Bitcoin ETF: Worlds first Cryptocurrency ETF approved

Neutral Bitcoin ETF: Worlds first Cryptocurrency ETF approved

The upcoming Bitcoin Cash BCH fork is what everyone is talking about. It is scheduled for tomorrow, 15th November.

Bitcoin came into existence in 2008 when Satoshi Nakamoto released the Bitcoin Whitepaper and the aim was to make a peer-to-peer electronic cash system. In 2009, Satoshi released the code for Bitcoin. Satoshi left the project in 2013 and vanished from the Bitcoin world, not to ever come back again. He handed over the project to a small group of developers.

It is believed Satoshi Nakamoto might have Hard-Forked the original Bitcoin code multiple times in the early years, after which multiple coders and developers joined and started working on the Bitcoin code.

Issues within Different Teams, welcome Bitcoin Cash

Right after Satoshi vanished, consensus issues started arising between different teams/developers who wanted to implement different upgrades in the current codes. There was no consensus mechanism that can help everyone to agree on an upgrade.

Fast forward to 2015-16-17, we have thousands of developers writing code for Bitcoin, divided into certain teams. Some people wanted " Bigger Blocks" and some people wanted " Lightening Network" for example. The fight between different "features" led to developers divide into teams. In 2017, the first major Bitcoin Hard Fork happened that led to "Bitcoin Cash" and the original blockchain started being referred to "Bitcoin Core" or just "Bitcoin".

Forking the Fork

On November 15, the forked Bitcoin Cash is being forked again. Two teams being "BitcoinABC" and "BitcoinSV" or Bitcoin Satoshi Vision. the two groups of teams are updating the Bitcoin Cash in a certain way. Craig Wright or Faketoshi leads one team of BitcoinSV, others are on the side of the BitcoinABC side. This split is very similar to the 2017 Hard Fork of the original Bitcoin.

The Real cause for the Forks

It is presented to the public as a political drama and technical details for the fork, but the main cause of such forks is a lack of a formal governance process to help everyone agree on how to upgrade the software. A governance process can be a formal voting process where everyone can come to a common agreement. It can be similar to the elections. This governance process does not mean that we need a government involved in the process, but it means there has to be a process where everyone can agree on a decision based on a majority vote. This lack of a process for a "final decision" is the key cause of Hard Forks, which are usually portrayed as technical upgrades for normal people or investors, who do not care of all small technical issues.

Profit Opportunity during/after the Fork

In 2017 during the Bitcoin Fork, many investors bought BCH in the hype created and gradually lost their investments during the process. A " wait and see" approach can be the best way to profit during the Hard Fork. Small investors should stay safe and not "dump" their BCH for the hype created by media and the two teams. As an individual investor, I consider the second version of BCH as a " bonus ". What do you feel about my thinking process? Your comments are welcome below.

