Price just broked $650, so we next stop will be $700 by end of this week - page 4.

pooya87

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Quote from: lolxxxx on October 23, 2016, 02:14:32 PM

Quote from: calme on October 23, 2016, 02:09:03 PM

^^ You would normally short if you thought the mkt was overvalued, so I think we can use context clues to see what you really meant Wink

The demand of bitcoins is increased in the market that is why i guess it is overvalued as there is an whole article about it you can read yourself i just lost the link.

overvalued doesn't mean price has gone up, it means it is over the value that is should be.

and when you say "demand of bitcoin is increased" it means the value is where it should be and even undervalued right now. and that is what i think is happening.

Zadicar

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Quote from: uki on October 23, 2016, 03:36:04 PM

Quote from: lolxxxx on October 23, 2016, 02:14:32 PM

Quote from: calme on October 23, 2016, 02:09:03 PM

^^ You would normally short if you thought the mkt was overvalued, so I think we can use context clues to see what you really meant Wink

The demand of bitcoins is increased in the market that is why i guess it is overvalued as there is an whole article about it you can read yourself i just lost the link.

Forget about article, just think a bit. If something is overvalued, that means it is more likely that the price will drop rather than keep rising.
More likely means here that the price may keep rising for some more time, but not too long. That also means that there is substantial risk to buy at this point of time and the logical decision is to sell rather than to buy.

If we saw the price of bitcoin would soar up high gradually and then just as expected there would be really times that it would go down its price because people would really tend to sell up their bitcoin on the high price and with that it would go down again. Reachin $700 price point would be possible on this year not within this week.

uki

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Quote from: lolxxxx on October 23, 2016, 02:14:32 PM

Quote from: calme on October 23, 2016, 02:09:03 PM

^^ You would normally short if you thought the mkt was overvalued, so I think we can use context clues to see what you really meant Wink

The demand of bitcoins is increased in the market that is why i guess it is overvalued as there is an whole article about it you can read yourself i just lost the link.

Forget about article, just think a bit. If something is overvalued, that means it is more likely that the price will drop rather than keep rising.
More likely means here that the price may keep rising for some more time, but not too long. That also means that there is substantial risk to buy at this point of time and the logical decision is to sell rather than to buy.

lolxxxx

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Quote from: calme on October 23, 2016, 02:09:03 PM

^^ You would normally short if you thought the mkt was overvalued, so I think we can use context clues to see what you really meant Wink

The demand of bitcoins is increased in the market that is why i guess it is overvalued as there is an whole article about it you can read yourself i just lost the link.

BitcoinPC

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Exactly, now bitcoin is $650, and definitely i can predict that bitcoin would be grow more than $750. Now you see bitcoin still in a good position, so i think 100% chances than in the next 2 months bitcoin will be rise up. We should believe on it, that the coming months would be great for bitcoin's price wise and also give us chance to make profit.

calme

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^^ You would normally short if you thought the mkt was overvalued, so I think we can use context clues to see what you really meant Wink

lolxxxx

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And the market is overvalued by 80% best time for investment and the price of bitcoins will grow for sur hoping to see 1k bh the end of 2016 lets hope for the best.

calme

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Of course a long term bull could consider something lowish risk like 2x leverage, which would help the price grow and likely make you richer than buy and hold, without the stress of playing the markets either. Price could drop by over 50% w/o you getting liquidated if you have just a bit of extra money on the side.

Kprawn

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I can definitely see a $700+ price in the next two months, IF we can continue at this trend. We are seeing SegWit and the LN coming soon, and

this will remove any doubt about the scaling issues that has been hyped up by Bitcoin haters and Fiat shills. Once all of this falls into place, we

will see some mainstream adoption globally. Grin

LFC_Bitcoin

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Quote from: BitHodler on October 23, 2016, 01:14:22 PM

Everything is possible of course, but I can't see the price reach $700 (for me) before the end of next week.

But then again, it doesn't really matter much for me if we do happen to reach $700 next week as I will keep hodling my coins for a longer time. No shorting for me.

Me too, long term investment in bitcoin is the way to go I think. If everything works out well it could be the best thing I/you/others ever do.

harizen

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Quote from: amacar2 on October 23, 2016, 05:56:20 AM

Today Price bounces by $20 overnight and today is first day of this week so i think we are heading towards $700 which may get touched by end of this week, what are your speculation.

How much you guys have right now and will you short some when it reach $700 again or not?

Literally if the trend will continue it will touched your price speculation.

About what will I do, it will depends on the current situations, trend or anything that will revolve around when $700 price will happen. As always, that is "one" of my basis before securing profits or maybe I will just let it passed and will do nothing. Let's see.

BitHodler

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Everything is possible of course, but I can't see the price reach $700 (for me) before the end of next week.

But then again, it doesn't really matter much for me if we do happen to reach $700 next week as I will keep hodling my coins for a longer time. No shorting for me.

pitham1

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Quote from: amacar2 on October 23, 2016, 05:56:20 AM

Today Price bounces by $20 overnight and today is first day of this week so i think we are heading towards $700 which may get touched by end of this week, what are your speculation.

How much you guys have right now and will you short some when it reach $700 again or not?

$700 is a huge jump. We seem to be comprehensively out of the $30-$640 range now.
I would bet on $675 being the next resistance level.

Ayers

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i see the price returned exactly where it was before the bad news before the hacker and chinese echange fake volume, this is a good think, it mean that people trust bitcoin, i also see the trend of dumping every other coin when bitcoin increase, i think all money are moving to btc once again

Lucius

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It is always nice to see some price movement in positive direction and this is usually time of the year when things like this happen.I think that 700$ can be reach in next seven days very easy because 50$ is piece of cake when it comes to BTC.

Today is price very stable and it is around 650$, I hope this is a good starting point for even greater growth path

blackmagician

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Quote from: amacar2 on October 23, 2016, 05:56:20 AM

Today Price bounces by $20 overnight and today is first day of this week so i think we are heading towards $700 which may get touched by end of this week, what are your speculation.

How much you guys have right now and will you short some when it reach $700 again or not?

900usd by the end of the year . 2kusd by 2018 and 5k usd in 2020 where another halving will take place.
This is my speculation after 4 years

helloeverybody

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Big Christmas runup followed by the bubble bursting as people need to cash out. 700 will get smashed through and upwords to 1k before we retrace back some. At least a bit of movement creates some excitment if nothing else.

btcdevil

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Quote from: amacar2 on October 23, 2016, 05:56:20 AM

Today Price bounces by $20 overnight and today is first day of this week so i think we are heading towards $700 which may get touched by end of this week, what are your speculation.

How much you guys have right now and will you short some when it reach $700 again or not?

I agree with your point, and my view is also same but my target is that this month ending we will see $700 for sure. As per a old chart we have seen price raise in November month hoping the same in this year November month also.

Vinz24

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Quote from: amacar2 on October 23, 2016, 05:56:20 AM

Today Price bounces by $20 overnight and today is first day of this week so i think we are heading towards $700 which may get touched by end of this week, what are your speculation.

How much you guys have right now and will you short some when it reach $700 again or not?

It is very positive for the price of bitcoin to go up. But I dont think it will reach $700 by next week. I predict that it go upto $670 only by next week and it will go down again.

Denker

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End of this week? That would be today!
No chance we will see the 700 in less than 12 hours!
Right now it looks more like we are fighting to hold the $655 and 4500CNY!
If we should't be able to hold that range we could go down back to 630s, where we moved up from.

Topic: Price just broked $650, so we next stop will be $700 by end of this week - page 4. (Read 3219 times)