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Topic: Bitcoin Rushes Over 950$ (Read 1566 times)

hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
February 01, 2017, 10:07:56 AM
#27
bitcoin is the future money and a lot of people have invested in it, we all know soon there won't be enough for all of us and today being 1 in a million.
the year before the last it meant with only $4600 you could be 1 in a million.
last year it meant investing less than $10,000
and today it means investing about $20,000 to be 1 in a million.
and this will go on and things will become harder when you get in late.

(in case you didn't know 1 in a million means having 21 bitcoin out of the 21 million max)
legendary
Activity: 1162
Merit: 1000
February 01, 2017, 09:37:09 AM
#26
As I see the price is 980$ now and just yesterday it was 930$. No one will clearly say the factor of such fast grow maybe that what you called as the reason is really like that. Anyway I am happy of this suddenly grow.

where is/was the price $980?

I see only $967 and maximum lower than $980, and for less than 15min

And the volume is back to the pre rise level, so probably there will be some stability, but still too late to see the long term result(price could be stable for only a couple of hours for example)
legendary
Activity: 2240
Merit: 1069
February 01, 2017, 09:35:31 AM
#25
Let us see if this price hike can sustain itself. If it holds in this level, maybe we will reach 1000$ within this month. It has been slowly going up since it dropped to 735. The growth is slow but it is moving up steadily. I hope there is no large dumps if ever we reach 1000$ so we can enjoy a high price.
hero member
Activity: 994
Merit: 502
February 01, 2017, 09:13:05 AM
#24
We topped out at 979 on coinbase, now dropping like a rock. We be going down to 800 in no time. Sorry noobs.

We topped, but this time the price sustains for a long. It won't fall immediately because the price increase did't happen due to the big whales holding and releasing at time to make a big fluctuation. This has happened after a fall, and now regaining potential gradually without the impact of external market and Chinese miners.
legendary
Activity: 1372
Merit: 1005
February 01, 2017, 08:35:10 AM
#23
Now you have to change the thread title, we are almost at $1000 and if we can hold above that level for a few days, then the sky is the limit.

Yup, Its 972$ today. I see that this is healthy price hike bitcoin chart from the last month. I think we gonna mark the highest bitcoin value again in this year like last Christmas pump.  As of now, holding would be the most preferable option for all the people in the forum except traders.
legendary
Activity: 1036
Merit: 1000
February 01, 2017, 07:37:21 AM
#22
We topped out at 979 on coinbase, now dropping like a rock. We be going down to 800 in no time. Sorry noobs.
hero member
Activity: 896
Merit: 500
February 01, 2017, 06:04:49 AM
#21
Now you have to change the thread title, we are almost at $1000 and if we can hold above that level for a few days, then the sky is the limit.
sr. member
Activity: 294
Merit: 250
February 01, 2017, 05:53:37 AM
#20
As I see the price is 980$ now and just yesterday it was 930$. No one will clearly say the factor of such fast grow maybe that what you called as the reason is really like that. Anyway I am happy of this suddenly grow.
hero member
Activity: 1050
Merit: 529
February 01, 2017, 05:50:38 AM
#19
Well yeah, I was a bit surprised to see this much of a rise since the past month has been very calm. As you said it most probably because of the china's trading platforms stopping the margin trading, I expect the price to drop after this but well who cares if it is increasing it is excellent.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
February 01, 2017, 04:41:28 AM
#18
But you should also expect the opposite to happen!
why?
if you are just guessing then it is worth nothing at all!

Quote
I wouldn't wonder if we go down back where we were two days ago.
i would wonder and i would wonder a lot because there is not possible reason for going down at this point. we saw down after the rise which was the result of a correction. now it is time to continue to rise.

Quote
Until nothing big is getting announced, like an ETF getting approved, or Blocksize debate finally peaceful solved and everybody is hugging each other, I don't see a reason why we should shoot up now without dropping again.
people are investing in bitcoin and they buy and hold it like stocks or shares. the investors don't care about these things!

and these things help the adoption and a huge rise which means going from $920 to $3000 not $920 to $1100

Quote
Don't get me wrong.I love when the price moves up and I believe in Bitcoin on long term as well. But the volume is still very low and therefore some guys can play the market very easily at the moment.
Therefore I'm not getting too excited, especially short term.
the volume is actually very high if you take a look at it. and it is continuously rising each year with more adoption.

what you say is no volume but the size of the orderbook which is not big enough yet.
legendary
Activity: 1442
Merit: 1016
February 01, 2017, 04:29:48 AM
#17
At preev it's now $964 and this is a good news for everyone especially those calm bitcoin holders out there.

And I just slept for almost 9 hours and now the price did pump to $964 this is amazing and probably it can keep on pumping up to $1k.

Maybe I need to take a nap again.


