We have seen a proverbial rollercoaster of news in the Bitcoin world these past 24 hours. More specifically, the SegWit2x hard fork is apparently canceled, although that is not entirely true. Moreover, the B2X trades between Charlie Lee, Roger Ver, and a few others may still go ahead. It will be quite interesting to see how things evolve in this regard. There is no indication of what the future may hold for Bitcoin, that much is certain.
The big news last night was how the SegWit2x hard fork was originally called off. A lot of people are happy about this news, to say the least. After all, the fork makes very little sense to most Bitcoin users. Fracturing the community even further serves no real purpose whatsoever. Then again, this hard fork is not entirely canceled just yet. More specifically, a follow-up email indicates the fork will still happen despite the risks it bears.
B2X Is Still in the Game
Whether or not that is good news for Bitcoin, remains to be determined. Another altcoin riding Bitcoin’s coattails isn’t exactly something we need right now. Then again, there may be more support for this new currency than people would think. In a lot of cases, people just want their free B2X coins and sell them on the open market as soon as possible. There are still a lot of uncertainties in this regard, that much is certain.
One thing to keep in mind is how Charlie Lee proposed a B2X trade not too long ago. The goal is to exchange 250 B2X for 250 BTC. Lee would like to get rid of these coins as soon as possible. Although it is uncertain who accepted this deal, Roger Ver seemed quite keen on the concept. This trade would not go through if there was no fork. With this fork still going ahead, we can expect some fireworks in the Bitcoin world very soon.
While waving with wealth in the open isn’t necessarily positive, this trade will get a lot of attention. That is, assuming it will still go through as expected.There is an interesting time ahead for both Bitcoin and B2X alike. More specifically, the fork may shake things up quite a bit. The coins may not be worth $2,000 or more, though, but no one knows what the future brings. Right now, nothing has changed in this regard. The original excitement regarding the fork being canceled has died down already.