Bitcoin has advanced $1,000 higher in what is becoming an almost daily occurrence for the virtual currency.
Wide spreads on exchanges due to volatility accompanying wild upticks means many exchanges are trading $500 or more below Coinmarketcap’s rating.
As an example, currently the difference in the price of one BTC on Bitfinex and Coinbase is over $1,000 at $14,250 and $15,400 respectively.
New all-time highs now come and go in the blink of an eye as Bitcoin adds $1,000 of value every day, beating even more optimistic short-term forecasts from the likes of Max Keiser.
Not just USD, but other currencies are also seeing milestones, such as Russia’s ruble today, now trading at 1,000,000:1 versus BTC.
New price predictions are now hard to form, with regular commentators instead advising new investors to educate themselves on cryptocurrency or simply plumping for memes.
For anyone who is newly interested in #Bitcoin, instead of going and blindly buying it, go instead and learn. Watch a couple docs. Read a book or 20 articles. The price is fun, but what really matters is why it exists at all, and the consequences to society now that it does.
— Erik Voorhees (@ErikVoorhees) December 7, 2017
— WhalePanda (@WhalePanda) December 7, 2017
Meanwhile, across altcoins markets assets have taken significant losses as Bitcoin outstrips their growth, even losing USD value as money pours into BTC.
Article courtesy of CoinTelegraph