Blockchain (Bitcoin, Litecoin, Ether, Ripple etc)

The Dude

Bitcoin hit £2600 early this morning!

£500 this time last year..

HCK

Etherium also shot up to $340-$350

xafier

Where did you see £2600? ATH was just set at £2280 on Coinfloor

The Dude

Ah sorry it looks like we talk different numbers, I always look at the 'at the pump' price rather than market trading prices when I'm throwing numbers around.

It was £262x on localbitcoins and £2643 on Bittylicious at around 6am.

They're both showing around £2500 just now.

xafier

Looks like a bit of a correction last night, price is still good though

HCK

most of the crypto market took some hits yesterday, then recovered a bit.....doing a similar thing this morning.

QuestShield

Yeah these corrections are par for the course. Still doing nicely on my €2 grand investment in Ethereum a couple of weeks ago.

Synchro

Quite a pull back recently.

HCK

yeah, market cap lost roughly $20billion, but clawed some back.

The Dude

Yeah it's the nature of the beast, with bitcoin the long term price graph looks like a saw blade pointing upwards and has for the last 3  years now.

You seem get a big price hike every now and again which stabilises for a few weeks or so then corrects back again, 4 steps forward 3 steps back kind of thing. All to do with the big traders playing the markets I reckon.

There's some political stuff going on over in the states this week I hear which has started a few negative rumours, there always a slump when that kind of thing happens.

There certainly seems to be a rough correlation between bad global news and the upward price spikes, a good time to purchase is just after a North Korean missile test.