Topic: Over 700$ in China now. The West is following soon. (Read 1369 times)

Quote from: WiiD on June 12, 2016, 05:11:17 PM

Remember guys that there are loads of people who bought at $600+ in 2014 who have been holding waiting for the price to go back up. Some of them will sell, just saying...

......Or most of them will be relieved to break even & now be looking forward to seeing profit in the future. Who the hell waits 2 years to just break even Grin

Well, it's not so bad if you think about it. They've made $90 profit so far on every coin that they bought back in 2014, and it's not bad. It's actually better than bank interest if you had deposited your money for the same period of time.

Definitely a huge soar of price right now though, might be an adjustment coming soon.

Meuh6879

legendary

Activity: 1512

Merit: 1011

things are irationnal now.
even at high price, people keep buying ... the trust ! (like every early adopter)

Wait for the 3200 USD.

Cyaren

sr. member

Activity: 294

Merit: 250

FOMO starts. Buy or die.

Well I agree with what you're saying right now, buy or die, but where did you get the stats that the price is over $700 in China? I have no idea how you got those prices but, it could be possible.

Halving is definitely going to push the bitcoin price up up up.

safari88

legendary

Activity: 1960

Merit: 1026

Quote from: WiiD on June 12, 2016, 05:11:17 PM

FOMO starts. Buy or die.

a situation that is really hard, but look at the price continues to rise and halving still a few weeks away, increasing the potential is still there. so maybe not so bad to buy.

oblivi

hero member

Activity: 700

Merit: 501

Quote from: ImHash on June 12, 2016, 07:05:54 PM

Remember guys that there are loads of people who bought at $600+ in 2014 who have been holding waiting for the price to go back up. Some of them will sell, just saying...

Just said it before, they will sell, those are the weak hands that will get shaked. They will get small profits while holders keep getting rich.
We are going to go beyond the last ATH before 2017.

WiiD

sr. member

Activity: 756

Merit: 250

where do you guys mostly trade bitcoins? where your prices coming from?

www.bitcoinwisdom.com

ImHash

hero member

Activity: 924

Merit: 506

where do you guys mostly trade bitcoins? where your prices coming from?

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

Quote from: LFC_Bitcoin on June 12, 2016, 06:56:07 PM

Remember guys that there are loads of people who bought at $600+ in 2014 who have been holding waiting for the price to go back up. Some of them will sell, just saying...

......Or most of them will be relieved to break even & now be looking forward to seeing profit in the future. Who the hell waits 2 years to just break even Grin

Exactly my situation... just broke even (with 18% ROI now) and I'm staying... I didn't go though the pain for 2.5 years for fucking 18% roi in bitcoinland

LFC_Bitcoin

legendary

Activity: 3528

Merit: 9525

#1 VIP Crypto Casino

Remember guys that there are loads of people who bought at $600+ in 2014 who have been holding waiting for the price to go back up. Some of them will sell, just saying...

......Or most of them will be relieved to break even & now be looking forward to seeing profit in the future. Who the hell waits 2 years to just break even Grin

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

Remember guys that there are loads of people who bought at $600+ in 2014 who have been holding waiting for the price to go back up. Some of them will sell, just saying...

If you've sat it out for 2-3 years and the price is looking rather explosive would you sell for a $5 profit?

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Remember guys that there are loads of people who bought at $600+ in 2014 who have been holding waiting for the price to go back up. Some of them will sell, just saying...

oblivi

hero member

Activity: 700

Merit: 501

Quote from: gentlemand on June 12, 2016, 05:23:21 PM

Why the hell would the Chinese give the remotest shit about a Belgian bank having problems?

and who said that we rose because of chinese?

China has trillions of potential dollars that want to come in Bitcoin because gold is shit to move from country to country, and all stocks are worthless.

Then the west will wake up and start stacking up as well.

Bitcoin $1,000+ soon, EASY.

Biodom

legendary

Activity: 3738

Merit: 3848

Quote from: emanymton on June 12, 2016, 06:14:09 PM

Quote from: talks_cheep on June 12, 2016, 05:57:59 PM

Quote from: Biodom on June 12, 2016, 05:47:31 PM

Quote from: talks_cheep on June 12, 2016, 05:57:59 PM

and who said that we rose because of chinese?

Very simple! The price of Bitcoin says so:

Huobi price: $713

Bitfinex price: $672

that is nothing, it just reflects the speculation level.
so, what does btc-e low price reflect?
if anything these prices reflect that chinese exchanges are more speculative, as mtgox price was higher than every other exchange for months before going tits up.

Denial is strong in Biodom. Weeks long, Chinese have been buying in massive scale. Western banks have been closing since 2008 and nobody gives shit. CNY has been slowly devaluing, Chinese are converting their money to dollars, gold and btc. That's what's driving the price rise.

Agreed, arbitrage will see the prices in the west follow the chinese price. I'm not sure why the chinese are buying but it looks clear that they are driving the rally. The reason why gox was higher than the others in the past was due to no cash withdrawals for months before the collapse.

not so re mtgox, the price on it it was higher even before no cash withdrawals. to me, high level on chinese exchanges reflects no cost transactions, high leverage (up to 1:20, which is crazy) and, maybe, also stronger desire than in the west to diversify from their local currency for btc in a situation where they are limited by the $50K cap on foreign exchange. Chinese companies themselves think that btc price on their exchanges is fake (overpriced).

1Referee

legendary

Activity: 2170

Merit: 1427

China just reached $725 while Bitfinex & Co are more than $45 behind at the moment. It's a huge gap that need to be filled.

emanymton

full member

Activity: 219

Merit: 106

Quote from: Biodom on June 12, 2016, 05:47:31 PM

Quote from: Biodom on June 12, 2016, 05:47:31 PM

and who said that we rose because of chinese?

Very simple! The price of Bitcoin says so:

Huobi price: $713

Bitfinex price: $672

that is nothing, it just reflects the speculation level.
so, what does btc-e low price reflect?
if anything these prices reflect that chinese exchanges are more speculative, as mtgox price was higher than every other exchange for months before going tits up.

Denial is strong in Biodom. Weeks long, Chinese have been buying in massive scale. Western banks have been closing since 2008 and nobody gives shit. CNY has been slowly devaluing, Chinese are converting their money to dollars, gold and btc. That's what's driving the price rise.

Agreed, arbitrage will see the prices in the west follow the chinese price. I'm not sure why the chinese are buying but it looks clear that they are driving the rally. The reason why gox was higher than the others in the past was due to no cash withdrawals for months before the collapse.

talks_cheep

legendary

Activity: 1036

Merit: 1000

and who said that we rose because of chinese?

Very simple! The price of Bitcoin says so:

Huobi price: $713

Bitfinex price: $672

that is nothing, it just reflects the speculation level.
so, what does btc-e low price reflect?
if anything these prices reflect that chinese exchanges are more speculative, as mtgox price was higher than every other exchange for months before going tits up.

Denial is strong in Biodom. Weeks long, Chinese have been buying in massive scale. Western banks have been closing since 2008 and nobody gives shit. CNY has been slowly devaluing, Chinese are converting their money to dollars, gold and btc. That's what's driving the price rise.

criptix

legendary

Activity: 2464

Merit: 1145

Mhm maybe its time to take profit now.
I was leverage long around 500.

Feels kinda tight now :8

Biodom

legendary

Activity: 3738

Merit: 3848