Price climbing fast again - page 9. | Bitcointalksearch.org

Hazir

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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.

carlisle1

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Quote from: Tanic on January 26, 2017, 12:03:58 PM

I didn't notice any change in the price for bitcoin really. Maybe it's cause of the price is changing so fast that I didn't see a move. If to talk about bitcoin's price I expect to see some drop in next few days cause of Chinese New Year. Maybe I'm wrong, but we will find out this very soon.

lol . same here, actually i am not being updated with the bitcoin price these past few days so I too didn't noticed any changes to its price but the changes that I noticed recently is that the price remains a bit stable and it appears to be increasing like a bit as well . Chinese new year has passed but I don't see any drops to the bitcoin price yet it is only going up .

talkbitcoin

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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.
3. After banning high denomination banknotes India is seeking how to generate higher tax revenue - further fiat restrictions imminent = price of Bitcoin soaring in India.

1. Chinese traders never had any trouble with PBOC or the fact that they were investigating their exchange, it was the FUD that caused the drop.
2. this sounds mostly like news about banks and blockchain (not bitcoin).
3. India didn't have much effect back in the first time, i don't see them having much effect this time either.

i say the reason is simple, the price is rising due to increasing demand. this demand comes from all of the above reasons too but in trading there are down times where they use FUD to push it further down, and then there is an accumulation phase and then a rise. all three periods happened here.

deisik

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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)

SmartIphone

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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.

One of the factors is the Chinese exchanges that have added the exchange fees there and I like this stage of bitcoin price.
The recent increase of bitcoin makes me feel good because I was worried if bitcoin price is going fall down to $400 like before.

Hazir

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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.
3. After banning high denomination banknotes India is seeking how to generate higher tax revenue - further fiat restrictions imminent = price of Bitcoin soaring in India.

Herbert2020

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Quote from: cryp24x on February 01, 2017, 12:14:42 PM

Quote from: GBattaglia on February 01, 2017, 09:40:09 AM

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

Indeed it was not fast like last January, though it is a surprice that after breaking the $950 wall, it breaks $970 wall almost touching $980, a $20 in a day after a several day being almost idle. Anyway, I still can't see any bull trap here LOL unless it touches $1100 tomorrow, just in case I will be cashing out at $990. Tongue

there wasn't much of a wall to begin with.
and also you are forgetting the fact that when price rises like this (or technically when it drops too) these walls are mostly removed.
for example when price was stable, and you bought at $910 you place a sell order on higher price creating a wall or contributing to one, but after you see rise you may remove that order and make other decisions to wait and sell higher.

also when rises happen, many other traders and FOMOs join in breaking any kind of wall so fast (as in the initial sudden jump that you can see on the charts)

mtwelve

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Quote from: cryp24x on February 01, 2017, 12:14:42 PM

Quote from: GBattaglia on February 01, 2017, 09:40:09 AM

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

Indeed it was not fast like last January, though it is a surprice that after breaking the $950 wall, it breaks $970 wall almost touching $980, a $20 in a day after a several day being almost idle. Anyway, I still can't see any bull trap here LOL unless it touches $1100 tomorrow, just in case I will be cashing out at $990. Tongue

Last time I checked, there was like a 13k short on Bitfinex, so I cashed out a little bit. I might cash out a little bit more, but right now I'm playing by ear.

cryp24x

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Quote from: GBattaglia on February 01, 2017, 09:40:09 AM

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

Indeed it was not fast like last January, though it is a surprice that after breaking the $950 wall, it breaks $970 wall almost touching $980, a $20 in a day after a several day being almost idle. Anyway, I still can't see any bull trap here LOL unless it touches $1100 tomorrow, just in case I will be cashing out at $990. Tongue

icecube45

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Quote from: jakelyson on February 01, 2017, 10:42:04 AM

Quote from: GBattaglia on February 01, 2017, 09:40:09 AM

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

It really has been a steady rise now. And if the trends continues, in a week or two we will be at 1000$. When we reach that price, we might see some people dumping their coins again. That will be the real test. Hopefully the dump will not be that large to pull the price back down. I really wanted to see 1000$ as our support.

