Hi guys, as I logged in my Coinbase account, transactions has temporarily been disabled since the Segwit2x is expected to occur in the next 6 hours. I am really clueless regarding these terms.
1. What would happen during these times?
2. What would happen to the value of bitcoin?
Thanks in advanced.
Regards,
I think they released a email addressing this. Essentially, while its called off there is still the remote possibility that a small group of miner will attempt to activate segwit anyway. just in case this activity affects the main chain in a real way, the exchange is freezing transactions at the time of the "fork". coinbase (well gdax) has stated they will release the forked coins if and only if the network proves viable (it wont). and that if they do make a market for it, it will be later in the life of the coin.
tldr: nothing is about to happen, LOL.
no idea about the price of bitcoin, however. I see we are still being fools with the price.