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Author Topic: Bitcoin price crossed $1000 again  (Read 2832 times)

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Offline Bit_manTopic starter

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Bitcoin price crossed $1000 again
« on: January 10, 2014, 08:22:56 AM »
 "The price of one Bitcoin briefly broke back through $1,000 on the Mt. Gox exchange today. The first time the price of bitcoin reached this level was on 27th November after interest in the cryptocurrency spiked across the world, but primarily in China. A few weeks later, the price started to tumble after China’s central bank imposed restrictions on the involvement of the country’s banks and third-party payment processors in bitcoin.
 Despite new severe restrictions in China, Bitcoin has benefitted from several recent high-profile endorsements. Fortress Investment Group announced it was starting a Bitcoin fund, and a US Congressman is looking to accept Bitcoin in his Senate race. And financial services firm Wedbush recently identified publicly traded companies that stand to gain from the rise of Bitcoin.
 Bitcoins, which exist as software and aren’t controlled by any country or banking authority, surged to about $1,119 on the exchange today, one of several markets where they are traded for dollars, euros and other currencies.
 Bitcoins first crossed the $1,000 threshold in late November and reached record at $1,238 on Mt.Gox on Dec. 4, but then plummeted to as low as $640 after China’s largest online market for the virtual currency stopped accepting deposits. The digital currency has rebounded as more merchants accept Bitcoins for everything from Gummi bears to smartphones on the Internet. Zynga is the latest merchant to accept Bitcoins, which can be used to buy virtual items in games.
“Bitcoin has been remarkably resilient in the face of all the bad news out of China,” Nicholas Colas, chief market strategist at ConvergEx Group, wrote in an e-mail. “The strength shows a continued interest, which is a very positive sign.”
 Bitcoin was trading for about $13 a year ago, before wider acceptance and speculators drove prices higher. The rally gained steam in October, after regulators shut down the Silk Road Hidden Website, where people could obtain guns, drugs and other illicit goods using Bitcoins. That generated optimism the digital money would become more widely used. In November, law enforcement and securities agencies said in US Senate hearings that Bitcoin could be a legitimate means of exchange."

The original article newbielink:http://voiceofrussia.com/news/2014_01_06/Bitcoin-price-crossed-1000-again-6498/ [nonactive]


Offline SUEhoward

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Re: Bitcoin price crossed $1000 again
« Reply #1 on: January 13, 2014, 07:04:40 AM »
I remember the last time I checked, price plummeted at $250 USD and I was surprise when it skyrocketed at $954 at BitStamp, $974 at CampBX and hit $1000 in the last 3 days. WOW! This is a huge milestone in digital currency history.
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Offline seanwilliam1988

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Re: Bitcoin price crossed $1000 again
« Reply #2 on: February 05, 2014, 05:10:24 AM »
Despite the huge increase of bitcoin value, many people are still afraid of this currency. Now that there are a lot of controversies going around about this coin, it’s hard to tell if it’s going to be in circulation in the months or years.
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Offline dailycoins

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Re: Bitcoin price crossed $1000 again
« Reply #3 on: February 15, 2014, 10:13:36 PM »
Thanks for sharing. I think that Bitcoin and cryptocurrency all together is here to stay. Price isn't going to stabilize anytime soon though...
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Offline reymarkperry

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Re: Bitcoin price crossed $1000 again
« Reply #4 on: February 19, 2014, 08:09:00 AM »
“I think that Bitcoin and cryptocurrency all together is here to stay.” - I agree with you. This article from bitcoindaily.com will prove it: http://bitcoindaily.com/the-big-guys-have-spoken-bitcoins-are-here-to-stay/
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