Yes indeed bitcoin price is not climbing too fast now and tend to be stable. It took a moment so that bitcoin can climbing fast, and it takes time. If the price reaches $ 1,000 certainly many who are selling but I do not think it will make a big dump price. If you look at previous years price climbing fast usually occurs year-end, I'm sure it will happen again this year to reach $ 2,000.

jakelyson

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Quote from: GBattaglia on February 01, 2017, 09:40:09 AM

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

It really has been a steady rise now. And if the trends continues, in a week or two we will be at 1000$. When we reach that price, we might see some people dumping their coins again. That will be the real test. Hopefully the dump will not be that large to pull the price back down. I really wanted to see 1000$ as our support.

Babayega31

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Yes I already seen that the price is climbing fast again and as the days gone by, demand of bitcoin rises which is the reason it reached this good and profitable price. For those traders of altcoins , its a big opportunities for them to sell their stocks for those who are eager to buy and invest for future profit gaining trading sites like ccex. If this progress will continue in a long way, that's not impossible to bitcoin to hit higher price as an history of digital crypto currency.

GBattaglia

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This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

deisik

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Quote from: Bullshit Hunter on February 01, 2017, 08:34:23 AM

Quote from: deisik on January 31, 2017, 09:33:08 AM

Quote from: d5000 on January 31, 2017, 09:01:34 AM

Allthough the price increase has been not that important (30/35$ or 3-3.5 %) it is significant for the further evolution of the price, in my opinion.

The maximum of the last couple of weeks was around $935-940 depending on the exchange, and this mark seems to have been broken now. Higher highs indicate a continuation of the bullish trend. And the price didn't instantly dip again below 940, so we can describe it at least as "somewhat sustainable".

My prediction is that we will at least see a "try" to break the psychologically important $1000 mark again. However, I'm not sure if this will happen. There is too much fundamental uncertainty now because of the blocksize debate. For now, I don't see a new ATH in the making. It may be best for the long term evolution to stabilize between 780 and 1160 - the current level looks ideal for it - and then climb again when the blocksize problem is solved

That may well be a nice bull trap

Just as I said recently (and always repeat), the price doesn't stay at the same level for long, it will necessarily move somewhere with the big push after the calm. But today's surge looks suspicious to me. It feels like the market makers (aka the price manipulators) are trying to persuade folks into panic buying while in fact they may be preparing a heavy dump to lower 800s

Bulls should get ready for massive slaughter

you do realize that your posts stay here on the forum forever and even if you go back and delete or edit them we will always remember the bullshit you said today!

And so what?

I'm not going to edit (apart from typos, grammar and style) or delete my posts at all, any of them, whatever might happen in the future. I still think that this price surge is a bull trap perfectly crafted. This doesn't mean that I can't be wrong. The next few days (or a week) will tell if these levels can be supported. Personally, I would be much better off if Bitcoin price climbed to 1,500 dollars per coin than collapsed back to 200 (I have no open short positions, just in case). In any case, I will be neither surprised nor taken aback if the price drops to pre-December levels at about 750 or below. Anyway, you may want to hunt elsewhere

Did you register an alt specifically to post your reply hiding your true face?

Bullshit Hunter

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Quote from: deisik on January 31, 2017, 09:33:08 AM

Quote from: d5000 on January 31, 2017, 09:01:34 AM

Allthough the price increase has been not that important (30/35$ or 3-3.5 %) it is significant for the further evolution of the price, in my opinion.

The maximum of the last couple of weeks was around $935-940 depending on the exchange, and this mark seems to have been broken now. Higher highs indicate a continuation of the bullish trend. And the price didn't instantly dip again below 940, so we can describe it at least as "somewhat sustainable".

My prediction is that we will at least see a "try" to break the psychologically important $1000 mark again. However, I'm not sure if this will happen. There is too much fundamental uncertainty now because of the blocksize debate. For now, I don't see a new ATH in the making. It may be best for the long term evolution to stabilize between 780 and 1160 - the current level looks ideal for it - and then climb again when the blocksize problem is solved

That may well be a nice bull trap

Just as I said recently (and always repeat), the price doesn't stay at the same level for long, it will necessarily move somewhere with the big push after the calm. But today's surge looks suspicious to me. It feels like the market makers (aka the price manipulators) are trying to persuade folks into panic buying while in fact they may be preparing a heavy dump to lower 800s

[img ]http://s018.radikal.ru/i527/1701/34/476ec376b041.jpg[/img]

Bulls should get ready for massive slaughter

you do realize that your posts stay here on the forum forever and even if you go back and delete or edit them we will always remember the bullshit you said today!

