Bitcoin SKYROCKETS To New Highs Following Segwit2x Delay!
In this video, I break down today's Bitcoin rally to $7800 USD following the announcement that Segwit2x would be postponed due to lack of public consensus.
The Segwit2x fork was put forward by The Digital Currency Group (DCG) which is headed by Barry Silbert, a former investment banker. Mastercard is also an investor in the group. DCG includes board members like Glenn Hutchins who sits on the board of The Federal Reserve Bank of New York and is also a former adviser to President Bill Clinton.
Lawrence (Larry) Summers is also a board member of DCG.
This is the free market at work. People have denied a potential takeover of Bitcoin because they understand the cryptocurrency and want nothing to do with the fork.
This announcement has led Bitcoin to hit new highs and some analysts have pegged it as hitting $7900 USD while Coinmarket Cap pegged it at nearly $7800.
Bitcoin can definitely use a breather, but new interest continues to bring its value up higher and altcoins are starting to skyrocket as well, such as OmiseGo, Dash, Wave and EOS.
Bitcoin is based in scarcity and demand due to a cap of only 21 million coins by the year 2040. Application is also a big deal and due to the adoption of Bitcoin's use in many countries and the CME announcing the use of Bitcoin futures (which is only a risk to those willing to actually buy Bitcoin futures), application is skyrocketing as well.
We will see how this incredible innovation continues to make fiat and the central banking system laughable.
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hello
To investors in the currency market here are some tips that may avoid you big loss and give you a lot of profit
1 - Avoid margin buying and short selling because the burden of losing it exceeds your capital and lead to bankruptcy if you missed your expectations.
(Do not trust your expectations very much, because they may let you down)
2 - Do not believe the rumors, because the effect is imaginary and not real.
(Rumors of how much money was wasted, and lost of times)
3 - Do not risk everything you own, when you decide to sell or buy.
4 - Do not rely on one income method, invest to create another source of income (do not put eggs in one basket)
And then this happened.
Is that the speculators going back to altcoins, looks that way.
altcoins are all green also
Hi ,
Thanks for the great content