What caused bitcoin to rise
3 Aug 2017 Due to extreme interest, Bitcoin's price could rise to very high level before a recession. If its value was too high, investors might view Bitcoin as part of the risky, overvalued asset pool. This might cause investors to sell Bitcoin positions along with traditional asset classes. Degree of likelihood: Neutral, 2 May 2017 The Surprising Reasons For Bitcoin's Rising Price. In the eight years since its founding, Bitcoin has braved skepticism, rejection, and experienced volatility, to the present day, when it's slowly being recognized by governments and even dubbed as an emerging asset class. bitcoin compound interest calculator 7 Jan 2016 Initially bitcoin saw wild swings in price, rocketing from under $100 to well over $1000 in around 4 months before more than halving in two weeks. There is still uncertainty as to what caused that “bubblette” and it is likely that we will never truly know. It has always looked to me like a "Bunker Hunt" kind of 6 Jan 2017 Analysts believe that there are a number of factors that could have caused the rise in bitcoin prices. Radoslav Albrecht, who is the founder and CEO of Bitbond, a peer-to-peer lending platform for bitcoin users, said that countries such as China and Venezula had caused the sudden surge in price. "There are segwit hard fork bitcoin 1 day ago An independent study by Autonomous Research (AR) showed that hackers stole an estimated $1.2 billion in Bitcoin and Ether in less than ten years. Lex Sokolin, fintech strategy director at. AR, said the estimate did not factor in the rise in cryptocurrency values during the explosive growth in late 2017. bitcoin in simple english Jun 22, 2017 The cryptocurrency Bitcoin has attracted widespread interest, in large part due to wild swings in its valuation. This column considers an earlier rise in the Bitcoin price to investigate what is driving the currency's price spikes. The 2013 rise was caused by fraudulent trades taking place at the largest Bitcoin Bitcoin's value has shot up 1,000% this year | Daily Mail Online
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Oct 6, 2017 China and Bitcoin: The Rise and Fall China made its first step towards regulating Bitcoin after New Year's of 2016 when it banned no-fee trading. Before that, the Now they are trying to untangle the headphones-in-the-pocket situation caused by all the Bitcoin trading, using brute force. The stress to 7 Dec 2017 So how does the virtual digital currency work -- and what's behind its spectacular rise? Related: Bitcoin pops above $17,000 for the first time. WHAT IS BITCOIN? Bitcoin (XBT) was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Many of its backers saw it as a simple global what is bitcoin private key 10 Jan 2018 Bitcoin may have started the cryptocurrency party, but it's all the uninvited guests that are having the most fun now. Throughout 2017, Bitcoin dominated Even by crypto-standards where wild price swings can occur without warning or reason, this is a shocking price increase. In just a matter of weeks, bitcoin atm richmond bc Such a crime occurred in 2010, when individuals found a weakness in the Bitcoin system, causing 184 billion Bitcoins to be generated. 25 Jul 2015 The . I'm so happy to see the price rise, and I think a big part of theBytecoins are gradually getting more expensive over time, since the emission is limited to 184. Processing 10 Jan 2018 Governments generally increase the money supply every year, which is one of the key reasons for inflation and the gradual devaluation of currencies. What's more, the number of bitcoins created after each mined block is gradually decreasing. Approximately every four years, the number of bitcoins bitcoin mining dead 19 Sep 2017 Bitcoin, the No. 1 cryptocurrency, has drawn outsize attention over its parabolic rise—and the recent, brutal plunge it has been enduring in recent trade. Read: Why bitcoin may be worth only a third of its value. Some market participants, however, make the case that despite its roughly 260% year-to-date rise
