BITCOIN BUSSINESS Why is Bitcoin Price Rising. The Answer May Not Be What You Think.

Greater adoption specially inwards Japan. True.
Higher prices leading to greater involvement as well as media hype. True.
Large investors as well as hedge funds investing. Also True.
More people trust the Core developers. Perhaps True.
Segwit is locked inwards as well as volition activate soon. Maybe True.

But what if the people inwards command permit it !?

So who are these people inwards control? They are the people who but past times their activeness volition touching on the price. No, non the marketplace manipulators equally their desired results are non guaranteed as well as consequence solely temporary. No non the developers or fifty-fifty users. I am talking virtually the people inwards command of the hashing (mining) power, as well as past times their activeness supporting or withdrawing their hashing, affects the success or failure of a chain.

For the showtime fourth dimension inwards Bitcoin history. if the miners withdraw their mining ability from mining BTC, transactions on the BTC chain volition grind to a halt. ( See Chain Death Spiral ) Block confirmation fourth dimension volition live exceeding long as well as user sense then bad that BTC's toll volition collapse. Just the statement that they volition produce then is plenty to touching on the toll negatively.

So why ask maintain they non done then before? Well, prior to the fork, they volition solely wound themselves equally they mine as well as grip BTC. Today they ask maintain some other option. When this strategy plays out, their invention volition brand them all the money that they ask maintain dreamed about.

Some of the miners alongside virtually xl pct of the mining ability ask maintain fought a real bitter battle for big blocks over several years. It was a real nasty, real opened upwards spat alongside both sides spewing verbal diarrhea on social media. This volition non live settled past times exactly a uncomplicated understanding as well as behaviour inwards ask heed that none of the Core developers were acquaint or signed the NYA agreement.

We hear justifications similar :
  • Miners mine the most profitable coin. True, but this is economical activeness non strategy.
  • Miners volition award their agreement. Money talks. Everything else is exactly noise.
  • Segwit as well as BTC is improve technology. Better engineering does non ever win. 

Core developers are non the same equally the regular army of programmers as well as developers pulling for Segwit as well as Side chains as well as Lightning. I cannot fault their passion, zeal as well as dedication. However they are exactly beingness used to force an agenda.

Core developers produce non wishing Segwit2X as well as ask maintain openly said then fifty-fifty coding to exclude Segwit2X transactions. They did non aspect the BCH fork, but fifty-fifty so, are perfectly happy alongside BTC equally it is, fifty-fifty if it loses to the other chain. There volition live no Segwit2X. Simply lay at that spot are no developers for Segwit2X. Core developers volition non live coding for Segwit2X.

The Big Reveal.

This is the Rich List equally at xiii August 2017. The numbers may non live 100% accurate but they produce pigment an unmistakable picture.
                                                      BTC      BCH                        BTC            BCH
                     10000 - meg     121         121                        3011886      3310777     +298891
                     1000  -  10000         1666       1688           +22     3544974      3635319      - 90345
                     100   -   G           16594     16160        -434     3840815      3726874     -113941
                     10   -     100             129880   122874    -7006     4344270      4183607     -160663
                     1   -       ten               464743   424298   -40445    1277766      1163236     -114530

Most of the BCH coins virtually 300K ask maintain been gobbled upwards past times the summit bracket of 121 addresses. If BCH as well as BTC flips at electrical flow valuation, it volition hateful a windfall of exactly over 1 Billion dollars now. When this lastly plays out, it volition brand the "Big Short" aspect similar a pauper's picnic.

All the rhetoric encouraging BTC owners to sell their BCH for BTC, as well as media hype pushing upwards BTC toll helps their strategy, without them lifting a finger. All that is left to produce is switch the chain when they are correct as well as ready. Don't instruct caught on the losing side.

P/S Please share. Help your boyfriend bitcoiners instruct the best data earlier they brand the investment of their future. Fear Of Missing Out specially instantly tin atomic number 82 to unwitting mistakes as well as losses.

Update fifteen August 2017

                          BTC      BCH       TOT        BTC     BCH         BTC       BCH         BTC
                           ( Hash Power )                   ( Difficulty)           ( Block Time )    (mempool)
31 July                 6163                                    860                    
1 August              6440     1525      7965         860        860        9.66        160              5
2 August              6433      378                        860        860        9.47        205              5
iii August              5931      447                        860        860      10.43          41            10
iv August              7749      216       7965         860        225        8.04          75            23
v August              7473      143       7617         860        225        8.13        110              5
vi August              6023      499       6612         860        114       10.28         22              3
seven August              6637      551       7188         860        114         9.41         eighteen            33    
eight August              6835      154       6989         923        115         8.78         62            35
nine August              6200      541       6741         923        115       10.43         fifteen            43
ten August            6165      576       6741         923        115       10.74         xiv            42
xi August            6600      338       6938         923        115       10.00         21            55
12 August            6199      416       6615         923        115       10.66         xx            15
xiii August            6808      440       7248         923        115         9.73         18.46       27
xiv August            5951      522       6473         923        115        11.07        15.82       47

Floating                                           1492

xiv August - Hash Power on BTC reduced to 5951 PH as well as increased on BCH to 522 PH. The BTC chain is starting to slow, alongside mempool at 47MB as well as Blocktime 11.07 minutes. It volition live interesting to encounter if the hash ability increases tomorrow.

The amount of 1492 PH inwards carmine is the departure (7965 - 6473) betwixt the highest recorded as well as today. That amount of hash ability be but is non on the network. Somebody controls it. Watch what they produce alongside it. BCH toll is ascent (0.072) equally the BCT chain gets slower. Let us spotter equally BCH retake its' seat equally the Real Bitcoin. More To Come. Keep Sharing.

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