Vlog #60: Bitonic (Biggest Dutch BTC dealer) no longer fears a BTC split. by exyle

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· @exyle · (edited)
$74.77
Vlog #60: Bitonic (Biggest Dutch BTC dealer) no longer fears a BTC split.
I use a company in the Netherlands called Bitonic to trade bitcoins to euros and vice versa. They have been around for a long time and have a great service. They even have their own Exchange. (BL3P.eu) 

On the 20th of July, they released a news bulletin saying they would stop trading BTC around August 1st until all the unrest around BTC is solved.

But today they updated the bulletin saying that a split in the BTC network has been reduced so much that they won't stop trading/selling.

That sounds pretty positive to me. And I hope they are right I want this unrest gone too.

> UPDATE 24-07-2017 10:00: The risk of a split in the bitcoin network seems to be such that we are no longer planning to stop the trade in Bitcoin. Of course, the circumstances can still force us to review this decision and we will immediately inform you, but for now we do not see any reason to do so.

Source: https://bitonic.nl/en/news/142/update-possible-disruption-bitcoin-network

-----

I did hear about a new upcoming coin called Bitcoin Cash. It will be a split from Bitcoin. With 8mb blocks and no Segwit. It's even tradable on an exchange even before it exists. Talking about speculation! 

But then again I never thought ETC would have any merit and that's trading for $13 now. But that was created after a fork! This is before.

If you have any BTC going into the fork you will automatically also have Bitcoin Cash. Make sure you know the private key of your wallet. I have all my BTC local not on an exchange until this is over.


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https://youtu.be/RQdOU_Rjh2k



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![signature](http://home.kpn.nl/bonge008/BLOG/signature/signature2.jpg) Follow Me [@exyle](https://steemit.com/@exyle)

-----

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vote details (139)
@akkha · (edited)
$0.40
Thank you so much @exyle for this updte !

👍👍👍           👍👍👍
Upvoted  and Resteemed !
👍  
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@izbing ·
Thanks for your advice, I will remove my BTC from the exchangers too.
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@katythompson · (edited)
$2.02
That's really great news. Thanks. Hopefully it will turn round all the crypto prices soon.  I upvoted you with full power.
👍  ,
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@exyle ·
Thanks!
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@sqamemal · (edited)
$0.41
There's a lot of uncertainty in the air about August's UASF. Japanese stores are not going to accept BTC on the 1st of August. Good to see that some countries and exchanges are not fearing this.
👍  ,
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@barteksiama ·
Really Bitcoin Cash really? Let's see how it will work :) Good post and thanks for sharing!
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@cryptonet ·
Okay. So you mean because of SegwiT Implementation, we would have 2 Bitcoins in the future. Bitcoin and Bitcoin Cash . That's interesting. If we talk abou Ethereum, then it split after the hardfork . I don't understand this. Probaly should read more about it . But one thing is clear that the uncertainity of Segwit hype has gone now. After 1 August, we can trade freely without any fear .
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@gikitiki ·
Pizza on the BGE!!   YUM!!!
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@hackerwhacker ·
No split but it will go down in august
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@vangelov ·
$0.39
Just hold in steem and transfer once it is done . Thanka for the other nice update my friend :) 
Hope you only achieve better and better things in life. The smiles you have on every post make me even feel happy ^^ 
Cheers !
👍  
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@forjayfortune ·
nice one my mentor. kindly follow back
👎  ,
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@hms818 ·
$0.46
gREAT nEWS that BTC is now trading normally, everything is going to normalisze by next week.. thanks @exyle for sharing about Bitcoin Cash.
👍  ,
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@jhonmedas ·
that awesome news for crypto  world i gng to boast the bitcoin price in the coming day  hope these market will grow more in future:)
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@sweeti ·
Awesome!
I followed you^^
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@rockjon ·
$0.99
It's good to know that Pizza day was such a success. I'm glad that BTC won't split as that would probably affect the entire cryptocurrency market. I'm curious to see how well Bitcoin Cash with perform. I'll monitor how well that performs in the next couple months.
👍  ,
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@exyle ·
I'll monitor it along side you :) I'm very curious.
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@dave23 ·
That was a nice update
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@ernstjan ·
$0.71
That's good news. I don't think there will happen a lot by now. What do you think will happen yourself?
👍  ,
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vote details (2)
@exyle ·
$0.03
I'm always nervous with these things (That because of my DAO experience). I think it's looking stable for now but any rumor or doubt can cause big swings.
👍  
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@ernstjan ·
$0.30
Yes that's for certain. Fijne avond!
👍  
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vote details (1)
@neerajsharma007 ·
follow and upvote me I will follow you, lets build a community together!
https://steemit.com/story/@neerajsharma007/2-2-2
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@padmakshi ·
that's great
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@orionschariot ·
$0.64
That's very encouraging to see an exchange feels that confident there will not be a fork and are going ahead with business as usual.  I've read where Bitcoin Cash is primarily backed by miners from China. Don't know if that is accurate  or not.  

I've said before that I see BTCs value in being as it was first to market and is the most widely accepted coin. As my knowledge has increased in this space, I've questioned many times the inherent value of BTC outside of the aforementioned circumstances. To this point in time all other coins simply act as derivatives of Bitcoin.   I've converted all my BTC into the altcoins I feel have the best real world applications, Dash, Steem and EOS.  I could be very wrong in doing this.  Time will tell.  Great post brother! Have a great day!!
👍  , , ,
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vote details (4)
@sreepyeldarb ·
Great insight, I have done the same!
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@yaan ·
Great one as always man!)
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@ryan313 ·
$0.14
Ready for Aug1 to come and go!
👍  
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vote details (1)
@zoef ·
great news i personaly use btcdirect for a copple of years.
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@roxyferis ·
that is great news :) i wonder how bitcoin cash will perform...
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@santosh99 ·
than  u   bro  for  upvot
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@behappy ·
Upvoted and also resteemed!
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@blazing ·
That is interesting thing to see today
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@hilarski ·
$0.66
I just wish they would stop messing with my money!

This Post was Added to the Steemit Social Media Queue.
https://www.youtube.com/watch?v=t8p2vZZvrG0
👍  , , , , ,
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vote details (6)
@exyle ·
O I agree! and Thanks but 'Steemit Social Media Queue' whats that?
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@papa-pepper ·
I was wondering the same thing.
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@kakilasak ·
Good news :)
I follow u :)
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@vincentnijman ·
Thanks for the update, useful info! a ray of hope(ful news) amongst all the stormy weather 
 
While reading, I wondered if this made you decide not to take your bitcoin(s) off the exchange but you already answered that question.

Part of me was hoping for some people to tell me that that isn't necessary. but I guess I actually should. Most of my money sits in my coinbase wallet

Bedankt nogmaals!
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@papa-pepper ·
I was just discussing some of the potential benefits with someone earlier today. I think people often immediately fear change and only look at what could go wrong.
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