Post
Topic
Board Speculation
Re: "Almighty bitcoin" still pushing
by
ekoice
on 20/10/2017, 10:51:59 UTC
Any idea why the price is pumping so hard?

Bitcoin will fork in less than 2 weeks and everyone holding bitcoin will receive the equivalent amount of bitcoin gold, last time this happened was with bitcoin gold and at its peak it was at about 40% of the value of bitcoin, basically people are looking for a quick free buck.
That expectation of air drop might also be a reason for bitcoin's pumping of price.Investors expect some free coins in their wallet,the bitcoin gold.But just they don't understand that the situation would not be the same as it was during bitcoin cash hard fork as it had some mining pools support and bittrex exchange support.But this time,no such miner support is found.Also,it is said that in bitcoin gold,the mining algorithm would be changed so that it could be mined with GPU systems.So,don't know clearly how transactions would be carrie out and how long it would exist.Just people awaiting for a free bullshit coin bitcoin gold.That's it.