We are reaching $400 today! - page 2.

thefaucetrunner

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Defend Bitcoin and its PoW: bitcoincleanup.com

Quote from: ajrah on November 03, 2015, 11:12:23 AM

I don't think it reached $400 today, highest I've seen is $394 then it went down to $386, maybe it's too soon for us to celebrate in reaching $400, give it more time we will be there

It's going to touch $400 today, that's a certainty. I bet you 0.01 that it does, how about those odds?

The market is bullish and will remain so until it's hit $420 or so at least, I think. I can see this riding up.

ajrah

sr. member

Activity: 350

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I don't think it reached $400 today, highest I've seen is $394 then it went down to $386, maybe it's too soon for us to celebrate in reaching $400, give it more time we will be there

newbitcoins

member

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The price of bitcoin appreciates quite a lot recently. The price has been around $250 for about a year, which forms a very solid basis. The price may go up a lot this time.

dothebeats

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Cashback 15%

Quote from: jacee on November 03, 2015, 10:10:10 AM

So I recently checked the bitcoin price on bitstamp then saw that we are already in $390+ .
It's funny how I thought just last week that it is impossible to get the price doubled in just a short period of time. I guess I'm wrong on that part.

It scares me tho, how the price increases too fast and how it also loose a price of $50 from one second to another.

What do you guys think? Will this continue or not?
I think it is possible to even get the price triple from the price it is on last weel. Roll Eyes

I was also surprised to see that the price bounced up that fast within a day. I'm not even mad to see that price and some bear traps, but it feels like this is something that will hold its own for long. Just hope that the price wouldn't flash crash gradually. :/

lumeire

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Next-Gen Trade Racing Metaverse

Who would have expected this right? Just about a month ago the price was stuck at sub-$250. I wonder where this buying is coming from, speculators too?

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: criptix on November 03, 2015, 10:37:13 AM

Quote from: vuduchyld on November 03, 2015, 10:31:35 AM

Quote from: jacee on November 03, 2015, 10:10:10 AM

So I recently checked the bitcoin price on bitstamp then saw that we are already in $390+ .
It's funny how I thought just last week that it is impossible to get the price doubled in just a short period of time. I guess I'm wrong on that part.

It scares me tho, how the price increases too fast and how it also loose a price of $50 from one second to another.

What do you guys think? Will this continue or not?
I think it is possible to even get the price triple from the price it is on last weel. Roll Eyes

Using a crude an untested strategy, I would estimate a VALUE of about $420-440 right now based on my guess of bitcoins future share of remittance markets along with global M0 and M1 money supply.

But that pretty much means that btc will have nearly no impact and worth to the world economy.
We are just getting ready to leave the stealth phase ^_+

Well, it means that bitcoin currently HAS very little impact, not that it never WILL. Again, I'm looking at M0 and M1 money supply and trying to calculate a value based on usage. There really isn't much usage compared to the total global $16 trillion money supply. In my OPINION (not fact, just opinion), many of the folks who I've seen speculating on these calculations are probably including things like mining transactions in their volume and velocity calculations.

For what it's worth, I'm thinking $2500-3500 in the range of 2019 or possibly 2020. But that probably assumes that we get past some of the block size and transaction time issues. Ultimately, I'm very concerned that many people get confused between bitcoin and the underlying blockchain. Blockchain is here to STAY. Bitcoin is just one of many possible manifestations. Speculating on bitcoin is just one way of many to "bet" on the blockchain. And it may not be the best.

lihuajkl

legendary

Activity: 1596

Merit: 1000

Great! It seems the market turns to be optimistic! Ppl are buying up bitcoin! The question is when the price will come to the ceiling where the speculators may dump their holdings and scoop the profits!

criptix

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Quote from: vuduchyld on November 03, 2015, 10:31:35 AM

Quote from: jacee on November 03, 2015, 10:10:10 AM

So I recently checked the bitcoin price on bitstamp then saw that we are already in $390+ .
It's funny how I thought just last week that it is impossible to get the price doubled in just a short period of time. I guess I'm wrong on that part.

It scares me tho, how the price increases too fast and how it also loose a price of $50 from one second to another.

What do you guys think? Will this continue or not?
I think it is possible to even get the price triple from the price it is on last weel. Roll Eyes

Using a crude an untested strategy, I would estimate a VALUE of about $420-440 right now based on my guess of bitcoins future share of remittance markets along with global M0 and M1 money supply.

But that pretty much means that btc will have nearly no impact and worth to the world economy.
We are just getting ready to leave the stealth phase ^_+

NUFCrichard

legendary

Activity: 1218

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I don't think that a fair value can be formed for Bitcoin.
What we do know is that large investments are being made into crypto, and that the total value of all bitcoins is still low. That should put a floor on the value, there is no ceiling, even a small diversification of investments into bitcoin could see the price increase 10fold.

I think the price will rise and correct, but I don't know how high we will rise, hopefully higher than $400 though!

teddy5145

hero member

Activity: 714

Merit: 528

Yup, i can confirm this i just checked preev and the price is at 393 Grin

If everything goes well we should reach 400 this week

And then maybe 450 by the end of year Roll Eyes

richardsNY

legendary

Activity: 1232

Merit: 1091

I am nearly sure we will see $400 today. It will be interesting watching the support gets stronger at the $400 level to maintain it for as long as possible.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: jacee on November 03, 2015, 10:10:10 AM

So I recently checked the bitcoin price on bitstamp then saw that we are already in $390+ .
It's funny how I thought just last week that it is impossible to get the price doubled in just a short period of time. I guess I'm wrong on that part.

It scares me tho, how the price increases too fast and how it also loose a price of $50 from one second to another.

What do you guys think? Will this continue or not?
I think it is possible to even get the price triple from the price it is on last weel. Roll Eyes

I think anything is possible with regard to PRICE. PRICE can go just about anywhere in the short term. I'm not seeing much in the way of underlying VALUE drivers, though. This rally is built on...well, not much, really.

Of course, I happen to think bitcoin was undervalued in the $230 range.

Using a crude an untested strategy, I would estimate a VALUE of about $420-440 right now based on my guess of bitcoins future share of remittance markets along with global M0 and M1 money supply.

That said, I think there are frequently wild snapbacks and rallies where PRICE pretty much ignores VALUE. And I (just like everybody else) am guessing with my stab at intrinsic value.

jacee

legendary

Activity: 1302

Merit: 1024

So I recently checked the bitcoin price on bitstamp then saw that we are already in $390+ .
It's funny how I thought just last week that it is impossible to get the price doubled in just a short period of time. I guess I'm wrong on that part.

It scares me tho, how the price increases too fast and how it also loose a price of $50 from one second to another.

What do you guys think? Will this continue or not?
I think it is possible to even get the price triple from the price it is on last weel. Roll Eyes

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