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's bounce off $7,500, although significant, was short lived. The price has now dropped below 7.5k, and with this resistance level broken, BTC could be going much lower. The next potential support level is a previous peak of $5,000.
If you're a holder of Bitcoin, particularly if you bought in at a higher level, then this is the time to have a strong hand. Remember that you only make a loss if you sell. Obviously this is a lot easier to do if you have only invested what you can afford to lose. Having not panic bought, you find yourself in a situation where you don't need to panic sell. Either way, this could be a good time to check out or revisit the article, How to Handle Bitcoin Price Volatility.
Bitcoin was in freefall towards $7,500 when it finally found support at $7,699 and bounced upwards by nearly $1,200.
As a previous high, it was much anticipated that $7,500 would provide support. With this in mind, investors started buying as the price rapidly closed in on the 7.5k target.
Bitcoin is now moving sideways as we eagerly await what happens next. It's been a big day in BTC, to say the least.
Bitcoin has fallen below $8,000, which was quickly followed by $7,900, then $7,800, then $7,700 and it is continuing to fall.
Things look extremely bearish at the moment. The next question is, will $7,500, a previous high, act as support and bounce the price?
Updates will be posted here as they come to hand. In the meantime, continue to stay strong.
Since dropping below $10,000 yesterday, the price of Bitcoin has continued to fall and is now under $8,400. The charts remain bearish, so I would assume that we have not yet reached the low point of this correction.
For many investors in BTC, the lower things go, the greater the temptation to sell becomes. Bitcoin history so far, shows that selling after a major drop in price leads to regret, as the price has always rebounded to achieve new all time highs. Will history repeat itself? I believe so. Stay strong!
Bitcoin has taken a sharp fall in price to below $9,200. Bearish momentum is building in the charts, as speculators who panic bought when the price was rising are panic selling as it falls.
During Bitcoin's 2017 surge from under $1,000 to nearly $20,000, many new investors piled into the market with minimal knowledge about what they were buying. This lack of understanding of the technicals and value proposition behind Bitcoin, combined with only having experienced a bull market, has turned the fear of missing out into the fear of being left holding the bag.
Bitcoin veterans, on the other hand, have seen this all before. The fundamentals haven't changed. It's a time to stay strong, knowing that BTC has always bounced back bigger and better than ever. While this current correction may not be over, neither is Bitcoin. The long term future is bright. Bitcoin to the moon!
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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