320$ , what the hell is going on ? - page 2.

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: tvbcof on October 30, 2015, 03:39:58 AM

Quote from: OmegaStarScream on October 29, 2015, 12:27:01 PM

It's something ~320$ according to preev.com , 321$ at Bitfinex as-well .

I'm not saying it's bad but I'd like to know what the hell is going on here , please don't tell me it's halving because I'm more then sure it's not , why would people agree ot start buying in same period of time in the first place ? that wouldn't make sense .

...

My guess is that the damage from the XT attack and Hearn's hostile takeover attempt is fading which has released some built up tension. Also the potential future scaling problems have been nicely addressed with a fairly promising implementation of subordinate chains via the Blockstream guys. The future looks as bright as I've seen yet.

Agreed. The debate had almost died out here on the forums. Maybe a thread or 2 a day, compared to 10 an hour a month or two ago.

All the pieces seem to be falling together, but I still think a correction due to profit taking is going to take place soon. And some big shorters may try to manipulate it down as well to reduce their losses from trades set 20 USD ago.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: OmegaStarScream on October 30, 2015, 03:29:00 AM

Quote from: hasiramasenju on October 30, 2015, 12:03:26 AM

last time i saw the bitcoin price yesterday still only $313 but now just hit to $327 and i'm really don't know why the price is moving too fast
but probably this is only parts from the pumpers

It seems like it just reached 334$ , what the ...

Ask China and permabulls who already accumulated enough coins to push this thing harder. Wink

Will we see $350 today? Resistance seemwd to be strong at $325 check the books.

tvbcof

legendary

Activity: 4592

Merit: 1276

Quote from: OmegaStarScream on October 29, 2015, 12:27:01 PM

It's something ~320$ according to preev.com , 321$ at Bitfinex as-well .

I'm not saying it's bad but I'd like to know what the hell is going on here , please don't tell me it's halving because I'm more then sure it's not , why would people agree ot start buying in same period of time in the first place ? that wouldn't make sense .

...

My guess is that the damage from the XT attack and Hearn's hostile takeover attempt is fading which has released some built up tension. Also the potential future scaling problems have been nicely addressed with a fairly promising implementation of subordinate chains via the Blockstream guys. The future looks as bright as I've seen yet.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: hasiramasenju on October 30, 2015, 12:03:26 AM

last time i saw the bitcoin price yesterday still only $313 but now just hit to $327 and i'm really don't know why the price is moving too fast
but probably this is only parts from the pumpers

It seems like it just reached 334$ , what the ...

disclaimer201

legendary

Activity: 1526

Merit: 1001

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.

hasiramasenju

legendary

Activity: 980

Merit: 1000

last time i saw the bitcoin price yesterday still only $313 but now just hit to $327 and i'm really don't know why the price is moving too fast
but probably this is only parts from the pumpers

nigttran

sr. member

Activity: 435

Merit: 250

BTC just hit 324$.
Chinese buy BTC to send out their country.

CasioK

hero member

Activity: 826

Merit: 1000

Quote from: XCASH on October 29, 2015, 11:25:14 PM

Quote from: chesthing on October 29, 2015, 11:12:28 PM

Quote from: Cereberus on October 29, 2015, 10:59:51 PM

It is called the Reckoning. What we have been waiting all this time for Wink

When all the holder's dreams come to fruition.
Let us who hold the coins bask it all it's glory. For a short time anyways.. until the dump happens Roll Eyes

Ah, yes - the dump. The only thing guaranteed in crypto

There is a cointelegraph article that suggests Bitcoin is either headed to the moon or due for a big blowoff top where everyone dumps it back down to the pits of hell. I'm in two minds myself as to what will happen. The last weeks growth has been too fast for my liking, but so was the 2013 pump and that went far higher than I expected.

http://cointelegraph.com/news/115499/bitcoin-price-tops-300-to-the-moon-or-blowoff-top-forming

But heading towards moon with the reason of halving or tax free in some countries would be a steady moving. But we witness a roller coaster types of rally now going on. I fear to buy or hold now. Last August same thing happened with Litecoin.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

On daily Bitstamp bitcoin price chart 50 day SMA crossed 200 SMA (Golden Cross) while on the weekly chart price has been holding nicely above 200 week SMA. Looks like a confirmed bull market to me.

