Can't Imagine how many corrections will happen when it hit that price before it gets stable. Too much positive news were released in the last 24 hours, CME launch of bitcoin futures in Decemebr 18, MC Donalds to start accepting bitcoin as payment by 2018 and a statement from James Altucher's 10 predictions about where bitcoin and cryptocurrencies are headed. Can't wait what will happen later specially it is a weekend and almost all of the price increase in bitcoin occur during weekends. I thought the year is already ending, it seems that we will really start the new year with a bang in the crypto world.  

I can't believe this is really happening right now, two months ago bank executives are calling bitcoin as a bubble. Too much FUDs was given to bitcoin in the past month and suddenly now it will be included on the real world's trading platform and regulators even gave a green light for it. I now believe the saying "if you can't beat them, join them.". I wonder how the people who sold their coins when it hit $10,000 is feeling right now. It is not yet too late to buy back those coins.

Recent news around Bitcoin could be very tasty for fast food lovers! Betting giants Betway have released odds for people to take on the cryptocurrency being accepted by McDonalds by next year. It seems that the sharp rise in the price and mainstream popularity of the cryptocurrency has led to a real feeling that the fast food giants will accept it as a payment method soon. Currently, the betting is 1/2 and this could see many people taking the wager with odds so short.



It’s not only McDonalds that may accept Bitcoin

What is more amazing is that Betway has not only limited the odds it is offering on Bitcoin becoming an accepted payment method to McDonalds. Retail stalwarts Argos are in at 4/5 to begin accepting Bitcoin payments by late 2018, while travel giants British Airways are currently showing as 1/3 to do the same. In what would be a major move for them and their customers, the all-conquering Amazon are in the running too, with odds of 6/4 being given by Betway.


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Is this the reason why the price exceeded the $10,000 level again today? It is really a good news if Mc Donalds, the largest fast food chain, will accept bitcoin starting next year. I wonder how will banks react on this when they really do it.

Bitcoin's booming value has driven a huge rise in crypto-currency themed malware, say security firms.
In one month, anti-malware software company Malwarebytes said it stopped almost 250 million attempts to place coin-mining malware on to PCs.
Symantec said it had seen a "tenfold" increase in the amount of malicious code connected with crypto-cash.
Cyber-thieves are using both dedicated software, hacked websites and emails to snare victims.
Cashing in
"There's been a huge spike," said Candid Wuest, a threat researcher at online security firm Symantec, adding that it had been caused by the rapid increase in Bitcoin's value.
On 29 November, the value of one Bitcoin surpassed $10,000 (£7,943) - a massive increase on the $1,000 each one was worth at the start of 2017, although that figure has now fallen back sharply.
"With $10,000 being breached, and all the hype, a lot of people are trying to make money with crypto-coins," said Mr Wuest.
Most of the activity seen by Symantec and other security firms involves crypto-coins other than Bitcoin. This was because it took a huge amount of computer power to produce or "mine" bitcoins.
By contrast, he said, mining other crypto-coins such as Monero could be done on desktops, laptops and even smartphones.
Many of these alternative coins had risen in value alongside Bitcoin, said Mr Wuest.


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Bitcoin mining using other people's resources. The brightest idea that a person who wants to have a bitcoin can do. Imagine how much hashes they can get if they successfully installed those malwares on other peoples computers.

Maybe yes maybe not, no one can really say if how much the coin can end this year. it is barely stabilizing in the $10,000 level and it may even go down before the year ends. There are a lot of investors who already sold their coins when the price crossed the $10,000 boundary.

I wonder what will happen when the price cross $15,000 before this year ends. But I am sure that there will be a new thread that will be titled as "Can bitcoin hit $20,000 before the year ends". I remembered few weeks ago questions were about bitcoin hitting $10,000.

Recent news stories make it pretty clear that the new people in bitcoin have no idea what they’ve gotten themselves into.

Bitcoin is the Gom Jabbar of high finance. Cypherpunks who have populated the space to date hold the line because they do not care about money, and therefore do not fear.

