That's time that's sure : we are in a pump - page 4.

Hanacerty

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Quote from: aardvark15 on December 22, 2016, 08:49:51 AM

I'm glad to hear that this may just be a short term pump. I have sold some Bitcoin and would love to be able to buy back at a lower price.

It might not be possible to buy below $800. If the price rises below $889 in the next month, the price will not drop much.

harizen

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Quote from: x4 on December 22, 2016, 08:59:20 AM

Quote from: jondeen707 on December 22, 2016, 08:01:13 AM

Quote from: Fanpant on December 22, 2016, 07:46:26 AM

Quote from: jondeen707 on December 22, 2016, 07:28:46 AM

Curious how strong the correction would be

If the price does not go over $890, there will be little correction.

I don't think it will go over $890 within the next 24 hours, but who knows.

Who knows? Price increase rapidly this few days and now it breaks the barrier if 850 so 890 is not impossible, just another day before christmas it will hit 900 Grin

Honestly we can't take the current price behaviour as a strong basis on how far bitcoin price will go up even for our desire target that is closely approaching and in the case of your post, it's around $890. Once there is a rapid price surge expect some rapid price decrease too. You know in a situation like this a price decrease of even $10 can start a triggered of a bearish activity which is normal.

What we are waiting here is the correction price or how far will the price decrease after the pump. If any price above $700 is fine then what's more at above $800.

x4

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Quote from: jondeen707 on December 22, 2016, 08:01:13 AM

Quote from: Fanpant on December 22, 2016, 07:46:26 AM

Quote from: jondeen707 on December 22, 2016, 07:28:46 AM

Curious how strong the correction would be

If the price does not go over $890, there will be little correction.

I don't think it will go over $890 within the next 24 hours, but who knows.

Who knows? Price increase rapidly this few days and now it breaks the barrier if 850 so 890 is not impossible, just another day before christmas it will hit 900 Grin

aardvark15

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I'm glad to hear that this may just be a short term pump. I have sold some Bitcoin and would love to be able to buy back at a lower price.

jondeen707

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Quote from: Fanpant on December 22, 2016, 07:46:26 AM

Quote from: jondeen707 on December 22, 2016, 07:28:46 AM

Curious how strong the correction would be

If the price does not go over $890, there will be little correction.

I don't think it will go over $890 within the next 24 hours, but who knows.

maku

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Quote from: phunixx on December 22, 2016, 06:50:37 AM

I dont see it go much higher in the near future....
My 2 cents of course 8-))))

I am gonna disagree with you. There are various market indicators (RSI, MACD) which states clearly that this is not the end of bullish trend.
We spent too long under $800, so now when that resistance is broken the price may surge higher than $50-$70.

dawnpot

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I'm still optimistic that it will pump up to $1000 before anything else, so I'll keep buying so long as it's below $1000 and sell after it crosses the $1000 mark.

U2

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I used to be indecisive, but now I'm not sure...

Quote from: LoyceV on December 22, 2016, 05:20:50 AM

For a long time, Bitcoin prize has been going up slow and steady. Some bumps, but overall it's going up.

Look at the all-time graph:
[IMG]http://i66.tinypic.com/s30t2p.gif
Compared to the all-time-high 3 years ago, the increase is more gradual. The last 24 hours, that pattern is broken. But it's kinda what I expected to happen after it finally broke the psychological $800 barrier, because it had been "stuck" just under $778 for quite a while.

After a sharp increase, it usually drops back again, but that could just as well happen after it's reached much higher first. That brings me to my conclusion: I'm neither buying nor selling at the moment. Just enjoying the ride.

That's where I am right now. I'm definitely not selling but I'm also not looking to buy more. Enjoy the ride and don't panic at the correction.

Fanpant

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Quote from: jondeen707 on December 22, 2016, 07:28:46 AM

Curious how strong the correction would be

If the price does not go over $890, there will be little correction.

