Bitcoin Private (BTCP) is a forthcoming crytocurrency that will be created in a way that hasn't been done before. It will co-fork ZClassic (ZCL) and Bitcoin (BTC) on a date that is yet to be determined. Another layer of interest added to the mix is that ZClassic is itself a fork of Zcash (ZEC).
News of this unique hard fork sent the ZClassic market into a frenzy, with the price rising from $2 to as high as $235. This could be explained by the expectation that Bitcoin Private may trade at a high price upon release, as have previous forks, Bitcoin Cash and Bitcoin Gold.
The concept behind Bitcoin Private is a very clever indeed, as it will benefit from aspects of both of the coins from which it forks. It will have the privacy features of ZClassic and the recognition and branding power of the word 'Bitcoin'.
The naming aspect itself could give Bitcoin Private the edge over competing privacy focused coins, such as Monero and Zcash. While almost everyone has heard of Bitcoin, the other names would register with very few people outside of the cryptocurrency community. The familiarity of the Bitcoin name helps to establish trust, and this goes a long way towards promoting acceptance and adoption.
So how can you get your hands on some Bitcoin Private when it becomes available? Well, the best way is to own some Bitcoin and/or ZClassic. If you possess either or both of these and control your private keys at the time of the snapshot, just prior to the fork, you will receive an equivalent quantity of Bitcoin Private for free. For example, if you have 2 ZClassic and 0.5 Bitcoin you will get 2.5 Bitcoin Private.
For more information about Bitcoin Private, visit their website btcprivate.org and official Twitter page @bitcoinprivate.
After a recent rise in price from 15k to 17k, all the signs pointed to Bitcoin making a run at an all time high beyond $20,000. Instead, the market has cooled off and Bitcoin has dropped below $15,000. Whether this will be a short lived pullback or lead to a further price correction remains to be seen.
For long term Bitcoin holders, market volatility is nothing new, however, for recent investors it can be a scary time that can prompt panic selling. If this is you, learn from those who have held through the down times, both long and short term. Their patience and belief in the future of Bitcoin technology has proved to be extremely profitable.
Stay strong. Bitcoin bounces back.
Since I wrote the article, Bitcoin Building for Price Breakout, the price of Bitcoin has gone up another 1k to $17,000. As was the case after the spike from 15k to 16k, the price is now moving sideways, gaining momentum for another move to the upside. The longer Bitcoin trades in this area, the more likely that the breakout will be to an all time high, and significantly higher at that.
If you're holding Bitcoin, things are looking good. For those who bought in at the top of nearly 20k, only to see a significant fall, you may be about to see that you made the right decision. Bitcoin investors who have held despite previous falls have been rewarded handsomely. Your turn to experience this is looking more likely by the hour.
Bitcoin made a rapid ascent from $15,000 to $16,000 today. It is now moving sideways in what appears to be consolidation before a further breakout to the upside. If it does, this could well be a move beyond the near $20,000 all time high that was achieved mid-December 2017.
While the signs appear bullish, things are still in the balance until a definitive move either way occurs. It's looking good though, and my hunch is that Bitcoin is about to launch into its first mind blowing move of 2018.
Nine years ago, on January 3rd 2009, Bitcoin became a reality when Satoshi Nakamoto mined the Genesis Block. This very first block came with a reward of 50 BTC. And the rest, as they say, is history.
Happy Birthday Bitcoin and here's to many more!
Less than two weeks after its release, the second 'Bitcoin to the Moon' merchandise logo has been stolen by counterfeit t-shirt producers who already have it available for sale at AliExpress.com
While these thieves obviously appreciate cool design when they see it, and the logo does promote this website, they will not be let off the hook. It would be easier just to turn a blind eye and take the attitude that it's a losing battle and will happen again anyway. However, if no action is taken, it's like giving the counterfeit operation the green light without even causing them any inconvenience. Bitcoin to the Moon will take a stand.
I'll post an update on the result of the action as soon as it comes to hand.
In the meantime, if you want an official, approved 'Bitcoin to the Moon' t-shirt, you can get one here: Bitcoin to the Moon Merchandise Store.
Happy New Year Bitcoiners! Welcome to 2018. This time last year we were completely unaware that the price of Bitcoin was about to go parabolic and thrust the cryptocurrency onto the world stage like never before. Very few people would have believed you if you'd said that Bitcoin would climb from less than $1,000 to nearly $20,000 a coin before the year was out. In fact, most would have laughed or mocked.
So what does Bitcoin have in store for 2018? Could we see a flood of Wall Street money push the price all the way to $100,000 per BTC? Will there be a major exchange hack or government regulations that spook investors, leading to a crash and extended bear market? Personally I'm on the positive side, looking for a significant move upwards, and I certainly wouldn't be surprised by 100k. This website is 'Bitcoin to the Moon' after all.
New Year optimism. There's nothing quite like it. I was reminded of this yesterday when doing my daily exercise. The place where I go for this was packed. Getting a park was almost impossible, as even the illegal parks were taken. People were everywhere. You could feel the 'get fit, lose weight, eat healthy' New Year's resolutions in the air. And that's great. I'm happy to see people wanting to improve their physical well being. After all, if you don't have your health, it doesn't matter how much Bitcoin you have.
The thing is, that at the start of the year, on a beautiful day, and a holiday at that, filled with optimism and surrounded by like minded people, motivation and a positive outlook come easily. This won't be the case as the days, weeks and months pass. Sooner or later the day will come when holidays are long gone, you're tired and stressed, the weather is lousy, the crowds have disappeared and those who shared a smile and an encouraging word have decided to stay at home. This is the true test of whether or not a resolution will become reality.
If you entered the Bitcoin market in 2017, well done. You have seen the price go up and up, while the corrections have rebounded quickly to achieve further all time highs. Not only that, but many others have joined you on the journey. People from all walks of life, some of whom had never even heard of Bitcoin before, have piled in to get themselves some BTC. Exchanges haven't been able to cope with processing the number of requests for new accounts. It's been one big Bitcoin bull run party. Until now.
The recent fall from nearly 20k to under 11k did rebound, but it is still significantly below the all time high. The market is moving sideways, looking for a breakout to the upside or possibly even the downside. Now I think it will move up, however, it may not. Some are selling their Bitcoin and getting out, while others are exchanging their BTC for the latest fad altcoin where the price is pumping. These are the most testing times we have faced since the start of the 2017 bull run. What should you do now? What will you do if the price falls?
What will I do? Learn from the past. In 2011, Bitcoin fell in price by more than 90% from $32 to $2. The amount in dollar terms seems small now, however, those who bought large quantities at $32 faced a tough situation after the crash. It's easy in hindsight, but it wouldn't have been easy at the time. Next, towards the end of 2013, Bitcoin's price spiraled downwards from a high of $1,100 into a long term bear market that went as low as $200. Again, testing times for people who bought in near the peak.
Those who have believed in the technological innovation of Bitcoin and its potential for changing the future of finance, have in most instances, held during the market downturns. This decision has paid off handsomely, as they have eventually seen their Bitcoin rise in value way beyond previous highs and in some cases beyond their wildest dreams. This is the kind of motivation that can help you to stay strong when everyone around you has given up.
Speaking of up, one way or another, I believe that's where Bitcoin is going.
Bitcoin to the moon in 2018!
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