Important News Update on Bitcoin & Ethereum : offchain transaction ,possible hardfork and split ,Ethereum Metropolis,Bitconnect and Ripple

tinashe (58)in #cryptocurrency • 7 years ago

Today we talking about some important cryptocurrency news. It is a pretty important day, the next 24 hours so let's get straight into it. Everyone's going back to Bitcoin, Bitcoins is back above $4000 or was short-lived little sell off there and I want to tell you exactly why, well the miners are about to swing back to Bitcoin the ones that have swinged over to Bitcoin cash which we did see actually a significant amount of minors that went over to mine Bitcoin cash in the last 4 days, but now it's more profitable to mine Bitcoins it's actually about 150% more profitable.

This is crazy because Bitcoin cash was there for 4 days more profitable and we saw literally a bunch of miners to jump over to the Bitcoin cash blockchain so many that, they mined it so much that it had 4 times increase in difficulty just because they were mining in blocks like every couple minutes. The algorithm got more difficult for them and now it is less profitable to mine Bitcoin cash that's why I everyone is jumping back over to Bitcoin.

This will happen for some time it's going to be interesting to see what these miners continue to do if they keep jumping back and forth, it's going to cause some swings and difficulty and I am not sure how that's going to affect the price but price could be affected a little bit as well. I think that since Bitcoin is now profitable we have a chance to reach that $4500 level that everyone has been talking about.

I also want to talk about the Segwit which is a part of Bitcoins a little transition here this last month and it's going to be activated in the next 24 hours or less and that's going to basically be bringing off chain transactions to Bitcoin so it'll be interesting to see how that affects Bitcoin especially since they have to consider replay attacks and Implement replay attacks and so they're actually making their be talks about another hard fork in November so keep that November date in your mind yeah we might be getting another split in Bitcoin in November so we could see an upward swing here and then possibly sometime in October we could be seeing a downward swing but then a good time to buy because we might get some more basically free Bitcoins. So keep that in mind for the future.

Let's look at Ethereum because it's gaining some traction here especially with all this fag talk fear uncertainty and doubt. With another fork in Bitcoin people just might not want to go through all the stress and so there are talks that people are actually moving their money to Ethereum currently. There's also a huge demand for cryptocurrencies in Korea right now and we see that Korea actually was one of them that bought up Bitcoin cash once it was more profitable and also Korea is providing a lot of demand for Ethereum right now as well.

Also, there are important dates that need to be talked about with Ethereum and that is Metropolis. Metropolis is going to be activated on the Ethereum blockchain and they have been talking about Metropolis in the road map that was released earlier in 2017. It's going to make transactions a little bit more anonymous on the Ethereum Blockchain. That's going to make it easier to program smart contracts so we might even see even more ICOs coming out that are Ethereum backed and I don't know if that's going to be a good thing or bad thing because obviously, we want people that are developers and not your average joe.

On Metropolis, they've been talking about how it's actually going to be making Ethereum more difficult to mine and that's important to know because if it's going to be more difficult to mine Ethereum then transactions might actually slow down Ethereum miners might not think that it's profitable to mine on the Ethereum network anymore so they could switch over to for instance which is now doubled in price almost since in less like few days and it's also pretty easy to mine Monera so we could see a surge in Montero prices as well once this Metropolis kind of comes out and Ethereum miners feel that it's no-longer profitable to mine on the Ethereum blockchain.

is ripping higher we know that ripples gaining some traction in China. So a lot of investors that have been owning Ripple for a while it was stagnant, I think it was between $0.16 and $0.18 well now it's up to like $0.24 I haven't checked it for a few hours so I should be interesting. Also, I wanted to comment on bitconnect I know you guys have joined up with my referral link I definitely thank you guys all for that we've been earning great interest right around 1% and sometimes over 1%. So you know we've been earning great money on Bitconnect. I really do thank everyone that has joined up on the referrals and do appreciate that, definitely share your own referral links if you've signed up under me and try to make some more money on those referrals.