Price climbing fast again - page 11.

deisik

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Quote from: kryptqnick on January 27, 2017, 04:17:17 PM

We are traitors. We keep discussing the price of bitcoin. Oooh, it's over a thousand! Aah, it's only $850, should I sell? But for a true btc admirer this doesn't mean anything. If you have 0.67btc then no matter what the price is you still have your 0.67btc. And if the price is given in btc then who cares how much is it in USD? It is us who imprison bitcoin and make it depended on dollar, because we don't really look at btc, we look at how much it is in USD

I have to disagree (don't know what other folks might think, though)

Personally, I use the US dollar (and the Russian ruble, for that matter) as a means for increasing my total BTC holdings as well as bitcoins to increase my holdings which are in dollars and rubles. I don't give any preference to any of these in general, but more specifically, I value Bitcoin higher than the rest of the stack because of its higher volatility. In other words, I can increase my total stack (denominated in any currency) faster through it than through other currencies. But ultimately, any of these are only tools for attaining other ends which would be hard to attain without money if possible at all

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We are traitors. We keep discussing the price of bitcoin. Oooh, it's over a thousand! Aah, it's only $850, should I sell? But for a true btc admirer this doesn't mean anything. If you have 0.67btc then no matter what the price is you still have your 0.67btc. And if the price is given in btc then who cares how much is it in USD? It is us who imprison bitcoin and make it depended on dollar, because we don't really look at btc, we look at how much it is in USD.

richardsNY

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Quote from: SvenBomvolen on January 27, 2017, 02:42:30 PM

Quote from: chaser15 on January 27, 2017, 10:59:54 AM

Price are still playing around with no much increase and decrease.

I think this was the correction price is all about. Let's say it will idle for the current level for the moment and able to maintained it for at least weeks, do you think guys that this is a good sign that resistance around $900 is really strong. If that is the case, then it's a good bottom to consider before going again on the big price increase.

900 $ bottom is great, that is highest bottom ever. Price is holding for a while and resistance is strong on this price that is noticeable.
I dont look at this like on fast rise, price is slowly going back where it was. Lets hope we will see 1000$ again and very soon.

Not sure what makes you think like that, but the $900 level isn't a bottom at all. There is no real support on any of the exchanges. It won't take that many coins (in terms of decently stacked traders) to get the price to dive below $900 again. If you closely pay attention to how the market has been moving recently, then it shouldn't come as a surprise that we'll dive below $900 before the end of next week. Ups and downs will remain for a good while.

SvenBomvolen

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Quote from: chaser15 on January 27, 2017, 10:59:54 AM

Price are still playing around with no much increase and decrease.

I think this was the correction price is all about. Let's say it will idle for the current level for the moment and able to maintained it for at least weeks, do you think guys that this is a good sign that resistance around $900 is really strong. If that is the case, then it's a good bottom to consider before going again on the big price increase.

900 $ bottom is great, that is highest bottom ever. Price is holding for a while and resistance is strong on this price that is noticeable.
I dont look at this like on fast rise, price is slowly going back where it was. Lets hope we will see 1000$ again and very soon.

soros017

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Quote from: Factmine on January 27, 2017, 11:18:37 AM

Quote from: chaser15 on January 27, 2017, 10:59:54 AM

Price are still playing around with no much increase and decrease.

I think this was the correction price is all about. Let's say it will idle for the current level for the moment and able to maintained it for at least weeks, do you think guys that this is a good sign that resistance around $900 is really strong. If that is the case, then it's a good bottom to consider before going again on the big price increase.

I think so, bitcoin has did this kind of bounces and it seems that we're sticking to this level of price. Well, I hope so. I don't want to see another morning looking at the price which is down by 20%. Let's all just be wary about the price drops and increases that we might experience in the near future.

This may drop a bit, but not that much. I think it will be difficult to see the price drop to such levels, after this recovery phase. Bitcoin is still recovering from all this whole FUD, and there is good support in the market for the current price ranges. It is important to be aware of the news, but it is even more important to check if the sources are reliable and if the information is in line with reality. That way you decrease the chances of panic selling.

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Quote from: cpfreeplz on January 27, 2017, 11:33:54 AM

Quote from: BillyBobZorton on January 26, 2017, 08:30:45 AM

We went like 15 dollars up in very short time. Looks like the days of the chinese dumps are over. Now everyone dumping coins is risking getting out of the game on this very stable 900-high 800$ floor, and in bitcoin the rocket can stat functioning at any given and if you are in the wrong side you'll miss all the fun.

What the hell are you talking about? A $15 gain means absolutely nothing. I saw the thread and thought I missed something when I checked the price. Nope. Wow. A 2% gain or less, whoop Dee doo. Bitcoins are just very stable the past week. Don't let a $15 rise get your panties in a knot.

