Money Bitcoin’s price smashes through $10,000: A history of the digital currency by numbers

00:16  01 december  2017
00:16  01 december  2017 Source:   Smart Company

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.

We take a look at the digital currency ' s history by numbers . Despite years and years of disbelief, uncertainty, huge crashes and exchange hacks, digital currency Bitcoin has hit an iconic milestone, breaking through a $US 10 , 000 (,000) value per coin today.

The price of Bitcoin smashed another record early Thursday morning — , 000 for each unit of the digital currency . As of 7 AM Eastern time, BTC is selling for ,191.16, according to data from Coinbase.

Bitcoin© Provided by Private Media Operations Pty Ltd. Bitcoin

Despite years and years of disbelief, uncertainty, huge crashes and exchange hacks, digital currency Bitcoin has hit an iconic milestone, breaking through a $US10,000 ($13,000) value per coin today.

This marks a year of incredible growth for the blockchain-based currency, with the price per coin sitting at $US1000 in January, and fulfils a number of prophecies laid out by investors and speculators around the price of the cryptocurrency. Not JP Morgan’s Jamie Dimon though, he thinks Bitcoin is “a fraud”.

The milestone also marks a significant moment for the cryptocurrency market as a whole, with the entire market capitalisation currently sitting over $US300 billion. This is in part due to the astounding growth of Bitcoin, but is also in part due to the similar growth seen in other coins such as Ethereum, Litecoin, and numerous other “altcoins”.

Bitcoin Blows Past $12,000

  Bitcoin Blows Past $12,000 Photo. Getty Images The Bitcoin bubble continues to stretch to even more grotesque proportion s, 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.

Bitcoin smashed through the , 000 barrier Thursday, extending its incredible six-fold year-to-date gains to trade at a level that is now five times the price of gold. Will they create digital currencies of their own? Another key question is how successfully Bitcoin ' s numerous "alt-coin" competitors can

# Bitcoin smashes , 000 ceiling to hit another all-time high.

Bitcoin’s origin is shrouded in mystery, and the coin’s purpose today is a far cry from its original advertised use-case as a “peer-to-peer electronic cash system”. High transaction fees and similarly high transaction times has turned Bitcoin from a viable replacement for fiat currency into what many call “digital gold” — a decentralised value-store option.

  Bitcoin’s price smashes through $10,000: A history of the digital currency by numbers © Provided by Private Media Operations Pty Ltd. With the hype around the currency likely to continue across 2018 and perhaps beyond, here’s a few things you might not know about Satoshi Nakamoto’s groundbreaking technology, and a rundown on Bitcoin by the numbers.

10: The number of people who have claimed to be, or have been speculated to be the creator of Bitcoin Satoshi Nakamoto. Bitcoin was created in 2008 by an anonymous figure known only by the pseudonym Satoshi Nakamoto, who was active in the development of the technology until 2010 when they disappeared. Many have speculated or claimed to be Nakamoto, including Australian academic Craig Wright, and recently SpaceX founder Elon Musk’s name was mentioned (though he has denied the claims). A wallet known to be owned by Nakamoto contains approximately $US9 billion in the currency.

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.

Bitcoin smashes through ,100 to hit a new record high. by Prabhatt on TradingView.com. According to a blog post from Bitcoin exchange Coinbase, a fork is “change to the software of the digital currency that creates two separate versions of the blockchain with a shared history .”

Bitcoin ’ s value has surged more than tenfold this year and has jumped by a fifth in the last three days alone Bloomberg Bitcoin has burst through the $ 10 , 000 mark for the first time in its history , sparking fresh fears that the digital currency …

0.08: The amount of US cents that Bitcoin first traded at in 2010.

Seven: The number of years it took for Bitcoin’s price to reach $US1300.

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.

By Tuesday morning bitcoin was trading at $US9650, and it “does feel like it’ s just a matter of time” before the digital currency hits the $US 10 , 000 (,150) milestone We’re hearing huge numbers — somebody said half a million new users a day are coming through to bitcoin across the world.

Bitcoin ’ s value has surged more than tenfold this year and has jumped by a fifth in the last three days alone Bloomberg Bitcoin has burst through the $ 10 , 000 mark for the first time in its history , sparking fresh fears that the digital currency …

28: The number of days it took for the price to go from $2000 to $3000.

3: The number of days it took for the price to go from $9000 to $10,000.

194: The number of times Bitcoin has been proclaimed “dead” by publications, financial institutions, and investors. This includes times it was declared the price would go to zero, and the times the Bitcoin market was compared to the Dutch tulip bubble of 1637.

Two: The number of times Bitcoin has been “forked”. Late 2017 saw a number of contentious issues arise in the Bitcoin community around the best ways to help scale the coin as more and more users got on board. This lead to a number of members of the community supporting a different set of protocols for the Bitcoin chain, resulting in a split of the original chain, or a “fork”. This has happened twice so far, creating Bitcoin Cash (valued at $US1500) and Bitcoin Gold (valued at $US340), which all users who held Bitcoins received for free.

159: The number of countries which Bitcoin mining outranks electricity. The amount of energy expended mining Bitcoin globally now exceeds the energy consumption of more than 150 countries, and is on par with the annual electricity consumption of Morocco. Bitcoin is mined through high-powered computers solving complex equations, which in turn creates the “blocks” of the blockchain.

The only thing rising faster than Bitcoin's price is the number of people who think it's a bubble

  The only thing rising faster than Bitcoin's price is the number of people who think it's a bubble Bitcoin mania is showing few signs of slowing down with prices surging to $US11,390, an all-time high, on Wednesday. About the only thing rising faster than the cryptocurrency is the number of people who think it's a bubble. Bitcoin mania is showing few signs of slowing down with prices surging to $US11,390, an all-time high, on Wednesday.

In a rally, bitcoin begun the year at , 000 and smashed through , 000 by October. He added: “Given that number of users haven’t exceeded 0.1% of the global population, there’s still more Business Comment 15:14. Retail-fever, the future of e-commerce & Bitcoin ’ s drive towards 10 k.

Bitcoin ’ s value has surged more than tenfold this year and has jumped by a fifth in the last three days alone Bloomberg Bitcoin has burst through the $ 10 , 000 mark for the first time in its history , sparking fresh fears that the digital currency …

21 million: The total number of Bitcoin that will ever be created, speculated to be reached by 2040. Currently, there are 16.7 million Bitcoin in circulation.

4 million: The number of Bitcoin lost forever. A recent study reported byForbesrevealed that analysts believe 4 million in Bitcoin (around $US40 billion) is lost forever, either due to misplaced digital wallets, transactions sent to the wrong address, or just general carelessness. This number also includes the amount held in Nakamoto’s wallet, which is assumed to be out of circulation.

?: What the price will be in 12 months. Despite constant cries of “Ponzi scheme” and comparison to historic market bubbles, the cryptocurrency market is unlike any seen before, and Bitcoin’s $US10,000 price has defied all expectations.

The future for cryptocurrencies are entirely uncertain, especially with potential government regulation and traditional investor interest on the horizon. Only one thing is certain: the price will either go up or go down.


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.

Source: http://au.pressfrom.com/news/money/-48114-bitcoin-s-price-smashes-through-10-000-a-history-of-the-digital-currency-by-numbers/

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