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Trending: Bitcoin Caps $15 000

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December 8, 2017 | 

Joanna Newman |  0 Comments| 

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This thursday December 7, 2017, Bitcoin breached the 15 000$ mark or roughly 12 700 € Euro. This is a new record for crypt-currency and despite the skeptics, it continues to rise and surpass any of its competitors.

All the warnings about the possible crash of this currency has not managed to deter the public’s attention or potential investors. We can even say that the alarm signs and analysists has had to opposite effect and caused Bitcoin to continue to trend upwards. Many people have now set their eyes on this new currency and are drawn in by its possible gains and a fear of missing out on a golden opportunity.

Yesterday morning of December 6th, at about 6 o’clock France time, crypto-currency was trading at about 4.48% and was worth somewhere around $12 200.40 on the Luxembourg BitStamp market. Only a few seconds later, Bitcoin had increased substantially to about $12 276 or about 10 383Euro.

Even better, on another trading platform, Bitfinex, Bitcoin made its way all the way up to $12 467. The biggest type of crypto-currency seems to have exploded overnight despite the warnings from regulators and skeptical financial giants. In effect, since the beginning of the year, Bitcoin has multiplied by more than 12 times its original value.

The Boost of The First Contracts.

Only 6 days after Bitcoin reached a value of $10 000, decisions were made by the US regulators of derivative markets. The authorities proposed that major players like CBOE Global Markets and CME Group will be allowed to draft contracts based on Bitcoin, although they would be imposed with much stricter controls than before. This new authorization reinforces the security of Bitcoin and opens to the doors for it to become a more well-known and used asset.

Scary Bitcoin

The fact that this currency was valued at less than a tenth of its current value at the beginning of the year should not be cause for concern for anyone other than financial authorities.

The Bank of France, for example, reminded investors that crypto-currencies are not as regulated as other national standard investments and that this is just like any other asset with inherent risks. It is always important to invest with caution and always do your research first.

The Bank of China took a more radical stance on the subject and decided to ban all Bitcoin transactions in their territories.

While it is true that a financial asset that sky-rockets in such a short period of time could be cause for concern. No matter what the asset is, its magnitude on a return will always be directly correlated to the risk involved.

Sometimes, you must risk it to get the biscuit!

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