When we see $150 swings, now we're talking!

Yes, it's increasing normally yet, nothing absurd. I prefer this way, we will have a sustainable increasiment in the price of bitcoin. If the price increases fast a lot, it will drop fast a lot too and I think nobody here wants it, well some maybe want... But I believe most want to have a bitcoin pricing a lot in the future and not a climb, down every week in looping.

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Quote from: BillyBobZorton on January 26, 2017, 08:30:45 AM

We went like 15 dollars up in very short time. Looks like the days of the chinese dumps are over. Now everyone dumping coins is risking getting out of the game on this very stable 900-high 800$ floor, and in bitcoin the rocket can stat functioning at any given and if you are in the wrong side you'll miss all the fun.

What the hell are you talking about? A $15 gain means absolutely nothing. I saw the thread and thought I missed something when I checked the price. Nope. Wow. A 2% gain or less, whoop Dee doo. Bitcoins are just very stable the past week. Don't let a $15 rise get your panties in a knot.

When we see $150 swings, now we're talking!

deisik

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Quote from: chaser15 on January 27, 2017, 10:59:54 AM

Price are still playing around with no much increase and decrease.

I think this was the correction price is all about. Let's say it will idle for the current level for the moment and able to maintained it for at least weeks, do you think guys that this is a good sign that resistance around $900 is really strong. If that is the case, then it's a good bottom to consider before going again on the big price increase

Or it will make a good future resistance

In fact, we can only hope that the price will go higher, but ultimately it is no more than our wishful thinking or just a hope for the better. The only thing that we can be certain of is that the longer the price stays at the current level, the stronger its next movement will be. This is what always happens because people are impatient overall, and they move their orders closer and closer to the current price range over time, so it is like two walls building up on either side of the price, and when the price finally breaks through one of these walls (which is inevitable), its push will be unstoppable

Factmine

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Quote from: chaser15 on January 27, 2017, 10:59:54 AM

Price are still playing around with no much increase and decrease.

I think this was the correction price is all about. Let's say it will idle for the current level for the moment and able to maintained it for at least weeks, do you think guys that this is a good sign that resistance around $900 is really strong. If that is the case, then it's a good bottom to consider before going again on the big price increase.

I think so, bitcoin has did this kind of bounces and it seems that we're sticking to this level of price. Well, I hope so. I don't want to see another morning looking at the price which is down by 20%. Let's all just be wary about the price drops and increases that we might experience in the near future.

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Price are still playing around with no much increase and decrease.

I think this was the correction price is all about. Let's say it will idle for the current level for the moment and able to maintained it for at least weeks, do you think guys that this is a good sign that resistance around $900 is really strong. If that is the case, then it's a good bottom to consider before going again on the big price increase.

Barbut

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15 dollars isn`t some big rise, bitcoin is capable to go up or down much more then 15 dollars. Today`s law is $ 909.40, highest was $921.22, it`s clear that bitcoin daily fluctuations are in that 15-30 dollars range, and everything in that borders is just fine. Price is very stable if you ask me, we are close and over 900 for a while, recent pump and dump didn`t affect price like 4 years ago, price is strong and I hope we will continue this steady grow in first quarter of the 2017.

deisik

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Quote from: 1Referee on January 27, 2017, 09:58:02 AM

Quote from: pooya87 on January 27, 2017, 12:55:51 AM

it is possible that now because of Chinese market with fee, prices become even more stable. they can no longer make as many trades and their positions become more careful instead of being fast and loose with the orders because of zero fees. and also because of the lower volume from there people will panic less

Flash trading was the number 1 reason people were using these Chinese exchanges, and now all of the major exchanges have enabled fees for their trading platforms, where these flash traders are now put off-side. I quite often have seen how in a matter of seconds several +10,000BTC orders were dumped into a more than equal amount of CNY to catch up the dump and scoop up a slight profit percentage. If you look at profits of 0.1% per time, then it doesn't seem like much, but if you do that plenty of times every day, then do the math; 0.1% of 1BTC = 0.001BTC in profits and do that x a few thousand BTC (for the purpose of this example let's take 3000BTC) 3000 x 0.001BTC = 3BTC just from buying and selling into their own orders. It's a simple but more than effective/profitable manner of flash traders where they exploit the weakness of other traders their bots that aren't programmed well enough

This is a trick well known to experienced bot developers

Basically, it is one bot fooling another bot into either a sell or a buy lower or above the market price, respectively. It works as follows. If some bot is stupidly placing a sell or buy order of a particular size, another bot programmed specifically against this type of bots traces the orderbook and when it sees that the opposite orders are smaller in total that the first bot order size, it quickly buys or sells enough orders (you will see that as a sudden spike up or down on the price chart), then awaits when the stupid bot follows the price change placing its orders higher (or lower), and finally the smart bot fills the stupid bot orders at a price which is substantially lower or higher than the market price

