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Topic: Price climbing fast again - page 4. (Read 9826 times)

hero member
Activity: 560
Merit: 500
February 19, 2017, 05:40:49 AM
Right now we can't see price climbing up fast since it is stable now. If china PBOC investigation finishes in my opinion we will,see yet another crazy pump and dump but not as big as ever since Chinese exchanges after that might be regulated and manipulating bitcoin's price will have some limits tor them. Well let's just hope the next top one in volume in terms of bitcoin will not try to manipulate price.
legendary
Activity: 1330
Merit: 1009
February 18, 2017, 08:36:42 PM
$1050 barrier broken. We might retest the levels at $1080 that we saw if this keeps up. With only three weeks until ETF decision is made, this looks to me like classic hype bubbling up/accumulation.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
February 16, 2017, 06:10:51 AM
Well, I see that the current price of bitcoin back stable, and does not rise rapidly. I think this is a normal thing. I feel that soon the price of bitcoin will rise rapidly again, and this time may be an opportunity for us, in order to buy bitcoin in significant amounts.

I'm pretty calm now seeing the price to be back and stable moving at $900-$1,000 seems to be a relief to me. I don't want to see the price of bitcoin increase rapidly, we know the opposite thing that it can happen back. If it climbs again faster that will make me another heartache and some kind of fear of what it can happen after it climbed.

I agree with you, I think is better that the price stays stable for a while. We see with the China regulation and the 0% fee on the trading exchange the price pump, and then decrease suddenly.

We don't have a clue on what will happen for the next days and so far upon seeing the price it's quite relaxing that it is on this price. However, we must be ready all the time on whatever happens to bitcoin for the next days.

Yes, it's not really "climbing fast", but rather it's more of a steady rise. I just hope that the current price doesn't deter new users to adopt bitcoin. I'm really looking forward to what this year has in store for bitcoin.

Let's be optimistic with it the movement of bitcoins price is also a good feeling to all of us. Well we really don't know what will this ' price climbing ' of bitcoin will be on express or slow. I wish that its current price will remain for so many years and it can lead to become higher when it comes to floor price.
The price has begun to climb forward after a short term resistance gain around the price $1010. Today it has reached $1022, if it moves forward it might soon break the $1050 barrier. Every user need to be active that the current price increase can lead to a price drop anytime as well.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
February 14, 2017, 11:36:08 PM
Well, I see that the current price of bitcoin back stable, and does not rise rapidly. I think this is a normal thing. I feel that soon the price of bitcoin will rise rapidly again, and this time may be an opportunity for us, in order to buy bitcoin in significant amounts.

I'm pretty calm now seeing the price to be back and stable moving at $900-$1,000 seems to be a relief to me. I don't want to see the price of bitcoin increase rapidly, we know the opposite thing that it can happen back. If it climbs again faster that will make me another heartache and some kind of fear of what it can happen after it climbed.

I agree with you, I think is better that the price stays stable for a while. We see with the China regulation and the 0% fee on the trading exchange the price pump, and then decrease suddenly.

We don't have a clue on what will happen for the next days and so far upon seeing the price it's quite relaxing that it is on this price. However, we must be ready all the time on whatever happens to bitcoin for the next days.

Yes, it's not really "climbing fast", but rather it's more of a steady rise. I just hope that the current price doesn't deter new users to adopt bitcoin. I'm really looking forward to what this year has in store for bitcoin.

Let's be optimistic with it the movement of bitcoins price is also a good feeling to all of us. Well we really don't know what will this ' price climbing ' of bitcoin will be on express or slow. I wish that its current price will remain for so many years and it can lead to become higher when it comes to floor price.
hero member
Activity: 686
Merit: 500
February 14, 2017, 10:13:01 PM
Well, I see that the current price of bitcoin back stable, and does not rise rapidly. I think this is a normal thing. I feel that soon the price of bitcoin will rise rapidly again, and this time may be an opportunity for us, in order to buy bitcoin in significant amounts.

I'm pretty calm now seeing the price to be back and stable moving at $900-$1,000 seems to be a relief to me. I don't want to see the price of bitcoin increase rapidly, we know the opposite thing that it can happen back. If it climbs again faster that will make me another heartache and some kind of fear of what it can happen after it climbed.

