Bitcoin just hit $725 on GDAX.....fasten your seatbelts

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Quote from: Shiroslullaby on October 29, 2016, 05:48:12 AM

Every alt-coin is getting smashed on the exchanges because crypto-newbs are cashing out trying to buy Zcash.

I hope that isn't true. there is absolutely no reason for the current price other than supply constriction and that's only going one way. it's an easy way to turn 10 btc into 0.1.

stomachgrowls

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We are seeing again the price of bitcoin on this price point which is a good sign that it will rose up even more on near future. Speculations on the past are somehow right that the price would reach on this last month of october and it really happens.

contradiction

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oh wow. thats a real huge jump by btc. keep it up.

Shiroslullaby

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Every alt-coin is getting smashed on the exchanges because crypto-newbs are cashing out trying to buy Zcash.
With the recent raise in price and uncertainty in the alt-coin market,
Bitcoin will probably have further investment and the jump to $700 could very easily go higher-
$750 to 800 in the next week would not surprise me.

Oilacris

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Quote from: indijim on October 29, 2016, 02:39:01 AM

Quote from: Zadicar on October 29, 2016, 12:35:42 AM

Quote from: indijim on October 28, 2016, 11:35:20 PM

I haven't been keeping up do date. Why is Bitcoin rising so much? What happened?

Try to use google and search for the most latest news and updates on bitcoins price and the things that affects it. Theres no need to ask hence you could do make some research though. Im not intending to be harsh but there are already lots of threads regarding on bitcoins sudden price increase.

I did try Google, just got random Bitcoin links. Like the latest price on coindesk, etc. This is much more natural. People are having a Bitcoin conversation, I join in and many are happy to explain it. In other situations where I Google the answer to a question, I land on a forum where someone else is asking the same question, and someone answer. At the same time someone else is there telling the person that they shouldn't be asking, that others have already asked. But it that person hadn't asked, those other people asking for the same question and Googling wouldn't have found it. So it helps the overall. It might even help those answering, getting them to think about it one more time.

I agree with you, there are some things about on bitcoins related news are havent being answered complete or can be found easily on the exact reason why things just happen thats why people would really tend to ask even if not neccessary and thats the nature of human they would really ask if they are curious to a certain thing but if you are a sensible person you would find or seek answers first before trying to ask anybody. Back to topic, im really glad that we reached again the price of $700 and hoping it would not drop again is price below that price.

ynef

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Oh wow. So that actually happened (just checked my charts as well).

I'm just a buy-n-hold kind a guy, but I think a lot of people are now going to get nervous and try to sell them for a quick profit.

On the other hand we will have those who are convinced of a new ATH.

Who will win?

indijim

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Quote from: Zadicar on October 29, 2016, 12:35:42 AM

Quote from: indijim on October 28, 2016, 11:35:20 PM

I haven't been keeping up do date. Why is Bitcoin rising so much? What happened?

Try to use google and search for the most latest news and updates on bitcoins price and the things that affects it. Theres no need to ask hence you could do make some research though. Im not intending to be harsh but there are already lots of threads regarding on bitcoins sudden price increase.

I did try Google, just got random Bitcoin links. Like the latest price on coindesk, etc. This is much more natural. People are having a Bitcoin conversation, I join in and many are happy to explain it. In other situations where I Google the answer to a question, I land on a forum where someone else is asking the same question, and someone answer. At the same time someone else is there telling the person that they shouldn't be asking, that others have already asked. But it that person hadn't asked, those other people asking for the same question and Googling wouldn't have found it. So it helps the overall. It might even help those answering, getting them to think about it one more time.

pooya87

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Quote from: indijim on October 28, 2016, 11:35:20 PM

I haven't been keeping up do date. Why is Bitcoin rising so much? What happened?

this rise should have happened a while ago where market was getting ready to continue on upward. but the bitfinex hack caused a turbulence in the market which postponed everything.

there can be many reasons for this rise some of which you can already see on my top comments. but i think the main reason is adoption as we can also see in the number of daily transactions which has grown massively.

