Bitcoin Passes $7,400 Amidst Fork Assaults On The Bitcoin Network, More in 2018

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Bitcoin growth continues to persist, reaching a new all-time high of $7,461.29 earlier this morning and up over 25% over the past 7-days. Bitcoin Gold, another 'left-behind' Bitcoin network, forked from the Bitcoin core network on October 25th, 2017. This created another, older version of Bitcoin, effectively splitting the chains. Another Bitcoin fork (network upgrade), Segwit2x, is scheduled to occur on November 16th, 2017.

Bitcoin on CoinMarketCap

These are huge, huge numbers for anybody in the finance and investing world to experience. For the first time in decades, the average person truly has a chance to capture a significant amount of wealth through Bitcoin's price growth as the leaders of the world struggle to understand the implications of blockchain technology. Simply put, many companies are staying out of cryptocurrency because they simply don't understand it. Even some of the most intelligent Founders, influencers, and thought-leaders in the world are still grappling to understand the concept — leaving the average person with the opportunity to take advantage before the behemoths enter…but are we too late?

Bitcoin Forks: Taking a Look at The Details

We are not too late, but now is the time to educate yourself! Bitcoin Gold, another 'left-behind' Bitcoin network, forked from the Bitcoin core network on October 25th, 2017. This created another, incompatible version of the Bitcoin network, effectively splitting the blockchains — Bitcoin Core and Bitcoin Gold. Another Bitcoin fork (network upgrade), Segwit2x, is scheduled to happen on November 16th, 2017. Similar to the spawn of Bitcoin Cash, the Segwit2x fork will birth another competing Bitcoin network. Read this article to understand the Segwit2x hardfork in laymen terms.

Remember, Bitcoin has died 183 times and counting…this is not something to panic about, but something to be conscious of as Bitcoin Miners choose which chain to support — Bitcoin Core (legacy Bitcoin) or Segwit2x (B2X). The chain with the most Bitcoin Miner support will result in that chain being considered THE Bitcoin chain. As far as I am concerned, all of these forks are a direct attack on the Bitcoin network as participants take away fractions of value off of Bitcoin over the long-term while those supporting the forks try to profit off of the brand — driven by greed more than anything.

The average person can still benefit from the growth of Bitcoin, but the various forks on the network make it very clear the behemoths, rich folks, recognize this as an opportunity to take advantage of. We must stay ever vigilant, open-minded, and educated in order to stay safe while operating in this space. Let's take a look at some interesting information I found in emails while doing investigative work.

Why We Should Expect More Bitcoin Network Fork Assaults

Cryptocurrency and blockchain technology is essentially waking the world up, forcing world powers to face a sobering reality of just how connected the human race truly is. World powers are individuals, companies, governments — groups of people who have the power to influence large parts of the world. Examples are the Chinese and Russian governments, JPMorgan Chase Bank, Amazon, Overstock.com, and various other companies quietly operating within the field of blockchain tech. Keep in mind, blockchain technology and cryptocurrency is such a powerful tool that entire countries can use it to take wealth back from the largest economic powers. It is clear that this new, sobering reality has caused groups to start planning on how to make the most money from Bitcoin —is it possible we see a Bitcoin takeover? Maybe.

Email I Received From QoinPro on the Bitcoin Forks:

Received Oct. 29th, 2017 — QoinPro

As I was looking through my emails, I noticed that QoinPro, a blockchain education platform and faucet, knew quite a bit about the upcoming forks. In fact, not many Bitcoin service providers emailed me messages this detailed — I started digging.

Received Oct. 29th, 2017 — QoinPro

The images above and to the left are the October 29th email explaining the Bitcoin Gold and Segwit2x forks. Now, here's where things start to get interesting. Notice in the image to the left at the very bottom how you can contact QoinPro leadership team for a 25% bonus in Bitcoin Segwit2x on the Bitcoin you deposit to their platform. When Bitcoin forks, it creates two different networks — how can they give a 25% bonus? Above the secret bonus portion, notice they mention ANOTHER Bitcoin fork "which is scheduled for Q1, 2018."?

Are there even more [Bitcoin] forks coming?

Received October 31st, 2017 — QoinPro

The image to the left is from QoinPro's October 31st, 2017 email on the Bitcoin fork situation. I learned that Bitcoin Cash (BCH) is expected to fork on November 13th, but is just an upgrade of the network with no expected competing chains. Looking at the darker red line at the bottom we can see that the QoinPro leadership team "are aware of several other [Bitcoin] forks in various states of planning/execution." No way…"various"?!

This is the most exciting time for the cryptocurrency community as we continue growing to all new heights together.. I truly hope this article catalyst to you gaining greater clarity on the situation affecting the entire cryptocurrency market — be conscious and stay safe! Until next time, give me a follow and take a look at the resources below if you need to refresh your cryptocurrency resources!



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