Bitcoin Tops $1,000 For the First Time

Posted by ryuzaki0 on Wednesday November 27, 2013 @05:36AM from the from-the-top-you-can-only-go-down dept.

An anonymous reader writes with this bit from The Next Web "Bitcoin hit a new milestone today, passing the $1,000 mark for the first time. The virtual currency is currently trading above the four-digit figure, with its highest at $1,030 on Mt. Gox, one of the largest exchanges. Last week, Bitcoin's high for the day was $632. That means its trading value has surged 62.83 percent in a week, assuming we're looking at just its high points. That figure could of course rise even further if Bitcoin continues to push further up throughout the day."

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Re:dammit... by brit74 · 2013-11-27 06:22 · Score: 5, Informative

They were at $90 five months ago. (Not sure why you're modded as "informative" when you're inaccurate.) https://coinbase.com/charts
Re:Sell now. by lgw · 2013-11-27 08:19 · Score: 4, Informative

"In the entire history of investing, there has never been anything like X before."
This was said in earnest in every single past bubble. Bitcoin's future is entirely determined by fashion - as it becomes more fashionable, price will go up, if people drop it like last-years boy band, it can go to 0.

--
Socialism: a lie told by totalitarians and believed by fools.