Bitcoin Price - 12/7/13 December 7, 2013

Bitcoin Price - 12/7/13 December 7, 2013

The price of Bitcoin continues crash on Saturday.  Bitcoin dropped from $950 to $580 in the past 12 hours but has since rebounded back to $750.  Since the high around $1250, Bitcoin has been down 55% in a few days at one point.  The volume really spiked yesterday when everyone was selling between $850-$900.

Bitcoin is an open sourced peer to peer digital currency that is popular with drug deals because most people say it cannot be traced.  Recently, speculators have been buying Bitcoin with the hope to strike it rich.  There is no telling yet if this thing is for real or will turn out to be a fad like rare earth metal stocks were.

Reporting live from Mt Gox, I'm Tim. Stay classy Bitcoiniacs.

Follow me on Twitter - @stockstobuy

Bitcoin Price - 12/6/13 December 6, 2013

Bitcoin Price - 12/6/13 December 6, 2013

The price of Bitcoin was volatile today with the trading system at Mt Gox showing a lag time of over 80 minutes.  Over the past 24 hours Bitcoin has dropped from $1,155 to $800.  At the time of this Bitcoin report, Bitcoin is trading at $917.

I was watching the big drop and while the system backed up for while, the price of Bitcoin stabilized in the low $800's and there seems to be strong demand down there.  Bitcoin has bounced three times in the past week in the $800's.

Reporting live from Mt Gox, I'm Tim. Stay classy world.

Follow me on Twitter - @stockstobuy