Bitcoin, Bitcoin Cash, Bitcoin Gold and SegWit2X, a week of insanity at Satoshi Home!

 The Bitcoin  market is at a complete moment, where this cryptocurrency goes down, the  Bitcoin Cash goes off, while the fork of SegWit2X is canceled and the  Bitcoin Gold is nothing to start the mainnet.

We are facing a complex four-way situation within the cryptocurrency market. This  week has passed everything and still missing things to spend in the  last hours of the day of the week and those that will happen next week. We come from the announcement of CME Group to include Bitcoin futures operations, something that made this currency go up a lot. This week we learned that the SegWit2X, scheduled for the end of the month, will not be implemented due to the low consensus. This movement caused that Bitcoin passed the $ 7,750 and immediately after, it began to fall. 

 

The  fall of BTC has caused the rebound effect that the value of Bitcoin  Cash touch its historical high passing the $ 2,400, rising a lot between  the afternoon of Saturday and this weekend. BTC  has fallen to $ 6,000-6,500 and the capitals that have left this  cryptocurrency have gone to the BCH, in a curious move and it seems that  some members of Bitcoin Classic want to close or set aside this  cryptocurrency and bet by BCH, which has caused a large increase in its value. The situation is so complex, that even these members, inside Bitcoin  Classic ensure that BCH can become BTC, although this is very  complicated.

The  third element that is causing instability, a completely unknown  user or group of users that requires the implementation of SegWit2X and  whose real identity is unknown. This  entity (let's call it that at the moment), also wants to forcefully  implement the fork, although users do not want to do so. In addition, among the threats are to leave the BTC network and claim  to have 30% of the hash of the network, so it would be a problem,  although this information can not be verified, unfortunately.

We closed the plot with Bitcoin Gold, the cryptocurrency that opens the mine this afternoon at 20:00 in Spain. This  cryptocurrency is born as a fork of the BTC, which aims to return the  mining of the cryptocurrency to users, thanks to use of Equihash, which  allows mining with graphics card and processor, without the need to have  specific mine rigs. Also  with other advantages, among them, that the difficulty is scaled  individually in each block and that its blockchain works in parallel  with BTC, by which we can mine Bitcoin Cash and make an automatic change  to Bitcoin, without having to perform the operation in houses exchange.

I hope you enjoyed the reading! Thank you!