Nothign belos shoudl be viewed as investment advice…The Bitcoin price has to be viewed on a global scale.Whilst we have exceeded most all-time highs in the West, in China - where most bitcoins are traded and mined the peak was at 8888 Yuan and still has to be hit.In itself this number also shows the dangers of crytpocurrency investment - there is horrendous manipulation - 8888 is very very lucky in China.In order for Bitcoin to go through this barrier it will be a BIG psychological barrier in China, because this number will no longer be the all time high.The current bull-run is driven in part by the upcoming decision by the regulators for the Winklevoss brothers EFT ruling - providing a regulated structure to invest in bitcoin.If is approved (decision expected by Mach 11) it could push the all-time high in China as well.The markets are unregulated and therefore subject ot manipulation - so be very cautious in your endeavours and do your own research.Tim leaAuthorDown The Rabbit Hole(Finally a blockchain book in plain English!)According to CoinDesk’s BPI combined index the current high was achieved on 23 February 2017 $1,204.99.

The previous high according to the index was $979.45 achieved on November 25, 2013.The reason, anticipation of a positive result of the confirmation of the bitcoin ETF.The market the ETF is pitched at will not be excited about this development and initial uptake will be insignificant.Anyway, that’s my opinion.Current price is the highestHere's chart showing price on the biggest exchange market from the beginning of Bitcoin: Bitcoin Charts / Charts_ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 7 down vote favorite 3 If Bitcoin trading never stops then what does it mean when news sites and others talk about bitcoin opening or closing at a certain price, and why is this terminology used?bitcoin aml risksCould two people mean different things when they talk about the closing price at the same date?bitcoin book of revelation

(apart from price differences between exchanges) exchanges trading market up vote 4 down vote In 24 hour markets High and Low usually mean "highest/lowest price in last 24 hours".Open and Close indeed don't make sense.Probably the time the journalist/writer woke up or went to bed adjusted by an arbitrary amount of time to fit the story.up vote 2 down vote Traditional markets are not open for trade all day, so the opening and closing price refer to the first and last price of the day.bitcoin sportsbook bonusThey are used as measurements for the trading activity of a day.bitcoin casino with faucetSince Bitcoin exchanges are open 24/7, I would expect the opening price to refer to the price at midnight and the closing to refer to the priceat 23:59:59 in the exchange's respective timezone.kurs bitcoin pl

Since closing of the previous day is essentially the same as opening of this day, some pages such as e.g.CoinDesk only show the closing values for the historical data.Closing price should always be the last price of the day, so it should be unambiguous.up vote 1 down vote For the Gemini exchange the closing price is at the time of their daily auction at 4pm ET.You can read more about the auction here: /marketplace/ And why it is considered their "end of day" price here: /winklevoss-exchange-gemini-bitcoin-auctions/ with a quote from one of their founders.litecoin gpu miner softwareup vote 0 down vote I only know about one exchange for sure but I'm pretty confident this is a widespread concept and applies to many other exchanges, too.https://www.bitcoin.de uses candlestick charts.These charts exist in traditional markets, too.There, a candle stick typically represents 1 day.

That day has among others an opening and a closing price.Note that the closing price December 29th doesn't have to be the opening price of December 30th and the opening price of December 29th wasn't necessarily the closing price of December 28th, in such markets.In fact, it's fairly unlikely that these prices are the same.Its candlesticks are different.First of all, they have different sizes depending on the length of the period of time the diagram shows.In the 48 h chart, they only are 15 minutes wide.In the 1 Y chart, they are as wide as in old markets: 1 day.In the 5 Y chart, they are a week wide.Furthermore, the closing price of one candlestick is always the same as the opening price of the next one.This is because they simply slice time up on the clock (00:00, 00:15, 00:30, etc.)or calendar (December 29, December 30, December 31th, etc.).Every time slice's opening price is the price when that time slice started and its closing price is the price when it ended.Because the one time slice begins right when the one before it ends and price is is simplified to a function of time, the opening price of a slice must always be the same as the closing price of the previous one.

