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Topic: $652 - my laptop just exploded! - page 2. (Read 2441 times)

legendary
Activity: 1120
Merit: 1008
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June 12, 2016, 12:39:17 PM
#24
I love chinese and i think they will also not dump in one go like before as not only one single entity is buying bitcoin right now from china.
legendary
Activity: 1036
Merit: 1000
June 12, 2016, 10:12:45 AM
#23
This price rise has almost NOTHING to do with the upcoming block halving.

It's because the Chinese are buying bitcoins in droves, that's causing the massive price increase, just like they did in late 2013.

http://www.zerohedge.com/news/2016-06-11/bitcoin-spikes-above-600-2-year-highs-sudden-massive-chinese-buying

The reason why Chinese are buying? Their currency, Yuan, is being devalued by their Communist Central Party Gov't.
legendary
Activity: 994
Merit: 1000
June 12, 2016, 10:11:44 AM
#22
$652 on CoinMarketCap!  Shocked

I remember all those bears saying "halving was already priced in" when we were at $440...
Yes this one is nice weekday pump and the start of this week. Hope price will hold this range till next pump on upcoming weeks. Wink
legendary
Activity: 840
Merit: 1000
June 12, 2016, 10:00:29 AM
#21
This is amazing, the price is increased for almost +$80 for only 2 days. I'm really surprised and wondering what will happen in the upcoming weeks, we are very near to the halving. I didn't expected this to happen so far, let's hope the price will go even more higher (~$1k).

legendary
Activity: 2058
Merit: 1015
June 12, 2016, 09:52:19 AM
#20
All of us surprised on how the price movement are going on today. Whatever the reason is wether its because of halving fever or because of Chinese. No matter what it is, its good that price are continuosly rising.
legendary
Activity: 1036
Merit: 1000
June 12, 2016, 09:40:37 AM
#19
+1000 will be difficult to sustain, too much sell pressure at that point. We will likely reach 1000 but it won't stay there for long.
legendary
Activity: 2142
Merit: 1065
✋(▀Ĺ̯ ▀-͠ )
June 12, 2016, 09:38:28 AM
#18
Well didn't expect to see the price jumping + $600 so soon, if the bitcoin price keep the same level before the halving then + $1000 will be easy to reach after it  Grin
legendary
Activity: 1036
Merit: 1000
June 12, 2016, 09:38:01 AM
#17
Too many ignorant people here on the forum, they don't know what's going on around the world, specifically China's economy. The recent price increase is NOT due to the upcoming halving which everyone and their grandmothers HAVE KNOWN since the beginning of the year or earlier. The reason why bitcoin price is increasing is because China started devaluing their currency, Yuan. The timing is unfortunate, or fortunate. I still believe the rise from 250 to 450 was due to the halving, remember how 435-450 had been stable? 450 to 650 is due to China. It's a great news since Chinese are the only ones able to ROCKET it to the moon, we may be looking at a brand new ATH. I had thought it would go to 900-999, but I may have to revise my expectations upwards.
legendary
Activity: 1218
Merit: 1007
June 12, 2016, 09:37:39 AM
#16
Still having my doubts about the $1k mark but $700-$750 is reasonable. Just look at it go!

yeah 1k is a mental barrier, it's hard to beat but they will do it eventually like with $500? it will require much time not going to happen soon, i guess, maybe end of the year
Ok I'm going to be honest, we might think that $1k is a mental barrier, but there are ceilings to investments too. We can't expect just psychology to be holding us back, and we have to expect that people will have to value a Bitcoin at $1,000 for us to get even remotely close to that range of value. If investors don't want to value one Bitcoin at $1,000, there isn't going to be any attempts to get Bitcoin that high.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
June 12, 2016, 09:33:40 AM
#15
Still having my doubts about the $1k mark but $700-$750 is reasonable. Just look at it go!

yeah 1k is a mental barrier, it's hard to beat but they will do it eventually like with $500? it will require much time not going to happen soon, i guess, maybe end of the year
legendary
Activity: 1204
Merit: 1028
June 12, 2016, 09:30:33 AM
#14
$652 on CoinMarketCap!  Shocked

I remember all those bears saying "halving was already priced in" when we were at $440...

Lolll yeah "halving was already priced in" is a classic in FUDster failures. All those people must be hiding under a rock now, or creating new alts to talk shit so they don't look like idiots on their real accounts.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
June 12, 2016, 09:15:58 AM
#13
I guess soon the price of bitcoin will exceed it. it was very funny because it could blow up the laptop. but however this increase makes all bitcoin users be happy  Grin
hero member
Activity: 756
Merit: 502
June 12, 2016, 09:15:17 AM
#12
I'm really surprised by all this, I do not guess whether before halving we will touch $700? whereas previously I only predict $550 before halving.
legendary
Activity: 1382
Merit: 1122
June 12, 2016, 09:02:03 AM
#11
Wow, had a look to see how bitcoins did overnight and I had a feeling I'd see this number. I was hoping for $800 CAD and we're at $821. Awesome! Hopefully this just continues and continues Smiley
legendary
Activity: 1073
Merit: 1000
June 12, 2016, 09:01:51 AM
#10
Waiting to price reach the ATH again, so I'll have money to buy another laptop and to buy c4 to blow this one up.


I still doubt if the current growth is sustainable because the volume is really low compared to the $1200 rally, but as long I get profit, I don't care about false pumps
full member
Activity: 158
Merit: 100
June 12, 2016, 08:59:57 AM
#9
Still having my doubts about the $1k mark but $700-$750 is reasonable. Just look at it go!
o_o
full member
Activity: 132
Merit: 100
June 12, 2016, 08:57:16 AM
#8
Yes, and rising will go ahead until the end of June I guess, then we'll see a little drop with a correction around 650-700 $ ! My prediction is that price will reach also 1000$ to the halving !
legendary
Activity: 1137
Merit: 1035
Bitcoin accepted here
June 12, 2016, 08:56:17 AM
#7
It's amazing... Bitcoin is up 50% since the end of May!
hero member
Activity: 700
Merit: 500
June 12, 2016, 08:55:01 AM
#6
It is not over yet still much drama we will see .
The price pump is not over yet i expect 700 to 750$ on before halving now it is the perfect time to buy bitcoins and save it in cold storage.  Wink
legendary
Activity: 896
Merit: 1000
June 12, 2016, 08:50:47 AM
#5
$652 on CoinMarketCap!  Shocked

I remember all those bears saying "halving was already priced in" when we were at $440...

well, the price keeps surprising us at the moment. i thought $600 would be somewhat of a top for the block halving, but we're still increasing. let the $700 come!
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