These new people are different. The only reason they are here is the money.

They reek of fear.

When we consider that money from fresh, naive amateurs is flowing into the sector at a rate of millions of people per month, we should also understand that these amateurs are more susceptible to the animal spirits than their stoic, abrasive, less-socially-adept, battle-hardened forebears.

They will be prone to cut and run.

As such, a shock to the system, such as an exchange being taken down in a necessary and overdue enforcement action, could lead to a loss in confidence in the entire cryptocurrency ecosystem as a whole and a stampede for the exits the likes of which bitcoin has not seen to date.

In a recent post on my own blog, I pointed out that bitcoin, by setting itself up as a sort of decentralized bank, was also creating an unreasonable expectation to its new "depositors" that they will always be able to redeem their assets at par, given a wild mismatch between its $200 billion "market cap" and new investor money – which is clearly well shy of that number.

This expectation is dangerous as it means, in the event of a liquidity crunch, people will behave not as people necessarily behave when there’s a sharp sell-off in a stock, but more along the lines of when their bank’s solvency is being called into question. Remember bank runs?

As bitcoin qua decentralized bank is running a fractional reserve with a chronic shortage of dollars, a shock therefore has the potential to not just drive the price of bitcoin down a little bit, but also lead to a major liquidity crunch and abject panic.

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More and more negative news are released against bitcoin after it showed that it can really go beyond $10,000. Can we consider this as a move from within? From people who wants to have a lower price for the coin for them to buy more at a lower price.

Not at all, I don't see that it was a dip but rather a correction on the prices. People seeing it as a dip don't realize
how fast the coin went to that level before the price went down. I would even love to see the price go as low as $
5,000 for me to invest more on it. Bitcoin already proved that it can cross the $10,000 level and it will definitely
do it again in the next days.

How much do you trust Bitcoin and do you see it recovering from that dip? If you really trust bitcoin and see it's future potential then you should hodl those coins and just wait for the price to recover.  Don't join those people who are selling their coins just to earn more and are taking advantage of the price hype.


Why you people are so impatient and wants to convert their bitcoins at a lower price. Just trust bitcoin and it you will be rewarded more.

It happened before because there were people who intentionally manipulated the prices, trading their coins directly to those altcoins. The previous dip on bitcoin price was not a manipulation but rather an effect from people who sold their coin directly to their fiat currency. I remembered seeing almost all of the currency having red marks during the correction. We need to accept that there are investors who set their ceiling price at $10,000 and when bitcoin reached it they sold their coin. It may not be considered as panic selling but it really affected the market since bitcoin's price is only based on demands from investors.

I would love to buy your bitcoins if you really have some, no one is forcing you to be in the crypto world. Bitcoin community needs more people who sees it as a currency and not just an asset that they would sell once the price goes high. Once almost all of the community are consists of people who sees it as a currency then bitcoin will definitely have a higher price than today.

There are several exchanges that you can chose from you can just remove those exchanges who went down during the price pump.  

Yes that is right, people are being so pessimistic about it. They don't even consider that Bitcoin gained that $2,000 in less than 2 days so if we are going to check it's price it is just almost the same as 2 days before the price went up.


It is definitely a best time to hodl those coins, Bitcoin just proved that it can reach $11,000 and once the price stabilize after these corrections it will definitely be more than that amount.

It is really possible for the price to go as low as $7,000 because many of the owners a set their goal at the price of $10,000 which was already reached a couple of days ago. We just experienced a pump on price for almost $2,000 then eventually it dropped for more than that amount. That only means that there are people who already liquidated their coins but there are more people who are waiting in the bushes and when the price goes down they will definitely buy those coins at a much lower price. So after the crash the question is how high will bitcoin go again, are you going to be included on it?

All we can do is to hope that bitcoin's price will continue growing in the next days. But before that happens we need to hope that governments will begin embracing bitcoin. it's price will definitely go up because of the demand from people who are already into it and the people who are starting to invest on it. The current price only shows that more and more people are getting more aware of it but regulations from one country to another and worst a ban from them would definitely stop everything.

