Topic: 1 BTC now equals $630!!! - page 8. (Read 6629 times)

Me 4 weeks ago to anyone who would listen: "This is a great time to invest in Bitcoin the halving is coming and etc..."

Everyone I come into contact with: "HAHAHA ButtCoin",   "I work for a living I don't want to hear about your magic internet money",   "who are you? I don't know you, Get out of my house!"

My reaction : All hail bitcoin
My friend's reaction : Sell your bitcoin, NOW

I think price could be higher than now, so hold your bitcoin for now

right now is not too late to buy

and many here just mis the point, and have not done any research
the price is not going to magically jump on the halving date
the 6 months following the halving is what you need look at

If you look at the previous halving in terms of increase by percentage, we are not far off following a similar pattern.

The last halving (28/Nov/12)
The price had 140% increase from the price 6 months prior to the halving
and then had 900% increase 6 months post halving (after bubble)
May 2012 = $5
November 2012 = $12.50
(April 2012 bubble reached $230)
May 2012 = $125

July 2012 it did drop to $80 but then it did climb past $1000 in the following months before the price come down to $200 which was mainly due to mining farms popping up (and GPU mining becoming obsolete) and oversupplying the market.


Right now, the price is $630
and we have a month to go until the next halving on July 10th (roughly)
the price on January 15th This year was $358
(price was up and down around this time, but this day would probably give best value for this purpose)
so if the price was to increase by 140% it would come to $859
now looking at price very recently it does seem possible bitcoin could reach $859 by July 10th

So if bitcoin does follow the same patter as previous halving and does reach $859 by july 10th
Then we could also see it follow the same pattern for the 6 months following the halving
which would be a 900% increase on $859

which would give us $8592 by january 2017

even if the increase post halving is only half of previous halving, it would still be over $4000
but price now has already passed 70% increase (about 76% ATOW) on price 6 months prior to this halving

One thing to note though from previous halving is that there was a bubble within the 6 months post halving
which was nearly double but then also 9 months after the halving to price had dropped to just 400% increase

so if following same pattern a bubble would take BTC to about $16000, before the bubble bursts which may then take the price down to $4000 before it would start to climb again

I think this is one of the good sign that after halving the price of the bitcoin can skyrocket up to 1000$. I'm so excited now

I just checked preev.com to found this... I thought there is some kind of a bug or something since it happens sometimes.

It's probably time to start withdrawing your BTC from exchanges and websites like cloud mining platforms and like Coince.com ... Some of them will become greedy and won't have any issue scamming people.

Things are really getting crazy now. Has halving already happened or yet to happen ? I just hope no one dumps their stash now, and hopefully we will be able to reach 1300 again.

And price of bitcoin will going up more than $630, it will find new area of resistance. Last price on area support was $576. But it is just my opinion prediction of price use tecnical analysis.

i really dont think this is much.

If you are really in the Mining Buisness you know what i mean

LMAO, I went dyslexic for a moment and read $360. Was about to cry. Till I read it again.
Thanks for the scare buddy.

In before Coinbase and OKcoin shuts down because they been cooking the books to make more money.

(I have not one shred of evidence to back this up)  but that's not going to stop me Trust no one!

i see you as first people topost this,but its not matter even you are second or third person to post this,its shocking me and so many my friends, i wake up andmy friend told me about bitcoin price reach $630 its madness,i still not buy since last week
is too late to buy right now??

this is not very surprising thing that  bitcoin price reached 630$. i m speculating that it will reach above 1000$ in these 1-3 month or even before seeing the recent pump. so no need to panic. we just have to hold over bags and dump our coins at the right time.

Guys I just woke up and because I have Preev open in a tab on my Firefox browser so as to be able to check the price at a glance I briefly noticed the price was at $629 when I was walking by my monitor heading to the bathroom to brush my teeth and I almost didn't believe my eyes and thought I was still dreaming   What a really nice surpise on a Sunday morning. I guess we will have Bitcoin at $700-$750 by next week's end.

I only wish the price to stay below $650 for a few months to breath a little. The price is rising too fast, not very healthy.

when some people happy, there must be some people that regret because already sell bitcoin in cheap price 

Cant wait to see the exchange up at 700$ if that happens massive selling is next.
This rally seems exciting so be ready guys

Yup, this is suprising thing. Didnt expected if bitcoin price will be break $600 in this time. This is good news to people who already bought alot of btc when the price still was $580. Maybe btc price would hit $700 in the end of this month.

Did Mt Gox reopen?

My initial guess was that BTC will reach $600 at the time of halving or just after it. However, now I would increase my prognosis, I think we ll see about $800 which is enough for the investment frenzy to start. We ll see a lot of new people flocking into cryto and they will start buying ALTS!

This is a great speed and a pretty good growth for Bitcoin. because with the rapid growth makes people who haven't used it interested in benefits and advantages are given. Then, with the growth of the bitcoin would be so much more fun and profitable.