As we all know the Bitcoin has been experiencing changes, first the SegWit2x Hard Fork that was called off "failed" and now with the market fluctuation of BCH, Bitcoin Cash. Tremendous uptrend that is having that market, having a hard fork tomorrow November 13th.
"But in the last few days, a previous fork of Bitcoin (BTC) called Bitcoin Cash (BCH) that was launched in August and immediately dismissed by many Bitcoiners and the wider crypto world alike, has skyrocketed in value. After languishing in the $300 range for a while and jumping up to the $600 range in November, it has now nearly quadrupled to around $2,500 a coin as of press time -- it had traded as low as $650 on Friday." Read story
So right now Bitcoin which the trading market was around $7,700 this week and the week before, right now is down to about $6,000 and the lowest $5,500 so we are experiencing some changes with this coins and adapting to the new patterns and changes that the market is having right now.
Users of bitcoin and everybody involved in cryptocurrency needs to have some type of patience.
Read the full story Click here
Source by Forbes
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Welcome to the community!
I think the reason for the price increase is mostly due to the pending fork. Bitcoin was in any case due for a correction...no worries!
Yes I agree on that, we just have to wait when the fork passes and then see how the market is doing.
My latest post might reveal the real crux of the matter
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