Hope is Priceless: Why Bitcoin’s $1000 Value Matters
The end of 2016 and the beginning of 2017 was a cause for celebration for Bitcoin users. In January the price went as far as $1,161 surpassing the highs seen in 2013. The euphoria in the Bitcoin community is obvious. However, does this level of $1000 matter? Does the price of Bitcoin itself have any relevance in the grand scheme of things? Is the rising value of Bitcoin something that can be assigned labels of good or bad? Recently Jamie Condliffe published an article titled “Why Bitcoin’s $1000 Value Doesn’t Matter?” in the MIT Technology Review. Well, frankly it is time we asked some....
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Bitcoin price has scaled beyond the $1000 for the second time in 2017 and the first time in four weeks. The end of 2016 saw the cryptocurrency flirting with $1000 before scaling the mark come the new year. The Bitstamp Price Index (BPI) reveals bitcoin scaling the $1000 milestone at 16:30 (UTC) on Thursday and despite a brief dip shortly after, bitcoin was trading to the dollar at $1010 at the end of day. Momentum stuck through the early hours of Friday as price swelled further to register a high of $1022.6 at 06:30. Prices fell below the threshold again toward $998 before recovering near....
It should no longer be a surprise that the price of Bitcoin hit $1000 this week on Japanese exchange Mt. Gox, but now, another exchange has creeped up to the $1000 mark. That's Bitstamp, of course. The exchange, which has always trailed a ways behind Mt. Gox (except for recently when the price between Mt. Gox and Bitstamp were nearly equal) is now in the 4 digits - which really reinforces just how valuable Bitcoin has become. The question is: will the $1000+ price keep it up?
The implosion of the world economy continues in the aftermath of 2016 and so does the upward climb of Bitcoin. Cashing on the previous year’s upward momentum, Bitcoin has already managed to hit $1000 mark, one day into the new year. As the repercussions of the events of 2016 will be felt this year and in the future, it is not incorrect to predict bitcoin’s continued importance. The events like Brexit, Chinese Yuan devaluation etc were landmark because they were symptomatic of the general malaise in the world economy. The implosion of the world economy continues in the aftermath of 2016 and....
Shiba Inu’s latest rally has taken the coin to a profit of 1000% over the last month. Here’s how much money you would have made if you had invested $1000 during different points in SHIB’s history. Shiba Inu Is Up 1000% In The Last Thirty Days The entire crypto market has been rallying up this past month and many coins, including Bitcoin and Ethereum, have set new all-time highs (ATHs). But the most impressive of all has to be Shiba Inu’s rally that has taken the coin up 1000% over the last thirty days alone. The DOGE clone’s gains have been the talk around the....
Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long term HODLers in the process.