Bitcoin Cash Settles At $1400

2017-11-12 • Joe_Coder

If you've been watching the market over the past 24 hours, you've seen what is happening with Bitcoin Cash. The fork of Bitcoin rose to all time highs last night, reaching up to $2497 on Bittrex. Maybe it was just me, but at the peak price the exchange on Bittrex was unable to handle the amount of volume and stopped responding for some time after. If I had not gotten out when I did, I could have easily gotten trapped in this "glitch", I hope if you are reading this you didn't experience this... but I digress..

 

Bitcoin Cash is quickly gaining adopters everyday, noting that the 8MB block sized and faster transaction times make it far superior than the original Bitcoin. With the unexpected delay of SegWit2X, investors are moving money into what they believe is a safer, superior technology. The shift was so extreme that Ethereum lost it's place as 2nd in the Cryptocurrency Market Cap, warranting a response from Vitalik on Twitter congratulating the Team for the achievement.

 

It seems now the dust has settled, and we see some stabilization. Bitcoin Cash has been hovering around $1400, and Bitcoin is currently relaxing at $6k. Many analysts predict that we are not done seeing the decline of Bitcoin Core, but only time can tell.

 

-Joe_Coder

Sign-Up To Leave Comments!

Comments

No Comments Yet, Leave One!
Blockchain Bits

Contact: admin@blockchainbits.io

ABOUT BLOCKCHAIN BITS

Blockchain Bits started as a coding project to learn the basics of PHP. Cryptocurrencies have always been an interest of mine, and I look forward to sharing interesting topics with you all as I continue to develop this site.

DISCLAIMER

Recommendations and Information found on Blockchain Bits are those of writers quoted. It does not represent the opinions of Blockchain Bits on whether to buy, sell or hold any investments. Investors should be cautious about any recommendations given. All investors are advised to conduct their own independent research into individual coins before making a purchase decision. Use information at your own risk.


© Copyright 2017 Blockchain Bits