Bitcoin 20-10-2017 Midday Update / 25 October for Bitcoin Holders / Win With Steemit Coffee

[lordoftruth]

(Bitcoin 20-10-2017 Midday Update)

Expected trading for the rest of day is between: 5410.00 and 6200.00.
Expected trend for the rest of day: Bullish.
Bullish trend try to push the price towards 5800.00 for the rest
of the day unless breaking 5410.00 level.

(25 October for Bitcoin Holders)

Bitcoin Gold will be the new virtual currency that will operate on Bitcoin’s blockchain but will use a different algorithm. This algorithm aims to solve the problem of centralized mining. What we have now for Bitcoin is that over 50% of the mining takes place in China and this goes against the original idea of a decentralized currency. It just happened that a lot of data centers that mine Bitcoin are located in China.

Moreover, the hardware that is used to do the mining - ASIC - are also manufactured primarily in China by basically one manufacturer. As you can guess, this creates an incentive for that company to use its monopolistic market position to ramp up the prices. And they do.

Bitcoin Gold algorithm would be resistant to ASIC mining. This means that mining can be done on other machines so that we truly can aim at a globally distributed ledger and not the centralized version that we have now when the ledger is hosted in a few geographic locations.

So how is this fork going to affect the price of Bitcoin ?
Let us wait and see !

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Steemit Coffee till this moment gave away around 165 SBD
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You Are Never Left Alone
@lordoftruth

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Comments

[goldcoin]

Thanks update.. good contest
Resteemed your post to make more customers.

[mywhale]

Hello @lordoftruth,

Extraordinary review of BTC next hardfork. Discuss it very well. Nice post

~@mywhale

[theguruasia]

@lordoftruth,
BTC Gold I heard it's PoW / PoS currency! Actually no idea what will happen next! But long term wise this is not a good sign for BTC! Anyway your contests are really great things! I hope this time I can win the BTC prediction contest :D

Cheers~

[lordoftruth]

Good Luck

[kouba01]

My prediction is $6000
and 0.956$

[lordoftruth]

For contest visit https://steemit.com/steemit/@lordoftruth/win-sbd10-1-upvote-100-vp-with-steemit-coffee-bitcoin-prediction-contest-11

[shavishtha]

Upvote and Resteem

[stmit]

Thanks for sharing.
100% like and resteem

[chidiebere]

Bitcoin Gold will be based on Equihash so it will be GPU minable. And bitcoin gold will be following the suit of the original bitcoin core developers for the future betterment of their coin because they believe that’s the secure way.

[hassanabid]

best pic ever steemit coffee 😍

[duskmason]

great news

[papa-hello]

Great post thank u for sharing love it

[technical07]

Thank you for sharing

[minnowpond]

@alchemage has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
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[minnowpond]

@cryptohustlin has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo

[pariza]

wonderful post, thanks for sharing, up votes

[bk948]

After the fork Bitcoin price is likely to come down

[taimoorahmad]

No idea what's going to happens next :/ Wished to see BTC standing steady.

[crypto-xyz]

Congrats you see them. :) nice post.. you living your life to the fullest. i want to see more of your post. done following

[agussafrizal]

Nice post,
Good job my frends

[steemwija]

@lordoftruth - Sir, very useful update at this time... I'm fear to this upcoming fork Sir... Nice you decided to talk about it <3 Therefore, I wish to ReSteem your post.

+W+ [UpVoted & ReSteemed]

[madushanka]

Thank you for remind

[kingsberry]

Thank you for update.
Upvote and resteem