Re:Bitcoin about to cross $11,000
by Klathmon on Wednesday November 29, 2017 @07:23AM
(#15806245)
>The previous bitcoin peak was around $1000 and followed by a looooooooooong winter.
That was mostly caused by an exchange at the time (MtGox) going under. The price increase was because bitcoin was the only way people could get their money out of the exchange, so you had to buy to transfer it out.
That was mostly caused by an exchange at the time (MtGox) going under. The price increase was because bitcoin was the only way people could get their money out of the exchange, so you had to buy to transfer it out.