Posts Tagged ‘Bitcoin price

The last couple of days were very good not only for the many altcoins that are rising in value, but also for Bitcoin as the crypto currency has pushed past the $1500 USD price point and seems to by trying to reach new heights every day. Not that we are complaining, however there are concerns regarding this serious peak as if it is a bubble getting ready to burst. The enthusiasm regarding crypto currencies such as Ethereum, ZCash and Litecoin as well as many other altcoins is nice and all, but we are seeing some overblown in terms of proportions ICO sales and that is also a reason for some concerns. On the positive side, if this trend continues we might be able to see new highs for BTC and other coins earlier than some optimistic predictions about prices…

bitcoin-price

The Bitcoin exchange rate is on the bull run at the moment reaching new high moving past the $850 USD mark and maybe even trying to test $900 USD in the next couple of days. Of course as it usually happens when BTC is on the rise pretty much all other altcoins are going down, so no surprises there either. We are still not as high as the price from a few years ago during the MtGox crisis that has artificially increased the exchange rate of Bitcoin, but still things are looking very positive. At the moment predictions for a price of $1000 USD or more during early 2017 do not seem too pessimistic, even $2000 USD by the end of the next year is not so far fetched anymore.

To keep a track of the up tod ate exchange rates of Bitcoin and other altcoins on Bitcoinwisdom…

btc-price-over-700-usd

There is still a month before the second Bitcoin block reward halving occurs, but the last two weeks or so the exchange rate of Bitcoin has been steadily increasing from a little over $400 USD to over $700 already. The driving force behind this a bit unexpected significant increase is considered to be the Chinese markets that have been quite active lately with a lot of people buying bitcoins as a means of investment instead of keeping their fiat money (getting devaluated) or investing in other more traditional means such as stocks or gold for example. With this serious increase in price even before the halving of the block reward (the second one for Bitcoin) some of the people that jumped in early have managed to already get a nice profit. The big question however is how high will the BTC price go before the halving occurs and after it happens early next month…


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