Current rise in BTC price

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Current rise in BTC price

Post by jakedageek on Wed Aug 14, 2013 6:11 pm

Recently, the difficulty of mining BTC increased by approximately 35.9%. The markets reacted immediately to this news, jumping from $106 to $113 in a matter of hours. It seems that the price is still rising fairly steadily. Personally, I would not suggest buying any more BTC at this point, as the price could drop dramatically any minute. However, if you want to bet that the price will go up even further, buy a small amount of BTC and see where it leads you. I'm expecting a crash back to $105 or so in a couple of days, but it's BTC, so who knows? $110 could be the new norm.

Remember, buy low, sell high. Take into consideration your trading platform's trade fees, as it can be significant.

All prices were based on Mt.Gox, as that's where I trade.

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Re: Current rise in BTC price

Post by devinthedev on Thu Aug 15, 2013 8:06 am

Drop in Price now...

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