Bitcoin Nears $10k With the Halving Only Days Away
Bitcoin is nearing $10k with the halving only a few days away (estimated on May 11 2020). That is all 🙂
Bitcoin (BTC)
Bitcoin is the most commonly known cryptocurrency. It’s a decentralized digital currency that is secure and private and can be used in transactions worldwide. It carries with it a number of pros and cons and is currently rather volatile.
In this section we discuss everything Bitcoin including how it works, what it’s worth, how you can “mine Bitcoin”, and more.
Bitcoin’s Block Reward is Cut in Half in Less Than a Week
The Bitcoin halving, where Bitcoin’s block reward will decrease from 12.5 to 6.25 BTC a block, is less than a week away. It will occur at block 630,000.
Simple Ways to Buy Bitcoin
Three simple and easy ways to buy Bitcoin are Square’s Cash App, Coinbase, and GBTC on the stock market. Square and Coinbase get you actual Bitcoin, GBTC is a trust that holds Bitcoin.
Bitcoin Potential Breakout
Bitcoin is potentially breaking out toward the upside from a range formed in March 2020. The next major resistance is the previous range above that was formed in early March as shown on the chart.
Bitcoin Halving Dates and Trendlines
Bitcoin is about to experience its third halving. The first halving was Nov 28, 2012, the second July 9, 2016, and third is mid-May 2020. This chart shows repeating trends going into the halving.
Bitcoin Historic Bullish Pattern Holds Despite Corona
The Coronavirus has been taking out just about every market, and crypto has been no different. However, Corona hasn’t been enough to throw Bitcoin off any long term trends.
Crypto Corrects After Coronavirus Catalyst Puts End to Epic Run… But the Halvening is Still Coming Up
After an epic run crypto is seeing a correction that seems to be correlating with Coronavirus fears in other markets.
Square Crypto Launches its First Product, a Lightning Development Kit
Square Crypto, a subsidiary of Square, launched its first product. The new product is a Lightening Development Kit for Bitcoin’s Lightening Network.
Securing Your Crypto Wallet and Crypto Accounts
Cryptocurrency wallets are generally very safe. However, it is up to you to use best practices such storing your private key, seed phrase, pin, and/or password somewhere secure and using 2FA when applicable.
Bitcoin Address Formats
Currently, there are three different Bitcoin address formats. You can tell the difference between the types of addresses by if the address starts with a 1, 3, or bc1.