Bitcoin price reaches a record high for the first time since April

Everyone's quoting Mt. Gox eclipsing its previous high. However, it's pretty much impossible to cash out of Mt. Gox, and so it's trading at a premium to other exchanges. To this end, Mt. Gox beating its previous isn't an apples-to-apples comparison.

I&#x27;ve been in it since the first bubble in April and it&#x27;s surprising how resilient Bitcoin has become to negative news such as the seizure of 5% of all Bitcoins recently. There was a drop of 20%, but it had recovered from that after a few days already. Since then it has been on the up and up.<p>I think it&#x27;s pretty likely that 1 Bitcoin will be worth $1,000 within the next year and $10,000 within the next 3 years.

In April, I got in @ $220 &#x2F; BTC.<p>Yesterday, I got out @ $220 &#x2F; BTC.<p>I suck at this.

What&#x27;s the best Bitcoin exchange to buy with? In the early days I stayed away because a lot of the exchanges seemed to have really poor security, but it looks like it may be time to invest somewhere.

I&#x27;m happy about the rise, but I&#x27;m not fully counting this as a record yet. The Bitcoin exchange ecosystem has changed since April. MtGox started massively delaying dollar withdrawals, so the price there diverged from other exchanges. I&#x27;ll be watching Bitstamp (now at $254) for the real thing.

I think its due for another crash and I&#x27;ll wait until that happens. Plus with this Senate hearing who knows what could happen to the price after that.

It seems that Bitstamp has been much more stable than Mt. Gox lately, and interestingly hasn&#x27;t hit its all time high just yet.