Bitcoins valued at over $30 per bitcoin now!

Wow. That’s pretty much all I can say. The recent growth of bitcoin has been nothing short of astronomical! I never would’ve guessed that back when I first found out about it this little “hobby e-currency” (what I thought of it at the time) would grow in value and popularity so fast. Now that I think about it some more I wish I bought more! Is now still a good time to buy some bitcoins? I think so but please don’t take this as investment advice – do your own research. However if this catches on even more it’s going to BIG, and I mean really big. My gut feeling tells me that I’ll see an exchange rate of $100 USD per bitcoin. Only 21 million bitcoins will ever be minted (by a process called mining – research it at the bitcoin wiki) so even if several million people start to use it you know it’s going to HAVE to go up in value.

Speaking of the bitcoin value, I found a really cool website that displays real time bitcoin market data. It allows you to see every trade that passes through the Mt. Gox exchange (currently the most popular and most established bitcoin trading market). Here is the link to the site:

http://bitcoin.clarkmoody.com/time-sales/

If you’ve got some spare bitcoin please consider donating a few bitcents to the author of that page – it’s extremely useful and nifty in my opinion.

Hope you found it useful. If there are any bitcoiners in the house please feel free to leave a comment.

Cheers,
Alan