The price hit $499.95 on Coinbase last night, and has now pulled back to around $460. That's "only" up 13% over 24 hours!
One challenge to the conventional wisdom about Chinese evading capital controls is that while the price was slowly increasing for several months, it really began skyrocketing when the EU announced its' decision to treat bitcoin as a currency (and thus not subject to a VAT tax.) True, most of the trading volume is in China, but that's been true for a long time. (As have suspicions that the Chinese trade volumes are inflated.)
Ping!
Would anyone be interested in a simple starter guide on how to buy bitcoins (or get modest amounts for free)?
If bitcoin is so good, why is it measured in dollars? Dream on crazy wonks.
Just sold at $277. Typical me.