Things are looking up in the world of cryptocurrency as BIP 91 is now activated and the blocks are rolling along smoothly. Some crypto exchanges like Shapeshift.io are already allowing conversions again!
For additional confirmation on this issue you can see for yourself on the following website: http://www.xbt.eu
According to a recent CoinTelegraph article, Bitcoin woes are being replaced with a bullish attitude towards the shiny untouchable coin.
The recent lockin of the BIP 91 upgrade to the Bitcoin Blockchain has excited large numbers of otherwise nervous investors.
Miners were signaling 97 percent of as Friday, effectively locking in the BIP 91 solution, as well as Segregated Witness (SegWit).The news sent Bitcoin price soaring.
Within 24 hours, the price had increased by nearly 40 percent on the week, with the good news signaling to investors that Bitcoin would continue to maintain its otherwise foolproof tech stability.
As the weekend continues and the rally keeps its footing, the naysayers are likely to start dropping away. The value at press time is $2,791, nearly at its end of week peak of $2,813.
Investors should begin rejoining the bullish run-up, as the potential for infighting decreases and stability continues to mature.
I think it will take some time to let the dust settle and make sure all the miners are following the conditions laid out in BIP 91 until we can truly be confident this situation has been resolved.
However, there is that saying 'if you snooze you lose' so it's probably a good idea to have some FIAT ready to throw into the mayhem if a bull run does kick off.
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Sources:
https://cointelegraph.com/news/bip-91-lockin-leads-bitcoin-higher-despite-weekend-worries
