Vlog #60: Bitonic (Biggest Dutch BTC dealer) no longer fears a BTC split.
I use a company in the Netherlands called Bitonic to trade bitcoins to euros and vice versa. They have been around for a long time and have a great service. They even have their own Exchange. (BL3P.eu)
On the 20th of July, they released a news bulletin saying they would stop trading BTC around August 1st until all the unrest around BTC is solved.
But today they updated the bulletin saying that a split in the BTC network has been reduced so much that they won't stop trading/selling.
That sounds pretty positive to me. And I hope they are right I want this unrest gone too.
UPDATE 24-07-2017 10:00: The risk of a split in the bitcoin network seems to be such that we are no longer planning to stop the trade in Bitcoin. Of course, the circumstances can still force us to review this decision and we will immediately inform you, but for now we do not see any reason to do so.
Source: https://bitonic.nl/en/news/142/update-possible-disruption-bitcoin-network
I did hear about a new upcoming coin called Bitcoin Cash. It will be a split from Bitcoin. With 8mb blocks and no Segwit. It's even tradable on an exchange even before it exists. Talking about speculation!
But then again I never thought ETC would have any merit and that's trading for $13 now. But that was created after a fork! This is before.
If you have any BTC going into the fork you will automatically also have Bitcoin Cash. Make sure you know the private key of your wallet. I have all my BTC local not on an exchange until this is over.
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That's really great news. Thanks. Hopefully it will turn round all the crypto prices soon. I upvoted you with full power.
Thanks!
It's good to know that Pizza day was such a success. I'm glad that BTC won't split as that would probably affect the entire cryptocurrency market. I'm curious to see how well Bitcoin Cash with perform. I'll monitor how well that performs in the next couple months.
I'll monitor it along side you :) I'm very curious.
That's good news. I don't think there will happen a lot by now. What do you think will happen yourself?
I'm always nervous with these things (That because of my DAO experience). I think it's looking stable for now but any rumor or doubt can cause big swings.
Yes that's for certain. Fijne avond!
That's the thing. If you're a good day trader you have a really nice time these days. As you said, any rumor can cause gigantic swings weather they're true or not
I just wish they would stop messing with my money!
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O I agree! and Thanks but 'Steemit Social Media Queue' whats that?
I was wondering the same thing.
That's very encouraging to see an exchange feels that confident there will not be a fork and are going ahead with business as usual. I've read where Bitcoin Cash is primarily backed by miners from China. Don't know if that is accurate or not.
I've said before that I see BTCs value in being as it was first to market and is the most widely accepted coin. As my knowledge has increased in this space, I've questioned many times the inherent value of BTC outside of the aforementioned circumstances. To this point in time all other coins simply act as derivatives of Bitcoin. I've converted all my BTC into the altcoins I feel have the best real world applications, Dash, Steem and EOS. I could be very wrong in doing this. Time will tell. Great post brother! Have a great day!!
Great insight, I have done the same!
gREAT nEWS that BTC is now trading normally, everything is going to normalisze by next week.. thanks @exyle for sharing about Bitcoin Cash.
There's a lot of uncertainty in the air about August's UASF. Japanese stores are not going to accept BTC on the 1st of August. Good to see that some countries and exchanges are not fearing this.
Thank you so much @exyle for this updte !
👍👍👍 👍👍👍
Upvoted and Resteemed !
Just hold in steem and transfer once it is done . Thanka for the other nice update my friend :)
Hope you only achieve better and better things in life. The smiles you have on every post make me even feel happy ^^
Cheers !
Ready for Aug1 to come and go!