Dec 16, 2017 TO YOUR average punter, much of Bitcoin remains somewhat of a mystery. Even its creator who goes by the pseudonym Satoshi Nakamoto — who is believed to still hold billions of dollars worth of the currency — is not known to the public.8 Dec 2017 When CME Group went live with Bitcoin futures we saw a sharp increase in demand and an increased number of users in the network,” said Matthew Unger, CEO and Founder of iComplyICO. “Now, some institutional major players are flooding the network with new cash and creating what appears to be mining bitcoin with gpu 2017 12 Jun 2017 A new product launch is partly to explain for ether's current rising price: On Monday morning, a new blockchain project called Bancor conducted an The fact that it's so much easier for programmers to work with is one reason why Ethereum could surpass bitcoin in value, possibly as early as next year. popular bitcoin game 22 May 2017 The first thing that Bitcoin will have to do to continue its rise is to become more stable. The reason Bitcoin is so successful is also the reason it could fail. It has the ability to swing and shift extremely quickly: we need only look at when it dropped 15% in a matter of minutes in response to the Winklevoss Twin's Ripple price is trading in a tiny range against the US Dollar and Bitcoin. . As with any sudden reversal in value, there's The unprecedented rise of Bitcoin is creating a ripple effect in the cryptocurrency world. . Sep 03, 2017 · Ripple prices today are climbing more than 6% after a short-term sell-off was caused by China. bitcoin transfer to offline wallet May 22, 2017 There have been plenty of skeptics about bitcoin during its popular but volatile rise, from former Federal Reserve Chairman Ben Bernanke to J.P. Morgan Companies and governments are embracing the currency for several reasons: It's easy to transfer overseas without high surcharges; it offers simple,
Hands up – who cashed in on the overnight Bitcoin explosion? If you did, I So what caused Bitcoin's recent explosion? In the last few days, explanations have included a rise in demand from China, an upcoming auction by US Marshalls of seized Bitcoin, and the influence of a a convicted Ponzi schemer's latest gambit.BTC - Bitcoin - Trading Discussion - Safe Exchange Forum etoro review bitcoin 29 Aug 2016 The precipitous rise of Monero has cause many users and traders to ask: what's behind the surge of the self-proclaimed “untraceable” XMR token? buy house using bitcoin ans bitcoin bitcoin cash bitcoin future bitconnect bitconnect deposit bitconnect loan Blockchain bouse bouse crypto bouseflix BTC cryotobouse crypto crypto bouse cryptocurrency crypto news cryptosomniac eth eth connect ethconnect ethereum eth loaning hextracoin hextragold how to start with crypto hxt ico litecoin loan How much bitcoin will rise bitcoin asx 3 Jan 2017 The cryptocurrency has reached a three-year high, but it's no cause for celebration. The Register notes that the recent rise of Bitcoin may be attributed to the removal of high-value bank notes in India and Venezuela, but perhaps more significantly to the steady devaluation of the Chinese yuan. As the New
The rapid rise in the price of Bitcoin has caused an increase in 19 Dec 2017 Rest assured this number will rise a bit as a few people will panic sell before things level out again. The Bitcoin price will either continue to bleed very slowly or enter sideways trading motion for the rest of the year. There is zero reason to expect a Bitcoin price of US$20,000 before the year is over, even where to buy bitcoin atm 1 hour ago how to acquire Bitcoin for free; Bitcoin cloud mining australia; why are amd cards better for Bitcoin mining; Bitcoin generator v5.1.0 activation key; xfx Bitcoin mining; nvidia geforce gts 450 Bitcoin mining; Bitcoin miner for win7; easy to use Bitcoin mining software; earn Bitcoin mobile; gagner des Bitcoin bitcoin gold ledger nano 5 days ago BITCOIN mania has spread like wildfire as its massive rises and falls make headlines around the world - but it is not the only cryptocurrency making waves. Digital investors have long been aware of Litecoin - the second largest digital currency which launched in 2011 and appears to be nearly identical to 10 hours ago Many people believe that one of the reasons for the rise of crypto coins is nefarious users. The ways these coins work makes them perfect for money laundering, drug money and the funding of terrorism. So ultimately new legislation aims to end the anonymity of wallet addresses and make exchanges, and bitcoin cash wallet mac Oct 14, 2017 What triggered Bitcoin's meteoric rise up the cryptocurrency ladder and what it means for logistics To understand the way Bitcoin's market works, we would have to understand the macroeconomics behind it and the reason why traditional banking institutions are squeamish to the technology that drives it.
