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Bitcoin jumps 1000% this year

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Bitcoin rises by $2000 in one day! Then it falls by just as much the very same day. Is the digital currency here to stay? Or a volatile, unproven and unbacked currency that's doomed to fail? Coindesk's Nolan Bauerie gives Richard his two cents.
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Text Comments (141)
Angelo Jamaica (9 days ago)
OH my the cunt new network overloading you tube.
Tony Anderson (1 month ago)
I first invested $5,000 in bitcoin back in 2013 at $72 per coin and now own approximately 69.2 bitcoins. While I had first heard about bitcoin in 2011, it wasn't until I watched a documentary and started reading forums about the cryptocurrency that I decided to buy it. It was easy to see how bitcoin could disrupt the entire financial system. I then contacted John Konner, bought bitcoin from him as a long-term experiment and used less than 1 percent of my net worth at the time to buy into bitcoin. Sure, I wanted to make money on it, but if I lost everything, it wasn't going to change the course of my life. As of this writing, after Konner helped me with investing my bitcoin I was wowed! bitcoin is trading at $8,516.44, which makes my bitcoins now worth $1,148,720. It took me 2 years working 80-hour weeks to make over $1 million saving and investing in the stock market, but with Konner, my coins have increased to over $1 million in 2017 alone. It's by far, without a doubt, the easiest money I have ever made. But I didn’t do it alone. I recommend you to invest in Bitcoin today with the help of Konner. Konner.coinex@gmail.com. Hit him up and don fail to spread the news for others to make wealth. Good luck.
John Konner (1 month ago)
I am John Konner, I am a software/ Internet developer and I am a bitcoin miner. Bitcoin is a decentralized crypto currency basically a virtual form of money. Bitcoin is controlled by software algorithm. In other to control the amount of bitcoin that are released into the anoMY the algorithm determines that there is only so many letters mined during a certain period of time. Currently that is 25 bitcoins are found about every ten minutes or so. Those people that are mining contributes to the overall computing power of the network. You are only going to get rewarded in essence whatever (%)percentage of that power your computers are putting out. The graphics cards are what’s doing the work. Most miners have probably made fractions of bitcoin. I started mining in 2011 so I invested eight hundred dollars ($800) to build my computers 🖥. At the time when I put it online I was probably mining slightly above 1 bitcoin a day. In essence what I was doing was downloading softwares, running softwares 24/7 and accepting these mathematical problems, solving these mathematical problems and sending results back up to a server. The feeling is kind of annoying but it’s a sound of money. There’s nothing really much technical to know is that you need a platform to be able to keep the computer running 24/7 but you don’t have to be a programmer or a cryptographer. Up till now I haven’t really spent much of a bitcoin apart from reinvesting them in a hardware. If you want to make money in bitcoin and you feel MINiNG ⛏ is not the best way to do it, you should better trade bitcoin but in trading bitcoin there’s a lot greater risk. Are you willing to trade in bitcoin? #binaryoptions #forex #bitcoincloudmining Contact CoinEx: Konner.coinex@gmail.com
Shamkant Chaudhari (1 month ago)
bitcoin ne har baar kamal kiya hai congrachuletion i saport crypto i love crypto
RAIN (2 months ago)
Lot's of little diamonds in the ruff on the Bancor Network exchange!
Mustafa Eren (4 months ago)
Tinnakorn Wantae 3 (4 months ago)
and now it fall hahahahahahaahah
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Kenneth Parsons (5 months ago)
Bitcoin is a 'huge, gigantic scam,' warns real-life Wolf of Wall Street Jordan Belfort https://www.thesun.co.uk/news/worldnews/5146414/bitcoin-jordan-belfort-wolf-of-wall-street-scam-investors-warning/
Aca Miln (5 months ago)
Bitcoin will replace petrodollar. Will it help US to stay as the first economy in the world....No.
