :D
For sure Steem will be up very up next year, because is a modern social platform without abusing and here i find art photos, chalenge, news, talk about travel, food, living and more.Hope one day to see Steem up up up.I trust in steem.
Yes, so do I :D Time will tell.
Here's my take and maybe this is cynical. I think they never planned on going through with it and this whole thing was a shit show. I don't think they cared about consensus or even "tearing bitcoin apart" so I don't think they would have backed down regardless of whether they had support or not. I'm thinking this whole thing was just a shit show which they never planned on implementing.
In regards to where price goes from here I don't know what to think. Part of me says now the FUD is gone, the uncertainty is gone and Bitcoin can rise, in the same token however all the people who dumped alts for their "free money" are going to leave so we have money going out. With those kind of two conflicting camps or emotions I think it may just kind of sit where it is, maybe a slight pullback.
Yea - I thought something along these lines... make a TON of money selling the 2X futures and then cash the hell out at the top right before announcing the cancellation. OR the backers met again at a recent conference and rehashed the landscape to realize that now wasn't the time. It might be back.
For weeks I had been considering selling my futures. I thought it was the smart move but the risk averse part of me said why risk $7500 to get $1200. Yesterday I finally got up the guts to do it, I brought my Trezor into the office with me and was literally getting ready to make my move and I go to check futures price and just see that it had fallen off a cliff from like $1300 to $300. I was like WTF???? I knew something had to be going on but hadn't heard the announcement yet. About 30 seconds later I get a text from my gf's cousin just saying "Segwit cancelled" and immediately was like aahhh man just missed it.
I notice futures still trading at $268? Can we really dump for that? I did hear this morning some group called BitPico is saying they are still pressing forward but to me seems like it's dead.
Ouch. Horror story. That's absolutely Murphy's Law in action. I hate to hear that since your intentions were actually to NOT be greedy here. I'm no expert, but it's only a loss if you realize it. It could be a dead end, or it could be a long term bear market that could boil up at some time. If you can afford to forget about the money for a bit, maybe see how it plays out. some people could be buying at the bottom with the same mentality, or it'll be a race to zero. Good luck with that and sorry to hear.
I just seen a medium article that a guy bought 85k of futures for the BX2... Lost it all. smh smh
Ouch, the people who bought futures lost right? That's what I said and my biz partner was arguing with me saying no they'll get their money back. To me they picked the wrong side and their money goes poof.
I still see a futures market live at $268. Can we really still dump for $268? Also I asked this above to @steemmatt as well but was curious your take too. Have you heard about this group BitPico saying they are pressing forward with the fork anyhow? Is that possible?
Ha ha,, I just checked the coinmarketcap.com and Bitcoin has Already Lost $500
You are right the correction is coming
Thanks for posting
Never know, bitcoin been pumped hard preparing for the hard fork, lets see what happens.
I bought steem at 0.000125 a few days ago. Money is going to go back into the other coins. I expect a profitable trade.
Love those profits :)
Most alts have seen a gain today following the Segwit2x cancellation, not so much Steem. Steem can make moves still. Im bullish. I bought 600 more STEEM @ less than 0.90 USD each. #bargin :)
It's up 10% :)
WOW, this is huge! Looks like it's time to start buying as much Steem as I can...What do you think will happen now that this much-anticipated "hardfork to change all hardforks" has been postponed/canceled??
Uncertainty... I believe a new hard fork is getting prepared as we speak.
Such erratic times.
Most erratic times are the most fun times lol
Everyone keeps claiming that bitcoin is crashing, but the past 24 hours it's actually up 1-2% isn't it? I know it's a long way down from the $7800 high, but wouldn't say BTC is crashing.
Crashing and Correction is different. We will see :)
I don't believe it will lose much of its price, but I guess Bitcoin will become even more stable, less volatile and it will staert to grow slowly
I thought I had another week to buy Alt coins! Oh well maybe next hardfork.
Lots bought yesterday, keep buying the big dips :)
Hoping to see a huge drop so that I csn buy and buy more
Same here.... I'm liking $4k-$5k :)
Great post
Now bitcoin is going down big time after segwit2x has been called off and looks like bitcoin cash is on the rise now...
https://steemit.com/bitcoin/@ramsteem/are-investors-dumping-bitcoin
Awesome!
The upcoming fork has definitely pumped the BTC price up however there is still the CME issue on the table. When that news came out BTC had another upward spike. News of the fork being cancelled will definitely result in a correction however the base line might still be around the 6 to 6.5k. Of course time will tell. As pointed out in your article this will hopefully breath some life into the alts and make for some profitable trades!
yeh going to be an interesting few days for bitcoin
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I am waiting for pullback to enter, just like you wrote, around 5K where is a strong support.
Lets see what will be the next move of BTC
Definitely putting my money on altcoins and ride it up, then back to bitcoins I go. Haha...rinse and repeat has been the best strategy thus far! :)
Its really feeling like the end of the road.
Any cogent explanation of what to do next?
Great Post!
If Bitcoin goes down and Alts up I would be very happy as I am shorting the first one and have a lot of Alts :D.
Take care.
Is it leading to fall bitcoin price back to 2000$?
Bende bu haberi 2saat önce duydum. Ve sayfamdan bildirdim. Sevinmek mi ,üzülmek mi gerekiyor bilemiyorum. Segwit2x in askıya alınması beni tedirgin etdi. Aylardır bu haftayı bekliyordum.
Yes @stackin! Game plan still in place but the shift is happening sooner than planned!
Nice! Thanks for information
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