Due to the Due to the increasing rise of hard forks it is not possible for LiteBit to add all these new cryptocurrencies, because of multiple reasons: LiteBit will always try to give the customer the created extra value as result of a hard fork. Bitcoin Cash will likely be worth less. Among these we can mention Bitcoin Gold and 4 days ago The value of bitcoin plunged last week, amid concerns that trading was going to be banned in South Korea. Its rise has also led to increasing amounts of interest in other digital currencies, such as ethereum, litecoin and Ripple XRP, and more and more people are now looking to invest in digital bitcoin international remittance 19 Oct 2017 UPDATE DECEMBER: One reason it is less pronounced with other alts is that a few alts will be “pumped” (for valid and less-than-valid reasons on a given day), alts that are pumped tend to break the trend. They will usually resume following BTC within 24 – 48 hours after the volume increase dies down. bitcoin client linux The Bitcoin phenomenon really hit the headlines in 2013 when the value of bitcoins rose from a steady $20 per coin to $266 in just a few months, only to crash to $100 by the end of April 2013. What caused this? The general consensus is the financial crisis in Cyprus. In March 2013, Cyprus'sgovernment needed a bailout 20 Dec 2017 Exchanges tell Inverse that if the Winklevoss twins ever tried to pull their $1 billion in bitcoin out of the system, just the act of setting up a sell order for several million dollars would cause a sharp decline in the market. Even OTC orders, which involve lawyers and brokers and can rise to a value of $20 million bitcoin can be traced 20 Dec 2017 The value of bitcoin has fallen sharply, dropping by almost $2000 in the early hours of this morning. While the cryptocurrency is now on an upward curve, its sudden slide spread concern amongst investors, who fear they may lose money as a result.
Could the recent bitcoin price rise have been caused by the TV series 'StartUp'? last year. tkembo 51 in bitcoin. I've just finished watching the first episode of StartUp. So far, it's the best TV series I've watched since S06E10 of Game of Thrones. If you haven't watched it yet, check out the trailer: Using the Coindesk BPI, 24 Jul 2017 Therefore, when dissecting bitcoin's 740% rise in the past two years, it's important to take into account both the irrational driving forces and tangible progress being made on multiple fronts. Here are three reasons bitcoin has rocketed higher in the the past two years. A chart showing growth and gains. satoshi vs bitcoin The Rise, and Fall, and Rise of Bitcoin - Central Technology Solutions what can i buy with bitcoins in india Bitcoin's Rise Solidifies the Intersection of Cannabis and Cryptocurrency NEW YORK, December 6, 2017 /PRNewswire/ – As bitcoin's price continues its meteoric Home Tech The rise of the crypto accelerators. Litecoin's Meteoric Rise — Reasons Behind It – Medium View Reddit by teh0wnah – View Source. Rise of Bitcoin 17 Nov 2017 Bitcoin hasn't found its killer app, but that might not matter. Over and over again, Bitcoin's value has seen spectacular plunges only to recover the lost ground and rise to new heights. Bitcoin has seen at least But even if Bitcoin never finds its killer app, that won't necessarily cause Bitcoin's value to fall. buy bitcoin now with credit card 9 Dec 2017 Wall Street, big banks, other institutional investors, and all the rest, will now be able to gamble on price rises and falls of an asset like no other, bitcoin. It correlates with So let us know in the poll below whether you think bitcoin will considerably rise or fall tomorrow. Will Bitcoin Futures Cause a Price:.
3 days ago I have reason to believe that once Bitcoin prices start rising again, this trend line will be tested. This trend line currently resides at $7,000 and due to its upward-sloping nature, I could easily suggest that once another advance begins, the BCH future price will sure get north of this price point. From current Jun 28, 2017 Ethereum rose by 4000% within 4 months time. Bitcoin peaked on June 11th 2017 at USD 3,018.54. ICOs and Token Generators raised unbelievable high amounts of investments within hours upon initial offering. As an example we could identify 5 key reasons behind this bitcoin price rise in the first half of best bitcoin wallet for iphone 2016 10 Ways to Buy Bitcoin with Credit Card or Debit Instantly - 100 th s official bitcoin mining software Bitcoin and the rise of State Cryptocurrencies - CryptobibleOct 6, 2017 That seems like When the price of a commodity or a stock rises, you can usually point to some sort of reason. Rising prices are good news for people who have already invested in bitcoin, but 17 Jan 2017 Global aluminum demand is more robust than most expected. Cocaine in Anyone in Dublin would see bitcoin golld Dec 8, 2017 Bitcoin had a wild week. Bitcoin again broke its record, rising above $19,000, before falling more than 20 percent to about $15,000. Coinbase, one of the most intuitive digital cryptocurrency in the first week of November. The influx of new users, though, caused some issues with functions such as logins.
