Bitcoin Rhodium (BTR) has just released an updated version of their wallet at wallet.bitcoinrh.org. It has enhanced safety features, including the option to set up a security question and two factor authentication.
Anyone can now sign up for a Bitcoin Rhodium wallet, even if they did not apply for the airdrop. While this won't get you any of the free coins, at least you'll have somewhere, other than an exchange, to store BTR if you decide to acquire some once they are listed next month.
What price Bitcoin Rhodium will trade at when it does hit exchanges is anyone's guess. In my opinion, however, it has two significant advantages over previous Bitcoin fork/airdrop projects.
The first advantage is its limited supply of 2.1 (yes, that's two point one) million, which is one tenth of the eventual supply of Bitcoin (BTC). Most other projects, including Bitcoin Cash (BCH) and Bitcoin Gold (BTG), copied BTC's supply of 21 million or went higher, such as Bitcoin Diamond's (BCD) 210 million.
Another distinctive that gives Bitcoin Rhodium an edge over its competitors is the way that it was distributed. Being an airdrop that had to be applied for, means that those who have BTR wanted it and are thus invested in its success. Holders also received their coins without having to split them or put their Bitcoin at risk in any way. BTR is more than an automatically awarded clone fork of BTC. Their website puts it this way, "But we want to be a best friend with BTC."
For mine, the Bitcoin Rhodium team has done an excellent job with this project and given it every chance of success.
In the past seven days, Bitcoin has been above $11,600, below $8,500 and is currently trading around $9,500. Panic or positivity amongst investors has swayed with the latest offerings from the Bitcoin news cycle, whether the stories be true, false or exaggerated.
Times change, stories come and go, the price goes up and down, but Bitcoin itself remains solid and secure. It is still the number one cryptocurrency and the only one that is truly decentralized. There is no founder pulling the strings or tossing up whether transactions should be reversible.
Bitcoin has proven its resilience through years of varied market conditions and it has survived despite attacks from within and without. No one controls Bitcoin and no one can control it. The same can not be said for other coins within the crypto space.
SegWit adoption is bringing cheaper transactions, the Lightning Network is bringing faster transactions and it's still early days in terms of supportive technological developments.
If you're on the Bitcoin roller coaster, hold on tight. For many, doing so has turned fear into exhilaration.
Tone Vays went to extraordinary lengths to convey to viewers of his, Trading Bitcoin show, that the price of Bitcoin has been turned on its head. Seriously, I have not doctored this image. You can check out the upside down Tone episode for yourself here.
Of the technical mishap, the Bitcoin trading expert said, "I didn't do anything different, but for some insane reason, my webcam is showing me upside down. And I have absolutely no idea how or why, because the last time I used my computer I was streaming as a guest on the hyperwave channel and my camera was not upside down."
Well, at least this 'Tone flip' gave Bitcoiners something to smile about during the 'price flip' ... and perhaps an opportunity to 'buy the dip'.
BitcoinToTheMoon.com has rocketed to the Google moon, reaching number 1 for the search term, 'Bitcoin to the moon'.
Like the Bitcoin price, Google rankings can go up and down, so I captured the moment in time when this website first reached the search pinnacle for the popular phrase. That's one out of ONE MILLION, SEVEN HUNDRED AND EIGHTY THOUSAND results. Nice :)
Now, here's to establishing a long term hold on the position. Cheers, and Bitcoin to the moon!
Bitcoin trading expert, Tone Vays', recent interview with controversial Bitcoin figure, Richard Heart, revealed areas of disagreement, including Richard's upcoming ICO. They do, however, share common ground in relation to where they hope Bitcoin will go.
Richard Heart: "Bitcoin to the moon. I hope."
Tone Vays: "Yes, I agree with the Bitcoin to the moon part."
Well said, gentleman. Bitcoin to the moon. Let it be so.
Australian company, Boost Juice has teamed up with cryptocurrency exchange, CoinJar, to give away a whole Bitcoin each week for four weeks, in their Bitcoin Boom or Bust competition. For your chance to win, buy a Boost, enter the code that comes with it into the new Boost app and have a guess at what the price of Bitcoin will be (in Australian Dollars) next Monday. They will even generate a guess for you if you'd like.
Once your guess is locked in, no one else can make that same guess. And to stop people entering guesses at the last minute, entries will close 24 hours before 12pm each Monday.
Watch the promotional video above or visit the competition page at the BoostJuice.com.au for more details.
Journeyman Pictures recently published the full length version of the 2016 documentary, Magic Money: The Bitcoin Revolution, on YouTube. Prior to this, only the preview was available free of charge.
It runs for just under an hour and features prominent members of the Bitcoin space, including Tone Vays, Trace Mayer, Roger Ver and Jeff Berwick. The inclusion of the latter two has drawn some criticism, as both are now better known as promoters of Bitcoin Cash (BCH) rather that Bitcoin (BTC). That being said, it must be remembered that this documentary was produced prior to the Bitcoin Cash hard fork, at a time when Ver and Berwick were still strong advocates of Bitcoin.
While much has changed in Bitcoin and cryptocurrency since the making of this film, I believe that it is still informative, interesting and worth watching. I hope that you receive enjoyment and value from viewing it too.
Contrary to what I had thought, $10,000 provided minimal resistance, as Bitcoin pushed past that mark and onwards beyond $11,000. At the time of writing, BTC is trading above 11.2k.
This is welcome news to many who feared the worst when Bitcoin retraced from its mid-December 2017 high of nearly $20,000 to below $7,000. And for those who bought the dip, well ... nicely played.
While it appears that the bulls are back, this is Bitcoin, which continues to surprise with its fast paced, short term unpredictability. For traders, this environment has provided the possibility of huge gains, but also massive losses.
For long term holders, the gains have come despite the downturns, because so far, the market has always rebounded to reach new all time highs. Are we about to surge to another one? For me, it's too early too tell, yet at the same time, I certainly wouldn't be surprised if it did.
Talk show host, Ellen DeGeneres, took a humorous look at Bitcoin, as she explained to her audience what it is. Well, sort of.
Please note that no digital baby goats were harmed in the making of this video. Enjoy!
Following my last post, Bitcoin fell below $7,000 before rebounding strongly and moving in a sideways channel between $8,000 and $9,000. Today the price finally pushed past 9k, reaching a high of $9,836 where it met resistance.
On the way down, $10,000 acted as resistance that helped to bounce the BTC price a number of times, so on the way up, this is likely to happen in reverse. Still, it is good to finally have some bullish momentum after the significant fall from the mid-December 2017 high of nearly $20,000.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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