That's how it might look like in practice

1Referee

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Quote from: pooya87 on January 27, 2017, 12:55:51 AM

it is possible that now because of Chinese market with fee, prices become even more stable. they can no longer make as many trades and their positions become more careful instead of being fast and loose with the orders because of zero fees. and also because of the lower volume from there people will panic less

Flash trading was the number 1 reason people were using these Chinese exchanges, and now all of the major exchanges have enabled fees for their trading platforms, where these flash traders are now put off-side. I quite often have seen how in a matter of seconds several +10,000BTC orders were dumped into a more than equal amount of CNY to catch up the dump and scoop up a slight profit percentage. If you look at profits of 0.1% per time, then it doesn't seem like much, but if you do that plenty of times every day, then do the math; 0.1% of 1BTC = 0.001BTC in profits and do that x a few thousand BTC (for the purpose of this example let's take 3000BTC) 3000 x 0.001BTC = 3BTC just from buying and selling into their own orders. It's a simple but more than effective/profitable manner of flash traders where they exploit the weakness of other traders their bots that aren't programmed well enough.

Immakillya

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C'mon. Thats was just normal movement of price. Anyone can dump and buy bitcoin. I thats whats happen. Thats why we see the price goes up and down. Thats not a sign of price surge. $15 increase of price is not a sign of price surge. We can tell if its price surge if the price is quickly moving up fast.

xIIImaL

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Quote from: boyptc on January 27, 2017, 04:50:37 AM

As per checking bitcoin's price on preev. I can say that it is flooring with $900 already and the current price is $913. I can say that it is just like a calm wave in the ocean and just waits for a big ship to have its way to make a big wave. It is not climbing fast again but base on what's happening today, this is a good indication that bitcoin is good.

After the recent dump we saw the value under the 800$ but suddenly again price rising and still rising and today price is set to 920$. I see the most of the speculations are saying bitcoin will increase nearly 1200$ in this year itself. I hope it come true.

deisik

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Quote from: jakelyson on January 26, 2017, 10:17:41 AM

Quote from: BillyBobZorton on January 26, 2017, 08:30:45 AM

We went like 15 dollars up in very short time. Looks like the days of the chinese dumps are over. Now everyone dumping coins is risking getting out of the game on this very stable 900-high 800$ floor, and in bitcoin the rocket can stat functioning at any given and if you are in the wrong side you'll miss all the fun.

If you will compare it to previous burst, this is not fast enough. I can say that this is just normal pace bitcoin wise.
I read that investors are dumping gold in order to buy bitcoin. Maybe that is the reason the price is moving up again. We will see if there are enough movers to push the price back to 1000$.

Where did you hear this?

Investors and short-term speculators alike have billions invested in gold and gold derivatives such as gold futures and options. Gold derivatives are typically used to hedge against abrupt price changes in the stock of the gold mining companies, so I can't really understand why these investors may be interested in Bitcoin and abandon gold. It is a completely different market. Some gold bugs may pour some money into it, of course, but I don't think that their number is great by any means

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Quote from: boyptc on January 27, 2017, 04:50:37 AM

As per checking bitcoin's price on preev. I can say that it is flooring with $900 already and the current price is $913. I can say that it is just like a calm wave in the ocean and just waits for a big ship to have its way to make a big wave. It is not climbing fast again but base on what's happening today, this is a good indication that bitcoin is good.

for this time i cannot see the fast surging of price for bitcoins statistics, since the price is just playing for 900$ and op's thoughs is little advantage and doesn't have any strong basis in reality, we just stick for the fact that price for now is stable and im happy for it for the current price since its still high unlike those past years where btc price soar down for more,

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As per checking bitcoin's price on preev. I can say that it is flooring with $900 already and the current price is $913. I can say that it is just like a calm wave in the ocean and just waits for a big ship to have its way to make a big wave. It is not climbing fast again but base on what's happening today, this is a good indication that bitcoin is good.

Wolf Rainer

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This is part of the Chinese manipulation. If you see the Chinese markets volume it will become very clear that the most of the asian market is resting, and is only a small group of whales making noise.

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Quote from: RoommateAgreement on January 27, 2017, 02:18:48 AM

looks like OP spoke too fast. after about a day price is still that same $15 higher. and rises of this size is normal for bitcoin, there used to be a time when prices changed a lot bigger than this.
in any case market seems to be a little bit calm these days, not willing for fast and big changes.

Yeah maybe you're right, OP too quick to conclude bitcoin price increases. But it was not a problem and I appreciate it Wink

It was a reasonable price increase from bitcoin, and the price is still a bit stable does not change too much. Market conditions like this still will last a long time, even later will tend to fluctuate.

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