Hello, my steem friends. It's my first post about bitcoin.Go easy on me.

The price of a bitcoin reached an all-time high in Oct.2017. Many bitcoin holders perceive that the theory regarding bitcoin split caused a rise of bitcoin values. The bitcoin split problem is necessary when you talk about a bitcoin development in the future.

■Bitcoin prices soared to record high.

While South Korean regulators announced that new cryptocurrencies sold through company-specific offerings were banned, the bitcoin prices have hit a historical record in fall 2017.

Especially, ICOs will be banned strictly because each company offers its own cryptocurrency and make a profit. It’s difficult for the traders to be protected their assets because we can’t define ICOs legally. ICOs have many tax system problems. Due to these circumstances, each county has started to impose restrictions on the regulations.

Some people say that they do not understand why the bitcoin value will be better because its regulation and tax system will be more and more strict and increased. The key of value increase is the bitcoin’s expandability. A bitcoin has a system to record various transactions. So, it can be added new programs and will become more useful and user-friendly.

Also, the developers all over the world have their own community. They can’t change anything without the community’s agreement, which makes bitcoin reliable. Expandability and reliability help the bitcoin value to rise continuously.

■A Bitcoin split problem surged the price.

You need to be noticed that bitcoin developers have different opinions. If they can’t reach the agreement, have totally different opinions and add their own programs separately, one bitcoin will be split and make a new bitcoin. That is the problem of the bitcoin split.

Actually, a bitcoin has split into two currency. One is classic bitcoin(BTC) and another is the Bitcoin Cash (BCT), derivative currency. Each currency has own value as cryptocurrency and spread to the market. We must remind that the bitcoin value might have dropped extremely because some people have concerned that brand-new bitcoin would be taken place of main classic bitcoin.

However, as a matter of fact, bitcoin only divided into two currencies and both have certain values. Some people assumed that some traders might have bought many bitcoins at a low price by a groundless rumor telling bitcoin might become valueless.

There is a possibility that a bitcoin might split again. The bitcoin is an initial cryptocurrency and has problems of the low level of function. Although it’s been improving, it’s not enough to make up for the low function level and needs to be improved more. The more the payment system improves, the more the bitcoin itself gets demands.

The bitcoin holders will have two split bitcoins in Nov. if the same situation occurs. This is considered as the reason why the bitcoin price rises.

■Split or not? That’s not for sure.

You might want to remember that you will not know a bitcoin will split or not. If all bitcoin developers reach the agreement, the original bitcoin will be in the market and continue to develop. You also might want to know that the bitcoin values might be turned out to being declined eventually without the split. Needless to say, the value might rise without any split.

Altcoin, alternative coin might replace the bitcoin as a major currency if the bitcoin loses its reliability. However, while altcoin is functional, a variety of altcoin makes it difficult to be understood. Because altcoins compete against other altcoin to grab the market share, there is no currency that has better values completely.

A market does not often face the situation such as bitcoin problems and no one can predict how the bitcoin value will change. Nobody knows the certain prediction because it’s not easy to predict it. Therefore, you need cool judgement and to know risk management.

You had better to understand the essence of a bitcoin before you trade without jumping to bitcoin trading even though the values might change significantly.