Can't believe we're almost recovered from the last price hike... This is an amazing thing to see with the next level of online development being in front of our eyes.
I suspect the value to be near ~10,000 in a couple decades.
Topic: Price climbing fast again - page 6. (Read 9842 times)
We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.
well, actually, bitcoin prices rose to $ 1,053 back. I really believe that this time, the price of bitcoin will be stabilized at the price of $ 1,000. I hope that this will happen in a long time. well, maybe a bitcoin prices will keep rising slowly like this until the end of the month of February 2017. 
I don't particularly disagree with that
On the other hand, though, I don't see how Bitcoin ETFs would be much more reliable. They can in fact be more reliable due to government (SEC) regulation, which will likely prevent them from outright scamming (again, this is debatable), but we should not forget that Bitcoin remains the same Bitcoin even if it is operated by a regulated entity. Government regulation doesn't avert the devastating consequences of technical incompetence and lack of expertise in regard to, for example, security issues. In other words, bitcoins can still be stolen from these ETFs just like they get stolen from elsewhere
On the other hand, though, I don't see how Bitcoin ETFs would be much more reliable. They can in fact be more reliable due to government (SEC) regulation, which will likely prevent them from outright scamming (again, this is debatable), but we should not forget that Bitcoin remains the same Bitcoin even if it is operated by a regulated entity. Government regulation doesn't avert the devastating consequences of technical incompetence and lack of expertise in regard to, for example, security issues. In other words, bitcoins can still be stolen from these ETFs just like they get stolen from elsewhere
Well, due to them being subject to heavy governmental supervision, where they have to comply with all kinds of strict policies/laws, it will be much more difficult compared to how things are being run on today's exchanges. It's literally a joke how easy it is for operators of current major exchanges to squander a few million $$ worth of coins without someone ever noticing. That being said, if I have a look at the Winklevoss ETF details, then it doesn't offer any insurance against whatever scenario. But that's more due to the fact that insurers are lacking knowledge on how to insure digital assets properly. End result, you're right, theft will still be an when it comes to Bitcoin related ETF's.
Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.
We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.
DId you see what happen on the reason behind the rising price of bitcoin? Hmm im really curious about the big change on happening on bitcoin price its increasing rapidly bitcoin price now is really amazing i can't believed after i sold my bitcoin i tought that i will decrease but my speculation was failed lmao.
'Well, it is a common thing in bitcoin. Statistical very difficult to guess the price of a bitcoin, sometimes you feel it was going downhill, but turned it into a rose. Well, this time I did not know what caused the bitcoin prices rise, but I can only enjoy it for the moment. 
We should understand that many ETFs are used by the so-called passive investors (which may include, for example, pension funds), but I don't think many folks will be quite happy to find out that their savings were poured into Bitcoin. Let's remain realists, Bitcoin is still mostly a marginal asset, highly speculative and volatile. If Bitcoin ETFs are allowed it will likely cause another Bitcoin bubble to swell up, which will only make the price even more volatile (when it first swells and then pops)
Volatility will always remain an 'issue' in a free market as Bitcoin, but these ETF are probably (at this point) the only decent entry point for institutional investors as there is no way they will sign up at the current incompetent exchanges with all their flaws and hack drama. These investors need a serious platform that they can use to safely take a large position in Bitcoin if they so wish. That being said, due to the high level of government interference pension funds at this point can't jump into Bitcoin even though they want to do so themselves. But at least ETF's offer serious investors a secure way of entering Bitcoin, that's what I consider to be a major plus. Current exchanges need to be put offside
I don't particularly disagree with that
On the other hand, though, I don't see how Bitcoin ETFs would be much more reliable. They can in fact be more reliable due to government (SEC) regulation, which will likely prevent them from outright scamming (again, this is debatable), but we should not forget that Bitcoin remains the same Bitcoin even if it is operated by a regulated entity. Government regulation doesn't avert the devastating consequences of technical incompetence and lack of expertise in regard to, for example, security issues. In other words, bitcoins can still be stolen from these ETFs just like they get stolen from elsewhere
DId you see what happen on the reason behind the rising price of bitcoin? Hmm im really curious about the big change on happening on bitcoin price its increasing rapidly bitcoin price now is really amazing i can't believed after i sold my bitcoin i tought that i will decrease but my speculation was failed lmao.
We should understand that many ETFs are used by the so-called passive investors (which may include, for example, pension funds), but I don't think many folks will be quite happy to find out that their savings were poured into Bitcoin. Let's remain realists, Bitcoin is still mostly a marginal asset, highly speculative and volatile. If Bitcoin ETFs are allowed it will likely cause another Bitcoin bubble to swell up, which will only make the price even more volatile (when it first swells and then pops)
Volatility will always remain an 'issue' in a free market as Bitcoin, but these ETF are probably (at this point) the only decent entry point for institutional investors as there is no way they will sign up at the current incompetent exchanges with all their flaws and hack drama. These investors need a serious platform that they can use to safely take a large position in Bitcoin if they so wish. That being said, due to the high level of government interference pension funds at this point can't jump into Bitcoin even though they want to do so themselves. But at least ETF's offer serious investors a secure way of entering Bitcoin, that's what I consider to be a major plus. Current exchanges need to be put offside.
