Fall of quotations of the main cryptocurrencies: What to wait for?

in #bitcoin7 years ago (edited)

Quotations of the main digital currencies promptly fall: Ethereum already costs about $200, Bitcoin has fallen in price to $2300.

The sharp surge in popularity of cryptocurrencies has led this year to the explosive growth of their cost — for hundreds of percent. Interest was shown literally by all: from bankers with Wall Street to the Chinese housewives.

As it has appeared, the system isn't ready to such influx of participants, and now a key question among participants of the cryptomarket is Bitcoin crushing threat, that is currency can divide into two parts.

Processing of transactions with bitcoins is made in so-called blocks which use complex cryptography for confirmation and carrying out transactions. Each block in a chain is limited to 1 MB — before it was enough, but today the system began to work too slowly. Process can sometimes drag on till several o'clock. Because of it many companies providing systems on work with Bitcoin increase the minimum amount of transaction and assess operations by the commission.

The solution is proposed in two ways Bitcoin Unlimited (BU) and Segregated Witness (SegWit). In fact, it as two different schools with different views, and interests of one don't coincide with interests of others. To reach compromise quite difficult, it also frightens participants of the market — just nobody plainly knows that from this will turn out.


For now all main quotations of currencies promptly fall.

By the way, the second fo capitalization and popularity cryptocurrency — Ethereum — for rather short term not the first time is exposed to rigid sales. Now her course has fallen to a minimum since May, 2017.

On July 21, 2017 the software of SegWit2x will be provided, then until the end of a month will check how many what share of mayner works at new system. If more than 80%, it signals about avoidance of splitting in community, but if isn't present — tension will only increase.

In that case Bitcoin most likely will begin to exist on both block chains in parallel that will lead to two versions of cryptocurrency. At such development of the situation it is possible not to doubt that traders will quickly overestimate cost both that will probably lead to high volatility.


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    I guess we can call it the Ethereum dejavu? I mean for different reasons but fork...

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