Segwit2x Fork Canceled - Nothing Holding Back the Bitcoin Market
The Segwit2x fork has been canceled. There is nothing for the market to fear and will continuing investment in Bitcoin. As a result the Bitcoin prices already saw a spike to $7,800 USD.
Cancelation Announcement: https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
Quote
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.
We've already seen a divide with Bitcoin Cash (BCH). While BCH is currently valued at approximately $590 USD, it seems to be on a downward path after a large spike. However, Bitcoin is still going strong and the original coin is what the majority will continue investing and supporting. We'll see what happens with Bitcoin cash.
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