Beware Bitcoin and Bitcoin Cash Pump and Dumps; There is a War Going on
If you aren’t aware, Bitcoin and Bitcoin Cash are in a war of sorts, both on the exchanges and on social media. That makes it a risky time for both assets.
If you aren’t aware, Bitcoin and Bitcoin Cash are in a war of sorts, both on the exchanges and on social media. That makes it a risky time for both assets.
Bitcoin is a value store, Bitcoin Cash is a payment system. A payment system needs to be fast… and have a stable price. A value store should rise in value steadily.
The entire crypto market (with the sole exception of Bitcoin Cash) entered a correction period today. This is was spurred on by claims Bitcoin Cash is the new Bitcoin.
Bitcoin’s price dropped a bit, meanwhile Bitcoin Cash’s price rose. Bitcoin.com (just a great domain, not an official site) even said it was going all in on Bitcoin Cash.
Many, including us, predicted alts would rally after the fork and Bitcoin would pull back. The fork didn’t happen, but the announcement that the fork was cancelled had this effect.
Bitcoin’s SegWit2x fork is canceled. This means a hard fork will not be occurring at at block 494,784 (which was expected Nov. 16).
Goldman Sachs has been on-point predicting Bitcoin’s price. Yet again they got it right. Bitcoin went to $7,900 for a moment today Nov. 8, 2017 like Goldman projected. Nice!
Over $200 million in Ether has been locked inside some multi-signature wallets that use the Parity service. This occurred due to a few coding mishaps.
A major South Korean cryptocurrency exchange Coinone added Litecoin to its trading platform. The result has been an increase in Litecoin’s price.
Despite being somewhat unclear on other forks, there was a press release from Greyscale that discussed Bitcoin Cash distributions for GBTC shareholders.
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