Bitcoin Price Soars As Everyone Wants a Bitcoin Cash Lottery Ticket on August 1st
Currencies / Bitcoin
Jul 29, 2017 - 04:15 PM GMT
Bitcoin has been soaring in recent days and it is likely due to the fact that there will be a bitcoin hard fork on August 1st.
BIP91 has already been activated but a hard fork called Bitcoin Cash will still occur in just a couple of days.
Many speculated that a fork would cause the price of bitcoin to drop. But that is far from the case. And it makes sense that the price is actually increasing on this news because if you hold bitcoin properly (more on that soon) you will end up with both Bitcoin (BTC) and Bitcoin Cash (BCC)... and we know from experience with the Ethereum fork into Ethereum and Ethereum Classic, that the two combined can be worth much more than just the one.
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Bitcoin Price Soars As Everyone Wants a Bitcoin Cash Lottery Ticket on August 1st
Currencies / Bitcoin
Jul 29, 2017 - 04:15 PM GMT
Bitcoin has been soaring in recent days and it is likely due to the fact that there will be a bitcoin hard fork on August 1st.
BIP91 has already been activated but a hard fork called Bitcoin Cash will still occur in just a couple of days.
Many speculated that a fork would cause the price of bitcoin to drop. But that is far from the case. And it makes sense that the price is actually increasing on this news because if you hold bitcoin properly (more on that soon) you will end up with both Bitcoin (BTC) and Bitcoin Cash (BCC)... and we know from experience with the Ethereum fork into Ethereum and Ethereum Classic, that the two combined can be worth much more than just the one.
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