Bitcoin Services Inc (fka BTSC)

[james_west_1965]

More on November and digital currency

There is a lot to digest in this article.

https://www.bloomberg.com/news/articles/2017-09-20/-bitcoin-jesus-ver-sees-the-digital-currency-splitting-again

Basically, a split is about to take place in bitcoin currency. As the article reads,

"Bitcoin’s popularity has led to congestion in trade, with transaction times and processing fees at one point soaring to records. Debate over how to deal with the problem has divided the trading community, with some proposing boosting the number of transactions in each block that has to be verified by miners, and others advocating for moving some information off the main network. One faction of the community is pushing for a network upgrade in November, which could lead to a split if no consensus is made."

A split occurred in August with this,

"When the split occurred around the beginning of August -- with Bitcoin Cash diverging from legacy bitcoin -- the digital currency initially slumped 6.8 percent in a two-day slide as investors appeared to discount the value of the new coin. But prices subsequently rallied, surging to a record $4,880.85 by Sept. 1 before China announced a crackdown on cryptocurrency exchanges and initial coin offerings that sent prices plunging 20 percent."

Another split is possible. Though the price has drooped since August, bitcoin is still well over $7000.

https://www.coindesk.com/price/

James