Bitcoin Rhodium (XRC) is a new cryptocurrency that is being distributed via airdrop. Unlike hard forks of the Bitcoin blockchain, such as Bitcoin Cash and Bitcoin Gold, it will not simply be awarded to Bitcoin holders who control their own private key. Instead, you need to sign up to receive the coins using your Bitcoin address and an input signature which you generate from your Bitcoin wallet.
You sign up for this airdrop via the official Bitcoin Rhodium website, BitcoinRh.org. Do not sign up for it anywhere else. There are bound to be, if there aren't already, scam sites set up pretending to be official that will try and steal your Bitcoin. You can protect your Bitcoin by never sharing your private key or seed phrase. Any site or email, regardless of how legitimate it looks, that asks for this information is attempting to scam you. No matter what they say, never share it. If you do, you will never see that Bitcoin again.
Bitcoin Rhodium is limited to 2.1 million coins. Yes, the decimal point is not a typo, it's two point one million, not 21 million like Bitcoin. If you register by December 25th 2017, you will receive 5 XRC. There is also a snapshot of the Bitcoin blockchain planned for January 10th 2018, to facilitate a possible second airdrop, and on January 18th you will be able to create a Bitcoin Rhodium wallet and claim your XRC.
The overall coin distribution of XRC will be:
Public mining will open up at the end of January 2018.
For more information about any of the details related to this airdrop visit BitcoinRh.org and their official Twitter page, twitter.com/BitCoinRh.
After quickly moving from 18k to 19k, Bitcoin made a run towards $20,000. When closing in on the major milestone, it met resistance and fell to just above $18,000.
Bitcoin has since made a $500 recovery. This is a good sign, especially if it can continue to build, or even move sideways, in preparation for another push towards all time highs. This would be consistent with previous pullbacks that have occurred during the 2017 bull run. It is a time to remain calm and see what the market does.
Further updates will be posted as they come to hand.
Before going to sleep I wrote, 20k by Christmas in Sight as Bitcoin Reaches $18,000, only to awake to $19,000 Bitcoin. This move that occurred as I slept is more than the price of a single Bitcoin just one year ago. Blink and you'll miss it is not far from the truth.
Now, can Bitcoin make the final 1k move to $20,000 by Christmas? Well, as we've seen, the time frame certainly won't be a problem. The charts look bullish. The external circumstances of futures trading and the growing promotion of Bitcoin mania in the mainstream media look bullish. So yes, I think it will.
After some time spent consolidating the price above 17k, Bitcoin has resumed its climb, reaching a new high of $18,000. With this milestone under its belt nine days out from Christmas, there is a chance that Bitcoin could move the final $2,000 required to serve up 20k for the occasion. This is especially so when you consider how quickly it jumped between thousands during the recent acceleration of the bull run.
Just 18 days ago, Bitcoin reached $10,000 for the first time. $20,000 by Christmas will mean that while the first $10,000 took more than 8 years to achieve, the second $10,000 will have taken less than one month.
These are amazing times in the cryptocurrency space, that is for sure.
If you own domain names that aren't being utilized at the moment then put them to work to earn you some Bitcoin.
Domain name parking platform Bodis.com makes it quick and easy for you to monetize your domain names with relevant text link ads, as shown in the example below. Every time a visitor to your domain clicks on one of the links, you earn affiliate income, which with Bodis can be paid out in Bitcoin.
To set your domains up like this:
Obviously the better your domain names and the more traffic they generate, the greater the likelihood that your will receive more clicks and earnings. Mind you, the amount earned per click can vary greatly depending on the industry involved and the popularity of the keywords with advertisers.
Pound that like button if you think Adam Meister rocks in the Bitcoin to the Moon T-Shirt that he wore on today's episode of The 1 Bitcoin Show on his Bitcoin Meister YouTube channel. Scroll down to the end of this blog post to watch the episode in its entirety right here.
If you like Bitcoin news delivered with high energy and enthusiasm that's off the charts, then Adam's channel is the place to go. He presents a new live show every day and on Fridays he hosts, This Week in Bitcoin. On this show, Adam assembles a variety of Bitcoin experts from around the world to discuss what's been happening in the cryptocurrency space. The guests change each week, which helps to give the viewer a broad perspective on how Bitcoin and other cryptos are used and perceived in different countries.
So people, pound that like button for Adam Meister, the Bitcoin Meister, the Disrupt Meister and enjoy The 1 Bitcoin Show. And remember to buy and hold, have a strong hand, be a twenty percenter, gold and hold, think long term, 2020 halving, delayed gratification, subscribe to the channel and always check out the notes section below where all the pertinent links are, you can get your t-shirts, ledger nano, trezor, arrange a crypto consultation. And if you haven't already ... pound that like button!
Bitcoin goes up
Bitcoin comes down
Then when it bounces
New highs are found
Bitcoin is limited
To twenty-one mill
It ain't like fiat money
That's printed at will
You can fork Bitcoin
Like Bcash and Bgold
Giving free crypto
To all those who hold
Bitcoin is rising
Destination the moon
Load up your Trezor
We'll be there real soon
After a parabolic rise from $10,000 to $17,000, Bitcoin pulled back to just below $15,000. In the brief time since then, the price has been choppy, moving between the low mentioned and slightly above $16,000. At the moment it is trading at $15,200.
Considering how fast and how far Bitcoin went up in a matter of days, this is not a major correction. Doom and gloom talk of a bursting bubble did not come to pass and the king of cryptocurrencies once again proved to be strong and resilient.
Significant pullbacks earlier this year saw Bitcoin bounce back quickly and set new all time highs. Once again it appears that Bitcoin is building and strengthening for a repeat of this scenario.
Hopefully, if you bought in at the $17,000 peak, it was with money that you can afford to lose. If not, this is when a price pullback like what we have just seen can hurt you. The fear of further losses, and the inability to absorb them, can lead you to panic sell and take the loss. Whereas, investing only what you can afford to lose, gives you the ability to wait for a rebound, whist still being OK if instead the price falls a further $2,000 or more.
As we saw in the price crash of late 2013, having the ability to hold Bitcoin long term despite the current circumstances can pay off big time. For more information about this, read Lessons Learned from the Bitcoin Crash of 2013.
Another day, or few hours at least, another 1k gain in the price of Bitcoin. The king of cryptocurrencies just stepped things up to $17,000.
Some are comparing Bitcoin's rapid rise in 2017 to the dot-com bubble which burst in 2001. Others are saying it's a paradigm shift in technology, money and finance that is only just beginning and is set to revolutionize the world as we know it.
My take, is that even if Bitcoin suffers a major crash, followed by an extended period at a low price, it will eventually recover to a much higher level than it is today. Bitcoin is here to stay. Just as the dot-com crash did not stop the growth and influence of the internet long term, a mega Bitcoin price crash will not prevent it from becoming a societal game changer.
The behemoth that is Bitcoin is building fast. $13,000, $14,000, $15,000 and now $16,000, with very little time in-between to contemplate each milestone.
The forthcoming launch of CME, CBOE and Nasdaq Bitcoin futures markets, Marvin Goodfriend's nomination to the Federal Reserve's Board of Governors and the flood or regular folks speculating on the market, have all been put forward as possible contributors to the rise and rise of Bitcoin.
In the time that it took to type the sentences above, the price has already shot up an additional $200. This is one fast market and every time a pullback seems imminent the price just continues to push onwards and upwards.
17k may not be far away.
Bitcoin to the Moon is dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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