Red-Apple

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Quote from: Skjöld on December 22, 2016, 03:32:15 AM

Yesterday we broke the 800$ cap and now we are at 861$. That's a lot too fast to be something healthy, and I think this is just another boring pump. Until which point it will go and when it will calm down and to which point is another discussion.

this was a fast rise for sure, and it was a new thing after a very long time in bitcoin that something like this happened with the price. but i would never call this a bubble because it is too small a rise to be a bubble. the price has gone up 7-8% and with bitcoin you can not call that a bubble.

jondeen707

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Quote from: marcuslong on December 22, 2016, 06:52:36 AM

Quote from: Skjöld on December 22, 2016, 03:32:15 AM

Yesterday we broke the 800$ cap and now we are at 861$. That's a lot too fast to be something healthy, and I think this is just another boring pump. Until which point it will go and when it will calm down and to which point is another discussion.

BItcoin is now rapidly puming and it grow too fast from the martket cup and from the other exchange i do not know what really happening now but i always prayed that bitcoin will not fall apart in this comming 2017 and bitcoin will be continously increase im always calm and waiting for the price increase to sell all my coins.

I never doubted Bitcoin's future, but honestly I'm still a bit in awe of the progress it's made this year.

jondeen707

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Curious how strong the correction would be

marcuslong

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Quote from: Skjöld on December 22, 2016, 03:32:15 AM

Yesterday we broke the 800$ cap and now we are at 861$. That's a lot too fast to be something healthy, and I think this is just another boring pump. Until which point it will go and when it will calm down and to which point is another discussion.

BItcoin is now rapidly puming and it grow too fast from the martket cup and from the other exchange i do not know what really happening now but i always prayed that bitcoin will not fall apart in this comming 2017 and bitcoin will be continously increase im always calm and waiting for the price increase to sell all my coins.

phunixx

member

Activity: 121

Merit: 10

Pump for sure, but i sold my BTC at +- 870 USD today (which i bought at +- 370)
I dont see it go much higher in the near future....
My 2 cents of course 8-))))

uki

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cryptojunk bag holder

Quote from: LoyceV on December 22, 2016, 05:20:50 AM

For a long time, Bitcoin prize has been going up slow and steady. Some bumps, but overall it's going up.

Look at the all-time graph:
-snip-
Compared to the all-time-high 3 years ago, the increase is more gradual. The last 24 hours, that pattern is broken. But it's kinda what I expected to happen after it finally broke the psychological $800 barrier, because it had been "stuck" just under $778 for quite a while.

After a sharp increase, it usually drops back again, but that could just as well happen after it's reached much higher first. That brings me to my conclusion: I'm neither buying nor selling at the moment. Just enjoying the ride.

I would expect the correction to start anytime soon. This type of peak, as the one right now, has been seen in the past in the final stages of the up legs. A good and healthy correction would be great before resuming further rise.

chesatochi

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For the healthy of the currency, I don't think the price should move too fast in a short period. I think the price will decrease a little bit after the pump if that happen and will stabilize between 800USD and 850USD.

Personally is always cool to see the number growing in my wallet Wink

LoyceV

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Thick-Skinned Gang Leader and Golden Feather 2021

For a long time, Bitcoin price has been going up slow and steady. Some bumps, but overall it's going up.

Look at the all-time graph:

Compared to the all-time-high 3 years ago, the increase is more gradual. The last 24 hours, that pattern is broken. But it's kinda what I expected to happen after it finally broke the psychological $800 barrier, because it had been "stuck" just under $778 for quite a while.

After a sharp increase, it usually drops back again, but that could just as well happen after it's reached much higher first. That brings me to my conclusion: I'm neither buying nor selling at the moment. Just enjoying the ride.

ABCbits

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Crypto Swap Exchange

Great to see bitcoin price increasing in short time, but i'm sure some people will dump their coins (as usual).
However, i doubt bitcoin price can break $9xx price barrier because the trading volume starting decreasing.

LFC_Bitcoin

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Quote from: MiladMax on December 22, 2016, 04:10:46 AM

I think it will go up to $880-900 and then will dump to 820-830 Undecided

I don't see that as a negative. I think most of us would have settled for this at this stage when the price was around $200-250 around 2 years ago.

JimboToronto

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You're never too old to think young.

I hope you realize that not everyone is a speculator/trader.

Some people buy bitcoins for the purpose of long-term savings or to send money quickly and cheaply around the world.

Others buy bitcoins as a safe haven for their funds when they're under siege from governments and banks.

The situation in India is a prime example of the latter. That's not FOMO.

That's FOLM, fear of losing money. They'll gladly pay a premium to keep their money safe.

I find the word "pump" to be ridiculous.

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