Bitcoin [Cash] in the News : 2017-08 Price

If last month's price post, Bitcoin in the News : 2017-07 Price, had only a little real news behind it, this month's post makes up for it. The following chart might be captioned, 'Straight Up!'.

Bitcoin Price Index

Keeping to a single source, Bitcoin Price Analysis (BPA; cointelegraph.com), here is the first significant price news for August:-

• 2017-08-02: Bitcoin Cash Price and Market Overview • 'Since the start of trading, more than 24 hours now, the price of a new Bitcoin-fork - BCC/BCH increased by 9,378 percent.'

Whoa! What is going on here? I go away for a month and nothing makes sense anymore. What was the first mention of 'Bitcoin Cash' on Cointelegraph.com?

• 2017-07-25: Bitmain: Bitcoin Cash Hard Fork Merely Contingency Plan for UASF • 'In its initial announcement earlier this month, Bitmain, arguably the largest mining equipment manufacturer and mining pool operator in the industry, threatened the community with a contentious hard fork in response to the user-activated soft fork (UASF). As users, node runners and businesses proposed the activation of BIP 148, a user-activated soft fork that ignores the presence of miners and activates Segregated Witness, Bitmain, the operator of Antpool, emphasized that it will lead a Bitcoin hard fork on Aug. 1 and create Bitcoin Cash, a separate Bitcoin Blockchain.'

Here are some more early Cointelegraph articles on 'Bitcoin Cash'.

• 2017-07-25: Bitcoin Cash? Why not? Roger Ver Signals Support As New Fork Trades At $400
• 2017-07-25: Bitcoin Price Slides 7% As Bitcoin Cash Emerges - Fork Fears?
• 2017-07-26: Fear Not The Fork But The Fear Itself: Bitcoin Wisdom
• 2017-07-26: Bitcoin Investors Should Not Fear August 1 Chain Split • 'Last week, some of the largest and leading Bitcoin exchanges and businesses including Coinbase and BitMEX clarified that they are not in favor of Bitcoin Cash and thus, cannot support the hard fork led by ViaBTC. Coinbase emphasized that it is not willing to support Bitcoin Cash due to its contentious nature, while BitMEX noted that Bitcoin Cash will likely lead to serious security issues.'

Since I'm a Coinbase user, the Bitcoin Cash fork doesn't affect me (at least for now). For the record, here are two more BPA articles from the first week of August.

• 2017-08-03: Bitcoin Cash Price Poised to Plummet Once Network Stabilizes
• 2017-08-06: Bitcoin Cash Weekly Price Analysis

Now that I understand that Bitcoin Cash is a new cryptocoin, I can return to the August price analysis for good old bitcoin. I'll do that in my next post.