What can I say, one bitcoin will today set you back more than $500, its phenomenal. Is $1000 far fetched ? Got to say no. Although price might collapse then re-spike before then. Or not…
Heres how it looks on a chart showing the price since 2012 with 1 week candles.
Does that look insane or what?! However on a log chart it looks a lot more sensible, at least at first glance. Heres an all time chart showing the price climbing from about zero to $500
I’ve been reminded by ‘ockolz’ in the comments about my prophecy fullfilled, back when bitcoins were priced at about $32 each.. which was only last February by the way I wrote the following post bitcoins could reach 500 dollars
Naturally I have to take the chance to gloat a little bit. Even though it sounded quite crazy even to me as I wrote it, looking at the log charts and comparison with the 2011 bitcoin bubble I had to conclude that bitcoins could reach that dizzy height, as they now have
I finished that post by saying:
“If the price was to take off as it did in 2011 and spike up to the same trendline what was $32 back then is more than $500 today. Quite a thought. I’m thinking it might be time to load up on bitcoins while they’re cheap!”
If you have done that, then congratulations you’ve done even better than if you’d invested the money in an ISA !!! (apologies for repeating that joke couldn’t resist)