bitcoin's up

simplified explanation. One email a day for 7 days, short and educational, guaranteed. It hit 5,000 in October, then doubled by late November. (And will it Continue). And if the stock price gets high enough, traders can be forced to cover their positions, even if they don't want. Let's say that you short-sell 100 shares of a stock currently trading for 100, so you're hoping to profit as the price falls. Most important, in contrast to money in a bank account, when a Bitcoin is gone there is essentially no way to get it back and no insurance covering its loss. The price of Ether, the virtual currency on the Ethereum network, has continued to rise in recent months, but not as fast as Bitcoin.

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Why is Bitcoin Going Up?
(And will it Continue)

Bitcoin forked into two versions, Bitcoin, core bTC ) and, bitcoin, cash (BCH).
Bitcoin does not have a central authority and the bitcoin network is decentralized: There is no central server, bitcoin network is peer-to-peer.
There is no central storage, bitcoin ledger is distributed.
The ledger is public, anybody can store it on their computer.:ch.
There is no single.

Unlike other forms of money, which are controlled by governments and financial institutions, Bitcoin operates on a decentralized network of computers that no one institution controls. The software released by Satoshi set out the basic rules for Bitcoin and the computer network on which it lives. The Bitcoin software was released in early 2009 by a mysterious creator who went by the name of Satoshi Nakamoto. Image source: Getty Images. Follow Nathaniel Popper on Twitter: @nathanielpopper A version of this article appears in print on, on Page B3 of the New York edition with the headline: Bitcoin Has Exploded in Value, but What Comes Next? Short covering could be a major factor. Order Reprints Todays Paper Subscribe Related Coverage Coinbase: The Heart of the Bitcoin Frenzy Dec. Litecoin (LTC) 122.10.4, cardano (ADA).20.3, stellar (XLM).23.2, nEO (NEO).75.4, iOTA (miota).19.5, data source:.