Holy, mackerel! Is it just me or did things get really hot overnight? Following a week of worrying and laying down in the dumps, bitcoin enthusiasts are thrilled to see that the price of bitcoin has jumped about $20, and is now hovering around the $255 range. This is excellent news, considering that for the last few days, bitcoin dropped down to about $236 from its previous stance in the mid-240s.
Perhaps we spoke too soon after all. For those of you who have been reading my previous articles, you know I’ve been heavily questioning the bitcoin stance. The price had been jumping up and down all during the previous week, only to fall down to the mid-230 range this week and hover there for what seemed like a small eternity. Ok, this is obviously an exaggerated statement, but in the bitcoin universe everything small feels like something big, and everything that’s big feels grand and huge, but now it appears that I may have to eat my previous words. A $20 jump overnight… Wow! This is great news, indeed.
Of course, knowing bitcoin it wouldn’t shock me if a few days from now or a week from now we see the price drop back down to 240 or something like that, and everyone is feeling shock and panic again, so I may have to correct myself in the near future as well, but for now, a $20 raise is easily something to celebrate and be happy about, so break out the champagne, boys! Bitcoin is rising back to the top! Let’s grab a front row seat to bitcoin’s success!