Uncategorized

Price of Bitcoin Continues to go Up — When Will it Stop?

Jayanand Sagar | October 23, 2013 | 2:31 pm
Uncategorized

Price of Bitcoin Continues to go Up — When Will it Stop?

Jayanand Sagar | October 23, 2013 | 2:31 pm

10-22-13-bitcoinity-215-chart

Here we are, another day. And yet, the price of Bitcoin continues its upward trend. Today, we’ve reached a high of $215.00 at Mt.Gox (as of this writing, of course). Just how high will the price continue to climb?

It’s anyone’s guess at this point, but it’s certainly looking like we’re in the beginning of a bubble here. Earlier this year, the price of Bitcoin reached as high of $266 before it’s ultimate decline to the high 70s-range.

What makes this interesting is that we’re unsure whether or not we’ll be able to break this year’s high. With the help from the Chinese — who are scooping up Bitcoins like no other — that just may be possible.

When do you think the Bitcoin climb will come to a halt this time around?

[image via Bitcoinity]

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