Does it feel like the only time you hear about Bitcoin is when the price is either abruptly soaring or sinking?This time it’s soaring.Bitcoin is up about 30% over the last month, and about 50% over the last 3 months.The current price is hovering right around $950.The last time it traded this close to $1,000 was in January 2014 when the price hit $1,023 – right before the giant Mt.But this increase in price doesn’t seem to be the insane rapid fluctuations that are ever-so-common with Bitcoin.As you can see above – the 50% increase has been pretty stable, accelerating a bit around Christmas time.And unlike recent fluctuations that were (at least loosely) tied to events like the halving or Bitcoin Core updates, this rally doesn’t seem to be caused by anything in particular.Sure, there is some general economic uncertainty in the world right now, but the stock market is doing well – and gold is even down, a commodity that at least usually trades parallel to Bitcoin.So what’s causing it?

No one knows for sure.Maybe it’s the usual hype that Bitcoin sees around Christmas time.Maybe it’s a delayed natural reaction from the halving – or maybe it’s just a sign that Bitcoin is doing better than people think it is.One anecdotal sign that Bitcoin as a consumer spending product may have more legs than people think – Airbnb CEO Brian Chesky asked for product suggestions for 2017, and accepting Bitcoin payments was the number one most requested feature for the company.@jamesldamico @desantis I'm surprised by how popular this is in this thread (has overtaken loyalty program) — Brian Chesky (@bchesky) December 26, 2016 It will be interesting to see what 2017 holds for Bitcoin.While the general consensus was that Bitcoin as a consumer payments platform was dead (in favor of enterprise-focused solutions like custom Blockchains) that may not be the case anymore.Either way, remember that Bitcoin does what Bitcoin does, and don’t ever buy or sell coins with the hope of making a quick buck – because you’ll probably lose it.

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This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.Tweets not working for you?Hover over the profile pic and click the Following button to unfollow any account.huong dan choi bitcoinSay a lot with a little When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.Join the conversation Add your thoughts about any Tweet with a Reply.Find a topic you’re passionate about, and jump right in.Learn the latest Get instant insight into what people are talking about now.Get more of what you love Follow more accounts to get instant updates about topics you care about.Find what's happening See the latest conversations about any topic instantly.Never miss a Moment Catch up instantly on the best stories happening as they unfold.Another day, another #Bitcoin Unlimited crash which seems to be thanks to thinblocks again.

I wonder how they'll blame Core this time.1 more reply Loading seems to be taking a while.Twitter may be over capacity or experiencing a momentary hiccup.Try again or visit Twitter Status for more information.Bitcoin's market value is fluctuating again.Almost two months since it hit a three-year high of $1,000 on January 1, the virtual currency soared to a record high of $1,206 overnight, according to CoinDesk.Shortly after it dropped to a relative low of $1,124 and has since risen to $1,171 (at the time of writing).Your life is destined for the blockchain Despite having a strong start to 2017, the price of the cryptocurrency started to tumble on the morning of January 5.Starting the day at $1,141, the price of a single Bitcoin dropped 18 per cent down to around $893 by 1:15pm GMT.This was the currency's largest drop in two years.This latest surge is amid reports of the imminent US Securities and Exchange Commission decision on March 11 regarding the Winklevoss brothers' bitcoin ETF.

If approved, it would see the currency being made more widely available to investors but there is no guarantee this will be the outcome.On the other side of the coin, excuse the pun, is China central bank's recent decision to suspend bitcoin withdrawals until the bank could update its compliance system.This caused prices to drop, but as Elaine Ou, a blockchain engineer at Global Financial Access, wrote on Bloomberg: "Every time a government sets out to abolish something people like, the well-liked thing moves to where it can’t be stopped.Now it's happening in China, where the government has been trying to crack down on bitcoin."Bitcoin'sextremely positive start to 2017 was its strongest performance since December.That surge finished off a successful year for the blockchain-based currency, which started the year at $431 (£350) and had more than doubled in value by the year’s close.By the end of the year, it had risen in value more than any traditional currency issued by central banks in any country.The virtual currency also reaped the benefits of a recent seven per cent fall in the value of the Chinese yuan over 2016.

Most of the world’s bitcoin trading takes place in China, according to Reuters, and the country’s weak currency is said to be making more people consider bitcoin as an alternative currency for trading.A simple guide to the blockchain and bitcoin Market speculators will be keeping a wary eye on bitcoin though, as it is a notoriously volatile currency.In late 2013 it surged from less than $200 (£163) to an all-time high of $1,163 (£947) in the space of a couple of months, before collapsing to less than $400 (£326) in the wake of an attack on the Tokyo-based Mt Gox bitcoin exchange.Released by its mysterious creator, Satoshi Nakamoto, in January 2009, the cryptocurrency lets users move money quickly and anonymously across the globe.Its focus on anonymity and independence has led to critics accusing it of being the currency of choice for drug dealers, fraudsters and dark web traders.Bitcoin has performed well following a year where unpredictable political events caused markets to plunge.