At around 8:25PM ET on 11/28/2017 Bitcoin has broken the 10K barrier.
We were watching as it clicked $9,999.99 and then rolled the wheels to $10,0000!
We have inventory of CryptoSteel in stock and ready to ship. CryptoSteel is the ultimate offline, fireproof, waterproof, shock proof and just about everything proof storage for Cryptocurrency private keys or password storage. Check out our unboxing of CryptoSteel.
It took less than 1 week for the Bitcoin price to go from a high of more than $7,5000, a tumble to $5,500 and a bounce back to over $7,000. This represented an excellent opportunity to “buy the dip”. The fire sale price was caused by the recent canceling of the Segwit2x Fork that would have created a 2x coin with larger block sizes for holding transactions. The 2x fork was canceled due to lack of community support at this time. The end result for the Bitcoin network is we really no change from where it was a month ago. Is this the beginning of the climb to $8,000? We think it just might be time to break the seal on 8k.
Where do you think Bitcoin will be by the end of 2017?
Bitcoin (BTC) has dropped approximately $1,500 in the past 4 days after the Segwit2x Fork was canceled. This dip was anticipated by many chart analyst as the increase from $6,000 to over $7,000 was believed to be from the upcoming Segwit2x hard fork. It is important to remember that Bitcoin first broke $6,000 at the end of October before running up to over $7,500. We are now back to the value that was established in late October.
So, is this the bottom of the dip before the climb to $8,000 or is there more consolidation needed first? We believe there could be more consolidation between $5,200 – $5,800 before the climb to $8,000. (Note -ProtectingCoin.com is not a professional financial advice provider so please complete your own research, this is only an opinion).
Trezor, the makers of the original cryptocurrency hardware wallet, announced plans to release the Trezor Model T (aka Trezor 2) in 2018. A limited pre-order was offered and most sold out within 24 hours. The pre-order batch will release in Q1 2018 with wide released expected later in 2018. Follow ProtectingCoin.com as we will be getting some early samples.
The biggest change is the larger color touchscreen. A firmware, built from the ground up, will also aid in faster development to add support for new Cryptocurrency coins in the future.
No MSRP has been provided yet but we will update as soon as one is listed.
Now enjoy a few shots of the Model T.
ProtectingCoin.com has been listed as an official USA distributor.
Find the full list here: https://trezor.io/resellers/
The Segwit2x hard fork scheduled for mid November has been canceled at this time due to a lack of consensus. The 2x fork would have created another blockchain that supported larger block sizes compared to the Bitcoin (BTC) chain.
New all time high as BTC breaks through $7,000 per coin, currently trading at $7,050. This is an increase of more than $2,700 over a 30 day period. Coinbase.com, one of the primary US based Cryptocurrency exchanges, is now serving over 11,800,000 customers and is growing by 40,000 customers a day on average.