[2017-12-19] Bitcoin Exceeds 20,000 CME launches Bitcoin Futures

[DowBit]

Bitcoin’s value does not stop growing! Less than a month ago, the cryptocurrency broke the long-awaited $10,000 limit, and today we are celebrating $20,000!

The previous week was very peaceful for Bitcoin. While altcoin investors celebrated huge gains, BTC hovered around the $17,000 border, but at the beginning of the weekend the “king” woke up. Over the last two days, the biggest cryptocurrency has grown in value to nearly $2,500. Bitcoin started at $17,500, ending on Sunday with a new ATH at a level of $20,035! Currently, BTC is valued at $18,905, according to Coinmarketcap.

More: https://dowbit.com/bitcoin-value-cme-launch-futures/

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[BitHodler]

What's left for people to focus on right now with 2 large future markets on board already? Nasdaq and the activation of lightning network. The first mentioned will be something we will get on board next year for sure.

Lightning network activation however remains a question mark. Initial testing seems to be going smoothly, but that doesn't mean anything in the way that we know when we will finally be able to use it as end user.

I wouldn't really be surprised to see Bitcoin at this point make some room for altcoins to get some shine in the spotlights. Money moves there where people think it gains more, and that will likely be the altcoins.

[bitcoinisbest]

Bitcoin is really rising and moving towards the moon. Though from few hours he price has started to falls fb reached near 18100$ this started to cause little panic for the investors to think . But if considered the futures it should rise back in coming days as futures at 20k.

Even some of the altcoins have started to rise with this rise of Btc .

[richardsNY]

I wouldn't really be surprised to see Bitcoin at this point make some room for altcoins to get some shine in the spotlights. Money moves there where people think it gains more, and that will likely be the altcoins.

It's mainly because we're basically in the same situation as when we were about to reach $10k for the first time. It makes traders uncomfortable knowing that the $10 or $20k levels might turn out to trigger a massive sell-off. If we don't eat through that $20k level, you're indeed right, altcoins will take over the show for whatever period of time. Now Bitcoin is going down, it's clear that people are already starting to move to the altcoin market. The coming days will tell what things will exactly look like, but one thing is however sure, Bitcoin really needs that correction at this point. It just isn't healthy to go up that much in one straight line.

[CryptoBry]

Bitcoin has been rising for many reasons and this is despite the many challenges being experienced right now like the problem on scalability resulting into astronomical transaction fees which kinda sad and laughable because Bitcoin is not made that way. Despite all of the problems, Bitcoin is on the go because there is really a big speculative demand against its known limited supply. Will Bitcoin be a big bubble? Only time can really tell but I am oping it is not since Bitcoin has its own mechanism to protect itself from bursting.