Bitcoin has updated the annual minimum. Who is to blame for the market crash?
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Today will be remembered for a long time. Even at lunch, the market capitalization of cryptocurrencies was 209 billion dollars, and in the evening figure unexpectedly dipped to 187 billion. Bitcoin was designed to peak 5765 dollars. Other cryptocurrencies from the top, not counting the Tether, lost from 10 to 16 percent of the cost. To write off what is happening on the mysterious whales it is impossible — the situation is much more serious. Understand what is happening.
The Collapse took place before November 15. Update the network was the reason for the present war among developers. Recall, the future BCH can become three coins.
the-
the
- ABC with the ability to create smart contracts; the
- Bitcoin SV with increased block size to 128 megabytes; the
- Unlimited Bitcoin with the advantages of the first two options.
ABC Bitcoin Bitmain support, Binance, Bitcoin.com and Coinbase. SV Bitcoin will get support from CoinGeek, SV Pool, and Cobra. What is particularly important for SV acts, Craig Wright, also known as the "Factory". Despite the nickname, it should not be underestimated. Have to Wright a huge impact in the community, BCH and a large stockpile of bitcoins. Some sources say a million BTC in the wallets of Craig.
thedropped Why Bitcoin
The closer the date of the update, the situation became more tense. Monday active supporter of BCH VIN Armani on the plan Craig Wright and Kelvin Ear to hold a 51 percent attack on the Bitcoin network Cash and other cryptocurrencies. The first is the need for the decline of canplete Bitcoin SV.
The next day, Calvin's statement indirectly confirmed it. According to him, the plans, nothing personal, it just business.
Bitmain is trying to translate it into the plane of personalities. For team CoinGeek we are talking only about profit, and BitcoinSV is the only option for miners who want to earn. We need to protect our substantial investment in mining.
The Situation continued to develop. After the fall of the market version connection with the upcoming hardforum Bitcoin Cash , because he slipped BCH stronger than the other coins.
However, things can be much harder. Before the fall of the market Craig published the tweets that raise many questions.
At First he spoke about the "war room" where the team is ready to conduct specific tests. For a start, they had to throw "shit" in the face of ABC and "to legitimize neutral money."
by the hete in the war room… ready to start the tests of the where Bitcoon can become global cash.
Test one, removing the turds (ABC) and neutral legitimising money…
Ready to kick ass and move forward.
— Dr Craig S Wright (@ProfFaustus)
Then Wright sent a message to all miners of Bitcoin. In the case of switching on the extraction of BCH miners will have to Finance the process at the BTC. So — sell it for dollars and thereby reduce the rate of the home currency. Because have to sell a lot, for the market of Bitcoin will not remain place. In the end Craig even hinted at the chance of dropping BTC to $ 1,000.
To all BTC miners…
If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well… we think the BTC market has no room… it tanks.
Think about it. We will sell A Lot!
Consider that….
And, have a nice day(BTC to 1000 does not phase me)
— Dr Craig S Wright (@ProfFaustus)
After that he mentioned the competition in the face of Jihan Wu and Roger Faith. Wright said that they will have to merge a lot of bitcoins to pay for rented Hasrat. If "war" drags on, users should expect the Bitcoin exchange rate at the level of 2014. That is $ 600 per coin.
Oh. And And selling… they will also have to sell BTC to pay rented hash.
If this is a long war… expect 2014 prices in BTC… think what that does…
Have a nice day
— Dr Craig S Wright (@ProfFaustus)
Followed whether the following statements real actions is unclear. While the rate of the BCH suffering more than others, so the money is clearly no one buys. Perhaps things will change tomorrow, when . By the way, the process will surely be interesting — the power-sharing promises to become serious.
Now the market has fallen further. Capitalization is 183 billion dollars, Bitcoin has dropped to 5600 dollars. If the miners will follow the advice of Craig and will switch to BCH, the rate of BTC will fly deeper. And even if it is not, to play havoc can a panic among holders. Still such a shock after a protracted flat and the lack of volatility is too much.
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