Ethereum concerns30 Nov 2017 The initial price of bitcoin, set in 2010, was less than 1 cent. Now it's crossed $16000. Once seen as the province of nerds, libertarians and drug dealers, bitcoin today is drawing millions of dollars from hedge funds. The recent price surge may be a bubble. Or it could be a belated recognition by the broader bitcoin crash game 1 Nov 2017 - 18 min - Uploaded by Crypto InvestorBitcoin continues to rise in the face of all challenges: Contentious hard forks, government bitcoin algo trading 18 Jan 2018 Taken together, these events may simply act as another reminder of the “volatility” of the cryptocurrency market, which saw bitcoin rise to a peak of This global movement toward harsher regulation has been cited as a major cause of the exodus of value that has gripped cryptocurrencies in the past week.20 Oct 2017 Bitcoin's Price is Speculative. Underlying all other reasons for dips and spikes is the fact that Bitcoin's price Is purely speculative. Bitcoin Is only ever worth what other people are willing to pay for it. This same principle holds true for most investments. It's true for stocks and shares In companies and It's also bitcoin tracking software 28 Nov 2017 As for what has caused Bitcoin's sharp rally this year, analysts cited several key factors, including rising interest in cryptocurrencies. There is "no question" that these digital assets are experiencing growing interest, especially on the part of finance professionals and funds. More and more people are coming
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"Without this scam Bitcoin price would collapse by 80%." A little-known token may be fueling Bitcoin's rise. Critics say it's a scam. 2018-01-30T02:30:00+0000. So what exactly is driving . Investigators still don't know what caused the vehicle to suddenly catch on fire. Quincy Police cruiser unexpectedly catches on fire."Suspicious trades on a Bitcoin currency exchange are linked to rises in the exchange rate," they note in the paper highlights. Gox . Reddit posted a theory shortly after Mt. If, in other words, bitcoin's price really was in a bubble, and the bubble popped – whatever the reason (hack, state crack-down, market manipulation). spencer bogart bitcoin 29 Dec 2017 As my colleague Dan Caplinger recently wrote, the Bitcoin Investment Trust trades for roughly 35% more than the value of the bitcoins it owns. To be fair, there's a reason for the premium: convenience. Many investors who want to get involved with bitcoin don't have the time, knowledge, or desire to by bitcoin login uk Buy The Rise and Rise of Bitcoin: Read 672 Movies & TV Reviews - Amazon. how much bitcoin will rise com provides 5 reasons why the Bitcoin price will continue to rise in 2016. December 18, 2017. " For now, that belief is acting like rocket fuel and sending Bitcoin's value into the stratosphere. The block reward is halved 12 Dec 2017 Gold and bitcoin have both been viewed as safe havens for capital during periods of uncertainty for asset values. GDX price for the last three months. Source: As bitcoin's price has soared, some analysts think investors are favoring bitcoin as an investment, causing gold to lose value. direct bitcoin Will bitcoin continue to rise 2017
22 Jun 2017 The cryptocurrency Bitcoin has attracted widespread interest, in large part due to wild swings in its valuation. This column considers an earlier rise in the Bitcoin price to investigate what is driving the currency's price spikes. The 2013 rise was caused by fraudulent trades taking place at the largest Bitcoin 6 Dec 2013 Each new rise in price and each new industry that accepts Bitcoin as legitimate causes Bitcoin users to erupt in fanfare, and for good reason: many are getting rich capitalizing on crypto-currency mania while the rest of us are snoozing. Take Kristoffer Koch, for example. The Norwegian man forgot about the bitcoin chain download 3 Dec 2017 The bitcoin value has soared recently and continues to rise as more and more people invest in the currency. NPR's Michel Martin asks business writer Roben Farzad what's behind the sudden skyrocketing value. how to get bitcoin instantly Oct 12, 2017 Bitcoin, the grandfather of the cryptocurrency market, continues to rise to unprecedented highs. When Ethereum's value rose to triple digits, people started buying up GPUs by the truckload, which caused a worldwide shortage of graphics cards and prompted AMD to change its marketing strategy for Vega Here's what caused bitcoin to crash – CBS News - Firenews subway bitcoin accepted 15 Jan 2018 'hacked' produced a pullback for BTC, and depending on opinion, if we look at the 'potential' link between BitFinex (biggest exchange and volume for BTC) and Tether being owned by the same 'people', and the issues that exist behind them both, could cause another dip in price for BTC. Or maybe a rise,
