ETH has been going strong. The pump is perhaps due to the number of projects and ICOs on ETH platform. There are just so many projects' ICOs that accepts ETH to purchase their tokens. There is not really a big dump happening soon because as other ICOs are ending, some are also just beginning.
ETH gets stronger in other words. Its smart contract technology becomes the main reason why investors like me are attracted to ICO. |
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Previously, Cointelegraph reported that RT host and financial analyst Max Keiser predicted Bitcoin price to “cruise through” $5,000 in the short term.
With the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit) lock-in achieved, the market and investors are expressing their confidence in Bitcoin and its ability to scale.
The certainty and imminence of SegWit activation has definitely acted as a driving factor in sustaining the upward momentum of Bitcon’s value.
Scaling debate on Bitcoin and its block size has been prolonged since 2015 and the activation of SegWit marks a significant milestone in Bitcoin and the first major step towards scaling.
But it is also inaccurate to attribute the surge in Bitcoin price solely to the activation of SegWit.
Throughout 2017, mainstream adoption of Bitcoin by general consumers, traders, institutional investors, large-scale conglomerates and merchants significantly increased.
Such rapid increase in adoption demonstrated the acceptance of Bitcoin as a widely-recognized digital currency, in addition to being a safe haven asset and digital gold to long-term investors.
Three main reasons why Bitcoin price will continue to rise
Bitcoin price will likely increase at a consistent rate in the upcoming months mainly due to three driving factors: adoption by institutional investors, elimination of uncertainty in Bitcoin’s scaling issues and increased legalization of Bitcoin in major economies.
Bitcoin and the entire cryptocurrency market’s daily trading volume has surpassed $5.5 bln, with Bitcoin and Ethereum accounting for nearly $3 bln of the cryptocurrency market’s daily trading volume.
Through highly regulated exchanges including Gemini’s daily Bitcoin auction and the Chicago Board Options Exchange (CBOE)’s Bitcoin integration, institutional investors will be able to trade and invest in Bitcoin with higher liquidity.
Already, some of the largest investment firms in the world including Fidelity Investments, which oversees over $2.13 tln in assets, have announced that they have invested in Bitcoin and Ethereum.
Fidelity CEO Abigail Johnson stated:
"We have built proofs of concepts that accept Bitcoin micro-transactions. We set up small Bitcoin and Ethereum mining operations, just done in the spirit of learning. But I am still a believer – and it's no accident that I'm one of the few standing before you today from a large financial services firm that hasn't given up on digital currencies.”
Perhaps more importantly, uncertainty around a hard fork execution and Bitcoin’s scalability have been eliminated with the recent Aug. 1 hard fork of Bitcoin Cash (BCH).
For years, the Bitcoin community and industry have expressed their concerns over potential security issues of a hard fork but in actuality, the BCH hard fork had minimal impact on the Bitcoin network and the value of Bitcoin and demands towards the digital currency have never been higher.
This is great news. Bitcoin continues to convince more people to invest if that happens. The 3000 mark is as good as the sizzling chicken served hot during Friday dinner but to get to 5000, this is an accomplishment like no other. Make it happen, Team Bitcoin. Make us prouder! |
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Yes, hopefully so. It would make $ as we know it obsolete and it could become a global standard instead of having numerous currencies.
I say yes too. Bitcoin is the future of money. We're now living it. We're now living its various benefits. In the next years or so, Bitcoin, if its market value becomes stable, will become a household name. |
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Looks like forking becomes a habit.
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Too much forking. Why can't we just focus with Bitcoin vs Ethereum?
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If it was The Bitcoin, it wouldn't be called Bitcoin Cash.
I don't see it happening. It's possible but it isn't realistic. Bitcoin is way on top supported by various investors. It's making a loud buzz around the world even without a television ad. |
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Yes. In fact, I'm an active participant in ICO and I encourage every one to join the Everex campaign, goo.gl/E2NDF2 Everex builds a quicker and better remittance system. The team makes use of an ethereum mobile wallet for easy transaction. Transferring money requires to click the app and you're done. |
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one thing's for sure, no demand to use cryptocurrency which is not possible
No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits. |
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My Bitcoin is mostly for future purpose and/or daily spending, or extra shopping that I might need... It basically complements my fiat.
I never use it for fun yet. I choose to invest it on ICO such as Everex. This start-up will build a better remittance system internationally, have you heard it? Anyway, the fun part of using bitcoin will come later. It can wait. |
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http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months. The world just isn't going to be the same and we have been blessed as the pioneers. What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop? One. Save some. Two. Invest the rest. |
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Are you excited?
