Bitcoin, at this time of writing trading around 700. What caught my interest yesterday is the slow increase in value over the last few months, toward the end of spring this year it got a huge boost, and it never really lost a significant amount of value ever since. Let's take a look at the chart below;
I know the time frame is pretty short in a gerenal sense, but this is why it makes it so attractive as being a 'sound' investment. Before the beginning of summer it hovered around 440 - 480 levels, then it was lift off to where were are now: 700. I'm seriously considering entering a buy, with a stop loss around 685 - too tight? Maybe, but I'm still cautious. I do think we are seeing an uptrend since the beginning of October. Bitcoin is certainly in the news a lot lately and perhaps is seriously now on it's way to become a world currency. More interest usually means more demand, and 700 may sound overpriced or expensive right now, but the way the trend is heading we might see Bitcoin trading over 1,000 next year. A perfect time to step in a buy this digital currency. It had enough time to show us it can maintain its value for a whole season, but still not to a point that is too late to make a good profit.