Bitcoin hits all-time high of $28.4K and rising !

#65
I have a tiny position on BTC. .00296 just so I can track it. It used to be worth about $150, but now is only $88. People who put in their life savings at the right time are rich, but most that did probably wish they didn't.
 
#68
There are more entities jumping onboard with cryptocurrencies recently and is partly why the start of this 'Bull Run'

I think it was Amazon that recently (in the last couple of days) announced that they were looking for experienced analysts to help Amazon set up a 'Crypto department'.
I may be incorrect in Amazon being the company so don't quote me on that, but it was a big tech type company, I am almost sure it was Amazon
 
#75
In the last 24 hours, bitcoin increased by almost $4000 USD
That's huge, but not uncommon with bitcoin cryptocurrency, but we have not seen an increase like this in awhile.

I had a suspicion we'd see a gain and here's why...
My online Echange service sent me an email the other day with this news.
It has to do with Ethereum (ETH) doing some major changes in the game.
Something about a 'Hard Fork' :eek:

Ethereum is a cryptocurrency as is Bitcoin (BTC).
Bitcoin has a finite amount and that amount, I think 21 million BTC
Ethereum does not have a set amount, as like some other cryptocurrencies. But with whats coming that all may change. ETH may have a finite amount yet.

C/P
The implementation of Ethereum's London hard fork this past week represented an important step forward for the cryptocurrency.
According to its founder Vitalik Buterin, the Fork will help lower its carbon emissions by 99%.
The London upgrade is "proof that the Ethereum ecosystem is able to make significant changes."

The London hard fork upgrade to Ethereum's blockchain included EIP-1599, a fee-reduction feature that has been burning $8,900 worth of Ether every minute since it went into effect.
That ongoing reduction in the supply of Ether is likely aiding to its recent price gains, with the cryptocurrency up 18% since the London fork went into effect.

Ethereum blockchain still has big changes ahead, most notably its transition to a proof-of-stake-system from a proof-of-work system. That change, which is expected to go into effect in the ETH 2.0 network overhaul, will reduce carbon emissions related to the mining of ether by 99%, according to Buterin.

end c/p
August 7, 2021
businessinsider.com
Matthew Fox


There is talk of how this will affect cryptocurrency in the long run.
 
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