Price climbing fast again - page 8. | Bitcointalksearch.org

hase0278

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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?

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.

bettercrypto

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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?

1Referee

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Quote from: hawkins on February 04, 2017, 02:22:25 AM

I think the rise in bitcoin today, not so fast. but, this may make the price becomes higher. well, I do not expect a very high price, but I just hope that this can be stabilized in a very long time. yeah, but this is really a very good price.

The price as it is right now, can already be seen as it being on the higher side. Especially when you consider that larger blocks are more than ever needed. It's not a situation of that it should be done within a few years, but more that it should be done this year. That's why I just hope pools stop bullshitting with BU and XT and start showing support for SegWit as we need it to be activated a.s.a.p. Because as it is right now, this may eventually lead to the price dramatically going down, and we once again end up sitting far below the $1000 levels again.

deisik

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Quote from: richardsNY on February 03, 2017, 06:37:54 PM

Quote from: hase0278 on February 03, 2017, 06:00:37 PM

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far

As to me, this is still mostly heavy speculation. I mean it is not very useful to gauge the price in terms of resistance or support right now. This doesn't mean that there are no buys and sells that could be interpreted as support and resistance, but they are fragmentary, i.e. doesn't make up a continuous block of orders (thick "walls"). In this way, the price could easily go up a few hundred dollars as well as go down as massively

I'm inclined to think that genuine support starts at 750-800 dollars per coin which we all witnessed

hawkins

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I think the rise in bitcoin today, not so fast. but, this may make the price becomes higher. well, I do not expect a very high price, but I just hope that this can be stabilized in a very long time. yeah, but this is really a very good price.

angaper

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Quote from: richardsNY on February 03, 2017, 06:37:54 PM

Quote from: hase0278 on February 03, 2017, 06:00:37 PM

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far.

Yes, we are arriving to the critical but amazing time to see what will occur with the bitcoin price once it arrives to the last mark of $1,100. Of course a logical mind would find that level as the ideal time to sell, but I still hope a great surprise could be awaiting for us and we could see the highly expected ATH.

aso118

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Quote from: richardsNY on February 03, 2017, 06:37:54 PM

Quote from: hase0278 on February 03, 2017, 06:00:37 PM

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far.

I don't think there is a lot of resistance now. We have moved over $1000 and remained there for a day.
While we haven't broken out to the moon, we didn't see profit booking/selling as soon as we crossed $1000

richardsNY

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Quote from: hase0278 on February 03, 2017, 06:00:37 PM

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far.

hase0278

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For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Carmen_Sandiego

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Quote from: Idrisu on February 03, 2017, 10:06:18 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.

we expect the price to keep pumping up as the closure of margin/leverage trading cloud not affect it demands. A friend told me today that bitcoin is the future and I believe what he said. We hope bitcoin and others cryptocurrencies will keep on growing as this is good for the digital world we are living in. The elites has dominated the financial sectors for a very long time, but not bitcoin, because of it nature of decentralization.

I also think many people will benefit from this. It is possible to see great change in the lives of people living in third world countries, who have discovered the potential that exists in Bitcoin. If the involvement of those people increase over the next few years, we will see Bitcoin more present in those countries, and Bitcoin will have a greater participation in the world market.

Idrisu

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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.

we expect the price to keep pumping up as the closure of margin/leverage trading cloud not affect it demands. A friend told me today that bitcoin is the future and I believe what he said. We hope bitcoin and others cryptocurrencies will keep on growing as this is good for the digital world we are living in. The elites has dominated the financial sectors for a very long time, but not bitcoin, because of it nature of decentralization.

hase0278

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Quote from: shapeshiftscam on February 03, 2017, 06:25:52 AM

Quote from: rjclarke2000 on January 26, 2017, 08:47:30 AM

I'm not getting excited until we break the ATH. (Even then it'll most likely drop to the $1000 area soon after)

These small up and downs are normal.

It is highly likely to happen in the near future, the price was ceased to pump in last time because PBOC inspect Chinese big 3 exchanges, now they are well regulated and examined by PBOC leaders, PBOC should not do more inspections because everything is gonna well. They need more confidence on bitcoin because it is the real gem.

