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Topic: 320$ , what the hell is going on ? (Read 4285 times)

copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
November 09, 2015, 05:25:39 PM
#74
CHRISTMAS is going on.
The economy getting more money, meaning that the investors want to purchase more finantial gain: Bitcoin would be an example of ONE of their inevestments. Also, companies offering services for Bitcoin would increase in price!
newbie
Activity: 2
Merit: 0
November 07, 2015, 03:31:00 AM
#73
People need to sell now. At least a significant portion from their total. Or we might see a steady slump here. Fingers crossed it does not happen i hope.

If you do not believe bitcoin and just want to make profit from trading, then it is OK to sell now. Otherwise, it is better to hold some coins.
sr. member
Activity: 350
Merit: 250
November 07, 2015, 02:58:12 AM
#72
I was watching the price in coindesk chart and it jumped to 320 in Bitfinex.
I really don't know what is happening, someone is saying that china has started to buy bitcoins.
If we look 1 month from now we see that the diference is about $90 - $100
People need to sell now. At least a significant portion from their total. Or we might see a steady slump here. Fingers crossed it does not happen i hope.
hero member
Activity: 756
Merit: 500
November 07, 2015, 12:52:38 AM
#71
oh god, i read the title and got so scared Angry. bitcoin was high 390s in the morning how could it drop to 320, then i checked preev and its at like 380 right now so were fine  Grin. just hope it doesnt drop any lower tho.
legendary
Activity: 910
Merit: 1000
November 07, 2015, 12:52:10 AM
#70
Chinese and their capital controls. A very slippery ground to build BTC price growth on. This means this BTC price jump might just be part of a speculating trend.
maybe prince will come strong after this year and i think we never see again bitcoin price drop much again

with bitcoin i have learned to never take things for granted. if you think it can't go lower anymore, then it will go lower. the market is too volatile to think it won't drop a lot at some point.
Thanks for letting us know this, it gives me faith in knowing I can buy more. Just need to wait a bit longer and don't give in now at 377.
legendary
Activity: 910
Merit: 1000
November 07, 2015, 12:50:25 AM
#69
it feels good to see bitcoin above 300 again, i just hope everyone doesnt decide to dump at around 350, that'll drive the price back down to like 220. lets just hope the pattern continues and people dont dump
Actually I approve of the dump. I want it to drop down to 220 like you say so I can buy again  Wink
legendary
Activity: 896
Merit: 1000
October 31, 2015, 06:46:42 AM
#68
Chinese and their capital controls. A very slippery ground to build BTC price growth on. This means this BTC price jump might just be part of a speculating trend.
maybe prince will come strong after this year and i think we never see again bitcoin price drop much again

with bitcoin i have learned to never take things for granted. if you think it can't go lower anymore, then it will go lower. the market is too volatile to think it won't drop a lot at some point.
hero member
Activity: 714
Merit: 500
Me, myself and I
October 31, 2015, 06:41:09 AM
#67
Chinese and their capital controls. A very slippery ground to build BTC price growth on. This means this BTC price jump might just be part of a speculating trend.
maybe prince will come strong after this year and i think we never see again bitcoin price drop much again
legendary
Activity: 3542
Merit: 1352
Cashback 15%
October 31, 2015, 03:17:35 AM
#66
Chinese and their capital controls. A very slippery ground to build BTC price growth on. This means this BTC price jump might just be part of a speculating trend.

The impending capital controls seemed to push Chinese to convert their devaluing yuan into bitcoin. Imagine how many people there is in China and even a hundredth of their population that convert into bitcoin would surely make an impact.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
October 31, 2015, 03:06:28 AM
#65
Chinese and their capital controls. A very slippery ground to build BTC price growth on. This means this BTC price jump might just be part of a speculating trend.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
October 31, 2015, 01:58:39 AM
#64
the price will most probably not grow too much more

Give us compelling reasons rather than leaving us hanging with your dramatic pronouncements.

The bubbles are common in economy, no matter about what we would be talking. Price rapidly grows and usually after some time goes down. Nevertheless,  let's egoistically think that the price of BTC will slowly grow or stabilise.

No matter how many bubbles we have with the price of bitcoin, btc is here to stay.

Remember the late 90's and early 2000s bubble on the stocks of internet companies? While some of these companies are gone by now, some are still alive and kicking, they're values have even grown over time.
legendary
Activity: 1806
Merit: 1164
October 30, 2015, 07:20:45 PM
#63
No one is able to see the future and know for certain what the price of bitcoin will be next summer. It takes time for confidence to be restored and memory to fade after the bear market of 2014.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
October 30, 2015, 07:13:30 PM
#62
I am getting to the slow recognition that after next June, the price of bitcoin will pass the £1000 mark (Which it has never done before!).

There may be other bugs along the way but they may not affect the price as much as the TX bug. (which forced the price to fall by £60 in a night!). Was on preev before for about 10 minutes and saw a peak or £210)
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
October 30, 2015, 07:08:28 PM
#61
Some big whales are pumping the price before the november. Don't forget to make money on the bull run Wink
hero member
Activity: 658
Merit: 500
October 30, 2015, 07:03:01 PM
#60
the price will most probably not grow too much more

Give us compelling reasons rather than leaving us hanging with your dramatic pronouncements.

The bubbles are common in economy, no matter about what we would be talking. Price rapidly grows and usually after some time goes down. Nevertheless,  let's egoistically think that the price of BTC will slowly grow or stabilise.
legendary
Activity: 2590
Merit: 3008
Welt Am Draht
October 30, 2015, 06:55:11 PM
#59
the price will most probably not grow too much more

Give us compelling reasons rather than leaving us hanging with your dramatic pronouncements.
full member
Activity: 238
Merit: 100
October 30, 2015, 06:52:34 PM
#58
the price will most probably not grow too much more
hero member
Activity: 560
Merit: 500
October 30, 2015, 06:47:38 PM
#57
It actually is probably due to the halving, the last run up started 6 months before the 1st halving. I don't see why it should be different this time. Decreasing daily money creation by 50% is a HUGE deal.

The halving is over 8 months away, though.

What's this halving you speak of?

Don't you mean, "The Halvening?"

 Grin
legendary
Activity: 1762
Merit: 1010
October 30, 2015, 04:00:18 AM
#56
It actually is probably due to the halving, the last run up started 6 months before the 1st halving. I don't see why it should be different this time. Decreasing daily money creation by 50% is a HUGE deal.

The halving is over 8 months away, though.
legendary
Activity: 1386
Merit: 1058
October 30, 2015, 03:45:58 AM
#55
PANIC BUYING is going on! Positive news from Europe, positive news from China, negative news from Russia (noone cares) and halfing is half a year or so away.

panic buying is good rather than planning for dumping. The news behind are good enough for making people to consider the buying of bitcoin. May be that initial push wave get multiplied into a strong wave. I believe soon we will see higher prices like $500 or $600.
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