Bitcoin Reaches New All Time High

Over the last 24 hours there has been a mad flurry of activity within the Bitcoin market, first we see Bitcoin go on a huge run and break the $5000 barrier. Then I wake up in the morning to find out that Bitcoin peaked at $5854!!

I was amazed and shocked, $5000 was enough for me I really did not think we were going to carry on and run nearly to six thousand. I see six thousand dollars being really achievable now before the end of the year, although I will wait before I make anymore decisions and see what Bitcoin Gold will do to the price. I am expecting it to dip, not massively but I think we will see a dip mainly because people are stocking up on Bitcoin so they can claim their own Bitcoin gold. Then once they have sold their Bitcoin Gold (which I believe most people will dump straight away) they will re invest their money into altcoins and they will see a huge push in price

The altcoin market is slumped at the moment what with Bittrex having some strange goings on as we saw everything on Bittrex drop in price, and also like I said above people selling off their altcoins to have as much Bitcoin for the Bitcoin Gold Drop.

Could we really see peoples predictions of $10k next year become true? I really think it will depend on how the 25th October pans out

Dont forget if you are looking to buy some Bitcoin check out our top places to buy from here

Back To Life

Ok... So after a couple of years of downtime with BTC hitting a massive low and the community around the mining world growing smaller with that I decided to leave the big wide world of Bitcoin. Now a couple of years away I have returned and have the same bug as I first did when I first discovered it, I still have a few of my old USB sticks that I have dusted off and began mining again A few people have said to me "whats the point?"
  Well for me its more of the hobby side I enjoy, I like puttin my little miners to work and seeing everything working. Things are ALOT more tougher now and I mean that, be prepared to not make much money (unless you have free electric) but if you are looking for a cool hobby then we could be the place to check out.

Quite a few things have changed in the years I have left the BTC world, a few of the BIG BIG players in the miner making world have now dissipated or been declared bankrupt. The mining machines have moved on vastly and BTC is getting more and more difficult by the day, but with this happening the value of BTC has now risen quite a bit. At time of writing it is at $622 which is amazing and with the "halvening" happening this Saturday could we see a big spike? Lets hope so

A few things to look into that we hopefully will be writing about

Ethereum has brought back GPU mining in a big way but is progressively getting harder
BTC Jam has provided me with some reward but still lots of red non payers
USB miners are cool again? (for us hobbyists) :D