A record high for Bitcoin! Wednesday,11/6/13 $272.42 and climbing! That is higher than the $266 peak back in April. Remember that we had a sell off back then within a week dropping prices sub $100. Will we get another sell off? If we do, will you be ready to buy?
- Bitcoin prices are surging.
Bitcoin will get insane amounts of PR yet again as the price surges repeating last years pattern. Look for a influx of fresh money into the market. This influx will certainly have a % aiming for high risk new startup coins to invest in. Look for some major growth in a few select altcoins.
Worldwide news is driving awareness we have seen recently the announcement of a Chinese bitcoin exchange, BTC china. Bitcoincharts.com BTC China as the market volume leader.
As things continue to look worse worldwide for fiat, cryptocoins are exploding at an exponential rate. New markets open and set record volumes week after week (I am looking at you Cryptsy)
The market moves and changes so fast, missing just a few days of development can cost you a fortune. These are exciting times of change, and it is just getting started.
-Blundertoe
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