B2x twitter Bitcoin square measure created as a payoff for a process illustrious chemical element mining. They put up be exchanged for other currencies, products, and services. Research produced by University of Cambridge estimates that in , there were to million single users using a cryptocurrency wallet, most of them using bitcoin. The futures markets rate B2X currently at one thousand two hundred dollars. If the hard fork process occurs today, then the BTC value will change from six thousand dollars to something new. It will also enable B2X to ebb away from the current one thousand two hundred dollars. Bitcoin SegWit2x to Bitcoin (B2X / BTC) markets () - Coinhills Digital Currency Market Finder helps you to search trending coins including Bitcoin with a few clicks. It supports the overall statistics of digital coins and exchanges lively.
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This is because B2X will not be moveable onto the blockchain system for a given amount of time after the hard fork process. The futures markets rate B2X currently at one thousand two hundred dollars. If the hard fork process occurs today, then the BTC value will change from six thousand dollars to something new.
It will also enable B2X to ebb away from the current one thousand two hundred dollars. Studies have shown that futures markets usually forecasts hard forks perfectly. The truth is that nobody knows what the actual value of the new coin will be. During the period between when B2X can be moved around the blockchain and trading starts, there is every possibility to experience the highest prices.
To stay updated, you can always explore the bitcoin B2X B2X review. Friday, December 25, Thomas Mattwiew November 6, Crypto Currencies. Share on Facebook Share. Share on Twitter Tweet. Share on LinkedIn Share.
In advance of B2X, likely around November 17th, BitFinex is allowing for the trade of B2X futures though they are calling it BT2 , the price has already dropped to under 0. You can track the futures price of B2X here. So, futures trading is trading based on the future price of an asset; therefore futures trading of B2X is based on the future price of B2X.
Those who trade futures are trading to make a profit; thus, their trades are a prediction about what they think will happen with B2X. You can see that in the above image the B2X futures price is falling and I put this down to two things:.
Why would those trading futures buy something they expect to get dumped? Those buying the futures contracts do so in the belief that they will be on the right side of the trade when the coin starts trading. Bitmex posted an excellent article on their blog identifying how they will handle the Segwit2x hard fork here.
They rightly identify that anyone can create a fork of the Bitcoin chain at any point. They also identify that those people pushing for the Segwit2x fork want this coin to be called Bitcoin and that it is for the community to decide this and this is why strong replay protection is required. As this does not exist they have rightly distanced themselves from it:. They are not the only ones, Seoul Bitcoin meetup has written an excellent post asking those who signed the agreement to reconsider support, the most compelling part being:.
If you do not understand replay protection then please read this article. A lack of strong replay protection could cause havoc and is also evidence that this fork is a hostile act. The opposition is growing and I expect more may look to withdraw support to be on the right side of the argument when the market rejects B2X, and their hands could be forced as futures trading makes it increasingly evident that B2X will be unprofitable to mine.
I believe the futures price of B2X will drop significantly further, already at 0. How low it will go is hard to tell, but I think it will fall further, way below 0. Whatever price it retains upon launch will get hammered as recipients dump their 'free coins.
Okay, it won't disappear, but it will be a meaningless coin traded on charts like DOGE and ETC rather than any fundamental practical use. As such, the free coins may not prove to be much of a free bonus, and we will be back to trading Bitcoin and altcoins to some level of normality. The smart play here was to trade out the futures on BitFinex when the futures first started trading.
I think the market will settle back to regular trading pre-November 17th, where before the chain split the futures price of B2X will be so low that it will obviously be an embarrassing rejection of the coin.
Those proponents of B2X may try and support it but similar to Bitcoin Cash this will be limited as they know they will be burning their own solid BTC to support something the market has little interested in. The 'free coins' bonus will become a red herring as it won't have the expected value which may lead to sideways or down move in BTC. Altcoins will probably start coming back into play as investors look for higher returns.
One good outcome to all this is that Bitcoin will have demonstrated its strength and thus make future chain splits less likely if not supported by users. I have made the decision that I am going to hold everything I have for now and assess on a week by week basis.
I don't feel that we will enter normal trading conditions again until November, either when the futures market finds a stable B2X price or post fork when the market has dumped. I believe the former is more likely as the market is pretty good at pricing in advance. Note: we do also have the Bitcoin Gold fork coming on October 25th which is attempting to change the proof of work algorithm.
There is enough to concern me that this is just a scam primarily due to the pre-mined element of the fork. Still, this Reddit post should tell you enough you need to know about this. No interest, if I can transfer and dump these coins, I will, and that is if any exchange lists it. Back Step by Step Guide Resources.