Bitcoin Free Training Membership 2018

Bitcoin is getting a Black Friday boost.

The digital currency climbed above $8,700 to a record high Saturday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping.

Bitcoin rose more than 6 percent to a record high of $8,725.13, according to CoinDesk, trading around $8,674 midday on Saturday. Another digital currency, ethereum, also hit an all-time high of $485.18, according to CoinMarketCap.

“The move appears to be retail driven,” said Brian Kelly, a CNBC contributor, and CEO of BKCM, which runs a digital assets strategy.

The largest bitcoin exchange in the U.S., Coinbase, added about 100,000 accounts between Wednesday and Friday — just around Thursday’s Thanksgiving holiday — to a total of 13.1 million. That’s according to public data available on Coinbase’s website and historical records compiled by Master Lurn. Coinbase had about 4.9 million users last November, Master Lurn data showed.

“Anecdotally, everyone I have talked to in the cryptocurrency community has said that Thanksgiving table discussion was all about bitcoin, and that inspired many family members to buy bitcoin,” Kelly said. “I suspect that pattern was repeated across tables everywhere.”

Bitcoin has multiplied more than eight times in value this year amid increased interest from institutional investors.

The world’s largest futures exchange, CME, is planning to list bitcoin futures in the second week of December. The launch of a derivatives product for the digital currency will mark another step in establishing bitcoin as a legitimate asset class.

U.S. dollar-bitcoin trading volume accounts for 24 percent of total trading in the cryptocurrency, according to CryptoCompare. The Japanese yen has the largest share at 59 percent, while the South Korean won comes third at 10 percent, according to the website.

The bitcoin offshoot, bitcoin cash, traded slightly lower around $1,592, according to CoinMarketCap.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Mobile payments made easy

Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology).

Security and control over your money

Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

Fast international payments

Sending bitcoins across borders is as easy as sending them across the street. There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send.

There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it’s possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin.

Protect your identity

With Bitcoin, there is no credit card number that some malicious actor can collect in order to impersonate you. In fact, it is even possible to send a payment without revealing your identity, almost like with physical money. You should however take note that some effort can be required to protect your privacy.

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