Price climbing fast again - page 7. | Bitcointalksearch.org

virusasog

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Quote from: Schuyler on February 07, 2017, 05:12:25 AM

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.

Yeah only on today price has increased more than 20$. I hope we should find any price drops in the price bump. Still I do not know the reason for this price bump and how long it has been move forward.

hannusolo

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If the current trend continues we might see an another test to break the highest price in about a week. But this time the price seems to rise slower than in January, so it might slow down completely and stabilize around here. But of course it's just one opinion. In the crypto world anything is possible Cheesy

1Referee

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Quote from: Schuyler on February 07, 2017, 05:12:25 AM

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.

It's not that the price has gone up dramatically where you can justify cashing out before the price starts tanking again. It's somewhat of a normal market movement that we are seeing now. It might very well go back down like $30 in the coming days, but is that really worth cashing out for? I don't think so. Better just keep holding to see where the price will be heading to. I am sure that most people don't want to risk selling coins for such an insigificant profit, where the result might be that they miss out when the price happens to increase further. But hey, if you think that selling is the best option, then go for it.

Sundark

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Quote from: ASHLIUSZ on February 07, 2017, 03:56:55 AM

Right now due to the blocksize issue confirmation delay happening even after placing increased transaction fee. Bitcoin price might get impacted by the recent confirmation issues if its not rectified in a short.

It is not like every mined block is filled to the limit, there still significant fluctuation present.
It is not that 1 MB blocks are directly affecting slowness of the network we are experiencing.
The main culprits behind filled mempool are coordinated spam attacks.

Schuyler

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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.

jtalk

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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.

deisik

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Quote from: e-coinomist on February 07, 2017, 03:32:15 AM

Quote from: PokerFace3 on February 05, 2017, 12:13:33 PM

I read somewhere that Trump government will support different types of investment options, so most probably we can assume bitcoin etf will get approved. If these go this way, our next estimations would be on how much investments are going to get attracted toward bitcoin etf. That would definitely will break the range bound of bitcoin prices.

They would act insane if stiffling this FinTech sector just out of a whim! There's that cynic nagging voice talking inside my head pointing out that somebody merely has to mention "Satoshi actuall been a mexican" for this president to act just like he's always knee jerk reflexing on that.
Technology and racism are mutually exclusive. I'm german

This is what you are being fed by mass-media (most likely)

While in reality Trump may be a ruthless, cynical and selfish capitalist inside (read without any principles), and whatever he does (or says, for that matter) aims at making his position most solid in whatever terms its hardness can be measured. Today he lashes China and Mexicans like there's no tomorrow, but tomorrow they will be his best friends forever. Would you be surprised? Personally, I wouldn't, either

ASHLIUSZ

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With the price increase happening with small fluctuations the growth is perfect. Right now due to the blocksize issue confirmation delay happening even after placing increased transaction fee. Bitcoin price might get impacted by the recent confirmation issues if its not rectified in a short.

e-coinomist

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Money often costs too much.

Quote from: PokerFace3 on February 05, 2017, 12:13:33 PM

I read somewhere that Trump government will support different types of investment options, so most probably we can assume bitcoin etf will get approved. If these go this way, our next estimations would be on how much investments are going to get attracted toward bitcoin etf. That would definitely will break the range bound of bitcoin prices.

They would act insane if stiffling this FinTech sector just out of a whim! There's that cynic nagging voice talking inside my head pointing out that somebody merely has to mention "Satoshi actuall been a mexican" for this president to act just like he's always knee jerk reflexing on that.
Technology and racism are mutually exclusive. I'm german.

mtwelve

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Looks like after that dip in the $1020's we're going to retest some higher levels. Not worried either way, cashing out a little bit on the way to the top really helps with my anxiety and FOMO lol Grin

PokerFace3

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Quote from: alyssa85 on February 05, 2017, 10:56:00 AM

Quote from: e-coinomist on February 05, 2017, 10:31:31 AM

Quote from: Przemax on February 05, 2017, 10:18:04 AM

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

It might be a bulltrap. But it might just be holding inn a range till we find out in March the outcome of the Winklevoss ETF application. If it is denied the price will drop. If agreed, the price should shoot up.

