Posts Tagged ‘Bitcoin exchange rate’

Bitcoin Price Reaching New Highs, Moving Past $850 USD

22, Dec 2016

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…

Bitcoin Exchange Rate Going Up, Targeting $500+ USD

28, May 2016

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The Bitcoin exchange rate has jumped significantly going all the way up to $500 USD on many EU and US-based exchanges and skyrocketing even higher on some Asian exchanges. The jump seems to be caused mostly the Chinese BTC markets driving the price up as as the national currency apparently suffers another devaluation and people are moving to investing their money in Bitcoins. The side effect from this jump in BTC exchange rate however is the drop in price for many altcoins that might suffer loosing some of their value, but it might be just temporary. This creates a good opportunity for profiting by doing some arbitrage trading between different exchanges and buying the right altcoins at the right price, it is risky, but might result in a good profit later on. Another thing that might be influencing the recent uptrend in the BTC price on exchanges is the upcoming block reward halving that should hit in about a month and a half around the start on July. So be smart and do trades carefully during this turbulent moment…

Bitcoin Going Up or Down, Nobody Knows for Sure

14, Jan 2015

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Today the Bitcoin exchange rate briefly dropped down to about $150 USD on Bitstamp, though shortly after that it rose back to over $200 USD. This was enough to scare some people to panic sell as usual and has sprouted new theories about the cryto currency failing or dropping down to sub $100 USD and so on. The fact is that lately the Bitcoin exchange rate was actively swinging with big jumps up or down and nobody knows for sure what is going to happen. This could be a result of the recently hacked Bitstamp exchange and almost 19000 BTC stolen that are being dumped on exchanges, or ponzi schemes that have stolen Bitcoins from users dumping them, or a result of big mining ASIC manufacturers (Cointerra) and cloud mining services such as CEX.IO stopping their mining operations. It could as well be none of the above or all of the above, but the majority of people that believe in Bitcoin and crypto currencies are not ready to give up on the idea. A lot of businesses however that are focused on mining for crypto currencies may suffer from the not so good exchange rate lately and we already are seeing very big companies in that area starting to get affected…


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