Topic: Looks like we are going to test $1,300+ - page 4. (Read 3330 times)
i am sure the trend is not gonna resist the rise, because it has been soaring incessantly; thus the price of being $1500 within this month is possible, yet do not forget the competition of mining would affect the bitcoin price: if the fee is too high, more likely the price is trowed down for less volume expected.
things are a little bit slow and scary right now with price stuck at $1280ish and it is scary because we have not yet seen a correction after the sudden rise to this price. at this point I don't know whether to hope for more rise to $1300 and above or to hope it stays here for a while and rise up later for more accumulation and a better buy support shaping up.
also whenever a shakeout happens I become more sure of the rise and I have a new entry point which I don't have right now
also whenever a shakeout happens I become more sure of the rise and I have a new entry point which I don't have right now
We have recent Canadian farm and Bitmain farm to thank for price increased past month not the ETF, people admitting that ETF is not going to be approved so I doubt if they buy in with a low probability of approval.
I don't rule out other aspects as being a part reason as to why the price is going up, but the ETF does play an important role here. If this ETF gets approved, expect a well sized influx of institutional investors standing in line to buy themselves into this ETF. Without capital from institutional investors, expect nothing close to $10,000, ever. Their money is needed to bring the Bitcoin market to the next level.
I don't think having a price more than $1300 is a safe and wise move.
Price should go back to $1150 for a while.
Price should go back to $1150 for a while.
It all depends on what the SEC will do next week. If the ETF awaits approval, then we'll leave behind $1300 to go over $1400 with perhaps a near touch of the $1500 level. If the ETF gets disapproved, then expect a dump to happen where we might even see the price dive well below $1100 again. Market action guaranteed this month for traders.
Well we are nearing to see that the price of bitcoin seems to be fair with $1,300+ and I guess we don't need to take some sleep tonight. It's like a $1,300's eve so if you want to witness the price to reach on that mark, then just monitor the price tonight. But I'm also worried that after reaching $1,300 price can also go down slowly.
Bitcoin would really test it out to reach that price point which is really very high and we are all glad to see these thing and for those who hold longer more on their bitcoin for sure they are making profits as of now and maybe we would able to reach even $1500 on this year.
$1300 is gonna test all the BTCBTCBTC market's fundamentals. At this point, I'm not pretty sure of what's driving the rise, surging demand? I think not.
well price was low for a very long time, and it was time for a rise. remember the pre $1000 period? by that time everyone was planning on selling their coins on $1000 and that created a big sell pressure because of the mentality but that mentality no longer exists because we are higher than that price so sell pressure is also smaller.
on top of that the ETF hype is a serious thing that has contributed to this rally a lot.
$1300 is gonna test all the BTCBTCBTC market's fundamentals. At this point, I'm not pretty sure of what's driving the rise, surging demand? I think not.
I was wondering about motor behind this rise myself. But it has been almost a month without any major news.The only thing I can think of is ETF case. Traders are sitting tight and waiting whether COIN ETF will be accepted.
So if I am right and ETF is the only reason, then imagine, how huge dump will be, when we will see negative SEC response.
$1300 is gonna test all the BTCBTCBTC market's fundamentals. At this point, I'm not pretty sure of what's driving the rise, surging demand? I think not.
Bitstamp tested $1298 some hours ago. Interestingly for some reason, it's higher than the Bitfinex peak at $1294 (bitfinex always has the higher price for some reason)
In any case, looks like we will test the barrier again, we'll see what happens.
In any case, looks like we will test the barrier again, we'll see what happens.
small differences like this are normal, it is because orderbook is not the same size in all exchanges and sometimes when someone buys or sells large amounts it eats through these orders faster than the other places.
and it seems like we are behind another barrier, the $1300 and since we have been rising all week it may take a bit longer than you might think to get over it.
These are interesting days on the market. I think the $ 1500 range is something possible, but it would be even better if it were something that happened over the course of several weeks, not through a quick pump.
some people already feel lucky when the price reaches 1300USD. but I still hope that there will be a price movement over 1500USD. bitcoin prices could continue to rise due to the current trend in the financial markets bitcoin is improving.
ETF denial will shatter our dream of crossing $1500. So enjoy this small positive price fluctuation while we still can.We have couple more days to test resistance and $1300 is not far away target. Remember to sell your coins before 11 March if you want to profit.
I think its a pretty safe bet that the price will dip below 1300 sometime in the near future regardless of the decision. Sell
some people already feel lucky when the price reaches 1300USD. but I still hope that there will be a price movement over 1500USD. bitcoin prices could continue to rise due to the current trend in the financial markets bitcoin is improving.Wheeew. This is nutty, and of course I'm caught not owning much bitcoin. At least I own more than I did in 2013. lol
When I look on my Mycelium wallet, it gives a Bitstamp quote, and right now it's saying $1287. I'm happy, though I'm also expecting a pullback.