CraigBMM (6 months ago)
i'm in ! BitConnect pays daily interest .. reinvest - compounding interest is powerful! https://bitconnect-risetothetop.yolasite.com
dayna schmidt (6 months ago)
You want bitcoin miner http://kryptomachine.com/?i=177156
Kristupas Antanavicius (6 months ago)
You could say the same thing about gold. It has mostly 0 value. Throughout history, the only value of Gold has been as a beauty material. It serves no valuable purpose other than looking pretty. Though that has changed a little bit with the boom of electronics.
Mathew Stevenson (6 months ago)
Buy your Bitcoin at https://www.coinbase.com/join/5289c7b4e619bd63690003fb
Axle Gallardo (6 months ago)
Dumb asses. Oh my. The amount of Naive people. Bitcoin is going to CRASH and crash HARD!
Obedience to flow (6 months ago)
No one can loan my friend 500,000 for a house in California. When he’s on disability, have him lose it a $300,000, then get bailed out, by taxpayers. Hmm, a bitcoin owner does that he loses his money. 185 Trillion unfunded liabilities, in a 15 Trillion economy.
Daniel Harrison (6 months ago)
its deflationary. pretty simple. your savings becomes more valuable instead of less valuable
Mathew Stevenson (6 months ago)
H B (6 months ago)
3:28 says it all. XD I classify 3 types of btc haters: 1: People working for banks and bankers - Because bitcoin is a threat to their workplace safety and they probably also didnt bought some. 2. Regular people who didnt buy until now and still dont buy because they dont have the balls to do it and are lazy to learn about the technology. 3. Stupid people who have no clue about the technology and just puke out, what they hear in the news. All bitcoin buyer visionaries and independent thinkers will be rewarded greatly for sure.
BitcoinGames (6 months ago)
Ofcourse this is going to happen! Its still early days. Untill it becomes more mainstream Bitcoin will always be volatile! just dumbass's that dont believe in this will get left behind..
theSlade (6 months ago)
"the dollar is backed bei gold..." hahahahaaahahhhaahaa
Carlos Matos (6 months ago)
The dollar is backed by a magic money tree :)
sharperguy (6 months ago)
I guess all holding of bitcoin will be speculation. You're speculating that it will be better to hold your money in bitcoin rather than in USD. If you want to use it for payments you don't need to hold it. Equally anyone who holds USD is speculating that it wont suddenly collapse in value one day.
Carlos Matos (6 months ago)
Thats why I like gold, silver, Bitcoin, and USD :)
Vincent Fiorini (6 months ago)
Bitcoin is a legal currency in Japan.
Michael Horton (6 months ago)
People seems to be closed off to the idea that bitcoin isn't a bubble, but the US dollar is crashing.
deadend51000 (6 months ago)
If u did exact the opposite that the media/bankers telling u to do, then u would be a millionaire already.
Keth Siva (6 months ago)
Canadians cannot sell bitcoins in Coinbase. Join QUADRIGACX - https://www.quadrigacx.com/?ref=x48v257lipvdcg42i432nirm
Tamil Food Chef (6 months ago)
Canadians cannot sell bitcoins in Coinbase. Join QUADRIGACX - https://www.quadrigacx.com/?ref=x48v257lipvdcg42i432nirm
Mary Williams (6 months ago)
For the people who still don't understand bitcoin, please do your research. You will never have an opportunity like this ever. Keep accumulating gold, silver and bitcoin and you and your family will be sitting pretty for life. The future economy will be digital and decentralised. Besides financial health, we need to invest also in mental, emotional and spiritual health, but once covered your physical needs, everything else becomes much easier.Get some bitcoin now, it will continue to increase in value for decades to come, since it's limited and ever more useful for more and more applications. Here is a start: "Introduction to Bitcoin" - Andreas Antonopoulos https://www.youtube.com/watch?v=qkxdys-Ek9U Andreas own YT channel: https://www.youtube.com/user/aantonop/playlists Also, visit https://www.reddit.com/r/Bitcoin/ to learn more and be informed.
