Bitcoin has been in a downward spiral over the past couple of weeks, with the price falling from the 6,000s to the 5,000s to the 4,000s and now to the 3000s.
After holding steady for so long in the $6,000 range, many had got comfortable with the stability of the price. BTC had become like the ultimate stable coin. Not so now, as even some long time holders have started to sell, fearing a further price collapse.
For those who invested more than they could afford to lose, selling is an understandable reaction to a sudden fall, after a sustained period of market strength. This is why I repeatedly say, "Never invest more than you can afford to lose." That way, you can afford to hold your Bitcoin, no matter how low the price may go. In a worst case scenario, you can still pay the bills without losing a single Satoshi of your Bitcoin position.
So if you're entering the BTC market now, or increasing your position as the price falls, keep in mind what I have just said. Bitcoin could still go lower and the price may not rebound for a considerable period of time. No one knows for sure. Don't put yourself in a position where further price drops or a sustained bear market force you to sell because you're overextended. Be a wise investor, not a gambler.
Personally, I believe that Bitcoin will eventually return to all time highs and beyond... to the moon! Nothing has changed in terms of its fundamentals and the technology being built around it and to support it. Better days are ahead. Stay strong.
This brilliant song and video clip, 'Bitcoin Please Go To Moon', featuring 'bearish' Tone Vays and 'bullish' Mike Novogratz, was created by 1thousandx.
You will find the lyrics and video below. Enjoy!
Bitcoin please go to moon
Stop going sideways now
Tone Vays say
We going down to 1k
But Mr Novogratz say
Novogratz is bullish
Tone Vays is bearish
[Tone] Bearish target is 1300
Novogratz is bullish
[Novogratz] Bitcoin can be at 40 000
Let us go to moon
Bitcoin's price battle in the 6 to 7k range continues to rage. As you can see in the chart above, the past month has seen BTC navigate a narrow channel between $6,200 and $6,800. Sharp moves in either direction have lacked the momentum required to break out of this zone and push the price into a sustained trend up or down.
While bulls and bears plead their case, a strong hand and a firm belief in the long term future of Bitcoin are required to hold your position in the number one cryptocurrency. Trading and banking on significant price movements in either direction in the short term is a high risk strategy, fraught with danger.
There will only ever be 21 million Bitcoin. History is on the side of an eventual return to the previous high and beyond. Will you still be holding your BTC when that day arrives?
Bitcoin Rhodium (XRC). Have you heard of it? Possibly not, and it's no wonder. We've already had Bitcoin Cash, Gold, Diamond, Private, Atom, Top, Hot and even Pizza for crying out loud! The number of forks and sporks has truly reached the absurd stage, so why on earth would anyone care about, let alone remember Bitcoin Rhodium?
While at first glance this seems to be a fair enough reaction, a closer inspection of Bitcoin Rhodium reveals that it has some special properties that set it apart from the list of Bitcoin 'Whatevers' mentioned above. To start with, it not a fork of the Bitcoin blockchain, nor is it a spork of Bitcoin and another altcoin. Instead, Bitcoin Rhodium is an airdrop, awarded only to those who signed up to claim it, and not to all Bitcoin holders. In addition to that, the developers have built a brand new blockchain. This gives XRC a uniqueness advantage over the forks.
Next, and this is the killer app in my opinion, the supply of Bitcoin Rhodium is capped at two point one million (2,100,000). This is opposed to the circa twenty one million coins made available by the vast majority of Bitcoin forks, and the whopping two hundred and ten million units of Bitcoin Diamond. This gives XRC a scarcity advantage over the forks.
Furthermore, the team members, including the developers behind Bitcoin Rhodium, have chosen to remain anonymous. In all communication on their Discord channel and social media sites, they have opted to use pseudonyms. Doing so removes the single point of weakness factor, created when there is a central, known figure behind a cryptocurrency. This gives XRC a security advantage over the forks.
Add to this, enhanced privacy via two anonymization levels and a partnership with the rhodium precious metal market, and you've got a powerful new crypto asset.
Bitcoin Rhodium is set to launch shortly after the final claim period, which ends on September 29, 2018. Finally, the secret will be out and Bitcoin Rhodium will take the crypto world by storm!
You can find out more information at the official XRC website, BitcoinRh.org and follow them on Twitter @BitCoinRh.
Brian aka The UK Bitcoin Master, recently presented an episode of his 'Bitcoin for Beginners' show, decked out in an ultra cool Bitcoin Rhodium t-shirt. Want one? Get it here along with heaps of other sweet XRC merch.
