The hard forks of the Bitcoin Blockchain just keep on coming. The latest, Bitcoin Platinum, is set to take place around December 12, 2017 at block 498533.
Bitcoin holders who control their own private key at the time of the fork will receive an equivalent number of Bitcoin Platinum for free. This will provide another opportunity to increase your Bitcoin holdings by selling the free coins and using the proceeds to acquire more BTC.
Unlike some of the other forks, Bitcoin Platinum, will not have a pre-mine. They say that this will, "provide you more valuable currency without any possibility of fraud or centralization."
For more information you can visit the official Bitcoin Platinum twitter account and website btcplt.org which redirects to their GitHub page.
A short time ago I posted that Bitcoin was on the verge of reaching $11,000. Well it has now smashed through 11k and is already more than a third of the way to $12,000. The price is moving so rapidly as I type, that the chart screenshot above, which was taken just moments ago, already seems well out of date.
At this rate, 12k or higher could arrive quickly. If it does this will fuel even more mainstream media coverage, which in turn will amp up the current Bitcoin mania where more and more new investors are piling into the space.
I need some sleep. What I will awake to I can only imagine. 12k Bitcoin, 13k Bitcoin, profit taking and a correction. The journey continues ... to the moon!
Bitcoin is on a supersonic, parabolic bull run. After starting the day at under 10k it has rocketed past that historic milestone and is on the verge of reaching $11,000.
$10,000 Bitcoin got a lot of mainstream media coverage and exchanges have been flooded with new customers rushing to get into the Bitcoin market for the fear of missing out.
All the signs are still bullish at the moment, no matter what time frame chart you look at. Stay tuned for an update when 11k Bitcoin comes to pass.
Bitcoin has broken through the $10,000 barrier. Yes, one single Bitcoin is now valued at 10k. A year ago, this price level was the stuff of dreams. Today those dreams became a reality, and much earlier than many expected.
Bitcoiners of the world, it's time to celebrate!
Bitcoin continued it meteoric rise of the last couple of days and looked as if it may reach the $10,000 milestone. Just as it approached the monumental figure, there was a sell off, as some investors decided to take profits. This saw the price fall sharply from $9,732 to $9392, as can be seen in the chart above. The possibility of this scenario playing out was something I mentioned in yesterday's post.
Bitcoin, however, wasn't done with yet and quickly bounced back to the $9,700 mark. At the time of writing, it is still within striking distance of 10k. One more push to the upside should get the job done.
For now, we'll have to wait. Tomorrow, or later today, we may well celebrate.
As Bitcoin passed $8,500 for the first time, I mentioned that it could be a move all the way to $9,000. That has proven to be the correct, with Bitcoin just crossing the 9k mark. And ... it is still rising.
Next stop $10,000? A move to five figures certainly presents a psychological barrier to both potential investors and holders of Bitcoin. Taking this into account, it will be very interesting to see if there is a sell off just prior to 10k, leading to a significant but temporary correction.
If this does prove to be the case, recent history has shown that even a serious correction in the Bitcoin price can quickly be regained, along with a further move to the upside.
Bitcoin is on the move again, with the price crossing $8,500 for the first time and climbing as I type.
This could be a move all the way to $9,000 with the hourly, daily and weekly charts all looking bullish.
Watch this space.
Bitcoin Diamond is born. The latest fork of the Bitcoin blockchain just took place at block height 495866 and the resulting cryptocurrency, BCD, has launched on 28 global exchanges.
If you held Bitcoin (BTC) at the time of the fork (November 24, 2017, 9:20am GMT) then you will receive ten times that quantity of Bitcoin Diamond (BCD) for free. This is providing that you control your own private key or have your Bitcoin at an exchange that supports this fork.
For more information about Bitcoin Diamond read, Bitcoin Diamond is Preparing to Emerge from the Hard Fork Rough and visit the official BCD website, btcd.io
Lowly ranked altcoin, Bitgem, recently spiked in price from under $1 to $9. Bitgem has been around since 2013 and apart from a brief rise to $13 that year, it has spent the majority of the time since trading for mere pennies. That is, until now.
Bitgem uses the ticker BTG, which just happens to be identical to the ticker adopted by the recent Bitcoin hardfork, Bitcoin Gold. This has obviously caused confusion amongst some investors who have unwittingly purchased Bitgem instead of Bitcoin Gold.
My guess is that when these people realize they've got the wrong BTG they're likely to be 'tickered-off' :)
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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