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Travel the World Using Bitcoin Only?

Bitcoin seems uninterested in reaching new highs even after several  days have passed of the halving event. The cryptocurrency remains right  under $670, with its price constantly dropping around the $650 mark and  then improving once again. The volume has declined once more, promising  peaceful days ahead, despite the strong buy signal received by  indicators and averages. However, what seems to be an utterly boring day in terms of price  movement, it’s actually a very interesting day when it comes to  Bitcoin-related events. Turns out that the Bitcoin wallet iPayYou has  made possible Bitcoin Twitter payments, while investors are demanding  solutions that would guarantee them that their money won’t be simply  stolen by hackers in the future, reminding of the unpleasant event that  took place in June when a thief scooped $60 million worth of the virtual  currency Ether. Nonetheless, probably the most amusing and unbelievable story is  about a man who managed to travel around the world using only Bitcoin. 

Felix Weis Proves Bitcoin isn’t dead by Travelling the World and Paying in Bitcoin Only

The most mind-blowing piece of information this week and maybe even  this year is the adventure of programmer Felix Weis, who decided to  prove everyone that the Bitcoin isn’t dead by travelling the World and  paying in Bitcoin only. Feeling irritated by people telling him that the cryptocurrency was over he packed his bags on 12th of January, 2015 and went on an 18-month journey all around the Globe spending only Bitcoin.  So far, Weis has visited 27 countries and 50 cities. We’re quite sure  that now he has a strong argument that the cryptocurrency is far from  dead. During his journey his three stipulates were: no banks, Bitcoin  first and cash only for Bitcoin. Therefore, when he needed local  currency, he would get to it only by exchanging Bitcoin. The other important news is a more serious one and related to money.  Namely, we all remember that in June a hacker stole $60 million worth of  Ether after raiding the experimental online venture-capital fund DAO.  This led investors to worry whether all their investments can be so  easily spirited away, without the chance to get them back. Therefore,  they prompted a debate  on whether thieves should be allowed to keep the money they’ve stolen.  If the debate inspires companies and experts to come up with a way to  keep this from happening, then the reputation of the Bitcoin would  certainly improve. 

Bitcoin Trading for $664.46; Volume Down

We already mentioned  that the Bitcoin didn’t seem affected by the halving. Therefore, it  shouldn’t be surprising to see the price per coin at $664.46 days after  the supply of the cryptocurrency has been halved. The highest price in  the past 24 hours, aside from the current one, has been rather  unimpressive $662.12, whereas the lowest point reached was $651.13.  Nonetheless, the overall 24-hour price change is positive 1.41%. The market cap has dropped a bit and settled at $10.48 billion;  similarly, the volume has declined as well and from over $130,000,000  two days ago we can see it at $73,390,500 today. Therefore, even though  the majority of the technical indicators as well as all moving averages  are sending a strong buy signal, it shouldn’t be expected to see the  Bitcoin price considerably jump any time soon. 

Tags :  Bitcoin, Cryptocurrency, News, Travel

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