SYDNEY (Reuters) - Bitcoin hovered around $9,600 in volatile trade on Friday, after tumbling about 15 percent from an all-time high hit this week as some investors warned ominously of a bubble and further falls in the stratospheric cryptocurrency.

Bitcoin was down 2.8 percent at $9,612 in early Asian trading on the Luxembourg-based Bitstamp exchange, from a record peak of $11,395 set on Wednesday. On Thursday, it went as low as $9,000..

The latest slide has tempered an astronomical rise in recent months: Bitcoin was up almost 1,100 percent year-to-date on Wednesday. As of 0200 GMT, it was still up around more than 900 percent.

One wealth manager said technical chart analysis was predicting deeper falls.

“A correction could bring bitcoin back to its previous level of chart support of around $7,500. That’s over a 20 percent drop from its current price,” said Shane Chanel, equities and derivatives adviser at ASR Wealth.



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A positive way to report the current price change in the crypto world. Good thing there are reporters who sees the price this way.

I would suggest of having the items returned to Bitmain and just resend it to you with the correct invoices and waybills. I saw on their website that you just need to pay the shipping of the items again rather than being charged of $100 per day. You can also discuss how the shipping fees should be resolved if it was their fault.

Rotorua journalist Alison King started investing in Bitcoin in August.

She has been in the UK for about a year, returning to New Zealand next month. So far, she's put in about £400 of her own money into Bitcoin and has seen her account with UAE-based trading firm USI-Tech rise to be worth £1000.

"I'm currently getting $25 a day in return but I reinvest. I'll start to withdraw that when it hits $150, it sounds like a long time but by rebuying with my returns and the compound effect that will only be a couple of months," she said.

"USI-Tech pay out 140 per cent on your capital buy-in, it's a much better deal than with any bank and so many places are accepting Bitcoin as payment these days it made sense to me...  Just yesterday someone posted that they could quit their job at 32 as they were getting £700 a day back. I don't expect that much but I know it will mean the difference in part-time and full-time work."



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I don't think that it is the beginning of the end, it is normal for the price to have several correction after a common threshold was met. There are people who opted to sell their coins of course but I believe there are more people who believes that it is just the beginning of something big.

On August 1, a dissident faction of the Bitcoin community created a new payment network called Bitcoin Cash. There are lots of Bitcoin-derived spinoff currencies, of course, but this was unusual because it branched off from the existing Bitcoin blockchain. The result was the cryptocurrency equivalent of a stock split: everyone who owned one bitcoin before the split suddenly owned a "cash" bitcoin after the split.

Today, the value of Bitcoin Cash in circulation is about $20 billion. That makes it the third most valuable currency, after only the original Bitcoin and Ethereum. And this appears to be newly created wealth. The value of vanilla bitcoins didn't fall significantly on the day of the split, and it has since zoomed upwards so that the value of all conventional bitcoins is now around $150 billion.

With that kind of money on the table, it was inevitable that others would try the same trick. In early November, another group of Bitcoin developers publicly launched the Bitcoin Gold network. This version of Bitcoin swaps out Bitcoin's current mining process—where people compete for bitcoins by computing SHA-256 hashes using custom-designed mining hardware—with a memory-hard algorithm that, designers hope, will make it resistant to acceleration by custom hardware. The creators say they want to re-democratize Bitcoin mining, once again making it possible for anyone to earn Bitcoin Gold with their home PCs.

Like Bitcoin Cash, Bitcoin Gold split off from the main Bitcoin blockchain, so everyone who owned a normal bitcoin before the fork got a "gold" bitcoin after the fork. But the Bitcoin Gold team added a controversial twist: after the fork, it rapidly mined approximately 100,000 bitcoins for itself before opening the network to the public.