I agree with you, I think is better that the price stays stable for a while. We see with the China regulation and the 0% fee on the trading exchange the price pump, and then decrease suddenly.

We don't have a clue on what will happen for the next days and so far upon seeing the price it's quite relaxing that it is on this price. However, we must be ready all the time on whatever happens to bitcoin for the next days.

Yes, it's not really "climbing fast", but rather it's more of a steady rise. I just hope that the current price doesn't deter new users to adopt bitcoin. I'm really looking forward to what this year has in store for bitcoin.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
February 14, 2017, 09:43:58 PM
Well, I see that the current price of bitcoin back stable, and does not rise rapidly. I think this is a normal thing. I feel that soon the price of bitcoin will rise rapidly again, and this time may be an opportunity for us, in order to buy bitcoin in significant amounts.

I'm pretty calm now seeing the price to be back and stable moving at $900-$1,000 seems to be a relief to me. I don't want to see the price of bitcoin increase rapidly, we know the opposite thing that it can happen back. If it climbs again faster that will make me another heartache and some kind of fear of what it can happen after it climbed.

I agree with you, I think is better that the price stays stable for a while. We see with the China regulation and the 0% fee on the trading exchange the price pump, and then decrease suddenly.

We don't have a clue on what will happen for the next days and so far upon seeing the price it's quite relaxing that it is on this price. However, we must be ready all the time on whatever happens to bitcoin for the next days.
legendary
Activity: 1330
Merit: 1009
February 13, 2017, 09:14:37 PM
PBOC oficially declared policy behind the "talks" with the exchanges is money laundering prevention
if they really wanted to drive the price down,they would issue some sort of a draconian law and limit the usage
sometimes we try to find a black cat in a dark room when it is not even there....

Sorry, but they just want you to believe that anti money laundering is the reason for them taking actions, and apparently, it seems to work. Right now it's anti money laundering they use as excuse, what's next? Prevention of possible financing of terrorism? Anti money laundering policies could have been put to work years ago. Bitcoin back then and Bitcoin right now are still the exact same tool with the same functionalities. It's a well thought out action that they come up with it right now.

It seems that financing of terrorism is one of the reasons from either the new circular the BSP (Philippines bank) or the new Japanese regulation cited, so yes, it is. While Bitcoin technically (not even that, there's been so much development in it) is the same, the audience using it isn't. Back then they could get away with not worrying about it as so little people knew, but it only seems now they are realizing more and more people are using it daily. Honestly, regardless of the reason for regulation, it was bound to happen at one point or another. It's just part of the growing pains, and if we want Bitcoin to be more accepted and legitimized in the eyes of businesses and investors, this is a good thing.
legendary
Activity: 2170
Merit: 1427
February 13, 2017, 06:10:30 PM
PBOC oficially declared policy behind the "talks" with the exchanges is money laundering prevention
if they really wanted to drive the price down,they would issue some sort of a draconian law and limit the usage
sometimes we try to find a black cat in a dark room when it is not even there....

Sorry, but they just want you to believe that anti money laundering is the reason for them taking actions, and apparently, it seems to work. Right now it's anti money laundering they use as excuse, what's next? Prevention of possible financing of terrorism? Anti money laundering policies could have been put to work years ago. Bitcoin back then and Bitcoin right now are still the exact same tool with the same functionalities. It's a well thought out action that they come up with it right now.
sr. member
Activity: 812
Merit: 252
February 13, 2017, 05:35:28 PM
Well, I see that the current price of bitcoin back stable, and does not rise rapidly. I think this is a normal thing. I feel that soon the price of bitcoin will rise rapidly again, and this time may be an opportunity for us, in order to buy bitcoin in significant amounts.

I'm pretty calm now seeing the price to be back and stable moving at $900-$1,000 seems to be a relief to me. I don't want to see the price of bitcoin increase rapidly, we know the opposite thing that it can happen back. If it climbs again faster that will make me another heartache and some kind of fear of what it can happen after it climbed.

