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Bitcoin is surging into Boxing Day - Printable Version +- Forums (http://contripeople.com) +-- Forum: Retired Forums (http://contripeople.com/forumdisplay.php?fid=78) +--- Forum: Retired Forums. Please Make Your Post Within The 3 Forums In General Discussion (http://contripeople.com/forumdisplay.php?fid=49) +---- Forum: Business/Investment (http://contripeople.com/forumdisplay.php?fid=13) +---- Thread: Bitcoin is surging into Boxing Day (/showthread.php?tid=2007)

Bitcoin is surging into Boxing Day - Edoman - 12-26-2017 Markets Insider A bitcoin was worth $15,338 at 8.20 a.m. GMT on Boxing Day. The cryptocurrency is up more than 10%, recouping losses from the previous day. Its value has fallen sharply over the past week, and has been declining more modestly since. The price of bitcoin surged more than 10% on Boxing Day to $15,338, as the volatile cryptocurrency recouped losses from the previous day, according to data from Markets Insider. The cryptocurrency had lost almost 2% of its value on Christmas day. The movement was a modest lost after much sharper gains earlier in the week, when bitcoin plummeted from an all-time high of $19,843. A bitcoin bought on January 1, 2017 has increased in value more than twelve-fold, despite the late December drop. Here's the chart for Boxing Day morning: Markets Insider The currency is difficult to value with any objective criteria, and traditional investors remain very wary of it. Business Insider highlighted a note from investment analysts at Morgan Stanley, which suggested that bitcoin may soon have a practical value of nothing.  Analyst James Faucette highlighted the tiny number, and declining, number of retailers prepared to exchange bitcoin for actual goods, which could spell a rocky future. Faucette said bitcoin is not like a currency, it's not like gold, and it has had difficulty scaling. http://www.businessinsider.com/bitcoin-price-value-surging-boxing-day-2017-12?IR=