Where Is Bitcoin? A Look At Some Analytical Data #bitcoin

Where Is Bitcoin? A Look At Some Analytical Data

Where Is Bitcoin? A Look At Some Analytical Data #bitcoin

The question that can be asked now is: where is Bitcoin now? Is the Bitcoin economy headed for another recession, not quite as severe as that of $2011 but which may still bring the price to $5-$8, is Bitcoin continuing to take off behind the scenes, or is the reality somewhere in between? There are many ways to answer this question. One way is to look at the projects that are currently being developed in the Bitcoin community. One can, for example, see that a number of competing businesses are releasing ASIC-based Bitcoin mining hardware, that BitInstant is coming out with a Bitcoin debit card, that WordPress has started accepting Bitcoin , and that in September Bitcoin received its first inklings of government approval , and use that information to conclude that Bitcoin is doing great and will only continue to rise through 2013. Alternatively, one can take a dimmer view a...

Full article: http://bitcoinmagazine.net/where-is-bitcoin-a-look-at-som...

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