[2017-08-07] Bitcoin hits historical maximum while BCH hacked

[CryptoBry]

Within the last weekend, the bitcoin exchange rate grew over the $3,325 mark. It is another historical maximum for the world's most popular cryptocurrency.

The capitalization of bitcoin has exceeded $54 billion. Bitcoin began to grow on 4 August. In the morning on 4 August the rate of this cryptocurrency fluctuated around $2,800, and early in the morning on 5 August bitcoin overcame $3,000, and then within the day it several times crossed the $3,000 level.

The reason for bitcoin growth hides in the successful implementation of a hard fork, which was held on 1 August. The hard fork did not cause significant problems in the main bitcoin chain. But that cannot be said about the alternative token, Bitcoin Cash, born after the hard fork.

Over the weekend Bitcoin Cash has fallen in price by more than 1.5 times. If on 4 August it traded at $340, then by 7 August its price dropped to $200. The priced dropped after the biggest cryptocurrency exchanges for Bitcoin Cash (Bittrex, Bitfinex and Kraken) allowed receiving deposits in Bitcoin Cash. After that, newly born tokens, held on cold storages of their owners poured into exchanges.

Read more here.

People are really interested in the continuing sage of our beloved Bitcoin and the continuing struggle of BitcoinCash (BCH) to gain some footing on the market. Whenever there is a chance, many BCH holders are dumping their share in exchanges. I have done that many days ago and though I somewhat hate BCH I am acknowledging the fact that I receive proceeds (BTC) out of my BCH transaction. Still, thanks a lot BCH and maybe goodbye for now.

[Netnox]

Yup... Bitcoin has crossed the $3,400 mark (since then it has slightly fallen once again to $3,390). But at the same time, I have to say that BCH is holding pretty well till now. The prices have stabilized, and I hope that a spike can start at anytime in the next 2-3 days.

[Baofeng]

Yup... Bitcoin has crossed the $3,400 mark (since then it has slightly fallen once again to $3,390). But at the same time, I have to say that BCH is holding pretty well till now. The prices have stabilized, and I hope that a spike can start at anytime in the next 2-3 days.

Well let's just say that we wish BCH a good price as well. I saw it trading more than $200, which is more me a good price for it and it is really holding. We all know that is has a full backing of some group so I think it will survived in the long run. It could well be pump sooner than expected. I'm feeling that there are still some investors holding onto it and betting that the price may be pump and just go with it later. While Bitcoin is a different story, it has caught steamed right now and I don't know if the train could be stop. Segwit is just around the corner, and could probably be lock-in the next 2 days. So expect another run of bitcoin price to new heights later.

[Kprawn]

Let's be honest... If I had 100 BTC and 100 BCH {free} and I had to choose what must happen to my {free} BCH, I would

much rather have it reach the same price point as BTC for me to increase my profits from these {FREE} coins. Some people

are dumping BCH at an alarming rate and it has only started. I think there might be enough support for BCH, to push the

demand for it, even if it takes a number of months. I sold 50% of my BCH and I bought BTC and I kept 50% {we never

know what might happen in the future} 

[CyberKuro]

Bitcoin has reached over $3400 mark and will continue to rise, just like was expected for bitcoin cash that give free cash for everyone who sell it and poor for them who believe in it and they might regret the decision to bought bch. Meanwhile, free cash flow into bitcoin and now we've seen the result of it.
Bitcoin cash maybe has a chance to stand up again, but for now it has to bend the knee to bitcoin, the first of its name , the King of cryptocurrency.
Dracarys.