Zadicar

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Quote from: indijim on October 28, 2016, 11:35:20 PM

I haven't been keeping up do date. Why is Bitcoin rising so much? What happened?

Try to use google and search for the most latest news and updates on bitcoins price and the things that affects it. Theres no need to ask hence you could do make some research though. Im not intending to be harsh but there are already lots of threads regarding on bitcoins sudden price increase.

monbux

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Quote from: indijim on October 28, 2016, 11:35:20 PM

I haven't been keeping up do date. Why is Bitcoin rising so much? What happened?

Same ol', same ol'. News for upcoming projects, bigger adoption, some miner meeting in China, China, China, U.S. Politics?
It's the same everytime, just be glad to be on the ride!

indijim

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I haven't been keeping up do date. Why is Bitcoin rising so much? What happened?

The Sceptical Chymist

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Quote from: alyssa85 on October 28, 2016, 09:39:08 AM

Quote from: mundang on October 28, 2016, 08:38:14 AM

Update on bitcoin price 685$!! And has a strong way to go up. Lets welcome 700$ again. Hope 700$ will be the next stable bottom of bitcoin.

Careful now - if American interest rates get hiked after the election, then the bitcoin price will stall. It will still be strong against the yuan, euro and pound, but in dollars it will stall.

Mmmm...I have serious doubts as to whether bitcoin will do anything in response to a hiked interest rate. And I have doubts as to whether that's gonna happen in my lifetime, too. The Fed has been pumping up the stock market with cheap money for years now, and these traders have become addicted to it. When interest rates rise, watch out. The sky is gonna fall.

It's nice to see $700 again. We're just about there as I write this.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

The price is quite high, but if we are to witness a new ATH, then nobody can imagine where this could go and where will it end up...
This is quite amazing as on what basis currently this is going on, maybe banks and other big institutions are getting in... Wink

n691309

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Quote from: Jcastle on October 26, 2016, 12:49:07 PM

I have 100 BTC safe and secure on my trezor....I am ready for liftoff...hehe

If the bitcoin price changes for only 1 dollar then you would have a profit of $100 (not including fees), but if the price changes for +$100 you have a profit of $10k which is very great, if you are ready for this what does it mean you are selling all of them?

STT

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Quote from: alyssa85 on October 28, 2016, 09:39:08 AM

Quote from: mundang on October 28, 2016, 08:38:14 AM

Update on bitcoin price 685$!! And has a strong way to go up. Lets welcome 700$ again. Hope 700$ will be the next stable bottom of bitcoin.

Careful now - if American interest rates get hiked after the election, then the bitcoin price will stall. It will still be strong against the yuan, euro and pound, but in dollars it will stall.

Is there a chart for sterling somewhere, some new exchange I think I read about ? The deal with US rates is almost a known quantity because of US government debt and consistent overspending they cannot afford to raise rates.
I forget the exact figures because its terrible whatever it is but every 1% is like an extra trillion in interest per year the US government has to find, they already have a deficit even with all the help given from QE and lowest rates ever recorded. If they cant balance the books now, its likely drastic measures will occur before this is over.
Bitcoin is really not the weakest point in this argument, rates rising is not a feasible event, what happens next is the Dollar gets increasingly weakened by poor governance in politics and in administration by every central bank of the world. All of them rely on dollar which is unsustainable as it is now, doesnt matter who you vote for neither party has a solution to this

serjent05

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Quote from: BitcoinHodler on October 28, 2016, 08:52:48 AM

Quote from: Jcastle on October 26, 2016, 12:49:07 PM

I have 100 BTC safe and secure on my trezor....I am ready for liftoff...hehe

ok now i am jealous of you.
i wish i had that much and i wanted to invest and buy that much but i couldn't afford to invest about $23,000 and yeah i bought my coins at $230 but much much less amount Sad

Same here , I wish have that amount of BTC, but well alas i have only a little. Anyway even a holdings of little BTC, am still excited to see Bitcoin price to pass 700 USD. And i think it is very possible. After the correction, without bad press simply means an uptrend price of BTC, and it is happening right before our eyes, so I think we better get ready for the new BTC floor this coming week.