CyberKuro

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Quote from: deisik on January 31, 2017, 09:33:08 AM

Quote from: d5000 on January 31, 2017, 09:01:34 AM

Allthough the price increase has been not that important (30/35$ or 3-3.5 %) it is significant for the further evolution of the price, in my opinion.

The maximum of the last couple of weeks was around $935-940 depending on the exchange, and this mark seems to have been broken now. Higher highs indicate a continuation of the bullish trend. And the price didn't instantly dip again below 940, so we can describe it at least as "somewhat sustainable".

My prediction is that we will at least see a "try" to break the psychologically important $1000 mark again. However, I'm not sure if this will happen. There is too much fundamental uncertainty now because of the blocksize debate. For now, I don't see a new ATH in the making. It may be best for the long term evolution to stabilize between 780 and 1160 - the current level looks ideal for it - and then climb again when the blocksize problem is solved

That may well be a nice bull trap

Just I said recently (and always repeat) the price doesn't stay at the same level for long, it will necessarily move somewhere with the big push after the calm. But today's surge looks suspicious to me. It feels like the market makers (aka the price manipulators) are trying to persuade folks into panic buying while in fact they may be preparing a heavy dump to lower 800s

Bulls should get ready for massive slaughter

That's what worries us about, and why we can't come back or stay at $1000 level.
Manipulation and daily traders which hinder bitcoin in every price increase.
Beware if the price hit $1000, hopefully we don't trigger to panic sell and dump bitcoin again.
I'm not sure what pump the price suddenly but anything could happen in the next day, let's see how long the price climbing.

mtwelve

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Quote from: deisik on January 31, 2017, 09:33:08 AM

Quote from: d5000 on January 31, 2017, 09:01:34 AM

Allthough the price increase has been not that important (30/35$ or 3-3.5 %) it is significant for the further evolution of the price, in my opinion.

The maximum of the last couple of weeks was around $935-940 depending on the exchange, and this mark seems to have been broken now. Higher highs indicate a continuation of the bullish trend. And the price didn't instantly dip again below 940, so we can describe it at least as "somewhat sustainable".

My prediction is that we will at least see a "try" to break the psychologically important $1000 mark again. However, I'm not sure if this will happen. There is too much fundamental uncertainty now because of the blocksize debate. For now, I don't see a new ATH in the making. It may be best for the long term evolution to stabilize between 780 and 1160 - the current level looks ideal for it - and then climb again when the blocksize problem is solved

That may well be a nice bull trap

Just I said recently (and always repeat) the price doesn't stay at the same level for long, it will necessarily move somewhere with the big push after the calm. But today's surge looks suspicious to me. It feels like the market makers (aka the price manipulators) are trying to persuade folks into panic buying while in fact they may be preparing a heavy dump to lower 800s

Bulls should get ready for massive slaughter

I'm thinking of cashing out, while the price increase is nice and we have seen relative stability, I have this uncertain feeling in my gut. Maybe I'll divest some into alts instead of fiat, not really sure what I should do right now. Cost averaging down by buying more BTC is always an option too. I think I'll sell large portion if we reach high 900's and $1000.

cracxme

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Quote from: Immakillya on January 31, 2017, 09:50:04 AM

Seems like we are going up again. We'll see that on the following days. I hope we hit $1000 again. We are at $951 atm. Im not seeing any bad news today like PBOC investigations and shit. So im expecting that the price will continue on increasing. Cant wait to hit $1000 again. Hope this is not a false alarm.

You are right, price was stable in the last 2 weeks at around $910-920 and now increasing slowly, i think that's the positive sign and hopefully within a week or so we will see $1000 mark again.

Immakillya

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Seems like we are going up again. We'll see that on the following days. I hope we hit $1000 again. We are at $951 atm. Im not seeing any bad news today like PBOC investigations and shit. So im expecting that the price will continue on increasing. Cant wait to hit $1000 again. Hope this is not a false alarm.

pealr12

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Its a common happenning on bitcoin price. Sometimes down and sometimes up,no one can predict the price or where will bitcoin could go. And for me that is not fast climbing. If bitcoin could get up to 1000$ in a day well that is what im calling fast.

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