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Bitcoin jumps another 10 percent in 24 hours to pass $19,000
Bitcoin's price set a new record on Saturday as the virtual currency rose above $19,000 for the first time on the Bitstamp exchange. The gains came just hours after the currency crossed the $18,000 mark. Bitcoin's value has doubled over the last three weeks, and it's up more than 20-fold over the last year.
Bitcoin's value keeps rising despite a growing chorus of experts who say the currency value is an unsustainable bubble. One CNBC survey this week found that 80 percent of Wall Street economists and market strategists saw bitcoin's rise as a bubble, compared to just two percent who said the currency's value was justified. Another survey reported by The Wall Street Journal this week found that 51 out of 53 economists surveyed thought bitcoin's price was an unsustainable bubble.
We recently asked two experts on the history of bubbles about bitcoin, and both saw echoes of earlier bubbles in the current bitcoin boom.
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I hope you guys have a great weekend cuz Bitcoin has cemented its glory year by hitting $20,000 barely a month after achieving five figures for the first time. After several weeks of considerable volatility, mixing rapid growth with sudden declines, momentum finally boosted Bitcoin to its new historic high.
Markets reacted to rising prices with a snowball effect, triggering mass consumer interest in both buying and trading the virtual currency. Over the last few weeks, the Coinbase app has been at the top of Apple’s “most downloaded apps” several times.
Bitcoin has grown by 1,950 percent in 2017, having started the year at the comparatively tiny $974.
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LOL! What would you do with 200Million dollars? Comment ⬇️ 🤑💰
1 212 hours ago
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Bitcoin Veio para Ficar, Diz Executivo do Deutsche Bank.
Com o bitcoin continuando a aumentar de valor, os executivos do Deutsche Bank estão de acordo quando afirmam que a moeda digital não vai a qualquer lugar em breve.
Peter Hooper, economista do maior banco da Alemanha, o Deutsche Bank, disse a Bloomberg que a moeda digital estava aqui para ficar, acrescentando:
“Toda a idéia tem um potencial futuro, mas pode ser melhor desenhado. Em última análise, teremos que encontrar uma maneira de acomodar e regulamentar para evitar os problemas.”
Hooper acredita que a criptomoeda detém um grande potencial e que isso será mais realizado à medida que mais pessoas invistam nela. Por exemplo, um potencial é o seu uso no envio de dinheiro para o exterior sem incorrer em taxas elevadas.
A guide to paying taxes on bitcoin investments
Making money on bitcoin, ethereum, and scores of other cryptoassets has been remarkably easy this year. But in the US, paying taxes on those gains could be a lot more complicated. Transactions that are routine to experienced crypto enthusiasts—like hard forks, or swapping between coins at the tap of a button—are fiendishly complicated when it comes to reporting to the Internal Revenue Service.
And make no mistake: the agency is determined to make sure people pay what they owe. Over the course of bitcoin’s booms and busts, the IRS has noticed that tax returns aren’t lining up with the manic popularity of the cryptocurrency, according to Tech Crunch. Last month, a federal judge in San Francisco ruled that digital-asset exchange Coinbase must give the IRS information about users who made more than $20,000 in annual transactions in recent years.
Let's talk about Verge (XVG) ----------------------------------------------------
ℹ️Verge is a privacy coin, based on open-source development
🔝Provides anonymous, ultra fast micro transactions and has a great community
🥊competes against coins like monero, zcash and pivx
📰 Verge is at an all time high - it got a lot of buzz due to recent tweets from John McAfee ----------------------------------------------------
🤔It has a lot of room to grow in the middle - to long term future and could continue it's bullish run - as more and more people take notice and want to jump on the train.
👉 It all depends on whether the team behind verge can deliver a growing product which legitimizes further growth
🚀If so Verge could actually be heading to the moon 📎You can buy Verge on binance - our affiliate link is in the comments✌️
3 232 hours ago
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It is no secret now that Bitcoin had a huge surge in price last week. This news has split the experts, with some investors being left really excited about the news, and others feeling incredibly nervous and unsure what this means for the future of Bitcoins. According to a report in Bloomberg Businessweek, about 1,000 people own about forty percent of the world’s total Bitcoin, which equals out to approximately $105.6million per person. This obviously does not represent the average investor, but what is worrying is that these 1,000 people can significantly influence and decide the future of the average Bitcoin investor.
Thomas Carper, a Senior United States Senator said; “Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us”. Investor Warren Buffett suggest that they have no fundamental value and once said back in 2014, that Bitcoin is a mirage and investors should avoid it. He said; “It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A cheque is a way of transmitting money too. Are cheques worth a whole lot of money just because they can transmit money? The idea that it has some huge intrinsic value is just a joke in my view.” Earlier this year, he backed up his previous statement, saying; “You can’t value Bitcoin because it is not a value-producing asset”. Finally, Jim Rogers, a renowned investor has also stayed away from cryptocurrencies on the whole; however, he did say; “I wish I was smart enough to buy cryptocurrencies…it looks bubblish when you see the kind of price we see in Bitcoins…I certainly don’t know which one will come out on top, or if anyone comes out on top. But, I don’t own any.”. #bitcoin#bitcoins#blockchain#блокчейн#Биткойн#криптавалюта#ФинТех#bitcoinasia#bitcoinnews#bitcointechnology#bitcointraiding#bitcoinguru#bitcoinprice#bitcoinbillionare#bitcoinmining#bitcoinexchange#altcoin#ethereum#money#cash#fintech#crypto#cryptoworld#cryptocurrency#cryptocurrencies#forex#forextrading#passiveincome#forexmarket#wallstreet