Bitcoin high low game

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Martin Lewis and his team have got your back. But the subject line of their last email was a little different. In just a few months, bitcoin’s public perception has gone from that of an untraceable currency loved by dark web drug dealers to a potential get-rich-quick investment opportunity that everyone has an opinion on. Suddenly, it seems, everyone and their dog is talking about investing in bitcoin. So why are so many people getting the bitcoin bug?

10,000 for the first time on November 28, things have gotten a little out of hand. With the rising price has come rising awareness and media attention. 10,000, the Financial Times put the cryptocurrency on its front page, citing its 850 per cent increase in value since January. 17,000 and the CEO of one of the largest cryptocurrency exchanges, Coinbase, published a blog post urging people to invest responsibly and warning that its website may not be able to cope with the number of people buying and selling at peak times. The attention in the media and elsewhere that has followed the spectacular rise in prices may have led to a bandwagon or herding effect, where the belief that bitcoin’s value will continue to rise has become contagious,” says Willemien Kets, an economist at the University of Oxford.