chinese say next target 4000CNY ? / $600 - page 2.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: uki on November 03, 2015, 11:14:43 AM

Quote from: Amph on November 03, 2015, 03:52:21 AM

Quote from: Republic of Coin on November 03, 2015, 03:15:22 AM

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

gemini, eu vat free, chinese unofficially limit the restriciton about bitcoin, some random manipulation + noobs get sucked in + panic buy

the same story for every pump, random good news + panic buy

hold on. None of the news you mention is something to rely on or to start the spark. Some usual suspects that are repeated every time the train starts to roll on.

Gemini - no updates on the details of the launch date, nor operation. still a 'project that will be launched soon'. Since more than a year.
eu vat free - for now nothing changed in Germany or Sweden. The statement you mention has zero effect on regulations.
chinese lifting the restrictions - who really knows that?
manipulation - more probable, no evidence however and hard to get any.

1) gemini has been trading for some time now..
2) the ruling has been made EU wide
3) btcc today reopened direct chinese banking deposits..
4) of course..as always..this time upwards instead

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: Amph on November 03, 2015, 03:52:21 AM

Quote from: Republic of Coin on November 03, 2015, 03:15:22 AM

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

gemini, eu vat free, chinese unofficially limit the restriciton about bitcoin, some random manipulation + noobs get sucked in + panic buy

the same story for every pump, random good news + panic buy

hold on. None of the news you mention is something to rely on or to start the spark. Some usual suspects that are repeated every time the train starts to roll on.

Gemini - no updates on the details of the launch date, nor operation. still a 'project that will be launched soon'. Since more than a year.
eu vat free - for now nothing changed in Germany or Sweden. The statement you mention has zero effect on regulations.
chinese lifting the restrictions - who really knows that?
manipulation - more probable, no evidence however and hard to get any.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: Tstar on November 03, 2015, 04:00:59 AM

http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed

This is a good read regarding why we are having this chinese train to the atmosphere.

Quote

Which again brings us back to our conclusion from two months ago:

... if a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print.

So I guess this is a reason then. Yes, this was one of the good news and the biggest contender by far for this huge run.

I guess that Bitcoin will strive the most on the failures and bad luck of other governments and their financial systems. This is why Satoshi has designed it and released it. To help people all over the world get rid of governmental clamps and to show governments that there are other ways, not just their way.

Tstar

legendary

Activity: 1176

Merit: 1005

Decentralized Asset Management Platform

http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed

This is a good read regarding why we are having this chinese train to the atmosphere.

Quote

Which again brings us back to our conclusion from two months ago:

... if a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print.

katafrag

full member

Activity: 216

Merit: 100

Quote from: Republic of Coin on November 03, 2015, 03:15:22 AM

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

Systemic failure of the Economic system

China buying hundred tons of gold and now interested in Bitcoin

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Republic of Coin on November 03, 2015, 03:15:22 AM

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

gemini, eu vat free, chinese unofficially limit the restriciton about bitcoin, some random manipulation + noobs get sucked in + panic buy

the same story for every pump, random good news + panic buy

Asrael999

hero member

Activity: 703

Merit: 502

Quote from: Republic of Coin on November 03, 2015, 03:15:22 AM

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

Mavrodi's Ponzi and the use of bitcoin to enter it.

Republic of Coin

sr. member

Activity: 271

Merit: 250

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

Scream

sr. member

Activity: 476

Merit: 250

U will never know the true answer, before you try

Quote from: Scream on November 02, 2015, 11:23:01 AM

Quote from: Republic of Coin on November 02, 2015, 11:02:11 AM

Quote from: Scream on November 02, 2015, 09:59:56 AM

if the market runs smoothly as it is today
very easy to hit $600 at end of this year

$450 at end of nopember
$600 at end of december

Grin

The above number is possible. I would like a much slower and steadier rise.

