[UPDATED] Is Bitcoin stalling? Last block 30 minutes ago.. [BITCOIN]steemCreated with Sketch.

in #bitcoin7 years ago (edited)

[UPDATE]
We finally got a block mined after 68 minutes nearly 7 times the normal amount. I will continue to update this post as we track the BIP 91 roll out and how miners respond!


Looks after BIP 91 we are having a lag time in the estimated 10 minute block creation time. After more than 3 times the average block creation time we are still stuck at block 476771.. Could this be a backlash from miners who did not want BIP 91?

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Yes probably! Not only miners who were opposed, but even the miners that didn't change because of "reasons" . The freak show is on it's debute!

I am very worried if we don't mine a block in the next hour that prices turn down and we see MASSIVE sell offs and FUD spread..

well, you are 100% right! Spread will be the least of our problems. A massive correction is likely to occur, because of the Vc's already cashing out, before august. I'm starting to see some strange articles popping out scaremongering about BIP 91

exactly! I am writing this not to spread FUD but to warn people from a technological stand point what is going on! Thanks for the input I followed you!

In this post I examine why the UAHF is probably going to cause a short squeeze on Bitcoin this weekend leading into next week. You can make money on this, but it will be risky.
Why the $BCC Fork Will Cause a Short Squeeze in Bitcoin That Affects You

Thanks for reading, I'll take a look at your posts and followed you back!

Maybe we do have 1 more bottom out before August.

Very nice images, I likes
I love to join steemit and to help earh other
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Mega rollercoaster for sure...

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