11/18/2018 / 07:32:01 Source: coinnounce

BTC
1 BTC=$3,741.53
XRP
1 XRP=$0.3638
ETH
1 ETH=$104.53
XUC
1 XUC=$2.20
EOS
1 EOS=$2.69
BCH
1 BCH=$112.52

News Feed 50

Cointelegraph - Crypto Could Represent New Asset Class in Next Decade, Says BitMEX CEO read more.
12/19/2018 / 02:05:00
Bitcoin.Com Neutral - Russians to Be Allowed ICO Investments up to $9,000 per Year read more.
12/19/2018 / 01:55:45
Ccn Neutral - Court: Dark Web Bitcoin Murder-For-Hire Suspect Remains Under GPS Monitoring read more.
12/19/2018 / 01:55:34
Cointelegraph Neutral - Galaxy Digital’s Novogratz Does Not Expect Bitcoin Price to Sink Much More read more.
12/19/2018 / 01:20:00
Themerkle Negative - XRP Price – Can Support Hold at $0.35? read more.
12/19/2018 / 01:17:28
Bitcoinmagazine Neutral - Coinbase Now Lets You Convert your Altcoins into Bitcoin read more.
12/19/2018 / 01:02:10
Themerkle Neutral - Bitcoin Price Watch: Most Major Cryptocurrencies Are Up read more.
12/19/2018 / 01:00:50
Bitcoinist Neutral - What’s Next for Bitcoin Miners in 2019 Amid Lower Price? read more.
12/19/2018 / 01:00:44
Ccn Neutral - The Big Short: Former IMF Economist Finally Closes Year-Old Bitcoin Short read more.
12/19/2018 / 00:55:10
Cryptoglobe Neutral - Coinbase Pro Supports a 2nd Stablecoin (DAI, MKR), Golem (GNT), Zilliqa (ZIL) read more.
12/19/2018 / 00:32:00
Ccn Neutral - Coinbase Pro Adds Another Four Ethereum Tokens Including DAI read more.
12/19/2018 / 00:22:33
Bitcoin.Com Neutral - Only Sharks Will Feed on the Crypto Market’s Elusive Price Bottom read more.
12/18/2018 / 23:55:17
Cointelegraph Neutral - Spanish Renewable Energy Operator to Trace Electricity Generation With Blockchain read more.
12/18/2018 / 23:45:00
Bitcoinmagazine Neutral - Pierre Rochard: “Lightning Adoption Will Basically Mirror Bitcoin Adoption” read more.
12/18/2018 / 23:34:48
Cryptonewsreview Neutral - Bitmain’s problems mount as crypto declines cast doubt on IPO plans read more.
12/18/2018 / 23:31:15
Ccn Neutral - Swiss Federal Council Opts for Minimal Regulation read more.
12/18/2018 / 23:22:03
Coindesk Neutral - Institutional Crypto and a New Generation of Wall Street Leaders read more.
12/18/2018 / 23:15:08
Cointelegraph Neutral - JPMorgan Chase Analysts Say Prolonged Crypto Bear Market Is Scaring Off Institutions read more.
12/18/2018 / 23:15:00
Themerkle Neutral - Darknet Vendors Charge $1 per Stolen Personal Data “Account” read more.
12/18/2018 / 23:07:56
Cointelegraph Neutral - Bitcoin Payment Processor Closes Seed Investment Round Backed by Tim Draper read more.
12/18/2018 / 22:40:00
Coindesk Neutral - Blythe Masters, CEO of Blockchain Startup Digital Asset, Is Stepping Down read more.
12/18/2018 / 22:31:14
Ccn Neutral - Wanchain 3.0 Adds Loopring Enabling On-Chain Decentralized Trading read more.
12/18/2018 / 22:19:57
Bitcoinist Neutral - Binance CEO Says ‘It Doesn’t Have to Be a Competition’ With Coinbase read more.
12/18/2018 / 22:00:09
Cointelegraph Neutral - Gaming Giant Atari to Launch ‘Blockchain Versions’ of Two Popular Games read more.
12/18/2018 / 22:00:00
Coinspeaker Neutral - Maltese Blockchain Bank Set to Start Operations by Mid-2019 read more.
12/18/2018 / 21:59:43
Cointelegraph Neutral - Russian Region Conducts Blockchain Election With 40K Participants read more.
12/18/2018 / 21:45:00
Newsbtc Neutral - Bitcoin Is Here to Stay: Blockstream Satellite Expansion Makes Sure of It read more.
12/18/2018 / 21:30:37
Cointelegraph Neutral - Pro-Bitcoin Official in the White House: What We Know About Trump’s New Chief Of Staff read more.
12/18/2018 / 21:20:00
Ccn Neutral - Binance Labs Launches 8 Blockchain Startups read more.
12/18/2018 / 21:16:31
Newsbtc Neutral - Novogratz: Interest Left Crypto for Macro, But Bitcoin Will Emerge As Store of Value read more.
12/18/2018 / 21:02:27
Bitcoin.Com Neutral - Cointext Rolls Out Mobile BCH Services in Bangladesh, Now Services 38 Countries read more.
12/18/2018 / 20:55:03
Cointelegraph Neutral - Korean Gov’t Pilots Blockchain for Logistics Innovation in Country’s Largest Port read more.
12/18/2018 / 20:54:00
Cryptoinsider Neutral - VeChain: Supply chain management protocol for counterfeit prevention read more.
12/18/2018 / 20:43:28
Coindesk Neutral - Overstock’s Medici Acquires Digital Tokens Representing Startup Equity Shares read more.
12/18/2018 / 20:41:31
Ccn Neutral - Bull Gone: Bitcoin Price Forming Doji to Signal Potential Trend Reversal read more.
12/18/2018 / 20:21:38
Themerkle Positive - Bitcoin Cash Price Rises to $100 And Overtakes Litecoin read more.
12/18/2018 / 20:00:51
Newsbtc Neutral - Bitcoin Sustains Above $3,500 After Widespread Market Rally read more.
12/18/2018 / 20:00:36
Coindesk Neutral - Tim Draper Invests $1.25 Million in Bitcoin Payments Processor OpenNode read more.
12/18/2018 / 20:00:06
Cryptoglobe Neutral - The Week: Stablecoin Basis Folds, Revolut Wins Banking License, Swiss Crypto Exchange Launching read more.
12/18/2018 / 20:00:00
Ccn Neutral - Stablecoin Company Tether Ltd. Made $6.6 Million in Interest from January to July 2018, Report Does Not Confirm Full Cash Reserves read more.
12/18/2018 / 19:23:04
Ethnews.Com Neutral - German Bank Tests Blockchain For Development In Africa read more.
12/18/2018 / 19:09:38
Themerkle Neutral - First Major Christmas 2018 Crypto Scam Targets Basic Attention Token read more.
12/18/2018 / 19:02:37
Bitcoinist Neutral - Blockstream Satellite Now Means Most Of The World Can Use Bitcoin Without Internet read more.
12/18/2018 / 19:00:09
Cryptoglobe Neutral - Iran Minister Indicates Support for Blockchain, Both Public and Private Uses read more.
12/18/2018 / 19:00:00
Ccn Neutral - Atari Partners With Startup to Make Blockchain Versions of Popular Titles like Roller Coaster Tycoon read more.
12/18/2018 / 18:56:55
Cointelegraph Neutral - Israel: Financial Services Firm GMT Joins RippleNet read more.
12/18/2018 / 18:52:00
Ethnews.Com Neutral - Reports Indicate Tether Has Held Adequate Reserves read more.
12/18/2018 / 18:43:43
Cryptopotato Neutral - EOS Block Producers Are in Risk of Bankruptcy Despite The Recent 25% Price Gain read more.
12/18/2018 / 18:34:32
Newsbtc Negative - Bitcoin Scam Alert: Criminals Demand BTC Payment to Call Off Hit Man read more.
12/18/2018 / 18:30:39
Ccn Neutral - Education The Biggest Barrier Preventing Online Investors From Purchasing Cryptocurrency read more.
12/18/2018 / 18:23:47
Negative
4.2%
Neutral
94.5%
Positive
1.1%
Mixed
0.2%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.