Viewing the data from Bitcoin Charts, one can see that during the first few months Bitcoin was released, the price was a mere $3/btc. Just last year, the price was averging $5-10/btc.
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| Chart taken from BitcoinCharts.com |
Thursday, 14 March 2013
Bitcoin Prices Rocket Sky High
Among recent news, the value of Bitcoin has reached record highs. As of March 14, 2013, the price on Mt.Gox is USD $47/btc. Now, the question is, should you sell now?
Viewing the data from Bitcoin Charts, one can see that during the first few months Bitcoin was released, the price was a mere $3/btc. Just last year, the price was averging $5-10/btc.
With the steep upwards slope at the right side of the graph, there's a good chance of a steep downwards slope sometime in the future. But who knows, maybe the steep upwards slope will continue.
Viewing the data from Bitcoin Charts, one can see that during the first few months Bitcoin was released, the price was a mere $3/btc. Just last year, the price was averging $5-10/btc.
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