Bitcoin Price Update

[anaconda]

Looks like about a $10 bump in 24 hours. Debt ceiling influence?

Last price $151.00

https://www.mtgox.com/

 

[FSP-Rebel]

http://bitcoinmagazine.com/7615/bitcoin-breaks-1000-cny-rally-continues/
The rally continues, read up for the reasons why.

 

[muh_roads]

I think it also has to do with mining lark's discovering it is a mug's game and buying btc direct instead with their equipment refunds.

 

[anaconda]

I was told recently that Mt.Gox quotes are way too high. So I look at Coinbase for quotes now.

https://coinbase.com/charts

 

[jtap]

Bitcoins are worthless now that silk road is down /sarcasm

 

[fatjohn]

Ok, I'm in. Current total 1.14 BTC or approximately 0.00001% of all the Bitcoin in existance!

 

[anaconda]

$182.46 last sell price on Coinbase. 1:20 PM PST.

 

[dannno]

I took some advice on this forum a little while ago - since my bitcoin are just 'sitting there' why not throw a few into bitcoin investments? You can actually buy stocks, contracts and other types of investments in bitcoin miners and earn a dividend on your bitcoin, all while the value of bitcoin goes up. Might not want to put all your bitcoin into mining contracts, but it is kinda cool to be invested in bitcoin and also simultaneously earn returns on the bitcoin.

 

[kpitcher]

Banking problems in cyprus helped bring the price up earlier this year. JP Morgan having to pay 13 billion in fines with more possible have anything to do with it?

 

[dannno]

http://bitcoinmagazine.com/7615/bitcoin-breaks-1000-cny-rally-continues/
The rally continues, read up for the reasons why.

Chinese. Awesome.

 

[amonasro]

I took some advice on this forum a little while ago - since my bitcoin are just 'sitting there' why not throw a few into bitcoin investments? You can actually buy stocks, contracts and other types of investments in bitcoin miners and earn a dividend on your bitcoin, all while the value of bitcoin goes up. Might not want to put all your bitcoin into mining contracts, but it is kinda cool to be invested in bitcoin and also simultaneously earn returns on the bitcoin.

Just be careful about monitoring difficulty increases and the hashing power of whatever company you invest in. Good ones are reinvesting in next-gen asics.

 

[amonasro]

Almost to $200.

Bitcoin train is leaving the station...

 

[kpitcher]

Over 200 on some exchanges. It's nice to see your investments grow like this.

 

[muh_roads]

I'm wondering when the profit taking correction will begin.

 

[amonasro]

I'm wondering when the profit taking correction will begin.

Im wondering too, if any. It appears the Chinese are leading this one, but it's unclear how long or how big this bull market will be.

 

[Mahkato]

It disturbs my brain that numbers on a computer network are worth more than eight ounces of silver, but the market has spoken.

 

[amonasro]

What I'd really like is a quick way to get money over to CampBX. $15 arbitrage opportunity for someone with a good channel set up.

 

[anaconda]

Possibly plateauing right about now. Not a lot of movement in the last 12 hours or so.

 

[evilfunnystuff]

 

[amonasro]

Price is creeping back up, watch out when China wakes up again.