There is less than 25% chance that SEC will approve Winklevoss exchange-traded fund, it is the same story all over again since mid 2013:
"it's too risky, bitcoin's price is to volatile, we have to protect investors, so we can't allow that ETF" - that is SEC official line of argumentation
"it's too risky, bitcoin's price is to volatile, we have to protect investors, so we can't allow that ETF" - that is SEC official line of argumentation
But ain't it really so?
We should understand that many ETFs are used by the so-called passive investors (which may include, for example, pension funds), but I don't think many folks will be quite happy to find out that their savings were poured into Bitcoin. Let's remain realists, Bitcoin is still mostly a marginal asset, highly speculative and volatile. If Bitcoin ETFs are allowed it will likely cause another Bitcoin bubble to swell up, which will only make the price even more volatile (when it first swells and then pops)
There is less than 25% chance that SEC will approve Winklevoss exchange-traded fund, it is the same story all over again since mid 2013:
"it's too risky, bitcoin's price is to volatile, we have to protect investors, so we can't allow that ETF" - that is SEC official line of argumentation.
Still, we should be grateful for free promotion and news coverage this case brought.
"it's too risky, bitcoin's price is to volatile, we have to protect investors, so we can't allow that ETF" - that is SEC official line of argumentation.
Still, we should be grateful for free promotion and news coverage this case brought.
This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.
I think a big dump/pump will happen probably after we know if SEC approve bitcoin ETF or not. anyway i'm holding, i'd already sold a few coins few days agoIt is rumored that SEC is not going to approve such ETFs any time soon
Another rumor that was just shared in the Btc-e troll box has it that a few dudes can't withdraw their coins from some Chinese exchanges (Huobi, more specifically). If it is really so (as it seems to be), we may be seeing just another heavy price manipulation by the Chinese manipulators before Bitcoin is going to plunge again, though how high and for how long it might be climbing cannot be said with any degree of certainty. But one thing can still be asserted though, namely, that the market always fools the majority of traders
Already at $1044.
So not long now until it reaches the Ath that we are all waiting for.
It was only $1034 when I woke up this morning so it is climbing fast once again.
So not long now until it reaches the Ath that we are all waiting for.
It was only $1034 when I woke up this morning so it is climbing fast once again.
Once again, where?
When quoting Bitcoin prices, people should always state where. As my last post shows, it varies a lot from exchange to exchange.
This is why when I quote prices I usually specify Bitcoinaverage, because they do a volume-weighted average of virtually all exchanges worldwide, excluding the volumes of zero-fee exchanges.
Even quoting Preev, the poor man's Bitcoinaverage, is better than quoting any single exchange or not specifying any source.
This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.
I think a big dump/pump will happen probably after we know if SEC approve bitcoin ETF or not. anyway i'm holding, i'd already sold a few coins few days ago. 
Already at $1044.
So not long now until it reaches the Ath that we are all waiting for.
It was only $1034 when I woke up this morning so it is climbing fast once again.
So not long now until it reaches the Ath that we are all waiting for.
It was only $1034 when I woke up this morning so it is climbing fast once again.
After some short grow the price again seems frozen on one point, now it's 1020$.
$1020? Where do you see it that cheap?
I see almost $1050 at Stamp and Finex, over $1070 at OKCoin and almost $1060 at Bitcoinaverage.
Price could be much more higher than current leveled if at last rally Chinese were not playing dirty game which caused the crash. I hope this time we will see slow but stable increase day after day. I am sure Bitcoin is going to be much more worthy because of several reason in world economy and politics issues in coming weeks and months.
That's right. After some short grow the price again seems frozen on one point, now it's 1020$. Honestly this price is totally satisfy me, so even in the case if it would stay the same I would continue to work for bitcoins.
Well one driving factor is I think that the Chinese people are buying lot of BTC thue to the weakening of CNY.
Last time it also started to increase rapidly around 1050$, maybe histori repeats itself 
BTW was there a particular reason for the price increse last time (that started in December?).
BTW was there a particular reason for the price increse last time (that started in December?).
No big news has come to my radar worthy of saying it's a 'cause.' Maybe market manipulation? Or no, maybe the demands right now are just so high.
Last time it also started to increase rapidly around 1050$, maybe histori repeats itself
BTW was there a particular reason for the price increse last time (that started in December?).
BTW was there a particular reason for the price increse last time (that started in December?).
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