Bitcoin goes exponential, tops $1000 in China market

Posted: November 18, 2013 in Investing
Tags: , ,

As of writing, 6888 Yuan/BTC. That’s USD$1130.

We’re exploring arbitrage opportunities as other exchanges lag at 834 and 724, respectively. More than 30% return per cycle, if you can catch it before it breaks, and have a way to move your money through China.

bitcoin

Comments
  1. Mike says:

    There’s no way I would buy Bitcoin unless it was to buy illicit merchandise off of Sheep, which I’ve decided I’m too scared to do. (Even the thought of being locked in a cage scares me.) I think in this economic situation, holding cash is the worse thing one can do. What’s even worse about Bitcoin is that one can’t ever hold them. They’re virtual. If there’s a power outage, they disappear. I’d rather own a piece of land, firearms, ammunition, livestock, vehicles, fuel, food, or alcohol. All these things are easily converted to whatever fiat currency is being used to trade with.

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