Not really. Everyone that had a clue about Bitcoin knew Segwit was going in sooner or later. It's the most tested code ever, it's perfectly fine. I'm tired of conspiracy theorists and their bullshit. I wonder where they will go once we get Segwit enabled and nothing wrong happens. They will stick around for a while waiting for a doomsday scenario that will never come, that will be fun to see. They will become like Alex Jones of cryptocurrency waiting for collapse. The price may drop for all I know. People like to sell the news. Just buy the dip, we are going $5000 this year (if NYC agreement clowns don't ruin the price, and hardforkers are always ready to ruin the price with their idiocy) Is that so? Thanks for letting me know. |
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I'm waiting for it. The popularity of TV Advertisement is still alive. People will still follow what they are watching on-repeat. Just imagine the group we can embrace if we'll have an ad that will educate them to invest. Likely, the bitcoin community can convince more millennials and Gen Xers alike. The biggest problem with TV is its expensive rate. An ad will cost millions to syndicate and I'm not sure if the bitcoin community is prepared to take a risk. Perhaps, it's better if we'll only have a segment in a primetime show. If TV remains crazy expensive, it's best if we'll stick with internet marketing to circulate the word. This type of marketing is a lot inexpensive than TV. The results we expect to get takes time but we can still roll the wheel to the right direction. Thanks to this forum! Another thing, bitcoin will stay as the frontrunner of crypto space when we continue to invest in ICO such as, let's say, Everex. Everex is a promising start-up company that can build a better and quicker international remittance service with only a click of a button. Let's support their mission: goo.gl/E2NDF2 Supporting Exerex means we'll continue supporting cryptocurrency, bitcoin and ethereum especially. |
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Who is all expecting a price pump on that day?
I'm a newbie. Please explain why you would expect a price pump on that day? The 8th of August is when Segwit is supposed to lock in on BTC. As we've seen BCC/BCH is no match for BTC. The recent ATH is an indication of things to come. Expect new crazy highs... Let it rain  Good luck to us. This is another opportunity to take. |
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Bitcoin price still remains strong and has grown significantly throughout the weekend despite the hard fork.
...
What occurred with the Bitcoin/Bcash fork was not a real hardfork. For it to have been a real hardfork, a decent amount of miners/hash would have needed to run the ABC client and chainsplit at a certain point in the future, and thus leave the Bitcoin chain forever to join the Bcash chain only. In reality, what occurred was just a Github copy/paste/revision fork. So, since it was performed as an altcoin with the same origin would, as compared to a contentious hardfork, the damages and effects on the ecosystem was lessened, so "Bitcoin remains strong despite the fork" because the "fork" was only an altcoin creation with a common origin, and not an outright attack on the network where the two chains are in an actual hash/chain race competition. When ETH chainsplit from ETC, that was a "non-contentious" hardfork. An altcoin (Bcash) is created when your side of the chainsplit does not have majority of the hash from the "original chain", yet still is surviving, whether by luck or design. Bitcoin is here to stay. It won't go anywhere (I hope). |
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It's a long shot. More people are still confused about the difference between bitcoin and bitcoin cash. So is ethereum and ethereum classic.
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I want to disagree. The ICO will never make use of Ethereum if it's no use. ETH has a value, not as big as bitcoin but it's getting there. Therefore, to say it's useless isn't fair at all.
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It seems unfair to compare the two. Ethereum is now two years old. It's already making a lot of noise around the crypto space. In fact, various start-ups in ICO encourage every one to make an ETH contribution. For example is Everex. Its ICO is on-going as we speak and it aims to collect 70,000 ETH to build a better a global remittance service. Please support their mission: goo.gl/E2NDF2 Helping Everex succeed means you're helping them build a quicker remittance and you're also making ETH the next household name. BCC is a newborn. It's hard to say something about it as it needs more supporters to fully realize the things it can do for the world. |
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I doubt it. While it's possible to chase its success, Bitcoin build an unbreakable foundation. More and more people start to talk about it. The Initial Coin Offering (ICO) also relies on BTC to circulate its good mission around the world. The ICO start-ups make use of bitcoin in an aim to improve the quality of business services that are useful to us. For example is Everex. Everex is a start-up goo.gl/E2NDF2 that aims to build a quicker remittance service internationally. The use of cryptocurrency makes their transaction a lot unique compared to other popular services we know of. |
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Bitcoin Cash to what i see is just another altcoin trying to get the same value of bitcoin. If you want to support that then its your own choice maybe because you see it's worth but for me there is only one crypto king that should remain as bitcoin
Facts first. Bitcoin already existed before Bitcoin Cash. Bitcoin became the number 1 hot item in cryptocurrency while Bitcoin Cash has not yet reached its great potential. As I see it, Bitcoin Cash is a new kid in town who is finding some friends to trust. The new kid might be popular but it takes time to prove himself. The people around him will need to see how unique of a person he is. Is he unique enough to be trusted? Or, is he another generic person with the same story to tell? Bitcoin, on the other hand, becomes a young independent adult. He has various lessons to learn about life but he understands its zigzag roads. If he stays hardworking as he is today, there's no doubt he's on his way to greatness. |
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Did anyone noticed how low the sanction is? Only $611? If he has gotten away using the PC for mining in 2014 then he could probably get around $1000 back then?
Furthermore, Ilyayev admitted to installing the equipment during work and profiting from the mining activity when he was supposed to be working.
I think that alone should be enough to put harsher punishment with this guy. Or even must be terminated for using the PC for his own purpose and profiting from it.
I'm surprised too. He was punished for $611 only. It's clear he goes beyond the rules. First, he used the office property for bitcoin mining, which is an unacceptable activity during working hours. Second, he's also used the internet, which is supposed to be used for work purposes only. It seems $611 was a light punishment unless of course if he's the office owner or one of the investors for their product. There's nothing wrong with bitcoin mining but do it at home. It's not an office activity. |
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