Bitcoin Tops $8,000 As Lightning Triumphs And Cash Flounders

Bitcoin price continues to delight investors Monday as the most popular virtual currency breaks and stays above $8,000.

The latest milestone for Bitcoin, which came following news the first Bitcoin-to-Litecoin Lightning Network ‘atomic swap’ successfully debuted, caps its comeback after Bitcoin Cash volatility.

BTC currently has a market cap of almost $134 bln against a cross-crypto combined cap of just under $240 bln, both numbers representing new records.

Bitcoin’s dominance has also recovered over the past few days to top 56 percent of the market after struggling to maintain supremacy as BCH caused considerable fluctuations.

BCH itself has come down off previous highs to languish around $1,200 - around 50 percent of its best prices. Staunch proponents of the Bitcoin fork as the ‘real Bitcoin’ are currently locked in a forking battle of their own as two strands of BCH emerged last week.

The product of a “malicious fork,” Bitcoin Clashic now represents the original Bitcoin Cash or developers describe it, “Satoshi’s true vision.”

As major supporter Roger Ver’s Bitcoin.com continues to point new users towards BCH, however, the Bitcoin community is coming out in increasing support of naive newcomers potentially unaware that BCH is not in fact Bitcoin.

Jameson Lopp

✔@lopp

Welcome to Bitcoin, newcomers! Here's your FAQ:

Q: Who should I trust?
A: Nobody.

Q: When should I sell?
A: Never.

Q: Is Bitcoin dying because ____?
A: No.

Q: What have I gotten myself into?
A: Nobody knows.

Q: How do I learn more?
A: https://lopp.net/bitcoin.html

9:52 PM - Nov 19, 2017

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courtesy: Cointelegraph

Comments

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