21 Aug 2017 There are several factors that have caused this surge in value. Firstly, the debate and talk of a fork caused a lot of uncertainty for investors and Bitcoin users. Investors don't like uncertainty and it causes prices to remain low as demand falls and investors remain on the sidelines holding their wealth in other We've seen the potential for high rewards in Bitcoin's rise in the second quarter of 2017. This was caused by the flock of investors to the market. However, this market price may not be justified by the intrinsic value of the currency, creating a bubble. The market will still correct itself when the number of people starting to buy buy bitcoin with bitcoin 15 Mar 2017 As a growing number of people become aware of and interested in Bitcoin --especially when the price tends to increase--… slow bitcoin confirmations Different Bitcoin Rates - Smart BarThis is adjusted on a periodic basis so that the average block solution time is 10 minutes (Bitcoin clients recalculate the difficulty every 2016 blocks). More information about difficulty can be found on the Bitcoin wiki. As more mining capability is brought online, difficulty will increase accordingly. is selling bitcoins for cash legal 6 Dec 2017 “As long as revenues increase, so will (electricity) costs (more machines will be added for as long as it's profitable to do so),” de Vries wrote. “Right now the revenues are increasing fast, so I expect energy consumption to keep rising as well.” If Bitcoin miners care about the environment a fraction as much as
Note that because of the decentralized nature of this currency, the bitcoin price is not normally controlled by any company, organization or government. This means that before you try to predict the rise or fall in the price of bitcoins, it is important to understand what causes the same. Below are some of the main factors that 17 Jan 2018 The good news for people who believe in the future of Bitcoin is that this is a pretty classic price drop. When traditional shares or currencies rise over time, there are points where people who've bought them to make money sell some of their holding. It's called “profit taking” and tends to happen at key price bitcoin a peer to peer electronic cash system satoshi nakamoto 31 Dec 2016 Bitcoin is within touching distance of its all-time high, having more than doubled its value for the year. Bitcoin's bull run faces one gigantic question mark heading into 2017 . “This is a huge indicator of mass trust in bitcoin, I don't find anything unhealthy about the present causes for this price rise.”. bitcoin to paypal coinbase 13 Dec 2017 A lot of individual Japanese investors own government securities and other traditional investments, like shares of stock. Suddenly, Japanese retail investors have become very important to the growth of bitcoin. They are responsible for an estimated 30 to 50 percent of bitcoin trading, causing the digital 11 Dec 2017 On the day bitcoin first hit $10,000, the Financial Times put the cryptocurrency on its front page, citing its 850 per cent increase in value since January. Some go back to bitcoin's original proposition as an alternative to existing currencies as a reason for its high price, and point to a small number of bitcoin offline transaction At $86 billion, Bitcoin's market cap is now greater than 88% of the companies in the S&P 500 but what has caused this… by waj.
7 Aug 2017 Apart from Partnerships, what is driving AntShares' price? Part of the reason that Antshares is experiencing a rise in its price is due to Ethereum rising in price. Similarly, altcoins that are built using the Bitcoin protocol usually experience the same kind of boost in price. AntShares (NEO) is only available on 7 15 Apr 2015 Simultaneously with its increasing popularity and public attention, the Bitcoin system has been labelled as an environment for organized crime and money laundering, and it has been a target of repeated hacker attacks that have caused major losses to some bitcoin owners [2, 3]. However, it should be bitcoin atm tempe 22 Dec 2017 The fundamentals are still in place and there is no reason why the bitcoin ecosystem should not continue to develop." Now almost a decade old, Bitcoin has struggled to cope with the surge in price and popularity that has seen its price rise from $1,000 at the start of the year. Amid its ongoing popularity, does bitcoin trade on weekends 2 Sep 2016 Users and investors of the currency, which has been around for over two years, have questioned the factors behind the sudden increase in the price of the efforts of the Monero development team in creating an actual alternative to Bitcoin which promises robust infrastructure and reliable privacy-features.12 Dec 2017 Bitcoin price soars to record high above $17,500: But why is bitcoin rising so high? BITCOIN’s price surged past $17,531.48 to hit a new record high today after smashing through record after record over the past year. The cryptocurrency Bitcoin reached a new high on Tuesday bitcoin world net review 27 Nov 2017 The digital currency Bitcoin is going through the roof - but what is it, and why has it shot up in price? Although there are some specialist ATMs which issue bitcoins, it may be best to think of them as being more like virtual tokens. . "But the dominant reason at the moment is that it is rising in price.".
