I doubt that ALL the chinese are moving into Bitcoin - but consider they have over a BILLION POPULATION, 1 tenth of one percent of that (1 million) moving to buy 1 bitcoin would send the bitcoin price rocketing up.
OK, realistically probably only a few tens or a couple hundreds of thousands of Chinese even know about Bitcoin - but that's still a lotta folks even if only a percent of them decide to push money into Bitcoin.
Given most of the action pushing pricing up in on the Chinese exchanges, there HAS to be some sort of a Chinese link somewhere.
Topic: Bitcoin Price Hits Highest Level Since August - page 3. (Read 6452 times)
The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today 
I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?
*bookmarked
It's sentiment since there always is a reason
Could also just be some pushback after a steady declining pattern over the year and a combination of news articles all focusing on Bitcoin and the blockchain that is bringing it back to mainstream attention at present.
Blockchain? Did they solved double transaction from malleability attack?
That can be a reason then.
Yup, it's alway be a reason for some "investment" which can going up or down. If there are no reason behind it, then some group are in control of it. And it's not good for bitcoin. Many people try to trust on bitcoin, which declared "it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.".
The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today
I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?
*bookmarked
It's sentiment since there always is a reason
Could also just be some pushback after a steady declining pattern over the year and a combination of news articles all focusing on Bitcoin and the blockchain that is bringing it back to mainstream attention at present.
I suspect a combination of factors, but the leading one being the continuing Chinese economy issues with some input from the current tensions the Chinese government has been causing with their South China Sea push - and the escalating PUSHBACK in the last few days from the US among others - then folks see the price of Bitcoin rising significantly and decide to jump on the bandwagon.
Makes me happy I bought a bunch late last summer.
8-)
First of all congratulations on a good buy. The latest by the next halving event that should be a very profitable trade.Makes me happy I bought a bunch late last summer.
8-)
As for the news about Chinese investors that become a bit of a urban legend in the Bitcoin community. Every now and then since the fall from the last ATH there is a news on why this time the Chinese should move all their savings into the bitcoin, which of course is not happening. To make my point clear, I am not underestimating the purchasing power of Chinese savers who may become interested in Bitcoin. But it is hard to believe that all of people looking for new location for their money would choose Bitcoin, having quite many easier alternatives around.
The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today
I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?
*bookmarked
Yup, i got it. Going up fast with no reason (event)
and then going down super fast with no reason too.
Anyway, today is the best time to sell bitcoin. We can get fiat money in fast today.
Put BTC on marketplace to dollar, and in flash its already on $ !
I suspect a combination of factors, but the leading one being the continuing Chinese economy issues with some input from the current tensions the Chinese government has been causing with their South China Sea push - and the escalating PUSHBACK in the last few days from the US among others - then folks see the price of Bitcoin rising significantly and decide to jump on the bandwagon.
Makes me happy I bought a bunch late last summer.
8-)
Makes me happy I bought a bunch late last summer.
8-)
Yes right now preev showing some $330+ levels. I believe this may go beyond $350 levels too on today or tomorrow itself. This might be the highest prices since last February 2015. Lets hope for 2015's highest price to happen on November 2015 itself.
This is a good sign for bitcoin actually but I'm wondering what pump the bitcoin's price up so fast? I feel that its price is not a long-term one I think, somewhat unstable
The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today
I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?
*bookmarked
The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today
I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?
*bookmarked
The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today
Yes right now preev showing some $330+ levels. I believe this may go beyond $350 levels too on today or tomorrow itself. This might be the highest prices since last February 2015. Lets hope for 2015's highest price to happen on November 2015 itself.
The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today
Yes right now preev showing some $330+ levels. I believe this may go beyond $350 levels too on today or tomorrow itself. This might be the highest prices since last February 2015. Lets hope for 2015's highest price to happen on November 2015 itself.
The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today
Today's been the highest since January, back when it started falling from the 2014 price.
This can't last, we all know that. (But a man can hope)
A small correction would be healthy to cool down the technical indicators. This can't last, we all know that. (But a man can hope)
The important part of the story is what will happen next. Whether the possible correction will be shallow or we go back to mid $200 levels. It looks, at least for now that there is a potential to see further grows in the remaining two months of the year.
well thats cool lets hope this trend will keep on going and bitcoins price will go to the new heights what would attract more investors
Today's been the highest since January, back when it started falling from the 2014 price.
This can't last, we all know that. (But a man can hope)
This can't last, we all know that. (But a man can hope)
Yes we will have volatility for several more years.But this will be volatility on the way up!!I can live with that.
Can you live with the two year bear market we just experienced. It could take another year to reach the $1200 level in 2013. That is three year in total.
yes, it's easy to live with that, because even though the bear market can last for years, we all know it's going to bull eventually, and when it does, it will go big.
go big or go home.
its nice to hear that as it means bitcoin is getting more popular lets hope the price will keep on rising
Yes we will have volatility for several more years.But this will be volatility on the way up!!I can live with that.
Can you live with the two year bear market we just experienced. It could take another year to reach the $1200 level in 2013. That is three year in total.
I think the problem here is whether it can maintain the level it has reached right now. This is not the first time that after it has breached the 300 level we saw some quick selling going on that eventually pulled the price back to the 220 to 240 range. Let's see if it will be different this time.
I believe this time bitcoin may do different things as it has progressed to this level with high volumes than last attempts. It means it has enough reasons to stay there at $300 levels for some time. Sustaining above $300 is more important for further price movement.
The price is going back bellow than $300.
At the moment it is 298 as shows on coindesk bitcoin price chart.
I think it should take the highest level on November or December for this year
If the price rises too fast, it is not good for the medium. We need lower volatility to show the bitcoin as a value store and currency.
We can't maintain a stable price at this range forever, bitcoin is way too small.
A single person can buy up all bitcoins at current price if he wants. That's not healthy for a worldwide currency.
We won't be stable for several years to come, bitcoin is too small and too fresh to be stable.
Yes we will have volatility for several more years.But this will be volatility on the way up!!I can live with that.
I think the problem here is whether it can maintain the level it has reached right now. This is not the first time that after it has breached the 300 level we saw some quick selling going on that eventually pulled the price back to the 220 to 240 range. Let's see if it will be different this time.
I believe this time bitcoin may do different things as it has progressed to this level with high volumes than last attempts. It means it has enough reasons to stay there at $300 levels for some time. Sustaining above $300 is more important for further price movement.
The price is going back bellow than $300.
At the moment it is 298 as shows on coindesk bitcoin price chart.
I think it should take the highest level on November or December for this year
If the price rises too fast, it is not good for the medium. We need lower volatility to show the bitcoin as a value store and currency.
We can't maintain a stable price at this range forever, bitcoin is way too small.
A single person can buy up all bitcoins at current price if he wants. That's not healthy for a worldwide currency.
We won't be stable for several years to come, bitcoin is too small and too fresh to be stable.
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