When I started trading in Bitcoins, the rate was above $300 but through some discussions on this forum, I noticed the price had crossed $1000. When was it and on what factors does this price depend on? Does it work the same way the stock market and forex operate? Also, what was the highest price bitcoin ever attained and the lowest price as well?
Currently the price is $287 and am waiting it to again reach atleast $300.
The all time high question isn't as simple as you would imagine. The Mt Gox all time high was $1242, but at the same time it was about $1153 on Stamp. Gox was higher than all the others for a long time as no one could withdraw from there so Gox coins could only be bought and not sold!
Hopefully it will be worth debating some time soon, but I would say Gox prices should be forgotten and the ATH is $1153