TERA

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Quote from: alyssa85 on October 28, 2016, 09:39:08 AM

Quote from: mundang on October 28, 2016, 08:38:14 AM

Update on bitcoin price 685$!! And has a strong way to go up. Lets welcome 700$ again. Hope 700$ will be the next stable bottom of bitcoin.

Careful now - if American interest rates get hiked after the election, then the bitcoin price will stall. It will still be strong against the yuan, euro and pound, but in dollars it will stall.

What you are implying is that the forex market for other currencies will drop by the same percentage as the btc price disparity between foreign currencies and USD. Otherwise, FX arbitrage would raise the price.

alyssa85

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Quote from: mundang on October 28, 2016, 08:38:14 AM

Update on bitcoin price 685$!! And has a strong way to go up. Lets welcome 700$ again. Hope 700$ will be the next stable bottom of bitcoin.

Careful now - if American interest rates get hiked after the election, then the bitcoin price will stall. It will still be strong against the yuan, euro and pound, but in dollars it will stall.

iqlimasyadiqa

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of course you have a number of bitcoin very much. You can take a huge advantage. sell a portion of the total that you have can definitely make you rich. keep your account, now common hacking activity.

BitcoinHodler

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Quote from: Jcastle on October 26, 2016, 12:49:07 PM

I have 100 BTC safe and secure on my trezor....I am ready for liftoff...hehe

ok now i am jealous of you.
i wish i had that much and i wanted to invest and buy that much but i couldn't afford to invest about $23,000 and yeah i bought my coins at $230 but much much less amount Sad

mundang

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Update on bitcoin price 685$!! And has a strong way to go up. Lets welcome 700$ again. Hope 700$ will be the next stable bottom of bitcoin.

Taki

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Quote from: Greenenergy on October 26, 2016, 03:02:50 PM

I just saw on Preev that the price was that high. In my mind a bitcoin is still equal to 400$ Cheesy

! However, I doubt we'll settle to that heigh and we'll come back to the 600$ range pretty soon.

I hope your prediction about coming back to 600$ will never happen Grin

I have saved around 0.25 BTC and this fast jump of the prices makes me really exited.

1Referee

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Quote from: Johnyloco on October 27, 2016, 07:20:19 AM

Quote from: 1Referee on October 27, 2016, 06:31:20 AM

Quote from: Doms on October 27, 2016, 02:42:47 AM

-snip-

-snip-
The current increase is a welcome happening, but it doesn't really gets me excited to be honest. I am more waiting for some heavy volatility where I as a trader can greatly benefit from as that is what I am waiting for. The coins I have in my cold wallets will remain there for a price far beyond the $700 level.

A volatile market is good for traders. In that way I miss the lows of long time ago, where you could get really nice profits from days to days on btc alone. I'm happy with the rising price, though I'm currently low on stock. I think a correction might happen reaching 800$ regions again.

If we really are heading towards the $800 level, then before hitting that level we will for sure see a massive correction. It's inevitable as large traders and smaller fishes will secure profits. My guess is that this will happen just before $750 which is also where I am going to secure profits at. Better safe than sorry.

Quote from: Zadicar on October 27, 2016, 07:48:41 AM

because it would definitely goes down again just as expected.

And that is exactly what I as a trader anticipate on by securing profits at the right times. I rather secure profits sligtly sooner, than waiting for the ultimate moment where I scoop up a bit more profits, where the chances are high that you miss out big time if have miscalculated the situation.

