A huge advertisement of Bitcon is displayed near a train station in Tokyo Monday, Jan. 29, 2018. Blockchain is a decentralized technology that can make transactions safe and secure, but crypto-currency exchanges that trade bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks.

Bitcoin is mounting a comeback, but investors are still split

$8,000

Bitcoin has climbed back to the $8,000 mark after losing more than half its value earlier this year, but investors are still split on buying in.

Published   |  Photo by Koji Sasahara/AP
A huge advertisement of Bitcon is displayed near a train station in Tokyo Monday, Jan. 29, 2018. Blockchain is a decentralized technology that can make transactions safe and secure, but crypto-currency exchanges that trade bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks.
$8,000

It’s the first time bitcoin has hit $8,000 since May, following a rough year of doubts, regulation talks, and scams. Now analysts are wondering if it’s a bull run, or just a blip.

A huge advertisement of Bitcon is displayed near a train station in Tokyo Monday, Jan. 29, 2018. Blockchain is a decentralized technology that can make transactions safe and secure, but crypto-currency exchanges that trade bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks.
$8,000

Still, there have been promising signs. Bitcoin’s inclusion into the FRED index—along with Ethereum, Litecoin, and Bitcoin Cash—gave a major nod of legitimacy to the crypto market.

A huge advertisement of Bitcon is displayed near a train station in Tokyo Monday, Jan. 29, 2018. Blockchain is a decentralized technology that can make transactions safe and secure, but crypto-currency exchanges that trade bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks.
$8,000

Bitcoin price in 2018

A huge advertisement of Bitcon is displayed near a train station in Tokyo Monday, Jan. 29, 2018. Blockchain is a decentralized technology that can make transactions safe and secure, but crypto-currency exchanges that trade bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks.
$8,000

Bitcoin’s latest rush is also spurring bargain hunters looking to invest while the crypto asset is relatively cheap—compared to its all-time heights.

A huge advertisement of Bitcon is displayed near a train station in Tokyo Monday, Jan. 29, 2018. Blockchain is a decentralized technology that can make transactions safe and secure, but crypto-currency exchanges that trade bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks.
$8,000

As usual, it’s all about timing. If you had bought bitcoin in late June, that investment would’ve gained roughly 40% in value by now.

A huge advertisement of Bitcon is displayed near a train station in Tokyo Monday, Jan. 29, 2018. Blockchain is a decentralized technology that can make transactions safe and secure, but crypto-currency exchanges that trade bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks.
$8,000

Gains aside, the risk is still significant for late investors: The bitcoin market lost more than $200 billion this year.

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