Bitcoin’s Rally has come to a temporary end with the cancellation of SegWit2x. A larger number of investors are therefore currently betting on Bitcoin Cash and not infrequently came the question or fear that it was now about the value of Bitcoin. This concern is explained not only by the price, but also by a currently very full Mempool: The number of waiting for a confirmation transactions is almost 100 million as high as in May.
In fact, after reaching the all-time high, the price has moved into a downside that has Bitcoin fully under control. Bitcoin has lost in value in the last 48 hours approximately 1200 euro (1400 US dollar). Currently there is no real end to this descent.
At the end of November, Bitcoin Cash has another hard-fork that can give extra confidence when the fork takes place and works.
I would be careful in this course explosion to get in there now, can go on but just as fast it can go down several hundred dollars.
Der Bitcoinpreis springt heute das erste mal über die Marke von 7000$. Das könnte unter anderem daran liegen, das am 16. November eine erneute Bitcointeilung, bevorsteht, wie das z.B. beim Bitcoin-Cash der Fall war.
Man bekommt z.B. für 1 Bitcoin auch einen Bitcoin Segwit2x Coin auf seinen Walletanbieter.
Bei Coinbase kam gestern eine Mail, das man diesen Bitcoin Segwit2x Coin unterstützen wird. Das heißt man bekommt für z.B. 0,5 Bitcoin auch 0,5 Bitcoin Segwit, jedenfalls bei Coinbase.
Bei Bitcoin.de gab es noch keine Rückmeldung, ob Sie diese Fork unterstützen. Bei Bitcoin.de gab es letztes Mal den Bitcoin Cash mit auf seinem Account, bei Coinbase warte ich noch bis heute drauf, dort gab es keinen extra Anteil. Der Bitcoin Segwit2x wird im Futurehandel im Moment bei über 1000$ taxiert.
Das könnte ein möglicher Grund für den starken Anstieg sein, dazu die Gerüchte mit Amazon.
The rumors from the Silicon Valley condense: Amazon would like Bitcoin to allow as a means of payment, it is said there. That would be a milestone for digital money. An appointment is already in the conversation.
Fintech circles in the American Silicon Valley now supported this speculation. Even if the date 26 October could not be held, the Bitcoin introduction is expected to be timely, it said. It would be a milestone, not just for Bitcoin, but for digital money as a whole
Allegedly, the world’s largest Internet trader wants to accept Amazon Bitcoin as a means of payment. According to media reports, Amazon could already announce this step already this week with submission of the quarterly figures. Amazon would thus be the first global company to adopt a crypt as a means of payment. And for Bitcoin another milestone. Amazon could create its own “currency”, in which bitcoins are changed according to established rules.
If this happens, other big US companies are going to be able to pay for it with bitcoins or other cryptos
Bitcoin Segwit2x is a proposed change which is intended to improve the speed and cost of Bitcoin transactions. If the upgrade is not universally accepted, it may temporarily create two Bitcoin blockchains via a fork of the Bitcoin network.
To learn more about forks, check out our blog post.
Are my funds currently on Coinbase safe?
Yes. Any funds on Coinbase before, during, and after the fork will be continue to be stored securely.
When exactly will the fork happen?
The Bitcoin Segwit2x fork will take place when block #494,784 is mined. This is projected to happen on November 16.
Will a new asset be created following the fork?
Yes. The result of the fork will be two different blockchains, which means there will be two distinct digital assets.
What will Coinbase call these two blockchains?
Following the fork, we will continue referring to the current bitcoin blockchain as Bitcoin with the symbol ‘BTC’. We will refer to the new blockchain resulting from the fork as Bitcoin2x with the symbol ‘B2X’.
If the Segwit2x change is accepted by most users, we may choose to rename these blockchains at a later date.
What action do I need to take? Do I need to withdraw my funds from Coinbase to have access to B2X?
No action is required on your part. All Coinbase users with a BTC balance at the time of the fork will automatically be credited with an equal balance of B2X.
What if my buy order was in progress during the fork?
You will only receive B2X for the amount of bitcoin present in your account at the time of the fork. Pending BTC purchases at the time of the fork will not be granted any B2X.
For example, if you buy 1 BTC on November 16 with a bank account, this purchase will likely be pending for 5 business days as we wait for your funds to be transferred from your bank. In this circumstance, you would receive your 1 BTC after the fork, but would not also be granted 1 B2X.
Will Coinbase be operating as normal during the fork?
We will disable buys, sells, sends, and receives for bitcoin approximately 8 hours before the fork. We will re-enable bitcoin services as soon as possible afterward.
Will I be able to buy/sell/send/receive both types of Bitcoin on Coinbase?
Coinbase will support buys, sells, sends, and receives for both BTC and B2X. Services for both chains may be disabled several hours before and 24-48 hours after the fork. We’ve posted a general timeline here, and plan on sharing more specific details as we get closer to the fork.
Is there replay protection built in to Bitcoin Segwit2x? Do I need to take any precautions before sending B2X from Coinbase?
Because Bitcoin and Bitcoin Segwit2x will have identical blockchains up until the point of the fork, it is possible to send the same transaction on one chain and then “replay” it on the other. This can lead to inadvertently sending both BTC and B2X funds at the same time. In order to prevent this, developers must implement a protection mechanism into their software which prevents replays from occurring.
Bitcoin Segwit2x does not have any built-in replay protection, but Coinbase has implemented our own replay protection system. You can safely send any BTC or B2X from Coinbase without worrying about replays on the other chain.
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