Something else; I think it's good if you look more at how you write your posts. Right now your posts contain too many spaces in between each word. It will make your posts much more pleasurable to read if you stop using that many spaces in between each word.

amacar2

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Quote from: Jcastle on October 26, 2016, 12:49:07 PM

I have 100 BTC safe and secure on my trezor....I am ready for liftoff...hehe

Wow than you are in quite good profit range, on what price you have bought them in average?

I don't have much but still holding whatever i have, may be we are heading towards new ATH.

CoinCidental

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Quote from: lite on October 26, 2016, 01:53:03 PM

Quote from: Jcastle on October 26, 2016, 12:49:07 PM

I have 100 BTC safe and secure on my trezor....I am ready for liftoff...hehe

I think we're heading towards a new ath(2016), it's pretty exciting lol.

The future is looking very bright, hold onto your balls gentlemen, this is probably just the beginning... Grin

Daveee1991

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Zadicar

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Quote from: 1Referee on October 27, 2016, 06:31:20 AM

Quote from: Doms on October 27, 2016, 02:42:47 AM

For a while, I was really skeptical if we could $700 by the end of October. I guess I am wrong because judging from today's price movement, $700 could be reached anytime now.

It was basically the same back in June where the price nearly touched the $800 level. It was only $12 away from reaching that price. Nearly all people were expecting it to happen within 24 hours, but it didn't happen. The price went south real hard after that.

OP;

The current increase is a welcome happening, but it doesn't really gets me excited to be honest. I am more waiting for some heavy volatility where I as a trader can greatly benefit from as that is what I am waiting for. The coins I have in my cold wallets will remain there for a price far beyond the $700 level.

Theres nothing to be excite about on bitcoins price increase in a few dollars only, same as you said price movements would change anytime and would go on the opposite way that we didnt expect. For me it would be good for seeing bitcoins price to go up but im not too much on the hype because it would definitely goes down again just as expected.

Johnyloco

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Quote from: 1Referee on October 27, 2016, 06:31:20 AM

Quote from: Doms on October 27, 2016, 02:42:47 AM

For a while, I was really skeptical if we could $700 by the end of October. I guess I am wrong because judging from today's price movement, $700 could be reached anytime now.

It was basically the same back in June where the price nearly touched the $800 level. It was only $12 away from reaching that price. Nearly all people were expecting it to happen within 24 hours, but it didn't happen. The price went south real hard after that.

OP;

The current increase is a welcome happening, but it doesn't really gets me excited to be honest. I am more waiting for some heavy volatility where I as a trader can greatly benefit from as that is what I am waiting for. The coins I have in my cold wallets will remain there for a price far beyond the $700 level.

A volatile market is good for traders. In that way I miss the lows of long time ago, where you could get really nice profits from days to days on btc alone. I'm happy with the rising price, though I'm currently low on stock. I think a correction might happen reaching 800$ regions again.

1Referee

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Quote from: Doms on October 27, 2016, 02:42:47 AM

For a while, I was really skeptical if we could $700 by the end of October. I guess I am wrong because judging from today's price movement, $700 could be reached anytime now.

It was basically the same back in June where the price nearly touched the $800 level. It was only $12 away from reaching that price. Nearly all people were expecting it to happen within 24 hours, but it didn't happen. The price went south real hard after that.

OP;

The current increase is a welcome happening, but it doesn't really gets me excited to be honest. I am more waiting for some heavy volatility where I as a trader can greatly benefit from as that is what I am waiting for. The coins I have in my cold wallets will remain there for a price far beyond the $700 level.

Greenenergy

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Quote from: Doms on October 27, 2016, 02:42:47 AM

For a while, I was really skeptical if we could $700 by the end of October. I guess I am wrong because judging from today's price movement, $700 could be reached anytime now. But I am not comfortable with this fast rise because I prefer a slow and steady climb. But I can't complain if the price continues to soar because at some point, it is going to correct and people will be dumping when they have made profits already.

Sadly, yeah, a dump will occur, because our community is still relatively small. Once we will be a few millions, any price increase will last a lot longer.