Steve James (6 months ago)
Get free from Central Powers control by using decentralized currency. The future economy will be totally digital and decentralized. Bitcoin is a worldwide-distributed decentralized peer-to-peer censorship-resistant trustless and permissionless deflationary system/currency (see Blockchain technology) backed by mathematics, open source code, cryptography and the most powerful and secure decentralized computational network on the planet, orders of magnitude more powerful than google and government combined. There is a limit of 21 million bitcoins (divisible in smaller units). "Backed by Government" money is not backed by anything and is infinitely printed at will by Central Banks. Bitcoin is limited and decentralized. Receive and transfer money, from cents (micropayments) to thousands: * Cheap regardless of amount $$$ sent (Soon again with Segwit+LN) * Borderless (no country can stop it from going in/out or confiscate) * Trustless (nobody needs to trust anybody for it to work) * Privacy (no need to expose personal information) * Securely (encrypted cryptographically) * Permissionless (no approval from central powers needed) * Almost Instant (from seconds to a few minutes) * Open source (auditable by anybody) * Worldwide distributed (from anywhere to anywhere on the planet) * Censorship resistant (no government can stop its use) * Peer-to-peer (no intermediaries with a cut) * Portable (easier to carry/move than cash, gold and silver) * Public ledger (transparent, seen by everybody) * Scalable (each bitcoin is divisible down to 8 decimals) * Decentralized (distributed with no single point of failure) * Deflationary (its supply goes down with time until reaching 21 million ever) * Immutable global registry (can’t be altered/hacked by nobody) * No chargebacks-No fraud ('push' vs' 'pull' transactions). And that’s just as currency, Bitcoin has many more uses and applications. For more info go to r/bitcoin on Reddit.
MainAccount (6 months ago)
Bitcoin’s value derives from its current real uses (mainly for money transfers and remittances) its limited supply and scarcity (store of value) and its many potential uses. Also, behind the curtains there is a huge growth in the bitcoin ecosystem development that a regular folk can't see because it's ignored by the media. If you buy for day trading you may lose money, but if you hold long term, it has been proven you get nice ROI. And bitcoin has barely started, think of the Internet/email in the 90's. A decentralized technology that has a valuable use it's not going to disappear, even if a few tyrannical governments try to "ban" it. Check out this great articles and video: What Gave Bitcoin Its Value? https://fee.org/articles/what-gave-bitcoin-its-value/ "How do Bitcoins have value?" https://www.quora.com/How-do-Bitcoins-have-value/answer/David-Strayhorn Why we value Bitcoin https://mjslawson.com/2017/12/01/bitcoin/why-we-value-bitcoin/ “How to value a bitcoin (Metcalfe’s Law) https://www.youtube.com/watch?v=J-Vjgx75GXQ
Sepharite (6 months ago)
I love Bitcoin and Bitcoin Cash. Basically doubled my money this year. I didn't put much in but it beat my stocks, that's for sure!
John McDonald (6 months ago)
Want to buy bitcoin?, look no further. Click here to get started. https://www.coinbase.com/join/5a17af304445ea01206ce9d4
daved PrimeDice (6 months ago)
its backed by computing power/work
Tech Genez (6 months ago)
Congrats Your Video is Featured on TechGenez.com
Bitcoin is LIT (6 months ago)
Kon TumMaDa (6 months ago)
only poor broke ass and Middle class who never put a dime in investing and keep saying it's bubble lol
Ken The Crypto (6 months ago)
Crypto is literally an opportunity to not be poor in the future. I'm not saying that it'll make you people rich (even though it has) I'm saying that invest now, and wait 5 years later and you won't regret it.
Samual Kirchner (6 months ago)
If anyone would be kind enough to bless me with some bitcoin that would be great! My bitcoin addy :) 1FRYZUgE3Cz14NgAK92Y5G3tV1MDCRGTX9
J C (6 months ago)
Its very important to KEEP YOUR BTC SAFE, If You haven't yet I suggest you use this wallet http://bit.ly/SafeTransaction Proven to be The Industry's Best BTC Wallet!
BITCOIN is not backed by Gold. and its not backed by anything ,its a made up Currency you have to believe in ..Now I see why the UK and USA founded to have Kadafi killed he wanted world trading backed by GOLD uk and us have no Gold....
