Posted on

Bitcoin Gold

Before the dust has even settled on Bitcoin’s civil war, which saw an acrimonious disagreement about how Bitcoin should handle its scaling debate, the major digital currency could be splitting again.

Bitcoin Cash was threatened, laughed off, created, boomed, and them fizzled out as Bitcoin carried on its merry mooning way, now with more capacity because of SegWit. Bitcoin Cash was the alternative to SegWit where blocks were blown up to monstrous proportions.

Bitcoin Gold, as the new potential hard forking currency will be called, is now an attempt to wrest the lucrative mining component of Bitcoin out of the hands of the giant firms that have monopolised the creation of the digital currency.

The people’s fork?

The new fork, set to reach landfall on October 25, is aiming to democratize mining. Mining farms and pools hold all the cards within Bitcoin, both as a voting demographic and as manipulators of things like price and fees.

Bitcoin Gold wants to see at-home enthusiast miners back in control. The project was apparently co-founded by Jack Liao, CEO of Hong Kong-based Bitcoin mining company LightningASIC. LightningASIC also conveniently sells the hardware that this new market of miners will need.

This fork seems to be a reaction to the general hatred that is flung towards Chinese mining giant Bitmain who, along with their controversial leader Jihan Wu, had a big part in the creation of Bitcoin Cash.

It must also be noted that Bitcoin Gold is different from another fork that is scheduled for November: Segwit2x. The November fork is aimed at increasing the capacity of the network where as the Bitcoin Gold split is looking to cut more people in on the mining pie. <Continue Reading>

Bitcoin

Bitcoin Millionaires Club

Joining a bitcoin club is the easiest way to begin creating wealth. With as just a few hundred dollars, you can be on your way to joining the elite group of bitcoin millionaires. <Join Now>

Posted on

Travel Agency Exclusively Accept Bitcoin

In efforts to embrace Bitcoin and other cryptocurrencies, Gozo, Malta-based travel agency Bitcoin Adventures has decided to offer its clients package holidays that are paid exclusively with Bitcoin.

The move has got its first two tourists as of early October, Lovin Malta reports.

In the agency’s promotional video, co-founder Leon Siegmund said that they intend to promote Bitcoin as a better form of payment.

Malta-Based Travel Agency Decides to Exclusively Accept Bitcoin Payments

“Bitcoin is better money because there is no central bank, no inflation, and no transaction fee involved, and sending money just involves two people and a smartphone. The problem is that nobody uses Bitcoin so nobody thinks it works, and because nobody thinks it works, nobody uses Bitcoin. We are trying to disrupt the status quo here. You can now book an amazing adventure holiday in Gozo and pay with Bitcoin, so the local merchants get more bookings and revenue, and start seeing Bitcoin as better and beautiful banking.”

Malta and Bitcoin

The agency has already signed up its first ever tourists under its promotion – Japanese citizen and infrastructural support engineer Takesho Koide and his wife. Koide claimed that he wanted to visit Malta the moment he saw online photographs of the Blue Lagoon and street cars.

Rather than booking with a regular travel agency, however, he and his wife have chosen to take the kayaking trip and three-night stay in Gozo offered by Bitcoin Adventures.

According to Koide, the use of Bitcoin as payment is increasingly becoming popular in Japan, as a growing number of retail stores are already accepting Bitcoin as a form of payment.

Bitcoin Millionares

Joining a bitcoin club is the easiest way to begin creating wealth. With as just a few hundred dollars, you can be on your way to joining the elite group of bitcoin millionaires. <Join Now>

“Bitcoin payment is becoming popular in Japan, because multiple retail outlets have started to accept Bitcoin payment. If this method is applicable for my future trips, I would like to make use of it as much as possible.” <Continue Reading>

Posted on

Bitcoin, Ethereum, Litecoin: Price Analysis, August 31

BTC/USD 31.08.2017

After multiple retests, the $4400 resistance zone has been hit by a powerful impulse. Though not so long ago, one can assume that the new resistance zone in the BTC/USD pair is $4650.

Technically, the picture is as follows:

  • $4400 is the support zone. There has been no full-blown retest, therefore $4400 test scenarios are highly likely.
  • $4650 is the resistance zone. We’ve seen a lot of buys at this level over the last couple of days.
  • Globally, the uptrend continues. But the movement has slowed down a bit, as there is probably a gradual shift of money flow from BTC to altcoins.

What to expect:

  • The most likely scenario of price behavior for the coming week is in the $4400-$4650 range. BTC will experience tests of support and resistance zones without any rapid price movements during the last hours of summer, after impressive growth in August.
  • The uptrend pressure may hit the $4650 zone. Apart from that, there are no other triggers. There’s no breaking news that could influence the price. In case a hit does take place, it’s very likely to be false.

The only factor that can profoundly change the course of <Read More>