The price of bitcoin fell sharply yesterday as market reacted to news that Bitfinex, one of the largest digital currency exchanges, had been hacked. But even before that, Bitcoin price was already on decline, and there is a lot of discussion if some insiders knew about Bitfinex hack before the other traders did.
Anyway, last night price was roughly 20% lower than the day’s opening of $607 and 27% below the high of $658 reached on Saturday, when the digital currency began pushing lower. But, what will happen next with Bitcoin price?

As CoinDesk writes, the drop below $600 may also indicate a change from the bullish sentiment that has so far characterized 2016. For example, Joe Lee, founder of leveraged derivatives trading platform Magnr, stated that bitcoin's drop below $600 could indicate that the currency's long-term fundamentals are weak.
Bitcoin price on September 1
On the other side, Tim Enneking, chairman of cryptocurrency investment manager EAM, interpreted the recent price decline as evidence of a post-halving fallback, further stating that bitcoin will find support above $500.

Currently, Bitcoin price is at today’s high of $554, after being at today’s low of $524. So, will it go up over $600 once again, or even $650 or higher? Or will it once again go above $550, or even under $500? You surely have your own opinion on this matter, and don’t miss the chance to predict the Bitcoin price on September 1 at Fairlay.

Will Segregated Witness be activated before 2017?

Occupied with some other important topics, we moved our minds a bit away from Segregated Witness, or 'SegWit' for short, but recently it once again started to be part of the trending topics in Bitcoin community.

And it should, as this upgrade to Bitcoin protocol might be the most significant improvement to the protocol ever. It is set to fix transaction malleability, offers an effective block size increase, enables development flexibility and so on.
Segregated Witness to be activated in 2016?

But, when will SegWit be activated? You have the next steps in SegWit activation process described at Bitcoin Core website, so we surely have few months more before we get miners (at least those representing 95% of hash power) to lock in this soft fork.

At the start of the year, most people in the community thought that it will be activated during the summer, but that didn’t happen, so now you have the end of the year as the time when SegWit activation could happen. So, what do you think?

We talk for months about following US Elections, but things got even more interesting these days. Especially yesterday when, while Democrats started their National Convention, Political analyst Nate Silver’s latest forecast had Donald Trump with a 15 percentage point-greater chance of beating presumptive Democratic nominee Hillary Clinton.
Next President

But, even if Trump becomes the next President, will Republicans be able to keep the Senate as well? These elections will also be held on November 8, with 34 of the 100 seats in the Senate being contested. Currently, Democrats are expected to have 10 seats up for election, and Republicans are expected to have 24 seats up for election.

However, as of June 7, only 9 Democratic held seats are in contention, as the Democrats have already secured California, with the top two finishers in the California Senate jungle primary both being Democrats. So, Senate race is really tight, though some recent polls showed that Senate Republicans have taken big leads in key battleground states.

Will Republicans keep the Senate?

These polls at the same time showed that Donald Trump at the top of the ticket may not be as damaging for congressional candidates as some party leaders feared and complicating Democrats’ hopes of taking back control of the chamber. All in all, it looks like favors are currently going in Republicans’ favor but could that change till November?

What will happen with Ethereum Classic, and what will its price be at the year end?

A project called Ethereum Classic, initially dismissed due to a lack of vocal support, got in the center of attention yesterday as Poloniex, long the largest exchange for ethers (ETH), the digital currency native to the ethereum blockchain, added support for the native token running on the Ethereum Classic blockchain, called classic ether (ETC).

This move by Poloniex has succeeded in invoking a highly politicized debate, given its implications for wider conversations across the blockchain industry. It went so far that Chandler Guo, a well-known and respected figure in the Chinese digital currency community even stated that he, assisted by other miners, will 51% attack Ethereum Classic as soon as possible.

ETC vs ETH: Value of Ethereum Classic at year end

So, what will happen now and will Ethereum Classic survive? As for Guo, this wouldn’t be the first time an altcoin has been 51% attacked, and with this there are chances that it could cease to exist. Thus, in order to survive, Ethereum Classic needs to provide liquidity for the network’s new cryptocurrency.

On the other side, after Poloniex, Bitfinex representatives confirmed that the Hong Kong-based exchange would list ETC as early as Wednesday. But whether other exchanges that list ETH move to add ETC trading remains to be seen. And how much will it go up you can predict now at Fairlay’s ‘ETC vs ETH: Value of Ethereum Classic at year end’ market. So, on which option will you put your money?

Steem is now the world's third-largest cryptocurreny, so what will its price be on September 1?

In the last ten days Steem, a new digital coin, started huge discussion in the cryptocurrency community as its value quickly increased from around 25 cents a coin to around $5. With this rais, Steem established itsefl as the world's third-largest cryptocurreny, behind Bitcoin and Ethereum. But, will it stay there?

As we all know, cryptocurrencies are notoriously volatile, and there is already plenty of people who want to make a quick profit on Steem. But, at the same time, prices can easily go down if those same investors rush for the exits. And many think that this will happen and that current Steem price is already on its high end (currently: $3.60).
Price of Steem on September 1

On the other side, Steem's creators tout it as a revolutionary social-media platform that subverts the business model of Facebook and Reddit, allowing its users to profit from the content they create. Because of this, many think that its price could only go up. Is it true, or is it, and some say 'pump and dump economy that only favors the handful at the top?'

All in all, it will be interesting to see how Steem develops in the future, and what will happen with its price. So, now you have few different price ranges that could meet Steem on September 1. Will it go up, down, or stay on the current price level? And, what is your long-term opinion about Steem, do you agree that it is a great idea or just a dump economy?