Money Bitcoin Blows Past $12,000

17:15  27 november  2017
17:15  27 november  2017 Source:   gizmodo.com.au

Crypto Bull Tom Lee Doubles Bitcoin Price Target to $11,500

  Crypto Bull Tom Lee Doubles Bitcoin Price Target to $11,500 The bitcoin bulls are charging. A day after hedge fund manager Mike Novogratz said the cryptocurrency will end the year at $10,000, Fundstrat’s Thomas Lee doubled his price target to $11,500 by the middle of 2018 -- a 40 percent gain from current levels.Lee, who heads research at Fundstrat, said a 10 percent pullback earlier this month triggered by the controversial cancellation of an upgrade to bitcoin’s underlying software has set the stage for the coming surge.The November slump “cleaned up weak hands,” Lee wrote Wednesday in a note to clients that almost doubled his last forecast.

11/26/17 12 :32pm. The strong gains more or less put Bitcoin on a path to clear a value of , 000 by the end of calendar year 2017, and potentially even more.

People thinking about upgrading or building new gaming PCs have had a rough six months. First, there was the cryptocurrency boom, which caused graphics cards to sell for double or triple their MSRP. Then, just as soon as GPU prices began to fall, the price of RAM became an issue

a close up of a metal pan© Provided by Allure Media Pty Ltd The Bitcoin bubble continues to stretch to even more grotesque proportions, clearing a value of at least $12,007 per bitcoin and attaining a market cap of $200 billion on Sunday, TechCrunch reported. The strong gains more or less put Bitcoin on a path to clear a value of $13,132 by the end of calendar year 2017, and potentially even more.

While doomsayers have been predicting a massive crash in the cryptocurrency market for years, Bitcoin has largely continued its trend of explosive growth - for now. What might have cost a pittance a few years ago could be worth tens of millions of dollars today.

Home owner willing to accept Bitcoin as payment could make history

  Home owner willing to accept Bitcoin as payment could make history "It's something different, it’s never been done before."Robert Gadd has spent 18 months constructing the five-bedroom home in the foothills of the Dandenongs and has put it on the market.

Speculators have shrugged off a Chinese crackdown and other controversies.

Bitcoin , the scorching-hot cryptocurrency, broke through ,000 a coin for the first time Wednesday. The new milestone comes less than a day after it hit $ 12 , 000 . The price of bitcoin is up more than 1,180% year-to-date, according to data from Markets Insider.

a screenshot of a social media post© Provided by Allure Media Pty Ltd

Other cryptocurrencies like ether have also become very valuable, and the initial coin offering sector - a more or less totally unregulated form of investment vehicle for crypto-backed startups - took in billions of dollars in 2017. Per the Washington Post, even a few high-ranking members of Donald Trump's administration like "budget director Mick Mulvaney and vice president Mike Pence's chief economist Mark Calabria" are Bitcoin boosters.

However, adoption of cryptocurrency by the public at large (or for that matter, by retailers and other firms) has been limited, meaning that most of the growth in bitcoin's value has been driven by speculation and investors looking to get rich quick. The crypto markets in general are littered with shady companies and scams, and bitcoin has a tendency to implode in value every now and then due to occurrences like the crash of trading exchange Mt. Gox, so it's possible something could quickly knock the value back down a peg.

Bitcoin blasts past $10,000 mark amid bubble concerns

  Bitcoin blasts past $10,000 mark amid bubble concerns The cryptocurrency's value has risen nine-fold since the beginning of the year. Tuesday's trading price gives bitcoin a market capitalization of $168 billion, greater than the vast majority of S&P 500 companies, including Dow 30 components Boeing, Disney and GE.Since its founding in 2009, bitcoin has made a name for itself by allowing for anonymous transactions. The digital currency is now accepted by more than 100,000 merchants worldwide, including Microsoft, Dish and Subway. The cryptocurrency has experienced a massive run in 2017. On Jan. 1 this year, bitcoin was priced at just under $1,000.

The value of all cryptocurrencies now stands at nearly 0 billion, according to Coinmarketcap. Bitcoin has more than tripled in price since the start of October, putting it on track for its best quarter since the end of 2013, when it surged above , 000 for the first time. Bitcoin blows past , 000

On Wednesday morning the leading cryptocurrency surged past the 12 , 000 mark for the first time. The reason: the ever-swelling demand was pushed further by the news that the main US derivatives regulator would allow major financial operators to sell Bitcoin futures contracts.

But as TechCrunch noted, Bitcoin shows no signs of slowing down in the immediate future to the point where "news of clearing these incremental price hurdles are going to get old." One wonders how long these good times could possibly last.

Bitcoin exchange NiceHash robbed of $64 million from its wallet .
As the value of Bitcoin soars, it also turns holders of large volumes of the currency into prime targets for thieves. For those keeping score, that’s about 4,700 BTC, each worth about $13,617 at the time of the breach.

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