Bitcoin Forum

whats the news?

Well...

Its good news atleast xD

Yeah! That's good. Hope soon will get to 300

well this
http://www.scribd.com/doc/271095696/GBTC-Initiation-2015-07-09

Now, bitcoin hit $290.

correct me if I'm wrong, but I think the chinese stock market and greek collapse play a big part on this.



OMFG that was fast!

It seems like it.

the chinese throwing their remaining money into BTC and the Greeks trying to survive on BTC.

Its funny.. My friend that I vouched for because he wanted to buy a "insane" amount of BTC with his account is from greece.. I asked him why he needed it, and he was like "Dont you watch the news? We need to save what we have.."

Dunno if he got any deals done or not.. I told him to ask for less..

Back on topic..

Lets see how this little pump goes..

http://preev.com/btc/usd

Check price here..
The average of the big exchanges.. Some might say 300$ even.. But that doesnt count!!
We need the average to be above 300$ xD

If it were Greece it would have happened several days ago, but they can't even move their money out of the country anymore. The stock market thing also happened a couple of days ago.

I was surprised the other day it didn't go up, it's certainly what I would have done, buy bitcoin I mean... in fact I did buy more  :)

yeah I've been keeping preev opened on another tab. I was just surprised to see it reached 288$ when the last time I noticed it was still at 281$...

the price get a sky rocket

a lot of news, Greek news was the initial fuel of the rocket and it brought the price up one level, then the chinese who where always in bitcoin market, had their stock market go to hell.

now we are witnessing what was waiting to happen for a long time

Too fast. Steady pace please.

I think most of the European countries having the same problems as the Greeks, are slowly moving to Bitcoin markets. The Greek situation was just the spark needed to light the fuse.
International markets also got a bit of a fright with the 30% collapse of the Chinese markets, and some of them are looking for a relative safe investment <Eg. Gold / Bitcoin>
Where is my popcorn? This is a show not to be missed. ^chuckle^ 

In Houbi it hit PPROX $350. I think chinese manipulation.

it's to early to say greek people buying bitcoin, but i think it's chinese people trying to find a good investment in bitcoin. if this is the case we might see another nice peak.

It's going to hit $600 this month. That is word on the bitcoin block.

Approaching 290 hopefully on the way to a recovery
Keeping with the positive sentiment hope it goes up more.

So you're telling me that any rise that occurs means that someone is manipulating? Please.
I wonder why people have an attitude like this one. When the price is going down they are complaining and making theories, when it is going up they still persist.

I was actually surprised since I made a post a few hours ago and said the price was around $272. It is actually nice to see Bitcoin going up again, it was about time.

https://i.imgur.com/otLAjdf.png
There was definitely a lot of volume in a short period of time: 1.7k and 2.9k. If we look at the tradeview we can clearly see reduced resistance until at least $350.

290$ now :o Kim Dotcom said Buy Gold and Bitcoin so buy gold and bitcoin it is however he was speaking about Greece issue and I don't see how greece is the reason of the current pump to be honest , they can't withraw a shit from their bank accounts (little amounts) so not sure how that affected on bitcoin  :-\
even if it's market manipulation it can't be that big , I mean they can't pump the price to whatever they want to between a night and another one.

It means nothing. It increases and decreases for small amounts. If you have Bitcoins, I would say sell them now and get some small profit in case you bought them for less than $240.

What if the price does not come down below $240?

It's not "what if" because it will most likely will never get back to that amount , I know we can't really predict otherwise we would be all rich but there is some factors and I guess greece is one of those factors even if i don't understand why it started now while their problem started days ago

yes yes, I clearly remember smart guys like you before years, when they start shouting "omg, sell now and buy more BTC, once it will be below 100$". You are recommending to do something, which may (most likely) never happen any-time in future..

BTC was for few minute 300 on ok coin today.
I will hold. At least until 325.

BTC to da moon.  :)

He never said that it's going to to $240.