Bitcoin Gold is now worth around $270 per bitcoin, so the team essentially created a $27 million endowment for itself, which it says will support development of the Bitcoin Gold project. The Bitcoin Gold network as a whole is worth $4.5 billion, making it the sixth most valuable cryptocurrency after Ripple and Dash—and slightly ahead of the earliest successful Bitcoin fork, Litecoin.

The question now is who is going to try this trick next. The answer is: a lot of people. In recent weeks, a bunch of different people have announced plans to create new currencies. There's Bitcoin Silver, Bitcoin Platinum, Bitcoin Diamond, Bitcoin Uranium, Bitcoin Cash Plus, and Super Bitcoin.

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I doubt that people will still believe those forked coins after what happened in the previous forks. Forked coins are just really based on their fans and has no chance of replacing bitcoin.

Bitcoin is continuing its upward trajectory, hitting a record high above $11,000 this week. Yet, despite its rising value, hedge fund platforms are rejecting cryptocurrency funds as clients.

Brooklands Fund Management, Mirabella Advisers and Privium Fund Management, which deliver regulatory help for investment firms, have all had discussions with bitcoin funds, reports Bloomberg. However, all three have not taken on any as new clients.

Clayton Heijman, chief executive officer for Privium in the U.K., the Netherlands and Hong Kong, said:

The biggest risk we face is: is this hype? Is it a fad? Or is it here to stay? Is it the Tamagotchi from 20 years ago?

While Oz Eleonora, founder of crypto-asset investment firm Zinica Group and a board member of the Blockchain Institute of Technology in the U.S., claims that there are ‘huge risks’ involved for the platforms, adding:

They’re scared. They want to participate, but there’s a lot of reputation at risk. If you introduce a bitcoin fund without addressing the compliance properly, you’ll anger both the regulator and your client base.

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I don't think that we can consider bitcoin as a fad, it is not something that after you bought you can't trade anymore. Tamagotchi can't be used to buy anything 20 years ago. If you buy bitcoin today you can use it to purchase something. It is a currency.

The boss of Goldman Sachs became the latest high-profile critic of bitcoin, claiming it is a vehicle to commit fraud as the value of the cryptocurrency plunged 20% in less than 24 hours.

Lloyd Blankfein, chief executive of the US investment bank, said: “Something that moves 20% [overnight] does not feel like a currency. It is a vehicle to perpetrate fraud.”

His comments came during another wildly volatile trading session for the digital currency, which plunged by over $2,000 in a 24-hour period. Having topped $11,000 to a reach new record high of $11,395 on Wednesday, it fell to a low of $9,000 on Thursday, before picking up slightly later in the day.

Blankfein said Goldman did not need to have a bitcoin strategy, adding the digital currency would need to be a lot less volatile and a lot more liquid to justify closer attention.

“When do I have to have a bitcoin strategy? Not today. Life must be really rosy if that is what we are talking about,” he said. “Bitcoin is not for me. A lot of things that have not been for me in the past 20 years have worked out, but I am not guessing that this will work out.”


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These people are really against bitcoin, and are only giving negative feedbacks about it everytime. I wonder how many bitcoin do they really own.,

"LONDON (Reuters) - Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. BTC=BTSP."


The cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000 exactly, marking a fall of well over $2,000 in under 24 hours. It then edged back up to trade at around $9,400 in the hour that followed, still down roughly 4 percent on the day. (Graphic: Bitcoin searches exceeds that of Trump - reut.rs/2zSavA6)

One market-watcher attributed the fall to outages in bitcoin exchanges and the heavy price surge of recent times.

“Naturally a few of the early bitcoin traders are taking some profits off the table,” said Charles Hayter, founder of CryptoCompare.com.

“Volatility is in the market at the moment and that means both positive and negative moves.”

The latest fall has tempered an astronomical rise for the cryptocurrency in recent months - bitcoin was up almost 1,100 percent year-to-date on Wednesday. As of 1500 GMT on Thursday, it was still up around 880 percent.



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They should also realize that bitcoin gained the same amount in less than 24 hours. No one should panic about it since bitcoin just returned where it came from  almost the same price before it crossed the $10,000 barrier.