Well PBOC will not get bitcoin to die since if chinese exits the market, it would just mean that there will be less population that controls bitcoin's price at their will unless PBOC will try to regulate bitcoin price by keeping it at a certain point. I really do agree though they should open their eyes to see that bitcoin is a real gem. If they will regulate bitcoin price later this week, I expect to se a price dump.

shapeshiftscam

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Quote from: rjclarke2000 on January 26, 2017, 08:47:30 AM

I'm not getting excited until we break the ATH. (Even then it'll most likely drop to the $1000 area soon after)

These small up and downs are normal.

It is highly likely to happen in the near future, the price was ceased to pump in last time because PBOC inspect Chinese big 3 exchanges, now they are well regulated and examined by PBOC leaders, PBOC should not do more inspections because everything is gonna well. They need more confidence on bitcoin because it is the real gem.

Tanic

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Today the price on Blockchain.com is 1010$. Looks like New Year again. How do you think is it worth to wait some more days to bitcoin grow even more or to cash out my money now to not skip that chance again?

deisik

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Quote from: cryoser on February 03, 2017, 01:49:08 AM

Quote from: deisik on February 03, 2017, 05:57:48 AM

Some dude (so-called Internet ombudsman, basically nobody) has suggested to use Bitcoin by the residents of Crimea. What he actually means boils down to opening Bitcoin exchanges there. I don't think that can possibly count as "Russia considers allowing use of cryptocurrency", even if it is only about using it "in the unbanked region of Crimea". Further, if we could ever interpret that in such a way, why should Bitcoin be allowed only in Crimea? As to me, it makes no sense to allow it only in one region since Bitcoin use can't be possibly limited to just a certain region by its very nature (it is not like weed being allowed in California and prohibited in Idaho)

The most important part of the article is this:

Quote

At the moment the status of digital currencies is not defined in Russian legislation

Anything else is essentially idle talk

All is true...but it seems like Crimea will be a sandbox for Russian authorities to test out how bitcoin can be involved in economics of a standalone region before attempting to law enforcements on it.
Plus to all this the one of the biggest banks Sberbank and especially its director Gref are lobbying for future use of bitcoin and blockchain tech in russian economy - so when the russian bear will wake up to eat his bitcoins i think it will push prices even higher high. IMHO

I know that Greff is pro-Bitcoin

It was totally hilarious to read about some officials from the Russian Ministry of Finance threatening Bitcoin users back then with severe criminal prosecution or even imprisonment for using and holding Bitcoin while the chairman of the largest Russian bank (and former minister at that) had been openly admitting that he had some bitcoins. If you ask me, I think the Russian government is going to distance themselves from Bitcoin as far and as long as ever possible (not speaking of endorsing it in any conceivable way). What if plenty of people pour their hard earned money into Bitcoin and then Bitcoin crashes heavily, who will be held responsible, German Greff?

cryoser

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Quote from: deisik on February 02, 2017, 01:30:39 PM

Quote from: Hazir on February 02, 2017, 01:15:12 PM

Quote from: deisik on February 02, 2017, 04:02:37 AM

Quote from: Hazir on February 02, 2017, 02:58:01 AM

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.

Where did you get this?

That Russian (authorities) are really considering to "promote use of cryptocurrency to help their unbanked citizens"? As I've explained in another thread, this is very unlikely since the Russian government is in fact considering Bitcoin and other cryptocurrencies as sort of pyramid scheme (per Putin's own words) and endorsing them would amount to endorsing such a scheme. Plenty of Russians lost their money in the MMM financial pyramid and its likes in the 90's (there were quite a few such schemes back then), so it is next to impossible (that Russian government would be promoting cryptocurrencies)

I didn't specify that, by their unbanked citizens I meant people from Crimea. As I read this article on possible shift of attitude towards cryptocurrency might happen.
Here is that article which I am talking about: https://cointelegraph.com/news/russia-considers-allowing-use-of-cryptocurrency-in-the-unbanked-region-of-crimea
Is is not accurate? Feel free to comment it, you have better understanding of what is going on in Russia from the first hand