Hugroll

hero member

Activity: 756

Merit: 500

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

XCASH

legendary

Activity: 929

Merit: 1000

Quote from: chesthing on October 29, 2015, 11:12:28 PM

Quote from: Cereberus on October 29, 2015, 10:59:51 PM

It is called the Reckoning. What we have been waiting all this time for Wink

When all the holder's dreams come to fruition.
Let us who hold the coins bask it all it's glory. For a short time anyways.. until the dump happens Roll Eyes

Ah, yes - the dump. The only thing guaranteed in crypto

There is a cointelegraph article that suggests Bitcoin is either headed to the moon or due for a big blowoff top where everyone dumps it back down to the pits of hell. I'm in two minds myself as to what will happen. The last weeks growth has been too fast for my liking, but so was the 2013 pump and that went far higher than I expected.

http://cointelegraph.com/news/115499/bitcoin-price-tops-300-to-the-moon-or-blowoff-top-forming

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: Cereberus on October 29, 2015, 10:59:51 PM

It is called the Reckoning. What we have been waiting all this time for Wink

When all the holder's dreams come to fruition.
Let us who hold the coins bask it all it's glory. For a short time anyways.. until the dump happens Roll Eyes

Ah, yes - the dump. The only thing guaranteed in crypto

Cereberus

legendary

Activity: 910

Merit: 1000

It is called the Reckoning. What we have been waiting all this time for Wink

When all the holder's dreams come to fruition.
Let us who hold the coins bask it all it's glory. For a short time anyways.. until the dump happens Roll Eyes

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: teddy5145 on October 29, 2015, 10:25:56 PM

Quote from: kokojie on October 29, 2015, 10:16:44 PM

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.

Don't you think the effect of halving is still too soon Huh

I expect for the price to rise on february not on october
Maybe this is just price manipulation Wink

Quote from: greatr on October 29, 2015, 08:28:25 PM

it was just a small spike i believe as the price is much smaller right now

It is not a spike, the price has been increasing rapidly this few weeks,something is causing this

In the last round, prices started to rise significantly 6 months before the halving (from around $5 to around $12). Though, yes you are correct, the majority of the rise happened after the halving.

talks_cheep

legendary

Activity: 1036

Merit: 1000

Quote from: spiderbrain on October 29, 2015, 07:12:49 PM

Quote from: Nobitcoin on October 29, 2015, 12:39:39 PM

What the hell is going on with the Chinese people must have a lot of dirty money to clean. Totally amazed and astounded by the price increase.

There has been something like US$15 trillion of new money created in China over the last 8 years through easy credit and government money printing. They have recent introduced more extreme capital controls making it really hard to move money out of the country, while at the same time deliberated attempting to devalue the yuan to get their exports back up, making people really want to get their money out.
http://www.bloomberg.com/news/articles/2015-05-07/china-s-capital-outflow-hot-money-cools-on-the-country

Bitcoin's market cap is currently $4.5 Billion, so nowhere near "at lot" of money has gone anywhere near it yet!

spiderbrain is correct. Btc halving is 9 months away, too far to have any impact at this point. If the last halving in late 2012 is an indication, market priced it about 5-6 months prior to the actual halving event. I expect the same thing will happen; market will start anticipating the halving early next year, probably February-March'2016. It's too early for halving to have any effect.

Remember the last bubble in late 2013? It was all driven by China. This recent rise in price is also all driven by China, for all the reasons given by spiderbrain above.

teddy5145

hero member

Activity: 714

Merit: 528

Quote from: kokojie on October 29, 2015, 10:16:44 PM

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.

Don't you think the effect of halving is still too soon Huh

I expect for the price to rise on february not on october
Maybe this is just price manipulation Wink

Quote from: greatr on October 29, 2015, 08:28:25 PM

it was just a small spike i believe as the price is much smaller right now

It is not a spike, the price has been increasing rapidly this few weeks,something is causing this

kokojie

legendary

Activity: 1806

Merit: 1003

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.

greatr

sr. member

Activity: 447

Merit: 250

it was just a small spike i believe as the price is much smaller right now

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: btcfinans on October 29, 2015, 12:56:49 PM

What is going on? BTC price up

Who? Chinese people buy

Why? I don't know exactly why (capital restricitions? ...)

Chinese population is more than 1.4 billion, just can't wait Bitcoin fervour goes viral out there Cheesy

There was many times that there was more then 95% all transactions on chinese exchanges. So volume is not really some legit thing to see what is going on. If there is no fees you can buy your own BTC all day long.

I am not saying chinese people are driving price up. It was expected.

spiderbrain

legendary

Activity: 889

Merit: 1013

Quote from: Nobitcoin on October 29, 2015, 12:39:39 PM

What the hell is going on with the Chinese people must have a lot of dirty money to clean. Totally amazed and astounded by the price increase.

There has been something like US$15 trillion of new money created in China over the last 8 years through easy credit and government money printing. They have recent introduced more extreme capital controls making it really hard to move money out of the country, while at the same time deliberated attempting to devalue the yuan to get their exports back up, making people really want to get their money out.
http://www.bloomberg.com/news/articles/2015-05-07/china-s-capital-outflow-hot-money-cools-on-the-country

Bitcoin's market cap is currently $4.5 Billion, so nowhere near "at lot" of money has gone anywhere near it yet!

Topic: 320$ , what the hell is going on ? - page 2. (Read 4287 times)