Camille Awad (6 months ago)
EMC2 has made some surprising gains, whats other ppl thoughts?
Robbie Flaming (6 months ago)
I kept telling myself it's a bubble and there's no point getting involved. But then I said fuck it and started mining and investing. I've been primarily using cloud mining services like Hashflare and genesis mining. Genesis mining is currently sold out of most if not all of their contracts, but Hashflare still has 1 year contracts available. I saw ROI in less than 3 months and now it's just pure profit for the remainder of the year. If you don't want to fully invest in a mining rig or on the currensy directly, cloud mining could be a solid solution for you. You can check out Hashflare here: https://hashflare.io/r/A997E2FE
Larry Li (6 months ago)
when 99% of people are saying it's a bubble, it's probably not a bubble lol.
Vincent Fiorini (6 months ago)
@Crypto Thought. Yes! Soon as you are in that profit zone while liquify your portfolio?
Crypto Thought (6 months ago)
You are assuming anyone involved will exit completely. That would make it a bubble.
Sepharite (6 months ago)
It's a bubble by nature, it's speculative, with no real value backed up.
Ken The Crypto (6 months ago)
They've said it was a bubble since it was at 1,000 LMAO.
sam gif (6 months ago)
good point.
Brismo (6 months ago)
Bitcoin is backed by electricity. Look: End User pays fiat to coinbase for Bitcoin. But Coinbase bought the Bitcoin from a miner, and they paid him Fiat. The reason he sells is to pay for the electricity cost of Mining Bitcoin. Bitcoins are converted from Electricity by Bitcoin Mining Machines every ten minutes. Its simply a store of Economic Value. And their rarity and desirability drives up the value.
AngelGrief (6 months ago)
@CNNMoney We are thousands of people that bittrex exchange blocked our cryptocurrencies plz report that watch movie that uploaded in my channel
Richard Green (6 months ago)
Bitcoin is no where near critical mass, this is the tip of the iceberg. Volatility or not, when critical mass is reached, old money will be crypto holders whether they like it or not.
Ken The Crypto (6 months ago)
Well isn't that what currency really is.. something that is valueable, because it's the mass that actually determine the value.
Richard Green thats my point, the only reason UK and US are pushing this is because they have no GOLD😂..so they are making way for digital Currency...I dont trust it, now they track all your money .Government can take my..you can no longer hide funds for a rainy day...another way of control
Richard Green (6 months ago)
Neither is the US Dollar... however we still see it as being valuable... because of it's trust, credibility, and world wide acceptance.
Richard Green bitcoin is not Backed by GOLD or anything.....
Brismo (6 months ago)
Yup, they'll just have to pay a premium. But the good news is that $50k per Bitcoin is still worth 50 thousand dollars. Its a redistribution of wealth.
Tony Smith (6 months ago)
I’m just cross. Lol
Tony Smith (6 months ago)
Its simple. It’s volatile because it’s small. Wait till market cap is 2 trillion. You won’t see these big movements.
Ken The Crypto (6 months ago)
Yup. real talk right here. We are still very early. Right now is the biggest opportunity to get in DUE to volatile movements and cause these prices are very cheap compared to what we'll see 3+ years from now. 50 billion to 300+ billion mcap in less than a year is insane.
Claw Leader (6 months ago)
Mike (6 months ago)
Lol, trying to explain bitcoin to this british baboon in pointless. It will be more stable once it's at $500k+. See you at $100k next year.
Scott Hall thats my point, UK and US money is not backed by GOLD because they dont have any...which is funny why they are pushing this new form of money...the usd is worth less and less worldwide
Scott Hall (6 months ago)
@ Goddsun Africanmack'Nz: The USD is not backed by gold either. In fact I don't believe the EUR or Yen are backed by gold either. So what's your point? You would rather hold fiat not backed by gold rather than bitcoin which is not backed by gold? As far as courts "just taking money from your bitcoin account", it is obvious you are not at all familiar with how bitcoin works or what it is. You seem to be confusing online accounts with an exchange with holding and owning bitcoin, but these are different things. If you control your own private keys and have them locked up or secure offline, no one, absolutely no person, government, business or any other entity can "take money from your account". It is impossible if you have the private key. If you have it locked up offline the only way possible for anyone else to access your funds would be by stealing your private key. If you have it in a bank safety deposit box, they would have to rob the bank, break into the vault, break open your safety deposit box, retrieve the paper wallet, import the private key.
