We are in the cleansing phase of crypto – where the alts that should never have had high value are steadily bleeding out. This cleansing is a necessary step to enable the next step up for Bitcoin.

In the past 30 days, Bitcoin is up 7.2% and only 5 coins have performed better than Bitcoin in fiat value change. And of those, only Litecoin has a market cap that puts in among the major coins. All other coins have lost value compared to Bitcoin. During this same time that Bitcoin is +7%, Bcash is -20%, for example.


This phase is a healthy and necessary and welcome cleansing of the market. When it completes, Bitcoin will take its next leg up in value to new ATH.

submitted by /u/bitcoince
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Bitcoin – The Currency of the Internet

New GDAX email about 2x fork is a step in the right direction (reddit.com)

We wanted to remind you that the upcoming Bitcoin Segwit2x hard fork is projected to take place on November 16 and will result in two bitcoin blockchains. Following the fork: GDAX will continue referring to the current bitcoin blockchain as Bitcoin with ticker BTC and the forked blockchain as Bitcoin2x with ticker B2X. GDAX will disable deposits and withdrawals for Bitcoin (BTC) approximately 24 hours before the fork and re-enable 24-48 hours after the fork for both Bitcoin (BTC) and…


South Korea to Step Up Supervision of Bitcoin Trading After IMF Calls for Reform (news.bitcoin.com)

Following a meeting with the International Monetary Fund (IMF), South Korea is pushing for structural reforms which include strengthening the management and supervision of digital currency transactions including bitcoin.
Also read: Two South Korean Bitcoin Exchanges Announce Hard Fork Plans
South Korea Pushing for…