Bitcoin Just Reached An All-Time High On BTCC's CNY Exchange

NUFCrichard

legendary

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Quote from: BTCC_Official on January 04, 2017, 12:46:00 AM

Bitcoin’s price is at an all-time high on BTCC’s CNY Exchange. It’s 7666.60 CNY now; the previous high was 7596.80 CNY in November 2013.

It is at an all time high in GBP and Euro too. Today was the first time ever that it crossed the 1000€ barrier too!
I think the non-Gox all time high will be passed in the near future, it will be interesting to see if the Gox ATH is passed too.

The curve is getting pretty steep right now, the interesting things for me are: how high will we go? and will money move into Alts like last time?

HairyMaclairy

legendary

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Degenerate bull hatter & Bitcoin monotheist

Quote from: 1Referee on January 04, 2017, 05:05:38 AM

Quote from: Nahl on January 04, 2017, 03:36:08 AM

i'm watching the chart since bitcoin price getting crazy but indeed the highest price in the world for bitcoin holding by china exchange and the current price is 7681 CNY at Huobi exchange and i think very possible the price will rise up again tomorrow but i don't get it that why the price on china exchange always be more higher rather than other exchange

It's the demand in China that's far stronger than the demand here in the western world. That's why they are ahead of all other exchanges with their pricing. Western exchanges are just operating behind China and are in some cases hesitant to come close to their ticker price. Another reason is the fact that large players keep the price at such levels on purpose, to make it far more profitable to do arbitrage trading between western and Chinese exchanges. Right now the difference is like $40 per coin. Imagine how that will be when you do that with thousands of coins every month. Big money.

Because it's too hard to get fiat out of China for arbitrage plays

1Referee

legendary

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Quote from: Nahl on January 04, 2017, 03:36:08 AM

i'm watching the chart since bitcoin price getting crazy but indeed the highest price in the world for bitcoin holding by china exchange and the current price is 7681 CNY at Huobi exchange and i think very possible the price will rise up again tomorrow but i don't get it that why the price on china exchange always be more higher rather than other exchange

It's the demand in China that's far stronger than the demand here in the western world. That's why they are ahead of all other exchanges with their pricing. Western exchanges are just operating behind China and are in some cases hesitant to come close to their ticker price. Another reason is the fact that large players keep the price at such levels on purpose, to make it far more profitable to do arbitrage trading between western and Chinese exchanges. Right now the difference is like $40 per coin. Imagine how that will be when you do that with thousands of coins every month. Big money.

Finestream

hero member

Activity: 3052

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Quote from: ~Bitcoin~ on January 04, 2017, 03:59:40 AM

Quote from: Pumpkinetic on January 04, 2017, 12:48:26 AM

What's next. Moar up or time to dump?

Better to hold, it seems there is no any hope for dump/correction right now. Price is pumping really hard even though it have crossed long waited $1000 per coin range. We may see new ATH, so hold till we get new ATH price which should be >$1100.

A better way to do now is to wait for more, it's not yet over, it's still climbing and this might head to the all time high. Bitcoin will make history again this year and I believe on that. We are all over the news and this will attract people to invest which will make it possible to see another big increase as big investment is coming in.

~Bitcoin~

legendary

Activity: 994

Merit: 1000

Quote from: Pumpkinetic on January 04, 2017, 12:48:26 AM

What's next. Moar up or time to dump?

Better to hold, it seems there is no any hope for dump/correction right now. Price is pumping really hard even though it have crossed long waited $1000 per coin range. We may see new ATH, so hold till we get new ATH price which should be >$1100.

Nahl

legendary

Activity: 1652

Merit: 1000

i'm watching the chart since bitcoin price getting crazy but indeed the highest price in the world for bitcoin holding by china exchange and the current price is 7681 CNY at Huobi exchange and i think very possible the price will rise up again tomorrow but i don't get it that why the price on china exchange always be more higher rather than other exchange

asuryan180

hero member

Activity: 868

Merit: 1000

Quote from: Pursuer on January 04, 2017, 02:40:33 AM

the bitcoin prices are getting crazy all around the world, mostly in CNY markets.
and I believe there is a huge wave of FOMO people coming, people scared of the future and scared of missing out on the rise, they will start noticing bitcoin with all the recent media coverage and this wave will start a new wave of rises soon.

That's a really correct statement,there's a high probability that a lot of people get in BTC now as they see the press coverage and we can only hope for that to happen so BTC continue its rise

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

the bitcoin prices are getting crazy all around the world, mostly in CNY markets.
and I believe there is a huge wave of FOMO people coming, people scared of the future and scared of missing out on the rise, they will start noticing bitcoin with all the recent media coverage and this wave will start a new wave of rises soon.

Juggy777

hero member

Activity: 2646

Merit: 686

The rise and rise of Bitcoin, but I would suggest to sell and make profits and then buy at every dip. It's difficult to see it that it will sustain. I do hope it does. But makes more sense to book profits. But then if you don't need cash, hold for higher gains. But loving this rise, let it never come down. Sell only if you need money, or hold for more profits.

Seeker#9

full member

Activity: 658

Merit: 102

It's still soaring up and hope there will be more support for the bitcoin's continuing gain this year.

BTCC_Official

sr. member

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Quote from: Pumpkinetic on January 04, 2017, 12:48:26 AM

What's next. Moar up or time to dump?

Moar up; hodl!

Pumpkinetic

member

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Merit: 10

What's next. Moar up or time to dump?

BTCC_Official

sr. member

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Bitcoin’s price is at an all-time high on BTCC’s CNY Exchange. It’s 7666.60 CNY now; the previous high was 7596.80 CNY in November 2013.

Topic: Bitcoin Just Reached An All-Time High On BTCC's CNY Exchange (Read 674 times)