Bitcoin is back at 51% market dominance! How long will this last?
Market cap: $ 87 Billion | BTC dominance: 51.8%
As we come closer to 1 August 2017, more news break loose as the community decides on the final fate of Bitcoin.This crazy frenzy caused a major price increase and the coin surged again!..But I cant help to wonder what August will bring for these crypto currencies.
Here is a quick glimpse in how the market is doing right now...
- A few of the highlights happening on the market right now!: -
-- 1.BTC is breaking some necks --
The latest news on Bitcoin has let me to the decision to keep as much of it as I can and wait out August 1 and any possible downtime it has after this date.
BITCOIN INVESTORS SHOULD NOT FEAR BITCOIN CASH HARD FORK
As analysts including Squeeze noted, Bitcoin price has held up well and maintained its upward momentum throughout the week, despite the high probability of the Bitcoin Cash hard fork.
For the most part, that is because the vast majority of the industry, its largest businesses, traders, investors and users will be considering Bitcoin Cash as merely an alternative cryptocurrency or altcoin, instead of Bitcoin.
In an open source development ecosystem, developers can free to fork off a project and create their own. Ethereum Classic drifted away from Ethereum, and it has become the sixth largest cryptocurrency in the market. Monero forked off Bytecoin and experienced a major success, becoming the ninth largest cryptocurrency while Bytecoin faded.
Investors or traders of Bitcoin will be credited with Bitcoin Cash due to its development team’s decision to implement replay protection. Some businesses including Bitrefill and Bixin plan to sell Bitcoin Cash and credit users with additional Bitcoin, which Bitcoin Core developers including Peter Todd described as a viable option.
-cointelegraph-
-- 2.Eth flatnines for a couple of weeks! --
Ethereum has taken some major damages the last couple of weeks,and managed to drop below the $200 mark.It now sits at a relatively low price of $180.
-- 3.STEEM slows down a bit --
Steem is still taking its time to recover,but YET AGAIN has given us a golden opportunity to get it at a cheap price! here is why you need to buy steem now,before it is too late!
-- 4.ZEC is getting ready to break loose! --
Zcash is another sleeping giant with a huge potential in growth within the next couple of months,here is why:
Release cycle and 1.0.11
We continued our discussions for refining the release process this week and decided to extend the release cycle overall by 2 more weeks starting with 1.0.12. This puts us in a better position for having adequate time to do a release candidate and proper testing before the full release. The last couple of releases saw delays due to lack of time so we’re adjusting the cycle now to avoid having more last minute postponements. We’ll continue to do retrospectives on the release cycle for any other adjustments that may help us.
The 1.0.11 release is currently scheduled for this Monday, July 31st but might slip another day or two. We finished up reviewing and merging pull requests for the RC which should be ready shortly, however since we intended for the RC to be out yesterday and there’s a chance that testing will take longer than expected or bugs will be found, there’s a chance of a release mid-next week instead. We’ll keep you all updated on this thread with concrete decisions.
-zcashcommunity.com-
The team has an update ready to be released in the protocol,that might just drive the price right back up too where it belongs!
Thank you very much for reading,and please remember to leave an UP VOTE if you enjoyed this post!
Contact me directly on Discord , I am gingerninja(suddenforce)
Regards,
@gingerninja
Fork what anyone says! We will eventually end up on the moon!
Definitely! Haha
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Hmm ... with bitcoin like everything is clear, the majority voted for Seg Wit. I do not risk playing on the stock exchange yet, I have invested all my money in Mapala and Satochi Fund. So calmer)
You are right,these crypto currencies hold some major risks,but I guess Im willing to take the chance :P...btw what is mapala and satochi fund? @vikaromanova
(Mapala.net) - something like Steem and Golos.io is a community of independent travelers, now they have pre ico.
Https://satoshi.fund/ - investment in btc, in my opinion it was discovered by the creators of the Golos.io . I like it that so many people showed profit, and on the chart they can see where they invest money. Based on these positions, sometimes I trade on the stock exchange)
Awesome! Thank you very much for sharing the links,I will go and have a look :P
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cointelegraph.com/news/bitcoin-investors-should-not-fear-august-1-chain-split
i love how accurate you are ;)
I am Groot! :D
Hi there, I have written something about the story behind the "fork" on 1st Aug. Would you have a read and give me an upvote if you find it helpful? Thanks a lot. https://steemit.com/steemit/@joyochung/the-war-behind-btc-and-bcc-and-how-you-make-money-out-of-it
Dont promote your posts on other peoples posts :) thank you enjoy your day,please use the promotion tabs you are able to use on discord