The surface is only being scratched in terms of the uses and complementary technologies, for a limited supply, decentralized, non-confiscatable, non-freezable, store of value, peer-to-peer currency.
What Bitcoin can become is only beginning to be revealed. Will you merely watch events unfold or come along for the ride? Bitcoin to the Moon!
Bitcoin.com. It sounds like the name of the most reliable and trustworthy site relating to Bitcoin on the internet. No doubt, many new or would-be investors head straight to that site to learn about Bitcoin. Well, if they download the latest version of the Bitcoin.com wallet, then they're in for a nasty and potentially costly surprise.
Take a look at some of the reviews in the image below and you'll see the potential trap that awaits the unsuspecting investor. The wallet automatically creates Bitcoin Cash (BCH, also known as Bcash) and Bitcoin (BTC, the real Bitcoin) wallets in that order. Someone unfamiliar with the crypto space will most likely be unaware that Bitcoin Cash (BCH) is a separate cryptocurrency, created by hard forking the Bitcoin blockchain and is not the same thing as Bitcoin (BTC).
It would be very easy to see the name 'Bitcoin' in 'Bitcoin Cash' and assume that it is the real Bitcoin, especially since it is the first wallet created. What the wallet downloader expects from a Bitcoin wallet is the Bitcoin they've been hearing about in the news that has hit an all time high above $8,200, not a $1,200 altcoin.
Those who stumble upon this wallet without the knowledge necessary for navigating it safely, may find that ...
'Bitcoin' is in Bitcoin.com, 'Bitcoin' is in Bitcoin Cash, but Bitcoin may not be what they end up with in their Bitcoin.com wallet.
Oh, and if you are someone who is new to Bitcoin and wanting to learn more about the real Bitcoin (BTC) from a reliable source, then visit Bitcoin.org, yes, that's .org :)
Over the past 24 hours, Bitcoin has been trading sideways between $7,850 and $7,650. This is a particularly narrow price channel considering the market volatility we have seen in recent times.
So is this the market strengthening in preparation for a tilt at a new all time high or are we about to see a move to the downside? Maybe we will even see some more time spent in this price range.
Watching closely in anticipation ...
With more cryptocurrency dividends (Bitcoin Diamond and Super Bitcoin) on the way for those with Bitcoin, I believe that it's a good time to be a holder.
The Bitcoin hard forks just keep on coming. Bitcoin Diamond (BCD) will be another cryptocurrency created via this method, forking at block height 495866, shortly before Super Bitcoin forks at block 498888.
Bitcoin Diamond's focus features will be:
There will be a limited amount of Bitcoin Diamond, set at 210 million, which is ten times more than the supply of Bitcoin. In line with this, holders of Bitcoin at the time of the fork will receive a cryptocurrecy dividend of ten Bitcoin Diamond for every one Bitcoin held. Yes, that's 10 BCD for every 1 BTC for free. Nice.
Like Bitcoin Gold and Super Bitcoin, Bitcoin Diamond is a friendly fork. This means that it is using the fork process to create an altcoin that is complimentary to Bitcoin, rather than trying to become the real Bitcoin, which is the goal of Bitcoin Cash.
You can read more details about Bitcoin Diamond at their official website btcd.io
Super Bitcoin (SBCT) is set to be another cryptocurrency created by hard forking the Bitcoin Blockchain. As has been the case with the Bitcoin Cash and Bitcoin Gold hard forks, Super Bitcoin will give a one for one cryptocurrency dividend to holders of Bitcoin.
The fork is set to take place on December 17, 2017 at block height 498888. The quantity of Bitcoin you have at that point in time will determine the number of free Super Bitcoin you will receive. To make sure that you get this free cryptocurrency, it is important that you control the private key to your Bitcoin. If instead, you have your Bitcoin at an exchange, then they control your private key. In this case, there is no guarantee that your exchange will support Super Bitcoin and you may miss out.
Other key dates for Super Bitcoin, according to their website, are:
March 31, 2018 add smart contract
May 31, 2018 implement zero-knowledge proofs to better protect privacy
November 30, 2018 remove dynamic checkpoint protection
The team behind the project, Ranger Shi (Chief Scientist), Li Xiao Lai (Foundation Member) and JiaPeng Lin (Foundation Member) are aiming to inject new momentum into Bitcoin, as they believe that it has lost a large market share due to smart contract pressure from Ethereum and Zcash.
Like Bitcoin Gold, and unlike Bitcoin Cash, Super Bitcoin will be a friendly fork. In other words, they are not trying to become the real Bitcoin. The website describes Super Bitcoin as, "an experiment, trying to implement promising solutions that the community has been proposing."
The number of Super Bitcoin will be limited to 21,210,000 of which 210,000 will be pre-mined.
The official website is SuperBTC.org
Earlier today, Bitcoin shot up to more than $7,900 before taking a $400 dive. It then recommenced its accent and is now in a holding pattern around $7,800.
At the same time, Bitcoin Cash fell from its dizzying heights earlier in the week to under $1,000. This fall assisted Bitcoin, as miners moved across. Bitcoin Cash is now trading around $1,100.
Bitcoin Gold started with a short lived bang at nearly $500 after its release. This latest fork of Bitcoin is currently priced under $150.
Bitcoin to the Moon .com has just launched a cool new logo, along with a range of merchandise, including t-shirts and hoodies in a variety of styles and colors, device skins and cases, wall art, home decor, bags and stationery.
You can get all of these products here: Bitcoin to the Moon Merchandise Store
Feel free to send us a photo of you and your Bitcoin to the Moon .com merch and we'll publish some of them right here on the site itself.
t-shirt images source
The image that you see above has been selected as the official Bitcoin To The Moon .com logo. It was chosen from six design concepts that were presented by professional logo designers. You can view those designs here.
A big thank you to everyone who offered their feedback on the logo concepts across a variety of platforms. The final selection was the overwhelming favorite. If you would like to see the original rough draft concept that was given to the designers, you can do so here.
Information about where to get official Bitcoin to the Moon .com merchandise, featuring the new logo, will appear in the next post on this blog.
Update: Bitcoin to the Moon .com merchandise, including t-shirts, mugs, phone cases and much more, is now available here: Bitcoin to the Moon Merchandise.
It's been a big few days in cryptocurrency since the announcement to abandon the SegWit2x hard fork. A lot has happened in regards to Bitcoin and the two altcoins, Bitcoin Cash and Bitcoin Gold, that exist due to previous hard forks of the Bitcoin blockchain.
Bitcoin initially spiked to a new high above $7,800 shortly after SegWit2x was called off. This was followed by a slide down to as low $5,600. While there has been a $1,000 price recovery since then, the market still appears to be bearish, at least in the short term.
No doubt, some who invested in Bitcoin in order to get free SegWit2x coins cashed out. Once the price started to fall from the high, panic selling ensued, which only helped to fuel the drop. If the price falls further, then hopefully $5,000 will act as support from which it can bounce to new highs. If instead, the $5,000 support level doesn't hold, then it has been suggested by trading and risk analysis expert, Tone Vays, that the price could possibly retrace all the way to $1,350. This is a previous high that was never retested.
Bitcoin Cash, on the other hand, went parabolic, and for a short time it surpassed the market cap of Ethereum to become the second largest cryptocurrency. South Korean demand was particularly high, to the point where Seoul-based exchange, Bithumb, suffered a server outage as it failed to cope with trading volumes.
Bitcoin Gold went live on November 12. Those who held Bitcoin at the time of the block snapshot can now check how much Bitcoin Gold they will receive at BitcoinGold.org via the balance check box on the home page. That website is also the place to find information on how to mine Bitcoin Gold.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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