This week, Bitcoin has climbed in price from below $8,000 to over $9,700 where it sits at the time of writing. As you can see from the chart above, this rise has been mostly a steady upwards trend, rather than one or two giant spikes.
$10,000 is a significant psychological barrier and breaking this could see a substantial move to the upside, as has happened on a couple of previous occasions. Is this the beginning of a trend that will take Bitcoin beyond $20,000 to a new all time high? I hope so. Bitcoin to the Moon!
Ledger have just announced via Twitter that the Ledger Nano S hardware wallet is now supporting Bitcoin Private (BTCP). This comes hot on the heels of the Bitcoin and ZClassic fork coin's listing on Coin Market Cap.
At the time of writing, Bitcoin Private is not yet listed amongst the supported cryptocurrencies on Ledger's site. If you held Bitcoin (BTC) on a Ledger Nano S at the time of the fork (February 28th, 2018), keep an eye on that list regarding information about how to safely claim the Bitcoin Private that you are entitled to.
image 1 source, image 2 source
The Bitcoin roller coaster took investors on a white-knuckle ride today, that the chart above depicts perfectly. Steady at $8,100 followed by a $200+ vertical drop, then steady around $7,900 followed by a $200+ vertical spike.
If you've recently entered the Bitcoin market, such rapid and dramatic price movements can be a scary thing. Fear not, for if you've invested only what you can afford to lose, history is on your side if you hold.
Bitcoin has been through many rises and falls, surviving huge crashes and extended bear markets. Such events have seen it declared over, finished and dead by the mainstream media. Each time, however, BTC has eventually bounced back and risen to new all time highs.
Bitcoin is going to the moon. Will you still be holding when it does, or longingly gazing at BTC from a distance?
The soon to be released, extreme scarcity coin, BitCoin Rhodium (BTR), featured on the most recent episode of Adam Meister's This Week in Bitcoin. I say extreme scarcity because there will only ever be two million, one hundred thousand BTR in existence. That's 90% less than Bitcoin (BTC), which itself is a scarce coin.
BitCoin Rhodium support team member, Nobby Clarke, was a guest on the show. He outlined some important information for BTR holders and those looking to invest when it hits exchanges, possibly later this month. Here is an outline of some of the points Nobby made. You can also watch the BitCoin Rhodium related portion of the show below.
Since Bitcoin surged more that $1,000 in an hour on Thursday, the price has held steady in a narrow range between $7,900 and $8,200.
Opinions in the Bitcoin community are divided over whether this is the end of the bear market or not. Some believe that the strong fundamentals of Bitcoin, including wider adoption of SegWit and implementation of the Lightning Network, have laid the groundwork for a bull run to new all time highs. Others are of the opinion that the rapid price jump was merely a short squeeze and that BTC is still in a downward trend.
One area where there is agreement, however, is that the long term future of Bitcoin is bright and there are bigger and better things to come for the original cryptocurrency. Bitcoin to the moon!
Whether the price of Bitcoin is up or down in dollar value, Adam Meister, the Bitcoin Meister is chillin'. Why? Because he values his wealth in Bitcoin and no matter what the USD price, one Bitcoin equals one Bitcoin.
Today, Adam had another reason to chill because he was wearing a super cool, super comfortable Bitcoin to the Moon t-shirt. Get yours here and make sure you check out today's episode of The 1 Bitcoin Show below.
Over the past hour the price of Bitcoin has surged more than one thousand dollars from $6,870 to above $8,000, and has just dipped back below that mark.
So, are the bulls back or is this a bull trap? At this stage, no one can be sure. Hold. This is a dangerous environment to trade, indeed.
Stay tuned for updates regarding possible reasons for the sudden price spike.
BitCoin Rhodium have just tweeted that they are finishing work on the mining part of the project. If you'd like to be one of the first to mine BTR, then join their community on Discord here and tag yourself as a miner.
There's rhodium in them thar hills ... BitCoin Rhodium that is. There will only ever be 2,100,000 BTR in existance, so go now and mine it. Stake your claim for the rarest cryptocurrency on the planet.
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Thanks so much for your support as a reader of this site. BitcoinToTheMoon.com will continue to document Bitcoin's journey through the ups and downs of the market, as firm believers in its future and ultimate destination.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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