Heroo Duurr (6 months ago)
Bitcoin is LIT today's high is tomorrow's low lol
Bitcoin is LIT (6 months ago)
Heroo Durr Exactly! Soon after they make such statements BTC hits another all time high lol
Heroo Duurr (6 months ago)
It's funny, whenever I see someone doubting btc or talking bad about it they usually don't know a damn thing about it
J M (6 months ago)
that graph is an exponential curve which is how bitcoin is expected to grow given it's deflationary nature and ease of ownership. Edit: Security and revolutionary technology is underpinning that growth. It's like saying there's nothing underpinning the growth of the internet in the 1990's. What the heck is underpinning the growth of gold?
BloodyHawk39 (6 months ago)
Always show price growth graph in log, showing it in linear is useless.
How I made (6 months ago)
cannot stop the crypto train! these old ppl will never get it
Ken The Crypto (6 months ago)
They're used to their way of making money. They want things to be how it is, but don't want to accept the speed of technology and where it's taking us. Basically saying.. they want to stay rich and they want the poor to stay poor.
How I made Crypto currency is not Backed by GOLD or anything...its made up thats what scary and they track everything you buy
Foxtrot Oscar (6 months ago)
Proof of work, Google it. Idiots
Ken The Crypto (6 months ago)
Haha yes!!
night mark (6 months ago)
It's real money until you sell it or somebody is willing to pay for it
Why would you sell future money for worthless past money?
Ken The Crypto (6 months ago)
Well yes and no. Until more merchants actually accept bitcoin as a payment, then we wouldn't even need to sell it. We would just use it to buy stuff.
Jon Lamp (6 months ago)
I am wondering why he mentioned Nigeria as if there is a political crisis going on there similar to Venezuela and Zimbabwe.
Spencer Willis (6 months ago)
https://hashflare.io/r/4955861C Earn some easy, lazy bitcoin
floris m (6 months ago)
Bitcoin used to be used on the darknet where people would buy drugs with it. Now because the value of it rises and falls and it becomes to look like a stock, and to me it seems one kid in class yelled he wanted and now everybody wants in
Flower_K (6 months ago)
it's like putting your money on poker game
Ali Reza N.Sadeghi (6 months ago)
problem solved.
Ali Reza N.Sadeghi (6 months ago)
The movie will not be played...! only voice...!
The Modern Investor (6 months ago)
If you think Bitcoin is a bubble it's time to do some research, because you've been lied to by the same people who tell you a 0.10% yearly return from your money in the bank is a "good investment"
Crypto Thought (6 months ago)
.10%? you got it good. Try .05% where I'm at. Banksters run my city.
Ken The Crypto (6 months ago)
Thank you for this sir.
Bank It (6 months ago)
I put a lot of money in Bitcoin.  MtGox happened.
Bank It (6 months ago)
It's funny to listen to fans of something, they believe to be perfect.  Do you hold Bitcoin in your hand?  Nope.  If you human beings are responsible for accessing or controlling financial... anything, watch out.  Bitcoin cannot exist without human involvement.
Carlos Matos (6 months ago)
Use a Trezor or Nano S or even run a full node and use that as a wallet. You won't lose your coins that way.
Void Nil (6 months ago)
You left it on an exchange? Why in god's name?
