by Jeff Berwick, The Dollar Vigilante:
Now, I realize I can’t do this forever. I can’t continue for years to combine the value of both Bitcoin and Bitcoin Cash and quote it as a “total value” of bitcoin.
But, considering that it was just 19 days ago that every person in the world who owned bitcoin, if they stored it correctly, also became a new owner of an equal amount of Bitcoin Cash… it is still a very reasonable thing to take note of the two currencies combined price as being the value that the grand majority of bitcoin holders currently hold… or “HODL”, to talk more like the cool kids.
I’d say that this is a perfectly viable thing to mention for at least another month or two… then it’s probably best to completely delineate the two as totally separate entities for the most part.
In any case, since I’ve now officially decided that it is fine for me to do so… I will now make mention that the combined price of Bitcoin and Bitcoin Cash surpassed $5,000 this afternoon!
As you can see, during the day on Saturday, bitcoin was valued over $4,117 and Bitcoin Cash continued to skyrocket, peaking over $900 which equated to a combined value of more than $5,000!
This is no small feat!
On July 17th, just over one month ago, bitcoin hit a low of $1875.
At a combined price of $5,000 today, that means people who held bitcoin on July 17th and haven’t since sold their bitcoin or Bitcoin Cash have had a gain of 167%!
Not bad considering the Health Ranger warned, “Bitcoin collapse now under way… has already plunged nearly 40% from its high.”
He warned that the August 1st fork was a “bitcoin civil war” and that the bitcoin Ponzi scheme was unraveling.
Soon after we wrote, “Don’t Fear The Fork: The Future of Bitcoin” where I told people to ensure they held their bitcoin properly, so they received Bitcoin Cash and to just HODL and not worry about the fork.
That’s probably why you should get your vitamin advice from health websites and your financial advice from financial websites.
It’s a crazy way of doing things I know…
Read More @ TheDollarVigilante.com