Hello, any of you still following the bitcoin price will have seen it hit £300 recently, and it's currently trading at around £290. This is a significant rise on the price when I first posted about this (I think it was about £230 at the time). The long term trend for months has been upward. Instability on the world's stock exchanges and currency fluctuations mean BTC is increasingly seen as a safe haven. In 2017, the hash rate to mine bitcoins will double (twice as slow to mine), making them that much more scarce as they move towards total amount that will ever be produced. I'd expect there to be a significant rise around this time.
For those of you wishing to diversify into digital currencies, I think Ethereum is the next best bet. It has the official backing of several major banks and its price has tripled in recent months. It could be the next bitcoin - which means that if you're interested, get in sooner rather than later. Don't forget, when bitcoin first starting trading it was only a few cents a coin, and even when I got on board it was only £10 a coin. At a current price of £290 a coin, that has to represent the best single investment available on the planet in recent years. Ethereum is currently relatively cheap. I just bought 0.5 btc's worth, which equals just over 18.6 ethereum - approx. £8 a coin. If it goes the way of of BTC, it could also be worth £290 a coin (or much more) in the next few years. At £8 a coin, it may be worth a punt anyway, for people with some spare cash.
For those of you wishing to diversify into digital currencies, I think Ethereum is the next best bet. It has the official backing of several major banks and its price has tripled in recent months. It could be the next bitcoin - which means that if you're interested, get in sooner rather than later. Don't forget, when bitcoin first starting trading it was only a few cents a coin, and even when I got on board it was only £10 a coin. At a current price of £290 a coin, that has to represent the best single investment available on the planet in recent years. Ethereum is currently relatively cheap. I just bought 0.5 btc's worth, which equals just over 18.6 ethereum - approx. £8 a coin. If it goes the way of of BTC, it could also be worth £290 a coin (or much more) in the next few years. At £8 a coin, it may be worth a punt anyway, for people with some spare cash.
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