QUOTE OF THE DAY
“Determine that the thing can and shall be done, and then we shall find the way.”
SegWit2X Hard Fork Was Cancelled
It looks like SegWit2x was called off due to lack of consensus, leading bitcoin to a new all-time high.
An excerpt from the announcement that ended it all reads:
“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.”
Naturally, bitcoin hit a new all-time high above $7,800 right after the announcement was made, and has since settled down to around ~$7,200.
We don't know why exactly it rallied like that, but there was probably a good amount of short covering that contributed to the price increase.
Anyways, let's pray for all our fallen soldiers who bought Bitcoin SegWit2X futures.
Nearly a Third of Millennials Say They'd Rather Own Bitcoin Than Stocks
A survey by venture capital firm Blockchain Capital found that about 30 percent of those in the 18-to-34 age range would rather own $1,000 worth of Bitcoin than $1,000 of government bonds or stocks.
My Current Sentiment: Neutral.