Some dude (so-called Internet ombudsman, basically nobody) has suggested to use Bitcoin by the residents of Crimea. What he actually means boils down to opening Bitcoin exchanges there. I don't think that can possibly count as "Russia considers allowing use of cryptocurrency", even if it is only about using it "in the unbanked region of Crimea". Further, if we could ever interpret that in such a way, why should Bitcoin be allowed only in Crimea? As to me, it makes no sense to allow it only in one region since Bitcoin use can't be possibly limited to just a certain region by its very nature (it is not like weed being allowed in California and prohibited in Idaho)

The most important part of the article is this:

Quote

At the moment the status of digital currencies is not defined in Russian legislation

Anything else is essentially idle talk

All is true...but it seems like Crimea will be a sandbox for Russian authorities to test out how bitcoin can be involved in economics of a standalone region before attempting to law enforcements on it.
Plus to all this the one of the biggest banks Sberbank and especially its director Gref are lobbying for future use of bitcoin and blockchain tech in russian economy - so when the russian bear will wake up to eat his bitcoins i think it will push prices even higher high. IMHO

pooya87

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Quote from: xIIImaL on February 02, 2017, 11:25:21 PM

Quote from: Dakustaking76 on February 02, 2017, 03:48:00 PM

Like i said before we are going up up And up again Shocked

Happy new year for btc holders Grin

Lol, now you can wish for Valentine's day. I see price use to increase on Christmas time and mid of April. This year its completely different and price is increasing in February time.

different months of the year has never known to be effecting bitcoin price in any logical way. since bitcoin is decentralized and global, when one country is celebrating new year, others are still mid year. and any effect have always been fake and psychological.

xIIImaL

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Quote from: Dakustaking76 on February 02, 2017, 03:48:00 PM

Like i said before we are going up up And up again Shocked

Happy new year for btc holders Grin

Lol, now you can wish for Valentine's day. I see price use to increase on Christmas time and mid of April. This year its completely different and price is increasing in February time.

Dakustaking76

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Like i said before we are going up up And up again Shocked

Happy new year for btc holders Grin

deisik

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Quote from: Hazir on February 02, 2017, 01:15:12 PM

Quote from: deisik on February 02, 2017, 04:02:37 AM

Quote from: Hazir on February 02, 2017, 02:58:01 AM

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.

Where did you get this?

That Russian (authorities) are really considering to "promote use of cryptocurrency to help their unbanked citizens"? As I've explained in another thread, this is very unlikely since the Russian government is in fact considering Bitcoin and other cryptocurrencies as sort of pyramid scheme (per Putin's own words) and endorsing them would amount to endorsing such a scheme. Plenty of Russians lost their money in the MMM financial pyramid and its likes in the 90's (there were quite a few such schemes back then), so it is next to impossible (that Russian government would be promoting cryptocurrencies)

I didn't specify that, by their unbanked citizens I meant people from Crimea. As I read this article on possible shift of attitude towards cryptocurrency might happen.
Here is that article which I am talking about: https://cointelegraph.com/news/russia-considers-allowing-use-of-cryptocurrency-in-the-unbanked-region-of-crimea
Is is not accurate? Feel free to comment it, you have better understanding of what is going on in Russia from the first hand

Some dude (so-called Internet ombudsman, basically nobody) has suggested to use Bitcoin by the residents of Crimea. What he actually means boils down to opening Bitcoin exchanges there. I don't think that can possibly count as "Russia considers allowing use of cryptocurrency", even if it is only about using it "in the unbanked region of Crimea". Further, if we could ever interpret that in such a way, why should Bitcoin be allowed only in Crimea? As to me, it makes no sense to allow it only in one region since Bitcoin use can't be possibly limited to just a certain region by its very nature (it is not like weed being allowed in California and prohibited in Idaho)

The most important part of the article is this:

Quote

At the moment the status of digital currencies is not defined in Russian legislation

Anything else is essentially idle talk

Topic: Price climbing fast again - page 8. (Read 9842 times)