I've to say I disagree with this one. 100$ means that the price will need to go down at least 120$ depends on the current price. but right now the price only needs to go down by 40$ to get to 240$. I know it's still hard to imagine, but keep in mind that the price was at 240$ just a little while ago. and you never know what people will do when they start seeing sizable decrease in price


whoops. I guess we all do that sometimes.. sorry bout that

Ahh yeah, you are right, sorry. It is tempting to sell now for guys which bought at ~240 or even lower (like me) but hodling is so cool:) anyway, for those, which are not is some finance need doesn't make sense to sell it now anyway..

It's going to $285 right now. I hope it will touch $300 tomorrow. It's a good news. Now i'm going to hold my BTC in my wallet and see the price ;D. Price up 4% in one day :o

still chump change

This is problem with BTC, price is changing to quickly and to much.
Merchants don't like it so much because, in this way, they can too easily lose money.
I hope that Bitcoin hit even more, at least $ 400 soon but right now I will be content with $ 300. :)

It is 2015. Merchants doesn´t care what is the price right now.
There are many tools in BTC that change instantly to fiat.

I believe we will see 350 this weekend.

it's the next pit stop, i think we are going to climb nicely and slowly, with a powerful steady growth

the aiming is to consolidate each new floor while we raising, i can't believe that there are still many that thinkg that this is a dead cat bounce, prepare yourself fo 300+ because nothing will stop it this time

I firmly convinced that bitcoin and moon are tied together, it's only a matter of time and nothing else

there is lot of pl who is thinking that the bitcoin rocket is comming ;)

lets see whats happend in the next days, but i think the time is here already.


exactly thats the key to made things going good, lets hope now is the case ;)

Does someone know why happened?

I only know it happened just when contracts were finished in okcoin

I remember many firms were waiting for this price to resume their businesses .Lets see if they would do so :)

Lets just pray for BTC staying above the 280$ for a while now.. Better than a rocket jump up and then a huge dump.

nearly @$290 lets hope for $300+ soon

Fuck YES!
but wait NOOO! Satoshi, let me buy some more before you skyrocket!

Spot gold price is actually still holding close to its five year low. It's only marginally up from yesterday when I checked it.

https://www.bullionvault.com/gold-price-chart.do (https://www.bullionvault.com/gold-price-chart.do)

Here's an interesting inverse, Litecoin: https://www.coingecko.com/en/coins/litecoin (https://www.coingecko.com/en/coins/litecoin)

The opposite way to the BTC spike. Don't know if it's really that, but Litecoin made a large rally over the last few days.

Perfect timing, someone is selling huge amount of litecoin today, price dropped 50% in a couple of hours, again proved that litecoin is a pump and dump instrument

It is similar on bitcoin, obviously a planned pump by Chinese exchanges, all of them showing a large spike of short squeeze, I guess all the people who were shorting bitcoin were wiped out

that is good sign by solid increase and steady growth so that is taking the price higher to higher after a long time, that is really great sign about great future of bitcoin in very near future so that with some positive it will continue to the right direction over 1k by the end of this year, that will be amazing gift of Christmas for bitcoin community.

the more bad news in world finance the more attractive btc looks to the masses.  one day everyone will understand.  for now its for those areas of the world with overly strict controls where your money isn't really yours.

So happy to hear this, but that's would be better if the price resist in $280~ so I could win btc for my bounty prediction lol  :P

Chinese are finding bitcoin to invest from their $1.3T market take off last week.I see another spike soon.

I noticed LTC is being dumped for BTC and I think that explains the huge rise

Look at it this way though..

LTC is still WAY.... INSANELY above what it was a month ago...

I agree 10000000000% someone sold off litecoin for BTC, but IMO this is the ULTIMATE bear trap... I think this LTC bear trap will be talked about for some time.  IMO that same "someone" will buy back that LTC as well...