Doms

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For a while, I was really skeptical if we could $700 by the end of October. I guess I am wrong because judging from today's price movement, $700 could be reached anytime now. But I am not comfortable with this fast rise because I prefer a slow and steady climb. But I can't complain if the price continues to soar because at some point, it is going to correct and people will be dumping when they have made profits already.

Zadicar

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We would really fasten our seatbelts because bitcoins price would surely go and break the $700 price which is really great to see this again on bitcoin. We would definitely gain profits with it and hopingeven more to reach even 1k$ on this year but i guess it would be impossible to happen because movement of bitcoin price is just slow and its better to see this one.

milewilda

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Quote from: pooya87 on October 26, 2016, 11:20:08 PM

this is doubly great, because first of all bitcoin price is rising which is always a great news but also because this rise is slow and not like before going up $100-$300 in one hour and drop the next day. right now it is slow rising and with a solid support.

$687 on bitfinex Cheesy

Yeah, i really like to see bitcoins price to move gradually on small amounts because it shows a stable or strong support compare to those hard pumps on a matter of hour or day and after that we could able to see again a hard dump which i really dont like on bitcoin price but observing on the current movement it increases on small amounts only which we could assume that if it tends to drop its price again it would not be hard dump its just the same movement when the price is going up . The movement would be the same though unless if there another exchange hack again.

pooya87

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this is doubly great, because first of all bitcoin price is rising which is always a great news but also because this rise is slow and not like before going up $100-$300 in one hour and drop the next day. right now it is slow rising and with a solid support.

$687 on bitfinex Cheesy

Oilacris

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Its already $684 on preev.com as of the moment which is really high price already since on the bitfinex hack and very glad to see this price again after that incident which it able to recover back again its price. Those buyers on $540 - $600 price would surely sell off when bitcoin price would hit $700 for sure because they would tend to secure profits and expect to drop its price again and thats normal thing nothing to be shocked about.

CoinCidental

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Quote from: 2017Bubble on October 26, 2016, 10:06:33 PM

Lucky you, only have 50 Sad

But I'm selling at the next halving when btc is 3k+ Cheesy

At the next halving, btc will be a Lot more than $3K..... Wink

2017Bubble

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Lucky you, only have 50 Sad

But I'm selling at the next halving when btc is 3k+ Cheesy

keystroke

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Let 'er rip.

cpfreeplz

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It's been a little all over the map in the last 24h but wow, we're seeing some great increases. This is showing the true value of bitcoins now and not just the aftermath of a large hack. It's a win for everyone! Let's see if we reach an ath now!

ajareselde

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Quote from: jerowacik on October 26, 2016, 07:04:35 PM

now even going to touch the figure 680USD. an improvement is remarkable. bitcoin prices increased substantially, rising like some people will feel the benefit. when they buy at 600USD, and then sell it now (680 USD).

huobi (yeah,i know..) is touching @700 just now, other exchanges seam like they are not sure weather to follow or not Cheesy

sticking to that 680$ like glue.
This could be start of something big if the prices don't tumble down like they often do right after the jumps.

jerowacik

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now even going to touch the figure 680USD. an improvement is remarkable. bitcoin prices increased substantially, rising like some people will feel the benefit. when they buy at 600USD, and then sell it now (680 USD).

Greenenergy

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I just saw on Preev that the price was that high. In my mind a bitcoin is still equal to 400$ Cheesy

! However, I doubt we'll settle to that heigh and we'll come back to the 600$ range pretty soon.

lite

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Quote from: Jcastle on October 26, 2016, 12:49:07 PM

I have 100 BTC safe and secure on my trezor....I am ready for liftoff...hehe

I think we're heading towards a new ath(2016), it's pretty exciting lol.

Jcastle

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I have 100 BTC safe and secure on my trezor....I am ready for liftoff...hehe

Topic: Bitcoin just hit $725 on GDAX.....fasten your seatbelts (Read 2555 times)