Scott Hall (6 months ago)
@Bank It: your above statement that exchanges are no different than hardware wallets is simply not true. Neither hardware wallets nor paper wallets are anything remotely like exchanges. When you keep bitcoin on an exchange, you are putting all of your trust in that particular company to hold your keys for you. If they lose them or go bankrupt, you are out of luck. When it comes to hardware wallets like Trezor, Ledger Nano, and KeepKey, you control your own keys. As long as you keep the recovery seed safe, you can even restore your wallet with your balances on an entirely new hardware wallet. The private keys are not stored online and not subject to hacking. With paper wallets you are simply printing (offline) your private key that you generate yourself and keeping those in a safe or safety deposit box at a bank, or anywhere secure that you choose. Completely cold storage and not subject to any online hack. Also your paper wallets are not reliant on any particular company staying in business. All major exchanges could go bankrupt, but you would still have your private keys and thus your bitcoin.
Soviet Pepe (6 months ago)
You are sorely mistaken my friend. Ever since Bitcoin was originally released you could do a "paper" wallet.
Patrick Wall (6 months ago)
Man this is a bubble :/
kleinbottled79 (6 months ago)
Assets themselves are never bubbles. Valuations can be bubbles. Bitcoins PRICE tends to bubble and burst over and over. Yet overall the upward trend is very strongly. This is what makes the volatility less important. Calling bitcoin ITSELF a bubble is a weird word trick they are trying to pull with the ignorant public.
VarietyGamer (6 months ago)
This. $1 million / bitcoin? It can happen. Pro-tip: Invest ~5-10k into bitcoin NOW. Leave it be for 3-5 years. Don't daily trade, just hold.
crypt keeper (6 months ago)
Ha, not at all. Entire marketcap is less then a trillion. Golds marketcap is what 5-6 trillion? Do some research, let's talk when it hits 100k a coin.
Vladimus44 (6 months ago)
Everyone who calls it a bubble has nothing further to say about it because they've only put in a minutes worth of thought. Bitcoin isn't in a bubble. It is a global market. It is BURSTING the bubble.
Brismo (6 months ago)
Not a bubble. Limited Supply unlimited demand. Bitcoin has no Price Ceiling.
Ciro Amaya (6 months ago)
This spike is kind of scary. I hope this isnt a bubble.
Bank It (6 months ago)
SPERRFEUER84 - Everyone knows how Bitcoin works, that is beside the point.  Of course no one controls Bitcoin itself, it's USE is controlled.  To use your logic, 'Bitcoin could exist without human involvement.' That's impossible.  Everyone that owns Bitcoin, does so through some form of human control.  You think MtGox theft was some anomaly that could never happen again?  MtGox wasn't hacked, it crashed because the value was simply stolen by the owner who controlled the platform.  Who do you think owns and runs hard wallet platforms?  God?
kleinbottled79 (6 months ago)
If the price isn't in a bubble now, it's headed into one. Bubbling is what the bitcoin price does. Not freaking out when it bursts is the secret to the hodl lifestyle. I was in the red on my bitcoin position through 2014-15. The bear market after Mt.Gox was brutal. But I held, having faith in the tech, and it has paid off. I fully expect the price to bubble and burst again. And also to keep trending up overall.
SPERRFEUER84 (6 months ago)
almost everything you said is wrong. you dont even know how this technology works. nobody controls the bitcoin network. thats the whole idea behind it. its the first financial system that has no central controlling entity. otherwise we could stay with regular banks and paypal.
Logan Becker (6 months ago)
Here’s quick and simple “how-to” guide for buying Bitcoin and crypto on Coinbase (and avoiding fees with GDAX!). Free $10 of Bitcoin if you purchase just $100 of BTC using my link! Hope it’s helpful! https://medium.com/@lrbecke2/the-beginners-guide-to-buying-bitcoin-cryptocurrency-16cce85e76ee
derty QWERTY (6 months ago)
What else is new? This is all because kids who know technology and why bitcoin is superior to banks, told their rich uncles and family members at Thanksgiving vacation time. Pretty obvious. Now watch during Christmas holidays, even bigger spike is said to happen according to people who like to make predictions. 12.5k is the new mark
Sean Scott (6 months ago)
I did not understand nothing other than what the title already stated
Indianclassicmusic1 (6 months ago)
Today's top news !!!!!!!!!

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