Bitcoin is again falling Tuesday as last week’s miraculous gains look set to correct downwards. Cross-exchange data from Coinmarketcap shows a seven percent drop in the USD price per Bitcoin at press time, with 1 BTC worth $2,562.A rally last week, much of which centered on Thursday’s trading, saw prices on some exchanges shoot up over $500 within hours. Much of the optimism focused on the lock-in of BIP 91, a way forward for the Bitcoin network which would avoid a hard fork. On Twitter, commentators and investors were cautious.View image on Twitter
Twitter Ads info and privacy: The rise of Bitcoin Cash over the past few days could present an antidote to the recent calm on the hard fork topic.Bitcoin Cash, supporters of which demand a fork of the Bitcoin Blockchain, could well go ahead next week, reintroducing uncertainty and ‘versions’ of Bitcoin feared by opponents to drive down prices in the long term.Meanwhile across the top ten cryptocurrencies, broad losses triggered, with Ethereum down almost 10 percent and Ripple almost 12 percent. Ethereum Classic, which had been slower than most to grow last week, also fell, dropping below $15 to reach its lowest levels since mid-May.
https://cointelegraph.com/news/bitcoin-price-slides-7-as-bitcoin-cash-emerges-fork-fears
Bitcoin.com owner and entrepreneur Roger Ver has appeared to support the future of prospective Bitcoin fork Bitcoin Cash.In a tweet Monday, Ver, who was a major proponent of the now-struggling Bitcoin Unlimited, suggested projects such as CounterParty would choose the Bitcoin Cash chain over another were it to come into existence.
What chain will coins that operate on top of Bitcoin like Omni and @CounterpartyXCP choose? https://t.co/uxvIhIujrP #BitcoinCash— Roger Ver (@rogerkver) July 24, 2017
Ver linked to a Bitcoin Cash explainer written by developer Jimmy Song in which he noted a fork of Bitcoin to create the concept would likely be pushed through.“BCC looks like an appeal to the segment of the Bitcoin users that don’t like SegWit,” Song continued.
“Since SegWit is getting activated on Bitcoin, this fork gives many of these people a place to go.”
Reacting to Ver’s support, commentators on Twitter were skeptical. Suggestions included that Ver was favoring BCC simply because Bitcoin Unlimited was now facing an uphill struggle for recognition.Nonetheless, fellow entrepreneur Alan Silbert weighed in on the issue, responding that Ver had told him Unlimited was “extensively tested" and "ready now.”
He told me BU was "extensively tested" and "ready now" — Alan Silbert (@alansilbert) July 24, 2017
Bitcoin Cash is already trading, with ViaBTC currently listing a price of 0.165BTC ($417).
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"Political Correctness" has not ever been one of my strong points, but I always manage to get the message across somehow :)
Just getting the news out Bro and if you have issue with that then I would suggest you examine yourself. A mirror or reflection of another's work is nothing more than that alone...
Example: If I had heard the little boy who cried Wolf, when there actually was a Wolf coming and I shared that. Would it fall under the same rhetoric you promote in your reply?
I just wonder how many people would have lost their shares in BCC if I hadn't shared that post from Coinbase? The Welfare of the People always comes before "jurisprudence"...
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I do not make a habit of C&P except under dire circumstances of monumental importance in news. These times we face of the Hard Fork in the here and now are about to come to a conclusion and I will not have to do as much in the future...
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"Copying/Pasting full texts is frowned upon by the community."
You might want to remind all those who "upvoted" those same posts you flagged with this comment...
or
You just might want to edit your form letter to read something more like: "Copying/Pasting full texts is frowned upon by the Admin."
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cointelegraph.com/news/bitcoin-price-slides-7-as-bitcoin-cash-emerges-fork-fears
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dang, well the technology that doesn't adapt is the technology that fails! if your interested in currencies as well feel free to follow/upvote me as well https://steemit.com/@maninjapan1989
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