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Yesterday, while a connected with banks were closed, Bitcoin decided to get another major psychological barrier, and now is trading at above $100 USD per coin. At the moment, Bitcoin is trading at $118 USD/BTC. Hard work very little resistance to assist price increases, so expect the associated with bitcoin to go up very rapidly over another few a couple of months. These are also record highs for the currency. You can watch the price of Bitcoin rise and fall here, as well as see what the record books for asks and bids are, assist you determine how easily there must be to move the price to a point.
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12/1: Strategy With Kristy: Jonathan Little Returns - Jonathan Little makes another appearance on Strategy With Kristy podcast to regarding the value of thinking on. [Visit Website] [Download MP3].
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Other details released on Wednesday show the Fed's expansion of the monetary supply is possessing their desired effect of accelerating prices inside the rate of 2 Bitcoin Mining percent per year, using latest projections predicting increases of 0.2-1.3 percent for 2013, 1.5-1.7 percent for 2014, 1.7-2.0 percent for 2015, and first.9-2.0 percent for 2016. The projected annual rise in gross domestic product (GDP) for 2013 and 2014 was revised downward through the June projection, with the 2013 projection dropping to two.0-2.3 percent from 2.3-2.6 percent, and the 2014 projection dropping to two.9-3.1 percent from 3.0-3.5 percent.
The move was an unexpected to investors, who was basically expecting a taper right down to between $65 billion and $75 billion per month based on comments that is caused by Federal Reserve Chairman Ben Bernanke in June.
