Bitcoin is continuing to slide in Asian trade after prices fell by another 6% overnight. A short time ago, prices had slumped below $US9000 - a fall of more than 20% from levels above $US11,500 earlier this week.
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You've read the news - Bitcoin is up, Bitcoin is down, Bitcoin is this, Bitcoin is that. You've likely already decided whether or not it's something you're interested in. But it's not the only cryptocurrency you should be keeping an eye on. There are plenty of altcoins that are looking to do big things in the space in 2018 and we've got five you should definitely keep an eye on.
Very few would have predicted the meteoric rise of Bitcoin and other cryptocurrencies toward the end of 2017 - fewer still may have predicted the dip that occurred shortly after.
How can you find the next crypto to go 'to the moon'. Recently, finder.com.au enlisted nine panellists to help predict just where twelve of the biggest cryptocurrencies may head in 2018 and, interestingly, Dogecoin is predicted to be one of the biggest movers.
There's no shortage of places to pick up bitcoin if you're keen on having your own slice of cryptocurrency, but it doesn't hurt to have more options. So, as of yesterday, you can now pop down to the newsagency and purchase both bitcoin and ethereum OTC, though it does involve a hoop or two.
Welcome to Lifehacker's weekly round up of all things Bitcoin, altcoin and cryptocurrency. Bitcoin Mania has certainly died down, two months into the year, but there's still plenty of news about regulation, new technology and rival cryptocurrencies to sort through.
Here's the big news in Bitcoin this week.
"New Year, New Me" has been Bitcoin's mantra to start 2018. It's just that 'new' Bitcoin is the worst version of 2017 Bitcoin. After taking a huge tumble in value over the past few months, prospective buyers are now weighing up their options - is it a good time to buy Bitcoin? Should you 'buy the dip'?
Here's what the near-future looks like for Bitcoin and some of the things you need to weigh up if you're considering buying bitcoin now.
If you wish you could go back in time and buy a Bitcoin when it only costs a few bucks, now is your chance - sort of. A new video game (spotted by Motherboard) is offering players a shot at winning a single Bitcoin (currently valued at just over $12,700). All you have to do is buy the game on Steam for $US1.99 ($2.51) and be the first to beat it.
Over the past few months, Lifehacker has written a lot of articles trying to demystify the world of cryptocurrency, but there's still a ton left to cover. You could probably spend the rest of the year reading about cryptocurrency and still have more questions than answers. I'm not recommending anyone actually do that, but if you want to, there's a website you should check out.
Bitcoin's plummeting and a whole lot of cryptocurrencies are going down with it. Since early January, we've seen half the market value disappear. Some initially called it a 'bloodbath'. But it's been getting worse and worse. A single coin was once worth nearly $25000, now it's floating under $10000.
Is it time to get out?
That's a real tough question to answer.
The salad days of cryptocurrency are fading fast. Yesterday, the price of bitcoin fell below $6000. Some are predicting it could dip through $3000 in the months ahead. This is a far cry from December 2017, when a single bitcoin hovered around $25,000 in value.
During this week's crypto bloodbath, it might be tempting to poke fun at colleagues who invested heavily in bitcoin and wouldn't shut up about the huge profits they were making. Instead, try showing a little empathy.
Bitcoin is crashing, but you probably already knew that. However, if you haven't spent the past few weeks desperately refreshing CoinMarketCap (or one of the other sites that tracks the value of cryptocurrencies) you may have missed a shocking drop that's erased much of the value built up over 2017.
All good things must come to an end - and bad things, too. Bitcoin has had a hell of a ride over the last year, but that all seems to be over as almost 60 per cent of its value has vanished in the last month. Enthusiasm in the cryptocurrency market is low as Bitcoin dropped below $10,000 for the first time since November.
It's no secret that the value of Bitcoin and other cryptocurrencies can be volatile, but on January 9 the entire market took an unprecedented plunge - one that it still hasn't recovered from. At the time, there was no shortage of factors to blame, from the threat of crypto-regulation by national governments to frivolous mainstream investment, but in this case, the drop in Bitcoin's value may have been the work of exactly one person.
Welcome to Lifehacker's weekly round up of all things Bitcoin, altcoin and cryptocurrency. It's been a pretty average start to the year for all cryptocurrencies, to be honest. As mainstream press reports on things more and more, it feels like people are collectively willing cryptocurrency to fail. If you're holding coins, are you panicking?
Here's the big news in Bitcoin this week.