Monday, November 18

Bitcoin price lately grow exponentially ?

Hello everyone,

As many of you know I'm big fan of Bitcoin and I think Bitcoin and its type crypto-currencies are future of "Payment Processors". Maybe big part of you do not follow Bitcoin lately, but lately price of it started to grow like rocket in sky. Of course not really exponentially (somehow close), but still I see now that on Mt. Gox it haas reached more then $600, what is 3 times more then it was worth one month ago. I have some words to day about this as well, just keep reading.



Actually I started to write tho article yesterday, but somehow I was not able to finish, but today I see that bitcoin price is again GROWING and GROWING. While huge amount of bloggers on internet are writing that now there is just big demand for it and it is normal that price is growing this fast, but somehow I think that it is just speculation to make people buy more.

I think many who follow Bitcoin remember that in start of April Bitcoin price started to grow really fast and then on 11th of April Mt. Gox suspended trading till 12th of April and price dropped, actually I also mentioned that in my article "Can Bitcoin be closed one day". After that Bitcoin price were staying stable for long time. I added also image below what explains how dramatically price dropped after this closing of trading.


I'm not saying that Mt. Gox will terminate trading again some time soon, but I think this is perfect moment to sell your Bitcoin and wait for some time while things will slow down. I'm quite sure price will drop after some time.

Of course it is just my speculation, but remember best "bubbles" are those ones when everyone is saying that there is no bubble. Might be I'm wrong about this and many people will just come rich from that price of their Bitcoin will grow, you never know.

David.
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