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This is gold rush for bitcoin forks which can end up cannibalizing each others (BCH is already down to $300 from ATH $900) and other weak altcoins. However, one of the forks will come out as winner and strong altcoin will flourish there after.

This one is fueled by you guessed it... China yet again trying to get to grips and control it instead of letting BTC be decentralized

This is what bitcoin looks like in my mind

This is the crypto world. It is full of different ideas.

Nicely summarised, but i think you could have included some more things in this article

Could have but most information is already public in detail. I have always been one for some pretty cut and dry information without all the fluff as we all have limited time.

Thanks a lot for all this info, I keep following these news and am not surprised to see this effect occurring. Good presentation again, thank you!

Looking forward to your future posts :)

bitcoin is going high and high.
Wish steem follows bitcoin.

I know why Bitcoin price going up, it's due to hard fork, which will be happening in 3rd week of October, means if you have 1 btc, you will get 1 btc gold FREE. So most people jumping to get as much btc as they can.

Thank you for sharing this info 😁

I think that dump on altcoins is caused rather btc fork than ico bans
Check out my latest post

Thanks for u.
Good info

Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Valor2S from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the

Great info!

This post has received a 4.23 % upvote from @booster thanks to: @bitcoinflood.

Thanks a lot for all this info, I keep following these news and am not surprised to see this effect occurring. Good presentation again, thank you!

I'm loving it,I hope it keeps going up and i hope the other coins rise after the big rise of bitcoin

That's why the bitcoin is rising fast

This wonderful post has received a bellyrub 10.95 % upvote from @bellyrub thanks to this cool cat: @bitcoinflood. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.

Yep, I'm fine with nearly all my puny crpto investments being in Bitcoin, and eventually even more in ==> STEEM!. Thanks for the post.

i am a bit concerned that all these dilutions will eventually negatively impact on bitcoin, first bitcoin cash now bitcoin gold, what next

i did not flag your post, which post????

i think u must be mistaking me with someone else, i only flag people who flag me

Nice summary! For anyone in Aus/NZ who might want to get into the bitcoin market right now, here is a summary of the best exchanges to get Bitcoin: https://steemit.com/bitcoin/@browncow/bitcoin-acquisition-guide-australia-and-new-zealand-focused-aud-nzd

Good work, Steemit Community Quality Support has chosen to support your post. keep it up!