I read somewhere that Trump government will support different types of investment options, so most probably we can assume bitcoin etf will get approved. If these go this way, our next estimations would be on how much investments are going to get attracted toward bitcoin etf. That would definitely will break the range bound of bitcoin prices.

angaper

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Quote from: alyssa85 on February 05, 2017, 10:56:00 AM

Quote from: e-coinomist on February 05, 2017, 10:31:31 AM

Quote from: Przemax on February 05, 2017, 10:18:04 AM

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

It might be a bulltrap. But it might just be holding inn a range till we find out in March the outcome of the Winklevoss ETF application. If it is denied the price will drop. If agreed, the price should shoot up.

Is it possible to rely on technical analysis yet? I have been a Forex trader for years sand there is an increased opinion that this is nothing but mere speculation and subjective considerations based on old techniques and indicators implemented 40 years ago. Multiple tests and analysis have rejected their reliability in all markets so I don't know why they should work well in this new altcoin market which is very, very different from traditional markets.

alyssa85

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Quote from: e-coinomist on February 05, 2017, 10:31:31 AM

Quote from: Przemax on February 05, 2017, 10:18:04 AM

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

It might be a bulltrap. But it might just be holding inn a range till we find out in March the outcome of the Winklevoss ETF application. If it is denied the price will drop. If agreed, the price should shoot up.

deisik

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Quote from: e-coinomist on February 05, 2017, 10:31:31 AM

Quote from: Przemax on February 05, 2017, 10:18:04 AM

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive

Something like this one?

But certain folks may heavily disagree with such an opinion. One dude even registered an alt account to reveal his disagreement as well as overall disrespectful attitude (and I guess I know whose alt is this), though it should be obvious to anyone who "does not appear to actually be insane" that price can go any way. In fact, long-term it typically goes in the direction of inflicting most losses to most number of people (that's exactly why a bull-trap is a possibility if not a reality)

e-coinomist

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Money often costs too much.

Quote from: Przemax on February 05, 2017, 10:18:04 AM

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

Przemax

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The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

shapeshiftscam

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With exploding on price again, current BTC price is pretty stable above 1000 usd, it is a good sign for bitcoin's future, the higher and the more stable bitcoin is, the more customers will like it, no one especially governments like the currency which are always fluctuating due to pump and dump.

PlanetOfBets

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It's supposed to be something extraordinary, not 100 bucks, not 500 bucks. For example, Satoshinin coins move, attack or something happens, a big stock market is hacked, blockchain serious attack or political events that affect all currencies, and so on. Things like that have to happen:)

pacifista

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Quote from: bettercrypto on February 04, 2017, 06:07:46 AM

It seems price slows down a bit and somehow stay at this range. $1010-$1020 . Is this a new floor? or just a breathing space to move upward again? I wonder if there is another Bad Press release by PBOC soon Grin

Would that have effect to push Bitcoin price down to where it was? At sub $900 before this rally?

The price just keep on increasing and its not over yet but rather bitcoin is only starting to make its price go to highest price since the day it was born. 1500$? Definitely yes

ultrloa

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Quote from: hase0278 on February 05, 2017, 03:35:15 AM

Quote from: bettercrypto on February 04, 2017, 06:07:46 AM

It seems price slows down a bit and somehow stay at this range. $1010-$1020 . Is this a new floor? or just a breathing space to move upward again? I wonder if there is another Bad Press release by PBOC soon Grin

Would that have effect to push Bitcoin price down to where it was? At sub $900 before this rally?

I think this ain't the new floor yet. It is just a breathing space to move upward again or downward. Maybe the bad press release by PBOC soon would affect to push bitcoin price down but there is a possibility that it will have no effect at all at least. It will dump if many of the Chinese holders sells some bitcoin after it but if it aint we will see it as stable as ever.

i think that also thats why i merely exchange frequently my btc to fiat since i can't trust the upper trend of the price for this moment, maybe this event is not going to last long and hope i am not right for my thoughs since i really want to see the price soar for more and hit the new record of highest price in history.

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