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Bitcoin rises above $10,000 for first time since early June

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Bitcoin rises above $10,000 for first time since early June

 

2020-07-27T015045Z_1_LYNXNPEG6Q03A_RTROPTP_4_CRYPTO-CURRENCIES-BITCOIN.JPG

FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

 

(Reuters) - After several weeks of trading in narrow ranges, bitcoin breached $10,000 on Sunday for the first time since early June.

 

In addition to suffering pricing blows due to the economic fallout from the coronavirus outbreak, the virtual currency went through its third so-called halving on May 11, which cut the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5.

 

The "halving" has affected the supply side of bitcoin and increased the time needed for miners to find their break-even point.

 

On Sunday, the cryptocurrency hit highs of $10,200.

 

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-- © Copyright Reuters 2020-07-27
 

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Wow first time in what, 8 weeks, such an achievement 🙄

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So, just over half the price it was back in December 2017.  What an amazing investment.

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And to think that John McAfee, three years ago, bet it would $500,000 by now.  I won't be tuning in to see him eat his penis on live television.

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$11.124 on bitcointicker just now.

 

Sold some Indextrackers 4 weeks after the halving because they seemed to stagnate.

 

Decisions. decisions what to do?

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The people who bought the big dip, several months ago at 4,000,  are doing good now.  Everything is timing(Luck)...

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10 minutes ago, Andy from Kent said:

 

!00,000 USD within the next 5 months.

Promise?

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looks good to me. I wasnt expecting to be able to retire when I invested in bitcoin but Ive already spent more then my original investment and still have enough to live comfortably for the rest of my life and beyond. guess people have different ideas of what a good investment is

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It just dropped over 1000USD but will probably be back up above 12k by Monday!

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And it could be $8k by Friday. Bitcoin is educated gambling. And no matter which direction it goes, some people are going to make fortunes off it, while others are going to lose fortunes.

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