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Bitcoin Price Explodes to $3,212 New All-Time High, Factors by contentjunkie

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bitcoin · @contentjunkie ·
$3.17
Bitcoin Price Explodes to $3,212 New All-Time High, Factors
<center>https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy83NWQzZTliYTZlMDM2MzVkYWFkM2RkOTMzOTRjNTYxMC5wbmc=.jpg</center>

From Cointelegraph
<blockquote>
On Aug. 5, less than four days after the Bitcoin Cash (BCH) hard fork, Bitcoin price surged drastically within a 24-hour period, recording a new all-time high at $3,212.

Previously, Bitcoin price broke the $3,000 mark mostly due to optimism surrounding the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).

However, shortly after that, a major market correction led Bitcoin price to fall to $1,900, and it stabilized at around $2,500 amidst uncertainty regarding SegWit and the execution of the BCH hard fork, which was initially proposed by Bitcoin mining equipment manufacturer Bitmain.
</blockquote>

<center>https://cointelegraph.com/storage/uploads/view/17612a5b26f9d31037bb5277c2b9e56f.png</center>

<blockquote>
Malleability
As Cointelegraph previously reported, various SegWit experts including Blockstack co-founder Ryan Shea have described Bitcoin as a “Swiss Army Knife” of a solution, because of the wide of range of Bitcoin’s existing problems it solves.

Most notably, SegWit is expected to scale the Bitcoin Blockchain by 75 percent while eliminating transaction malleability, which has recently become a major security issue for BCH.

Bitcoin Core developer Peter Todd emphasized the necessity of SegWit on the Bitcoin network following the announcement of ViaBTC on Aug. 5.
</blockquote>
Read more:  https://cointelegraph.com/news/bitcoin-price-explodes-to-3212-new-all-time-high-factors

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vote details (101)
@jakvier · 
Wow, bitcoin does not stop, good post friend, thank you very much for sharing
👍  
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vote details (1)
@melea · (edited)
![3200.png](https://steemitimages.com/DQmc3gVaia7qzAMCUgE2ap52nDiXPU2aDfSzZn973vmu2oy/3200.png)

![boompom.png](https://steemitimages.com/DQmZ25eaxAqFYEoLwdxjaGGtMXrr1whPJ4Bm2gPZX2fCr5s/boompom.png)
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@ptmikesteem · (edited)
I definitely missed out on getting some Bitcoin early. I here much talk about 4500-5000.
👍  
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vote details (1)
@screenname ·
Re: Bitcoin Price Explodes to $3,212 New All-Time High, Factors
<p>This post has been ranked within the top 50 most undervalued posts in the first half of Aug 06. We estimate that this post is undervalued by $14.07 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-aug-06---part-i">The Daily Tribune: Aug 06 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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