Mood = full bullish

BITCOIN HIT 290$, the only way we going is up babay. Haha, I think its a spike, and the price will come down after a while if constant trade does not continue and major events don't take place, I would also conclude that regardless of whatever happens, hold it in and wait a little longer before you let go for some quick buck. Good luck to all of the bitcoin community!

Everyone BUY!

It's pretty much what I did with a small short Litecoin position, put the BTC into LTC, made a profit, and then back into BTC. There were some large numbers going down though. People that had probably held LTC for some time getting shot of it all the way up. Thousands of LTC here and there all the way along from what I saw.

TY Grexit.  I doubt it can hit there so quickly, but we should hope for over $300 closing at the end of this week.

Wedbush report (http://www.scribd.com/doc/271095696/GBTC-Initiation-2015-07-09) says that we should expect $400 in the next 12 months.
However, I could see this happen even this summer. Although I think that people need to calm and not hype this too much. The problem is that  there will be a bigger loss of confidence/panic if we do not achieve the desired price range/go down. For now I would like the price to stabilize a bit above $300. If the price increases too quickly, that's not a good thing either.

We will see over $400 in the next 12 months.  There's a good probability we'll see WAY over $400, especially with the next halving 54 weeks away.  Anyone who says that it's already priced in is wrong - see: Litecoin's activity with 45 days left.

not really, bitcoin was pumped to 250 before the litecoin pump ended, and then again to 266 before the dump of litecoin, that appeared today, they are not 100% correlated

i think someone with a big amount of money(probably who's bought litecoin when it was at 0.002) dumped everything today to switch to bitcoin, and has raised the price to almost 300

That must've been a fucking huge amount. The price is still soaring. 293 right now. Really amazing.

I would agree. We have already reached $290+ this morning. There are positive signs that Bitcoin is adjusting itself to the right value, even without any major news related.
The halving is scheduled for  2016-07-28 ,and I'm pretty sure that we are going to see strong movements once that happens.

The Litecoin market is not big enough to move Bitcoin this much.

I think it was greece. Because when it showed up that they will get fresh money the price dropped. It dropped again when it was clear they will get some.

I don't think china is involved. Even though they have problems, there is no reason to go into bitcoin. But greece is different. They don't have a currency and want to safe their money. China has a stable currency, no need to go to bitcoin.

i think it was more usual bitcoin traders that got dissapointed after the greece announcement. they quickly sold their stash they bought for at that day a premium.

Well, hype or not being triggered by greece, we are 10 days later and the price hasn't crashed back, we are still holding steady on the 280 area, which is great news. Let's hope for a long period of time on this 280-300 range. I seriously don't understand the people that cannot wait for the ride to start. What's the point? Unless you already got tons of BTC sticking, I don't understand how this low stable price isn't great news for you.

When are we going to hit $300

We are going to be hitting 300 before the summer ends, I think its a pretty safe thing to predict. We've hit 300 already in 2 occasions, there's no 2 without 3, and the third time it may be too late to keep waiting for lower prices.

Your'e right. I had awaited that it crashed earlier but i still think the chance is high. The market does not know if it should go up. But no one thinks all is lost too. Unfortunately in these situation, when the volatility gets lower and lower, it will crash at one point. Especially when the flat price line will break the up trendline that way.

Of course it's no sure thing but i think the chance is still high.

There is no need to rush things. I've been often telling people this. Currently we are sitting above $270 which is great and it looks like that could be the current bottom.
We are also very close to $280. There have been predictions that Bitcoin will be worth $400 in the next year, so it is a way up from here.

Since this thread has been opened(created) it has been passed 13 days.
Around 2 weeks and the bitcoin has changed it price time by time.
But at the end of these 2 weeks it is still the same ~280$

Within the range $240-$300.

from my point of view the range is more like $250-$299 definitely not below $250 as that would make us lose precious ground.

was the greece stuff, but since it is solved now(more or less), the prices are as they are now