28 Nov 2017 The price of bitcoin has risen 10-fold since the start of the year, dividing opinion as to whether its latest price is a bargain or a bubble. REUTERS/Dado Ruvic. Glucksmann acknowledged the instability of bitcoin but pointed to the potential of its underlying blockchain technology for reasons behind its rise and 19 May 2017 Bitcoin prices are on the rise. Over the last year, they This has resulted in the price of crypto-currency shooting up by 80 percent over the last one month, making Japan the largest bitcoin market in the world. Investors expect a lot That is the reason why it is also known as “Digital Gold”. Take for example can i buy bitcoin on fidelity 1 day ago Meanwhile, decades-old tax rules with no specific provisions for digital currencies are being applied to a fast-changing, online technology that presents its own complications. Some global policymakers are calling for swift global action on regulation after Bitcoin's meteoric 2017 rise — and subsequent slide how to buy bitcoin with square Dec 23, 2017 Main reason behind Bitcoin prices remain steady and stopped rising is because huge price for per BTC so people instead of investing in Bitcoin they going for other low priced cryptocurrency like Litecoin, Ripple, IOTA who has better performance in terms of Transaction time, fast transaction accepted even Feb 28, 2014 Its fall lays bare the difficulties the bitcoin community faces as it tries to square its freewheeling, libertarian ideals with growing regulation — and raises questions about its survival. Bitcoin's Mt. Gox: Inside the quick rise and even faster fall . This in turn caused bitcoin's prices on Mt. Gox to surge. bitcoin wanacry 28 Sep 2017 'Despite the warnings, I have no doubt that cryptocurrencies will continue to grow as did Tulipmania, and the South Sea Bubble'
“Bitcoin predicted to rise 165% to $2,000 in 2017”. bitcoin enrollmentBuy Bitcoin, Create Bitcoin Wallets, Read Bitcoin News, and more, at Bitcoin. Share; While the decline in enrollment coincides with a drop in the unemployment rate, Here's what caused bitcoin to crash When is Open Enrollment for Health Insurance REVEALED: Reason Bitcoin cryptocurrency is STRUGGLING in January and why RISE is likely. Meanwhile, the head of investment strategy at Barclays, Will Hobbs, labelled bitcoin "elusive" as he claimed that putting money into the bitcoin lending club Meteoric Rise of Bitcoin, Open Embracing of Blockchain by Sector what is bitcoin how does it work Could the recent bitcoin price rise have been caused by the TV series 'StartUp'? 0 comments. tkembo. 51. last year2 min read. I've just finished watching the first episode of StartUp. So far, it's the best TV series I've watched since S06E10 of Game of Thrones. If you haven't watched it yet, check out the trailer: 10 Jan 2018 What on Earth is going on with these two 'alt-coins'? what to buy using bitcoins May 2, 2013 The rise of technology has allowed for many dynamic innovations in the business world, one of the most recent being Bitcoin. Bitcoin, which was One of the more radical theories behind the cause is the fear and problems virtual currency would cause to the federal banking systems. Some believe that the
A single trader could have caused the price of bitcoin to rise over 11 Dec 2017 An unexpected surge has caused the bitcoin value to skyrocket to above the $16,000 mark. Much of this has come as the bitcoin has become an exceptionally popular investment for trading on a few new platforms. During the morning of December 6, the bitcoin had a value of around $13,000. But a sudden bitcoin miner windows xp Bitcoin buyers should prepare for disappointment – Level Financial antminer s9 bitcoin miner 7 Mar 2017 Awesome Price Rise Supported With Infrastructure. Darkcoin or popularly known as Dash cryptocurrency has exponentially soared its value. The Dash community actually applauded this as due to the tumbler built in, lower fees, the use of masternodes on management level and the fast confirmation Just curious as to why this sudden increase happened? Any links to videos or articles would be appreciated. electron bitcoin cash wallet 29 Nov 2017 Cryptocurrency enthusiasts are celebrating. Bitcoin's price has broken through the $10k price barrier and is reaching for the skies. But underlying the cryptocurrency mania is an irrational belief that threatens the whole financial system.