I agree with you, I think is better that the price stays stable for a while. We see with the China regulation and the 0% fee on the trading exchange the price pump, and then decrease suddenly.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
February 13, 2017, 05:14:42 PM
Well, I see that the current price of bitcoin back stable, and does not rise rapidly. I think this is a normal thing. I feel that soon the price of bitcoin will rise rapidly again, and this time may be an opportunity for us, in order to buy bitcoin in significant amounts.

I'm pretty calm now seeing the price to be back and stable moving at $900-$1,000 seems to be a relief to me. I don't want to see the price of bitcoin increase rapidly, we know the opposite thing that it can happen back. If it climbs again faster that will make me another heartache and some kind of fear of what it can happen after it climbed.
hero member
Activity: 1204
Merit: 500
February 13, 2017, 12:49:18 PM
Well, I see that the current price of bitcoin back stable, and does not rise rapidly. I think this is a normal thing. I feel that soon the price of bitcoin will rise rapidly again, and this time may be an opportunity for us, in order to buy bitcoin in significant amounts.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
February 13, 2017, 11:13:28 AM
I am more inclined to think that PBOC is much more concerned about the capital flow and money laundering
through pyramid schemes (chinese reincarnation of MMM ponzi anyone?) than bitcoin price or bitcoin in general
it coincides with bitcoin price fluctuation,true
it also coincides with unprecendented yuan devaluation and many other global market events

Well, that's what I think explains most coherently their recent actions

Disabling Bitcoin deposits and withdrawals (as well as other cryptocurrencies) fits their policy best. This is a clear signal from the Chinese authorities that they won't bear the competition with the Yuan. I don't think the US dollar is very widespread across China, anyway, they can still control (and restrain if necessary) such payments unless cash is involved. But Bitcoin is obviously beyond their control and it allows cashless transactions which they can't even trace. Would these actions stop Bitcoin adoption in China if the official currency of this country continues to get devalued further?
legendary
Activity: 2016
Merit: 1107
February 13, 2017, 11:05:26 AM
I am more inclined to think that PBOC is much more concerned about the capital flow and money laundering
through pyramid schemes (chinese reincarnation of MMM ponzi anyone?) than bitcoin price or bitcoin in general
it coincides with bitcoin price fluctuation,true
it also coincides with unprecendented yuan devaluation and many other global market events
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
February 13, 2017, 10:40:50 AM
They are obviously trying to push the price down below $1000 but bull pressure is too strong. Once TPTB whales run out of money the natural bull pressure will surge and we will be at a new ATH in no time. $1000 floor is now confirmed.

I find it still too early to come to that conclusion, but it's obvious that people are getting used more and more to the price hovering around current levels. Right now it's waiting for the price to rush further, where only another PBOC announcement has the ability to make the price fall back to current levels. I am fairly sure that the PBOC is quite disappointed in the price not having gone down further, as their announcements are solely meant to hold back Bitcoin's price growth. It's no coincidence that they show up everytime the price reaches higher and higher.

PBOC oficially declared policy behind the "talks" with the exchanges is money laundering prevention
if they really wanted to drive the price down,they would issue some sort of a draconian law and limit the usage
sometimes we try to find a black cat in a dark room when it is not even there....

While I certainly agree that it is unlikely that PBoC announcement has anything to do with Bitcoin price, but, on the other hand, Bitcoin has been actively traded for more than 5 years already (e.g. btc-e exchange is over 5 years old), so why did they decide to start hard-line fighting with "money laundering" only now? Chinese exchanges were reporting huge volumes since the price had started to rise in early September, 2015

Would they have done the same if Bitcoin were still hanging around its per-December levels?
legendary
Activity: 2016
Merit: 1107
February 13, 2017, 07:35:05 AM
They are obviously trying to push the price down below $1000 but bull pressure is too strong. Once TPTB whales run out of money the natural bull pressure will surge and we will be at a new ATH in no time. $1000 floor is now confirmed.

