Posted By RichC on December 6, 2017
So much for using Bitcoin as a cryptocurrency? How does one set prices for products and services "in Bitcoins" when there isn’t any stability of value? So much for using it as currency … more like gambling or speculating on artwork as these bits of invisible computer cyber bytes continue to find pyramid scheme buyers.
On Wednesday, bitcoin rocketed higher crossing the $14,000 mark on at least one exchange less than 24 hours after topping $12,000.
The landmark happened on the Coinbase exchange just before 6 p.m. ET, and it traded as high as $14,344.22 on that platform. That said, there are often significant price differentials on different bitcoin exchanges. CoinDesk, a widely regarded industry site, said as of 6:16 p.m. ET that its average of prices across leading exchanges showed a high point of $13,810.72 for the cryptocurrency.
More at CNBC