July 20th, 2017- In This Issue:

If you are interested in investing in Bitcoins any time soon, there is a very important landmark decision happening right now that will have a dramatic effect on the price of bitcoin.
I'm not sure whether you are aware of what's been referred to as the "scaling debate".  Basically it has been an argument between developers, miners and the Bitcoin community as to how to increase the size of the blocks that make up the blockchain. 

Without going into too much detail, the cloud that has been hanging over bitcoin due to this debate seems to be lifting and what many thought could be disastrous for bitcoin is now turning into a much ado about nothing scenario. (see articles below)

To get back to the reason I'm emailing you. If you are seriously interested in buying bitcoins, you may want to do so sooner rather than later simply because the price of bitcoin is expected to soar shortly after the adoption of "segwit2x" which appears to happening as we speak. The activation day is still some weeks away, however the market appears to be moving back up after a brief decline on fears that the miners would not reach a consensus and activate segwit2x before the deadline on August 1st. 

Personally I think we will see bitcoin trading above $3,000 before August 7th.

Visit  BitvestIRA for information on using your IRA to invest in bitcoin at 20% below spot price. Or call us directly with any questions at 1-844-bit-vest (1-844-248-8378)

Bitcoin soars as miners finally move to solve the digital currency's scaling problem
Bitcoin  miners are signaling their intent to support a new upgrade for the bitcoin blockchain that may solve the digital currency's long-running scaling issue.


What Could Happen to Bitcoin? A Visual Guide to Scaling Outcomes

A number of bitcoin improvement proposals (all aimed at boosting the cryptocurrency's transaction capacity) are set to come to a head in the coming weeks, ending either in a  smooth upgrade , a  potentially difficult split , or maybe, simply status quo.

GOLDMAN SACHS: Bitcoin is going to test $3,000 and could get as high as $3,700

Bitcoin has held strong support and has its sights set on a test of the $3,000 level, according to Goldman Sachs.
In a note sent out to clients on Monday, Sheba Jafari, the head of technical strategy at the bank, updated her recent chart work on the cryptocurrency.

The $1,856 to $1,790 area "has the potential to act as strong support," Jafari wrote. "All in all, the balance of signals appear to be shifting to a more positive tone."

Segwit Reaches 80% of the Bitcoin Hashrate as Activation Looms

Bitcoin miners have seemingly made a decision to activate segwit with some 80% of the hashrate currently voting for the protocol upgrade with other miners expected to follow soon.

Antpool/Bitmain, the biggest bitcoin mining pool, is currently voting for segwit. As is Bixin, BW, BTCC, Bitfury, ViaBTC, BTC.TOP and some smaller pools.

F2Pool is expected to follow soon, as will, most likely, Slushpool, which has apparently been recently  visiting Blockstream in San Francisco, but made no announcement regarding the nature of the meeting, so it is not clear what exactly came out of it.

Suddenly, Bitcoin Hard Fork Looks Unlikely As Chinese Exchange Readies For SegWit
Chine se exchange  OKCoin  has confirmed it will halt trading over the SegWit lock-in period as a hard fork appears less likely.

In a  blog post yesterday, the exchange said it had made the decision to "protect against" any undesirable consequences of a potential hard fork resulting from the adoption of BIP 148.

"During the potential fork, from 2017-07-31 to 2017-08-02, we will suspend Bitcoin deposits and withdrawals due to potential technical risks such as replay attacks and other issues that may cause network instability," it wrote


Click Here