Browse other questions tagged exchanges trading market or ask your own question.From a distance, the world's largest bitcoin exchange looked like a towering example of renegade entrepreneurism.But on the inside, according to some who were there, Mt.Gox was a messy combination of poor management, neglect, and raw inexperience.Its collapse into bankruptcy last week – and the disappearance of $460 million, apparently stolen by hackers, and another $27.4 million missing from its bank accounts – came as little surprise to people who had knowledge of the Tokyo-based company's inner workings.The company, these insiders say, was largely a reflection of its CEO and majority stake holder, Mark Karpeles, a man who was more of a computer coder than a chief executive and yet was sometimes distracted even from his technical duties when they were most needed."Mark liked the idea of being CEO, but the day-to-day reality bored him," says one Mt.Gox insider, who spoke on condition of anonymity.Last week, after a leaked corporate document said that hackers had raided the Mt.

Gox exchange, Karpeles confirmed that a huge portion of the money controlled by the company was gone."We had weaknesses in our system, and our bitcoins vanished.We've caused trouble and inconvenience to many people, and I feel deeply sorry for what has happened," Karpeles said, speaking at a Tokyo press conference called to announce the company's bankruptcy.This would be the second time the exchange was hacked.In June 2011, attackers lifted the equivalent of $8.75 million.Bitcoin promises to give a bank account to anyone with a mobile phone, no ID required.It's clearly an amazing and potentially world-changing technology – the first viable, decentralized, reliable form of digital cash.It could democratize international finance.But it's also a technology that was pushed forward by a community of people who were unprepared or unwilling to deal with even the basics of everyday business.A new wave of entrepreneurs may bring the digital currency a new level of respectability, but over its first several years, bitcoin has been driven largely by computer geeks with little experience in the financial world.

The most prominent example is Mark Karpeles.The Mt.Gox offices in Tokyo.The 28-year-old Karpeles was born in France, but after spending some time in Israel, he settled down in Japan.There he got married, posted cat videos and became a father.In 2011, he acquired the Mt. web domain in 2007 with the idea of turning it into a trading site for the wildly popular Magic: The Gathering game cards.He never followed through on that idea, but in late 2010, McCaleb decided to repurpose the domain as a bitcoin exchange.The idea was simple: he'd provide a single place to connect bitcoin buyers and sellers.But soon, McCaleb was getting wires for tens of thousands of dollars and, realizing he was in over his head, he sold the site to Karpeles, an avid programmer, foodie, and bitcoin enthusiast who called himself Magicaltux in online forums.Karpeles soon set about rewriting the site's back-end software, eventually turning it into the world's most popular bitcoin exchange.A June 2011 hack took the site offline for several days, and according to bitcoin enthusiasts Jesse Powell and Roger Ver, who helped the company respond to the hack, Karpeles was strangely nonchalant about the crisis.

But he and Mt.Gox eventually made good on their obligations, earning a reputation as honest players in the bitcoin community.Other bitcoin companies had been hacked and lost customer funds.Most of the time, they simply folded.But Karpeles and Mt.likes to be praised, and he likes to be called the king of bitcoin"–Mt.Gox insiderAs bitcoin prices took off, jumping from $13 at the start of 2013 to more than $1,200 at its peak, Karpeles, as Mt.Gox's largest stake holder, appeared to become an extremely wealthy man.Gox did not offer company equity to employees, and by the time of the most recent hack, the company had squirreled away more than 100,000 bitcoins, or $50 million.Karpeles owns 88 percent of the company and McCaleb 12 percent, according to a leaked Mt.Gox business plan.When Karpeles was interviewed by Reuters in the spring of 2013 – seated, inexplicably, on top of a blue pilates ball – he was a major player in the bitcoin world.He had ponied up 5,000 bitcoins to help kickstart the Bitcoin Foundation, a not-for-profit bitcoin software development and lobbying group, where he was a board member (he has since resigned).