But you should also expect the opposite to happen!
I wouldn't wonder if we go down back where we were two days ago.
Until nothing big is getting announced, like an ETF getting approved, or Blocksize debate finally peaceful solved and everybody is hugging each other, I don't see a reason why we should shoot up now without dropping again.
Don't get me wrong.I love when the price moves up and I believe in Bitcoin on long term as well. But the volume is still very low and therefore some guys can play the market very easily at the moment.
Therefore I'm not getting too excited, especially short term.
hero member
Activity: 518
Merit: 500
February 01, 2017, 12:43:23 AM
#16
Bitcoin rushes over $950

Current prices show an increase of almost 4% in Bitcoin price in the last 24 hours of trading. With a high of $959.37, this is the highest price in the last 3 and a half weeks. At the time of writing this post the price was $956.78.

This increase is probably due to China’s biggest Bitcoin trading platforms putting a stop to trading BTC without any fees.

~%4 which has been around $30 rise for bitcoin is nothing to celebrate over and call moon. but it certainly is great. and we will continue seeing more rises.

but i think the reason for this is because whales who were shaking out the weak hands and then started accumulating over an stable price of $918is are now done and let loose of their walls. and possibly it is because of a light increase in demand from those who sold before and now have stopped panicking and are buying back in .
We might be able to see the $1000 price again, sooner than expected. When the price pulled back a few weeks ago, I thought we were going to go below $800 and stay there for a while. Now the march towards $1000 is here again. What's the next resistance level, if I may ask?
legendary
Activity: 3472
Merit: 10611
January 31, 2017, 11:57:07 PM
#15
Bitcoin rushes over $950

Current prices show an increase of almost 4% in Bitcoin price in the last 24 hours of trading. With a high of $959.37, this is the highest price in the last 3 and a half weeks. At the time of writing this post the price was $956.78.

This increase is probably due to China’s biggest Bitcoin trading platforms putting a stop to trading BTC without any fees.

~%4 which has been around $30 rise for bitcoin is nothing to celebrate over and call moon. but it certainly is great. and we will continue seeing more rises.

but i think the reason for this is because whales who were shaking out the weak hands and then started accumulating over an stable price of $918is are now done and let loose of their walls. and possibly it is because of a light increase in demand from those who sold before and now have stopped panicking and are buying back in .
hero member
Activity: 3038
Merit: 634
January 31, 2017, 11:39:51 PM
#14
At preev it's now $964 and this is a good news for everyone especially those calm bitcoin holders out there.

And I just slept for almost 9 hours and now the price did pump to $964 this is amazing and probably it can keep on pumping up to $1k.

Maybe I need to take a nap again.
sr. member
Activity: 560
Merit: 269
January 31, 2017, 09:47:32 PM
#13
We are at $970 to be exact. Thats a good sign! We already break the $950 sleepy spell. After sevaral days of stable trading. At last, the price surge is happening again. Hope the rally continues until we hit $1000 again. Despite of PBOC interference. Bitcoin still manage to pump. Actually its on the news http://www.coindesk.com/bitcoin-price-jumps-950/
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
January 31, 2017, 09:02:37 PM
#12
To infinity and beyond!
legendary
Activity: 2179
Merit: 1201
January 31, 2017, 06:52:42 PM
#11
See you @3600
hero member
Activity: 1694
Merit: 541
January 31, 2017, 06:37:32 PM
#10
Bitcoin rushes over $950
Current prices show an increase of almost 4% in Bitcoin price in the last 24 hours of trading. With a high of $959.37, this is the highest price in the last 3 and a half weeks. At the time of writing this post the price was $956.78.
This increase is probably due to China’s biggest Bitcoin trading platforms putting a stop to trading BTC without any fees.
There are multiple reasons for the price rise but the single most reason for the current surge in price is because of the uncertainty regarding the US economy and with Donald Trump being the president and his current actions of banning people from several countries and if these sort of policies continues the uncertainty level on what his future blunders will make a difference in the price of bitcoin.
Pab
legendary
Activity: 1862
Merit: 1012
January 31, 2017, 06:25:45 PM
#9
Volume move to global exchanges what are no charging fees,but it will end up soon,becouse thay will also have to charge fees,so lets see what will happen next days,maybe it is not only about fees,bitcoin is anticipating future events,stocks are on sell,forex is very risky so bitcoinis is gaining
legendary
Activity: 1540
Merit: 1003
January 31, 2017, 05:46:04 PM
#8
Bitcoin rushes over $950
Current prices show an increase of almost 4% in Bitcoin price in the last 24 hours of trading. With a high of $959.37, this is the highest price in the last 3 and a half weeks. At the time of writing this post the price was $956.78.
This increase is probably due to China’s biggest Bitcoin trading platforms putting a stop to trading BTC without any fees.

At the moment of writing the bitcoin price is $969.99 and I'm happy to see the bitcoin chart increase and green.

While bitcoin price is increasing just check the exchange rate and mostly all coins have negative change but it's not bad at all.

Someone is saying this bitcoin price change is because of Trump, some other because of China, which one is nearer the reality, maybe the fees of chinese exchanges?
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