Quickbit Bitcoin, DIgital Currency & Blockchain Blog

Bitcoin Hard Fork August 1st Bitcoin will see the activation of SEGWIT and a blockchain split/ HARD FORK into Bitcoin BTC & Bitcoin Cash BCC. The key at this point is to control your own Bitcoin and to keep it in YOUR OWN WALLET. Take your Bitcoin off any exchange, if you leave your coin on an exchange you will have no say as to whether you will or won't be entitled to Bitcoin on each chain as the exchange will determine this for you.  Some exchanges will support both Bitcoin & Bitcoin Cash, some won't support Bitcoin Cash. It is important if  you want choice to control your own Bitcoins then you will need to take positive control. The reality is that the market will determine the outcome with the utility that each digital asset will provide. Ultimately I believe there will be a permanent split and as a user of Bitcoin it is in your best interest to have BOTH assets on both chains to position yourself better in the future. As the operator of Quickbit Bit

Bitcoin Price Ignition The market has re-ignited after the uncertainty of UASF BIP148 has been somewhat resolved & the start of BIP91, BIP141 and SEGWIT. The miners have locked in BIP91 and it looks like SEGWIT will activate in the next few weeks. The pressure of the User Activated Soft Fork is 'forcing' a path forward one way or another. In summary the signalling from the miners in the last two days has strengthened the Bitcoin price. SEGWIT2X hardfork is on the horizon 18th November and there are so many things that may happen we will just have to wait. There is a great video by Jimmy Song, Ivan on Tech & Michael from Box Mining that explains the above click here to watch the video on YouTube The price has neared the last market peak and it looks like it may cross the $3000 USD price very soon, possibly before 1st August in a price run before the uncertainty of implementation.  Initially I had projected a $3000 price by the December 2017, but it looks

Digital Asset Ice Age Digital Asset Ice Age Most digital assets & currencies have fallen back in price and this was to be expected. The cooling off period will not last long.  There are a few factors that are coming into play at the moment such as; The move from Proof Of Work to Proof Of Stake in Ethereum could lead to another fork,  The implementation of BIP148 in Bitcoin, The search for delivery and transfer of value globally and without friction  Services waiting to come online from projects and companies, There has been market manipulation with selling across the entire market systematically with profit taking across the whole market.   This cooling of prices is cyclic and part of every economy as it evolves, the question is how low will the prices of assets go before the next wave of buy in and adoption. Some of the really interesting things coming out of the digital asset space is that we are seeing people globally transferring value using digital assets. We ar

Digital Assets, Market Corrections, Profit Taking & Where to Invest.. The Bitcoin revolution OR evolution has been going on since its inception back in January 2009. Since then many have taken this technology the 'blockchain' and used it for a variety of purposes. This sector of the market is new and has some big dreams that have been put out there. With statements like revolutionising finance, to the new way machines will interact with each other IOT (Internet Of Things) and a wide variety of other 'things' blockchain can be used for. Like birth certificates and passports etc. What excites me is projects like bitcoin and the underlying economic premise behind it. Namely that value is according to what the user perceives and that because of it's rigid framework as a digital widget it has taken on a life of it's own. Bitcoin is an asset class in its own right, but it's more than that. The technology that underpins it is full of hope and dreams and t