At the time of this writing the bitcoin price has risen by nearly 20 dollars, and is now hovering at around the $239 range. This is certainly good news; digital currency enthusiasts are jumping out of their seats as this is easily the highest climb they’ve witnessed in well over a month.
Bitcoin has been in a relatively unhappy and unpredictable mood these last couple of weeks, but now it appears that the tantrum may be subsiding, and things are back on track towards recovery. Obviously it’s only a 20 dollar increase we’re talking about and it’s probably a little too early to tell, but hey… We can celebrate a little bit, can’t we?
What is a little disheartening, however, is when one considers some of the remaining possibilities at hand. Let’s assume for a moment that bitcoin continues to jump an addition $20 each day following this unexpected rise. Sounds great, doesn’t it? A huge break from the massive and ugly drops we’ve been seeing all throughout January, but at the same time, even if such a rising streak does continue, it would still take months for bitcoin to reach the peak it was at in say, 2013 for example. Nearing the start of 2014, each bitcoin stood well over $1,100, and that my friends, was something that we could all really get excited about.
But then again we can’t get too discouraged… After all, things don’t just heal up and fix themselves overnight. Massive recovery, like what is presently needed is going to take time, and I think that if we’re able to stay calm and show the patience needed for a scenario like this, it won’t be long before we really have something to celebrate, and we can do so without inhibitions for a good while.
In the meantime, come on bitcoin; keep it going. We’re all rooting for you!