Bitcoin reaches $9,600 an all-time high

By TechJuice on
November 27, 2017
  -   Like us now!  

Today marks a historic day in the life of Bitcoin. As speculated earlier, Bitcoin has today reached an all-time high of $9,600. It is expected that the value of the digital currency will continue to rise and will reach almost $12,000 by the time of Christmas.

Bitcoin had its fair share of bumps this year. First, the media reports were mainly negative, second, financial experts and some of the leaders from banking industry were totally against it. Then, China, the biggest hub of cryptocurrency, completely banned the trade of Bitcoins and Altcoins.

See also: How to buy Bitcoins using credit card

Due to all this, there was an air of uncertainty and impatience but Bitcoin defied all the odds against it and continued to increase in value.

Lendedu, a survey platform, recently reached out to Bitcoin investors to understand their thought process. The survey collected the data from 564 Bitcoin investors and on asking that on what value are they willing to sell their Bitcoins, they responded that they won’t sell their Bitcoin until it reaches around $200,000. It is to keep in mind that all investors replied with different values and the $200,000 is an average of all their answers.

It seems like the Bitcoin investors are in it for a long time and are not looking for short time price fluctuations and gains.

Like our stories? Follow our Instagram for pictorial updates.Follow @techjuicepk

Jeff Bezos' net worth crosses 100 billion dollars mark
Intel's latest core processors have a serious security flaw


NameDescriptionLink is a peer-to-peer bitcoin exchange, a site where you can list your own bitcoins for sale or buy bitcoins directly from other users.Buy Bitcoins
Coinmama lets you buy bitcoins with your credit card or cash.Buy Bitcoins
With Binance, you can buy and sell Bitcoins and altcoins easily. Get into Cryptocurrency trading on this exchange.Buy Altcoins
Coinbase is the easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.Buy Bitcoins