And, according to insiders, he thought nothing of dropping the business of the day to order flat screen TVs or $400 lunches for the staff of Gox's expanded Tokyo headquarters, which now occupies three floors of a modern office building in the city's Shibuya neighborhood."He likes to be praised, and he likes to be called the king of bitcoin," says another insider who spoke on condition of anonymity."He always talks about how he's a member of Mensa and has an above-average IQ."Butbeneath it all, some say, Mt.Gox was a disaster in waiting.Last year, a Tokyo-based software developer sat down in Gox's first-floor meeting room to talk about working for the company."I thought it was going to be really awesome," says the developer, who also spoke on condition of anonymity.Soon, however, there were some serious red flags.Mt.Gox, he says, didn't use any type of version control software – a standard tool in any professional software development environment.This meant that any coder could accidentally overwrite a colleague's code if they happened to be working on the same file.

According to this developer, the world's largest bitcoin exchange had only recently introduced a test environment, meaning that, previously, untested software changes were pushed out to the exchanges customers – not the kind of thing you'd see on a professionally run financial services website.And, he says, there was only one person who could approve changes to the site's source code: Mark Karpeles.That meant that some bug fixes – even security fixes – could languish for weeks, waiting for Karpeles to get to the code."The source code was a complete mess," says one insider.By the fall of 2013, Mt.Gox's business was also a mess.Federal agents had seized $5 million from the company's U.S.bank account, because the company had not registered with the government as a money transmitter, and Mt.Gox was being sued for $75 million by a former business partner called CoinLab.customers complained of months-long delays withdrawing dollars from the exchange, and Mt.Gox had tumbled from the world's number one bitcoin exchange to position number three.But Karpeles was obsessed with a new project: The Bitcoin Cafe.

Inspired by a French bistro, it would be a stylish hang-out located in the same building as the Mt.Gox offices, a very-new-looking building of metal and glass within walking distance of Tokyo's largest train station.You could drop by for a beer or some wine, and – using a cash register proudly hacked by Mark Karpeles – you could buy it all with bitcoin.When WIRED tried to meet with Karpeles and Mt.Gox at their offices this past October – and a company representative turned us away, saying that legal reasons prevented Mt.Gox from talking to the press – the placard in the lobby of the building already identified the cafe.This company representative said it would open by the end of the year.It never did.One insider says that Mt.Gox spent the equivalent of $1 million on the cafe venture, renovating Mt.Gox's office building to Karepeles' specifications.At a time when Gox's business was falling apart, this insider says, the project was a major distraction."[Karpeles] was super-proud of being able to use his hacked cash register with the code he wrote," this insider says.Says another insider: "Aside from the cafe, he liked to spend time fixing servers, setting up networks and installing gadgets... probably distracting himself from dealing with the real issues that the company was up against."Then,

in February, the company's fortunes took another turn.Gox stopped paying out customers in bitcoins, citing a flaw in the digital currency, and after days of silence from the company, protesters turned up outside its offices, asking whether it was insolvent.According to a leaked Mt.Gox document that hit the web last week, hackers had been skimming money from the company for years.The company now says that it's out a total of 850,000 bitcoins, more than $460 million at Friday's bitcoin exchange rates.When bitcoin enthusiast Jesse Powell heard this, he was reminded of June 2011.After Mt.Gox was hacked for the first time in summer of 2011, a friend asked Powell to help out, and soon, the San Francisco entrepreneur found himself on a plane to Tokyo.After landing, he rushed to Shibuya station, where he was met by his friend, Roger Ver, one of the world's biggest bitcoin supporters who just happened to live across the street from Mt.Without bothering to drop off Powell's bags, the two rushed to the Mt.

Gox offices to see what they could do.They worked through the week with Karpeles, other employees, and a handful of other bitcoin enthusiasts.They answered support inquires, did troubleshooting on the site, and tried to support the tiny company in any way they could.At one point, Powell rushed to the Apple store and came back with $5,000 worth of computers that could support the cause.But two days later, the site was still offline.Ver and Powell were set to work through the weekend, but when they arrived at the company's tiny office that Saturday, there was a surprise.Mark Karpeles had decided to take the weekend off.The two volunteers were flabbergasted."I thought that was completely insane and demoralizing for the rest of the team," Powell remembers.On Monday, Powell says, Karpeles did return to work, but he spent part of the day stuffing envelopes."I was like: 'Dude why are you doing this?You can do this anytime.The site is offline.You need to get the site online.'"Powelllast met with Karpeles in January, before news of the latest hack broke.