During the show, Brian pulled no punches, as he implored viewers to have a strong hand and hold on to their Bitcoin while the price is down. He also emphasized the importance of understanding the Bitcoin halvings and storing your Bitcoin using a hardware device.
You can watch this episode in full below and subscribe to The UK Bitcoin Master's YouTube channel here. Enjoy!
Adam Meister, the Bitcoin Meister, the Disrupt Meister was rocking a Bitcoin Rhodium t-shirt on today's episode of his 'Beyond Bitcoin' show. He discussed the XRC airdrop and Andy Hoffman's most recent Bitcoin Rhodium article, What Will BRhodium Trade At - Part IV. Adam also posed the question,"Why doesn't Andy have one of these shirts?" Well, it looks like he opted for a Bitcoin Rhodium clock instead.
Whether you're after a Bitcoin Rhodium t-shirt like Adam, a clock like Andy, or all manner of other XRC merchandise, you can get them from the Bitcoin Rhodium Merchandise Store.
The 'Beyond Bitcoin' show is broadcast live every Saturday. Topics covered include Adam's take on healthy living, eating, exercise, sleep, relationships, travel, lifestyle and freedom.
On Fridays, Adam assembles a small group of guests from around the world to discuss the week's BTC happenings on 'This Week in Bitcoin'. Every other day, Adam delivers a new episode of his '1 Bitcoin Show' to help you keep your finger on the Bitcoin pulse. Subscribe to his Bitcoin Meister channel here and keep up to date with all of these shows.
For now, kick back, relax and enjoy today's episode of the 'Beyond Bitcoin' show.
Bitcoin to the Moon has just launched on the cryptocurrency social media platform Steemit.com under the username @bitcointothemoon.
Along with producing an additional revenue stream, this move aims to attract Steemit members to BitcoinToTheMoon.com and readers here to Steemit.
Check out the introductory post here: Bitcoin to the Moon Launches on Steemit. If you like what you read, please upvote and resteem, just like Adam Meister, the Bitcoin Meister already has. To get the latest content as it becomes available, be sure to follow too.
Bitcoin has finally broken to the upside, crossing the $7,000 mark after an extended battle in the mid-6,000s. This is welcome news in a market that has seen many people in the crypto space, down and discouraged about the BTC price, despite its fundamentals being stronger than ever.
Some traders say that this Bitcoin price spike is a 'dead cat bounce' or 'short squeeze' that will soon be followed by new yearly lows. While some hodlers predict an incoming all time high. I say that short term price movements don't matter, unless you absolutely have to sell due to immediate financial stress or having invested more than you can afford to lose.
Otherwise hold. The 2020 Bitcoin halving, when the block reward will reduce from 12.5 to 6.25 BTC per block, is less than two years away. Remember what happened to the price leading up to the last halving and in the year that followed? I'll give you a hint... Bitcoin to the Moon!
With altcoins getting crushed, Bitcoin dominance back above 50% and the price of a single BTC possibly within reach, this is an opportune time to 'just learn Bitcoin'. To assist you in this quest is the newly launched and aptly named website, JustLearnBitcoin.com, which aims to teach strategies for building wealth over time via Bitcoin.
The site is the brainchild of Daniel, better known by many in the Bitcoin and cryptocurrency communities as 'The 21 Million Club'. His expertise as someone who can safely split Bitcoin forked coins, such as, Bitcoin Gold, Bitcoin Private and Bitcoin Diamond, is widely recognized in the crypto industry.
Visit 'Just Learn Bitcoin' today and discover what Bitcoin is, why it's important, why you should own it and where you can buy it. You can also avail yourself to Bitcoin consulting services, including retrieval of coins sent to the wrong network, wallet setup and backup and forked coin splitting. There is even a technical analysis trading course that you can enroll in.
To keep up to date with the latest news and developments relating to the site, follow @JustLearnBTC on Twitter.
Get your Bitcoin Rhodium on, with some cool XRC merchandise. You'll find t-shirts, mugs, stickers, phone skins, bags, posters, notebooks and much, much more. Items are available in a wide variety of styles, sizes and colors.
Developed by BitcoinToTheMoon.com, the Bitcoin Rhodium: Scarce on Earth, Bound for the Moon range of merch is hot off the press, just in time for the fast approaching launch of the coin.
Take a look at some samples below and get yours here: Bitcoin Rhodium Merchandise Store.
Bitcoin to the Moon is dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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