I find it still too early to come to that conclusion, but it's obvious that people are getting used more and more to the price hovering around current levels. Right now it's waiting for the price to rush further, where only another PBOC announcement has the ability to make the price fall back to current levels. I am fairly sure that the PBOC is quite disappointed in the price not having gone down further, as their announcements are solely meant to hold back Bitcoin's price growth. It's no coincidence that they show up everytime the price reaches higher and higher.

PBOC oficially declared policy behind the "talks" with the exchanges is money laundering prevention
if they really wanted to drive the price down,they would issue some sort of a draconian law and limit the usage
sometimes we try to find a black cat in a dark room when it is not even there....
legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
February 13, 2017, 03:45:22 AM
Dont be exagerrated, its a normal scenario that happens to bitcoin. If bitcoin climbing up so fast then the next thing  will be the same but on opposite direction or vice versa. But im hoping and believing in bitcoins true power.

Sure now we have drop again and after some little more drop price will go again over 1000 and it will recover in next period like its always did. We will see how much time will need to recover like always or it will be little longer.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
February 13, 2017, 03:18:47 AM
They are obviously trying to push the price down below $1000 but bull pressure is too strong. Once TPTB whales run out of money the natural bull pressure will surge and we will be at a new ATH in no time. $1000 floor is now confirmed.

I find it still too early to come to that conclusion, but it's obvious that people are getting used more and more to the price hovering around current levels. Right now it's waiting for the price to rush further, where only another PBOC announcement has the ability to make the price fall back to current levels. I am fairly sure that the PBOC is quite disappointed in the price not having gone down further, as their announcements are solely meant to hold back Bitcoin's price growth. It's no coincidence that they show up everytime the price reaches higher and higher

This is what many of us think

But obviously this is not necessarily so. In fact, the PBoC may have a radically different agenda, we don't know that for sure. Nevertheless, if it is really so, this example shows how weak national authorities actually are (and how strong Bitcoin is). What the central bank of China does (did) is not very far from banning Bitcoin exchanges directly, but this doesn't affect Bitcoin in a significant degree (after they ultimately failed at their first attempt). It would have worked with fiat (over which central banks have full control) but it seems that it won't work with Bitcoin
full member
Activity: 173
Merit: 100
February 12, 2017, 05:38:37 PM
They are obviously trying to push the price down below $1000 but bull pressure is too strong. Once TPTB whales run out of money the natural bull pressure will surge and we will be at a new ATH in no time. $1000 floor is now confirmed.
It is really a positive sign to see the price of bitcoin hovering over $1000 even with the news coming out of China and this is the second time this year the price is recovering even thought they wanted the price to take a hit so that they could make more money out of it.Market manipulation is done by the Chinese and i really do think it is a collective effort to make some huge amount of profits.

Ya it is true that now other country are also supporting Bitcoin and china is no more controlling the bitcoin price manipulation, and even the supporters of bitcoin are very strong and on every dump they are taking it opportunity to buy and maintaining the price to bull run
sr. member
Activity: 448
Merit: 250
February 12, 2017, 05:33:09 PM
They are obviously trying to push the price down below $1000 but bull pressure is too strong. Once TPTB whales run out of money the natural bull pressure will surge and we will be at a new ATH in no time. $1000 floor is now confirmed.
It is really a positive sign to see the price of bitcoin hovering over $1000 even with the news coming out of China and this is the second time this year the price is recovering even thought they wanted the price to take a hit so that they could make more money out of it.Market manipulation is done by the Chinese and i really do think it is a collective effort to make some huge amount of profits.
legendary
Activity: 2170
Merit: 1427
February 12, 2017, 04:29:34 PM
They are obviously trying to push the price down below $1000 but bull pressure is too strong. Once TPTB whales run out of money the natural bull pressure will surge and we will be at a new ATH in no time. $1000 floor is now confirmed.

I find it still too early to come to that conclusion, but it's obvious that people are getting used more and more to the price hovering around current levels. Right now it's waiting for the price to rush further, where only another PBOC announcement has the ability to make the price fall back to current levels. I am fairly sure that the PBOC is quite disappointed in the price not having gone down further, as their announcements are solely meant to hold back Bitcoin's price growth. It's no coincidence that they show up everytime the price reaches higher and higher.
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