BREAKING BITCOIN NEWS – Bitcoin price breaks $630 overnight!

in bitcoin •  8 years ago  (edited)

Overnight demand, probably from Asia has driven the Bitcoin price beyond the $600 dollar level and the price is currently trading at

$634.00 with more movement looking very likely.

Watch the video below to get updated on the latest chain of events in the Bitcoin saga.

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Absolutely!!! The price today is super CHEAP!

Woohoo!

While respecting all the excitement, it's worth noting that bitcoin, when viewed as a monetary system, is the most inefficient system that ever existed. Currently its operation cost stands at staggering $2 million per day, which is $11 per transaction and more than 95% of the transaction volume serves just one pointless purpose: to speculate on its own price.

Exciting news! - What is the outlook going forward?

Up, up and up :D. $1000 by November-January...

I won't be surprised if that is a low estimate :-)