It was good day for Bitcoin (BTC), as it jumped by $125.09 or 1.82%, touching $6986.89. According to Global Cryptocoin Experts, Bitcoin Diamond (BCD) eyes $22.17996 target on the road to $45.7717499641378. It had high of $0.01851 and low of $0.01451 for April 8-9. The open was $6861.80. Bitcoin Planet has a market cap of $54,139.00 and $221.00 worth of Bitcoin Planet was traded on exchanges in the last day. For 100 days BTC is down -52.64% from $14754.13. 200 days ago BTPL traded at $0.01212. This "hack" of BitCoin's code and it's SHA-256, did quickly get fixed and the coin with the 21,000,000 total mineable coin quickly became popular. It was founded on 03/01/2009. BTCRED uses algorithm and proof type.
If we take a look at BitCoin's technology, something most of you may already be familiar with, it is basically a first generation cryptocurrency which aims to operate in a completely decentralized way, without any authorities.
While comparing the previous Bitcoin bubbles to the current "bubble" is not an even comparison, due to the difference in the cryptocurrency's market capitalization, it may also not be even to compare Bitcoin, a digital currency meant to be used in place of fiat currencies, with bubbles of physical commodities and traditional financial markets. As with any new invention, there can be improvements or flaws in the initial model however the community and a team of dedicated developers are pushing to overcome any obstacle they come across.
Other cryptocurrencies like Ethereum.MVETH and Ripple.MVXRP also rose sharply. The price is as unstable as always and it can go up or down by 10%-20% in a single day. The block time is 10 minutes. According to 99Bitcoin's "Bitcoin Obituaries", BTC has died 278 times so far, with news outlets covering its "death" 3 times from the price jump period of Jan.to June 2011, 5 times from Oct.to November 2013, and 46 times since the new year (and 17 times during December 2017, the month of BTC's all-time price peak).
Once this has been proven to work effectively, what better marketing there is to want when it comes to BitCoin, but the fact that it simply works and it's just like cash.
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