$350 at end of November
$400 at end of December

you can open https://bitcoinwisdom.com/markets/huobi/btccny
price at Huobi $354.84/2249.09 CNY

it's very easy to get $400 at HUOBI

current rate at Huobi $397.09/2516.4 CNY
The highest rate $402/ 2550CNY

yay!!!! Grin

im true

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: amiryaqot on November 02, 2015, 04:40:00 AM

Quote from: Amph on November 02, 2015, 03:29:14 AM

so half of the last ath is repeating itself in about the same time-frame(end of november, first days of december) and this due to chinese again, no surprise there

Yes now are entered into the same time-frame like we had in 2013 with bullish Chinese market i also think this is great time to saving our coins and hold them we can see the maximum price for BTCitcoin even more than 2013.

It is way too early to draw such a conclusion. I am not saying it is impossible, but it will be really hard to push all the markets like Mt. Gox did. I know that biggest Chinese exchanges do not have trading fees, but still the most difficult part of it is still in front of us.

Jon Connor

jr. member

Activity: 46

Merit: 1

Quote from: Pab on November 02, 2015, 12:59:17 PM

If will come official news that China legalise bitcoin we will see 600$
Imagine Alibaba accepting bitcoin one time again.Finally China will legalise btc,becouse thay dont want leave bitcoin in shadow

dude if that happened, we would see at least $2000 in a very short amount of time

Republic of Coin

sr. member

Activity: 271

Merit: 250

My original price target for end of 2015 was $300. Now it seems even $500 is possible. The price has risen fast.

quadriple7

sr. member

Activity: 252

Merit: 250

lets hope you are right though i dont think that it is possible

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: Raimonn on November 02, 2015, 01:07:03 PM

600 $ before ending 2015 its a great increase of value, one month ago we could buy bitcoins at 200 $, This was 3x price. Some traders will sell before that price. We need more positive news about regulation of btc in china before going to 600 $.

when the price was $220-$240 people were constanly doubting whether to buy or not. and now you see the price increased with $100. those who bought are happy now.

Raimonn

legendary

Activity: 1470

Merit: 1001

600 $ before ending 2015 its a great increase of value, one month ago we could buy bitcoins at 200 $, This was 3x price. Some traders will sell before that price. We need more positive news about regulation of btc in china before going to 600 $.

Pab

legendary

Activity: 1862

Merit: 1012

If will come official news that China legalise bitcoin we will see 600$
Imagine Alibaba accepting bitcoin one time again.Finally China will legalise btc,becouse thay dont want leave bitcoin in shadow

katafrag

full member

Activity: 216

Merit: 100

Quote from: bigfryguy on November 02, 2015, 10:13:30 AM

Quote from: ztay on November 02, 2015, 09:23:19 AM

Quote from: Mickeyb on November 02, 2015, 09:16:29 AM

OP is this your opinion, or have you actually heard about this from some Chinese people? Because if this is only your opinion, OK, it's not that I don't respect it, but anyone can come with a prediction like this.

I live in Shanghai, and no one is talking about BTC.

you are !!!

The lone wolf of shangai

smith coins

hero member

Activity: 504

Merit: 500

When chinese say then the chances are good to reach.
I really would be happy if the price will reach $600.
I think we should focused to the price of $400 then gradually rise to $600

Scream

sr. member

Activity: 476

Merit: 250

U will never know the true answer, before you try

Quote from: Republic of Coin on November 02, 2015, 11:02:11 AM

Quote from: Scream on November 02, 2015, 09:59:56 AM

if the market runs smoothly as it is today
very easy to hit $600 at end of this year

$450 at end of nopember
$600 at end of december

Grin

The above number is possible. I would like a much slower and steadier rise.

$350 at end of November
$400 at end of December

you can open https://bitcoinwisdom.com/markets/huobi/btccny
price at Huobi $354.84/2249.09 CNY

it's very easy to get $400 at HUOBI

zimmah

legendary

Activity: 1106

Merit: 1005

4 sounds like "die" in chinese, so 4000 might not be a good number in chinese eyes.

I hope we pass 4000 to 5000 quickly, because if bitcoin stays too long at 4000 maybe chinese will not want to buy it.

Once we get to 6000 and 8000 we can see some fun price action though.

Topic: chinese say next target 4000CNY ? / $600 - page 2. (Read 4257 times)