Probably we will like to have more bitcoin but since you state you have more bitcoin than in the past then you are doing fine, there are people that sold their coins for cheap and have been bitter since then, we just need to keep trying to get more bitcoin, but not right now since it is way too expensive. When I look on my Mycelium wallet, it gives a Bitstamp quote, and right now it's saying $1287. I'm happy, though I'm also expecting a pullback.
I think its a pretty safe bet that the price will dip below 1300 sometime in the near future regardless of the decision. Sell
some people already feel lucky when the price reaches 1300USD. but I still hope that there will be a price movement over 1500USD. bitcoin prices could continue to rise due to the current trend in the financial markets bitcoin is improving.
We have recent Canadian farm and Bitmain farm to thank for price increased past month not the ETF, people admitting that ETF is not going to be approved so I doubt if they buy in with a low probability of approval. I don't think having a price more than $1300 is a safe and wise move.
Price should go back to $1150 for a while.
People are waiting to see if others will going to give bitcoins value by investing large amounts but that is just wrong, you should think for yourself whether or not bitcoin has any value to you and if it does then don't wait for others.
Price should go back to $1150 for a while.
People are waiting to see if others will going to give bitcoins value by investing large amounts but that is just wrong, you should think for yourself whether or not bitcoin has any value to you and if it does then don't wait for others.
I think its a pretty safe bet that the price will dip below 1300 sometime in the near future regardless of the decision. Sell
We are going to that barrier thats for sure. Thats only a few bucks to reach the barrier. Plus the ETF hype that fueling the bitcoin pump. So we are expecting price surge until March 11. The ETF decission is keeping the rally alive. So we hope SEC will going to approved it. It will bull trap if ever ETF is not approved. Hope its just a small dump.
Bitstamp's higher peak was most likely the result of a trader that got a bit too excited. But it's not that big of a deal as it shows that traders are anticipating on prices going far over $1300 next week as we then will know whether or not the ETF gets approved. If case of an approval expect the price to continue going up. I wouldn't be surprised if we happen to reach $1500 before the summer. Holders will be the real winners here.
No doubt, expected prices are way higher than $1300, I would be tempted to claim $2000 is pretty much a given.
Indeed holders win long term, but the problem here is, if ETF doesn't pass, we will most likely see a dip... so if we are able to sell before said dip, we can make big gains by buying back.
It's risky since you risk losing your position by selling at the wrong moment, or by buying back in the wrong moment, or the ETF actually passing and you sell before you go to sleep... it's giving me an headache.
If the ETF doesn't come through then another ETF at some point will. I will definitely secure profits just before the SEC will come up with their final word. I probably will stick to cash out 5-10% of my profits and keep holding the rest. In case the ETF doesn't get approved and the price goes down as result, I'll at least benefit in the way that I can buy back more coins at lower levels. If the ETF gets approved after cashing out some profits, then I'll benefit as well. Either way, I benefit.
Bitstamp's higher peak was most likely the result of a trader that got a bit too excited. But it's not that big of a deal as it shows that traders are anticipating on prices going far over $1300 next week as we then will know whether or not the ETF gets approved. If case of an approval expect the price to continue going up. I wouldn't be surprised if we happen to reach $1500 before the summer. Holders will be the real winners here.
No doubt, expected prices are way higher than $1300, I would be tempted to claim $2000 is pretty much a given.
Indeed holders win long term, but the problem here is, if ETF doesn't pass, we will most likely see a dip... so if we are able to sell before said dip, we can make big gains by buying back.
It's risky since you risk losing your position by selling at the wrong moment, or by buying back in the wrong moment, or the ETF actually passing and you sell before you go to sleep... it's giving me an headache.
If the ETF doesn't come through then another ETF at some point will. I will definitely secure profits just before the SEC will come up with their final word. I probably will stick to cash out 5-10% of my profits and keep holding the rest. In case the ETF doesn't get approved and the price goes down as result, I'll at least benefit in the way that I can buy back more coins at lower levels. If the ETF gets approved after cashing out some profits, then I'll benefit as well. Either way, I benefit.
Indeed holders win long term, but the problem here is, if ETF doesn't pass, we will most likely see a dip... so if we are able to sell before said dip, we can make big gains by buying back.
It's risky since you risk losing your position by selling at the wrong moment, or by buying back in the wrong moment, or the ETF actually passing and you sell before you go to sleep... it's giving me an headache.
It's risky since you risk losing your position by selling at the wrong moment, or by buying back in the wrong moment, or the ETF actually passing and you sell before you go to sleep... it's giving me an headache.
It's a huge unknown therefore an absolutely huge risk. Anyone going all in on a bet on this particular moment may well get their arse handed to them. If ever there was a time to reduce your bet then that would be it. Good luck to the bold ones all the same.
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