Today I want to present you Bitcore (BTX) - a virtual fork of Bitcoin launched in April 2017.
The official Website of the project: https://bitcore.cc
What are the main differences compared to other coins or what brought my attention to BTX?
Especially the last point needs further explanation. There are two possibilities to receive BTX coins:
Let's look at the big picture to determine potential midterm goals.
The long term view indicates how steep the current consolidation is. The consolidation can easily reach 150k but for the chart picture to brighten up it would be crucial to climb above the old ATH @250k Satoshi and slowly stabilise.
Only after breaking the current downtrend we can look for new upward targets. Worst case scenario would be a test of the ATL after breaking through 150k Satoshi.
I will revisit my current chart analysis in 2 weeks and post an update by then!
In the meantime feel free to ask questions in the comment section.
If you appreciated my article feel free to support my work with a small donation.
ETH: 0x8f08712c8676a639e05E31f8fB033b6C0a1A22A8
BTC: 1Lhc8G6inSZju8mhufniQtzE9rLwcLz68U
The official Website of the project: https://bitcore.cc
What are the main differences compared to other coins or what brought my attention to BTX?
- 21 Million Coins
- 10 MB Blocksize
- 2.5 min Blocktime
- GPU Friendly Mining Algorithm Timetravel 10
- New distribution concept
Especially the last point needs further explanation. There are two possibilities to receive BTX coins:
- Participate in the weekly airdrop (currently every Monday 4% of your BTX Balance - in January this will increase to 5%)
- Claim BTX with the latest BTC snapshot (you need your BTC private keys and at least 0.01 BTC Balance at the time of the Snapshot)
To be eligible for the weekly airdrop you need to complete the following steps:
- Download the BTX Wallet from the project site https://bitcore.cc
- Browse to https://www.bitcore.cc/airdrop.php and register your address by providing the public key and the signed message
That's already everything - enjoy your weekly airdrop!
To claim BTX as an BTC owner browse to the announcement post at bitcointalk https://bitcointalk.org/index.php?topic=1883902.0;topicseen and watch for news regarding the 2nd November Snapshot claim. This should soon be updated!
Now I want to write a couple of words about the current chart situation of BTX. Short term we have the following situation:
After the sharp rise to 660k Satoshi BTX is consolidating and slit below the old all-time high (ATH) from mid September at 250k Satoshi. The Bollinger bands were very narrow (see arrow) and the breakout accelerated the consolidation.
Let's look at the big picture to determine potential midterm goals.
The long term view indicates how steep the current consolidation is. The consolidation can easily reach 150k but for the chart picture to brighten up it would be crucial to climb above the old ATH @250k Satoshi and slowly stabilise.
Only after breaking the current downtrend we can look for new upward targets. Worst case scenario would be a test of the ATL after breaking through 150k Satoshi.
I will revisit my current chart analysis in 2 weeks and post an update by then!
In the meantime feel free to ask questions in the comment section.
If you appreciated my article feel free to support my work with a small donation.
ETH: 0x8f08712c8676a639e05E31f8fB033b6C0a1A22A8
BTC: 1Lhc8G6inSZju8mhufniQtzE9rLwcLz68U
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