This week has been a rollercoaster ride for Bitcoin – and could signal an equally unpredictable future.
What happened this week? The eight-year-old cryptocurrency has pulled in droves of investors in recent months. But this week it hit record-breaking highs, soaring over $10,000 (£7,493) in value. At the start of 2017 a Bitcoin was worth just $1,000. And yet within 24 hours of hitting the benchmark it had climbed past $11,000 before losing nearly 20% of its value, to just barely $9,000. This rollercoaster ride, and resulting headlines, prompted the Bank of England to warn “investors should do their homework” on Bitcoin: some say the currency is peaking and based on nothing but a speculative bubble, while others feel it could have further to rise. “This week is no different,” says David Yermack, professor of finance and business transformation at New York University. “Bitcoin has always been very volatile. Anybody who invests should have a large amount of risk tolerance.” http://www.bbc.com/capital/story/20171201-the-wild-week-of-bitcoin
Jack Ma answered he don't know not because is too hard to understand. He is not in position to speak about all the dirty koney behind bitcoin frenzy. Better to say don't know.
No ine dare to say as loud as u are ... Whenever there is a powerful tools to form into the society with permanently in the society , it need to share the resources from it's mother(society) body then it can split and grow and made the society need it.
It is robe no is sucking the resources as fast as it can befire it spread. Its from the upper level of the society. Once it is able to existed legitimately,the lower level society will rely on it. That's why billionaires so excited about Bitcoin, and it benefit them instantly in the meantime it exist everywhere. Eventually, there will be only providers & buyers .
YES ! I KNOW NOTHING ON BITCOIN, BUT, ACTING TO KNOW IT .kikiki
Bitcoin, too risk to trade. The logic behind is unknown, how it goes up and down. Demand vs Supply? Speculating only? I don't know too but I believe it will be next "Lehman Brothers" alike consequences in 2020.
bitcoin is alternative for corruption activities. It bypasses governmental and national scrutiny.
And guess what, bitcoin founders insist that the supply is limited, but what they do? They do 'mining' on a daily basis. And the dreamed (yes I saw how they talked about bitcoin as investment) with eyes big big saying that in future, as bitcoin demand grows, their coins value will go up and up~
talk about fundamental. zero. Its value is derived from currencies. It is just another derivative.
Remove the trust from bitcoin (with repeated hack news permeating the sites nowadays), no one can guarantee that one day blockchain is all but sham.
Ok la. Alex humble a bit. I don't know about bitcoin
The great value in bitcoins is its blockchain methodlogy. It can be adopted by any body.In time to come , the world finacial instituition have no choice but to accept blockchain technology.Singapore govt had already exploring this.If blockchain technology is widely used , tell me what so special about bitcoins then ?
I don't know anything about Bitcoin, all I know is no government in the world would like to lose the power of controlling money. Just human nature.
Imagine, 1 guy ask US/CHINA govt f...off, he don't need to use their currency to trade, he have another medium of exchange that works exactly the same as the big brother, and the best of it, Big brother can't do anything with it.
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爱丽丝 梦幻世界
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Posted by 爱丽丝 梦幻世界 > 2017-12-02 15:55 | Report Abuse
i don't know about bitcoin