Bitcoin hits $8000 on Monday, now up more than 700% in 2017

[bitcoinveda]

Sydney — Bitcoin topped $8,000 for the first time, as investors set aside technology concerns that had derailed its advance earlier in November. Bitcoin rose 4% to $8,015.67 as at 7.47am in London on Monday, paring a rally of as much as 5.2% during Asian hours.

It is now up more than 700% in 2017 after shrugging off a tumble earlier in November. It has been a tumultuous year for the largest cryptocurrency, with three separate slumps of more than 25% all giving way to subsequent rallies.

The digital currency is gaining the acceptance of professional investors, with CME Group, the world’s biggest exchange, poised to start offering futures trading on bitcoin in December. Recent volatility has also stemmed from a pick-up in people switching to alternative virtual currencies, notably bitcoin cash.

New cryptocurrency iterations are springing up as disagreements over bitcoin’s design persist and opportunities for making a quick buck prove hard to pass up.

https://www.businesslive.co.za/bd/markets/2017-11-20-bitcoin-hits-8000-on-monday-now-up-more-than-700-in-2017/

[bitfocus]

BTC slaps it's again! This is why I am crazy about BTC. A lot of people were nagging "BTC gonna die" "BTC is the looser" "BTC Won't recover" last week, wanna see those faces.

[wantjokull]

Yes, loved the statement “professional are accepting the digital currency” and the financial entities will also seek the digitalisation now onwards. After all these people are just their to take the profits and when it comes to an end where something is unstoppable then there are only two things one can do, the first accept it and the second one is accept it badly!

Slowly the digital currency will invade into the mind of everyone and there will be no choice but to accept the virtual reality and get involved with it for one selves goodness and profits off course. I think the prices are risen so much now that it would be awful to neglect the bitcoin development and impose any illegal action on to it.

[DU18]

Yah, congratulations to bitcoin and its community.I am totally not surprised because bitcoin price was increasing from the beginning of this year.And it's really good for because I already stored 2BTC when it's price was 6000$ at last month.

And I think it's not ever yet bitcoin price will go on to $10000 in January of 2018.Experts are predicting that 2018 will be a huge gross of bitcoin.So it's really a good opportunity for all of us to invest on bitcoin and became rich.

[rommelzkie]

This is good for holders however we might encounter price correction at anytime. It might be this year or next year and if that happens too many people will say sky is falling and bitcoin is a scam