Sunday 9 June 2013

Bitcoin Low at $88

Bitcoin broke $90 earlier with a trough of $88 before climbing back to $91, situation is still very uncertain at the moment.  But from what I see, there are far more buyers than sellers.   I guess the worse is over.  But we need to monitor.  Bitcoin is extremely volatile due to the small size of its economy and relatively few users still.   We need to strengthen our Bitcoin community and encourage more transactions using Bitcoin and also raise the awareness of Bitcoin before the price can stabilize.

1 comment:

  1. nice post about bitcoin price which is helpful . moreover i want to include here about
    OlympicCoin (OLY) . Now a dyas it is very cheap OLY only has 58million coins in total and you can buy 1million of them right now for less than 1BTC... that means in a few weeks the 1million will be easily worth 10BTC! OLY developers are working on new projects