Posts Tagged ‘BTC

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…

bitcoin-over-400-usd-again

After hovering around $380 USD for quite some time since the beginning of this month, Bitcoin has finally moved past the $400 USD exchange rate again and is pushing to get higher. While BTC has been somewhat low in terms of price, but with a network difficulty that is continuing to grow rapidly with another 20 or so percent increase in the network difficulty right around the corner some altcoins have managed to do great. We are talking about Ethereum (ETH) that has had its price skyrocket to over 5 Euro and over 6 USD in the last days and that has also sparked some temporary, but huge interest in some of the Ethereum forks such as Expanse. The way things are moving with more big jumps in the difficulty and the second upcoming block halving this summer people are expecting to see Bitcoin doubling its price, but we are yet to see if that will happen this summer or not…

current-bitcoin-price-bitcoinwisdom

Lately we’ve seen the exchange price of Bitcoin exploding and yet again the driving force behind the serious spike seem to be the big number of Chinese people investing into BTC. While on the western Bitcoin exchanges the price is trying to reach a new high of about $380 USD per Bitcoin, we are seeing that the big Chinese exchanges are already very close to $400 USD. This simply means that other exchanges will most likely follow and we may even reach $400 USD exchange rate even later today and it might not be the end of the price increase. So you might want to keep a close eye on what is happening with the price of Bitcoin and take advantage of the best moment to sell some coins…


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