Bitcoin Forum

The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to $247.57 today, its highest total since 18th August.

The day's price movement began at roughly 12:20 UTC, but accelerated at 14:00 UTC when the price jumped from $243.01 to $246.15 over a 15-minute span.

The daily high was reached at 15:30 before prices began to edge downward. The price at press time, according to the BPI, is $245.96.

http://media.coindesk.com/2015/10/coindesk-bpi-chart.jpeg


Article : http://www.coindesk.com/bitcoin-price-hits-highest-level-since-august/

What could be the reason in your opinion , if you ask me .; It's all about that Gemini exchange .

And now down to $244(not really significant).

I think so, Gemini exchange is prepare for they site, they have a lot budget, and so it's begin...

Probably Gemini as you suggested, but if the pump cannot even be sustained until launch (tomorrow) I'm not sure how positive of a signal it is.

There are no any bold event which bigger than Gemini Exchange Licensed.

It should be because of that event.

http://fortune.com/2015/10/05/gemini-winklevoss-bitcoin/

it's already going down again. we can't even maintain to keep the price at the $247-$248 levels. we'll probably fall back to below $240 again today.

I just hope that the price will continue to stabilize and increase slowly and steadily. Reward halving is coming as the effect should be coming in soon.

I think not for today randy8777. The price will keep on $247 - approx $252. In my opinion.

Also i will try to make account on Gemini too.

I'm monitoring through preev and when I first saw $250 I was surprised because yesterday it was going up and down from $235 - $238. Now its down to $245  - $247 level. I do hope it will go back to $250 and up.

I was also amazed yesterday at the evening when i was not active in monitoring bitcoin price. I was doing mobile topup and when i see the amount i have to pay is lowered more that before, i check the price and it was 246$+ which used to be 230$ at the morning.

Hope it will not jump like this for 2 more months because i want to collect a little of bitcoins to gain some profit.  ;D ;D

It would be a good thing if it stays on its highest price.  It is going down as of now, but I hope it would stabilize or even go up and stay that way.

Probably one main reason for this is the Gemini exchange its been helpful in the past couple of weeks I have observed it.

it was close as bitstamp reached a low of $242.3 today. a few hundred coins more dumped and the price would dip below $240 for sure.

You're right. I think it will go up for some few days onwards.

Hope BTC price can going up a lot from this Gemini event.

Nahh, i can't register on Gemini from my country. :'(

Omega, this is an awful chart to show the movement and prove your point. Why show the chart from 2011 when the price was super low? You should just show the price for the last few months to clearly show the peak we just hit in that short period. Watching the price creep up slowly is nice...it's slow so there's not too much hype, slow and steady wins the race!

Look like a lot of coins were bought to move to the Gemini exchange. Now everybody is funded and less additional BTC are being bought, price slowly retraces back to where supply meets the demand.

Wish I could trade on Gemini today, but it looks like they will only operate in the mentioned US states from the start.

meh, it is just a little pump, can be anything really, gemini, the hype around the fact that xt is dead, someone pumping it for the sole purpose of starting a chain of pump because of the first two reason that i've mentioned

i mean we were at 230 just a couple of week ago, +15 isn't somethign worth mentioning anymore

Yes it's all about the Gemini. I expect it to continue rising as well since today exchange is opening. This rise is nothing to go crazy about. Just a normal market reaction to the positive news in Bitcoin community. Good to see that we finally have a positive news coming our way.

Could we stop speculating why the price is rising 5-6 dollars or declining the same amount please?!
This is Bitcoin and some of the good old volatility coming back in.
Some guys bought a bit more and now some guys sold a bit more as the price is going down again.Really nothing special to see here.

We are at an obvious flat phase just like 2011 - 2013. After this phase, whoever wasn't buyin as much cheap coin as possible will cry for days when the next pump goes 5 figures. It just may take double the time so im not worried about missing out, still got plenty of time to buy Bitcoin monthly. Thats my mission and sole purpose on life right now.

Well, the only reason I could see why is this happening is due to Gemini exchange, nothing more. Traders love to take advantage of this news to make some couple of bucks to take home as profit. As for the trend, we seem to be holding off at around $235-$240 range. Once $250 is reached, I think another rally would soon emerge, this time cross $300 barrier.

It is even getting better nowadays with good news. Bitcoin gets more trust buddies. We will see $300 in near.

Good news isn't pushing the price. It's more the fact that people think the price will sky rocket as the halving comes closer and closer. They simply buy to not miss a profit making opportunity.

I was expecting it to get to around $300 by end of this year but at the current rate it seems like we might get there within the next week or two.

There should be more than enough support below to catch any dips as and when they happen so I'm pretty sure it's a one-way road from here.

It seems like the August pump. We get all excited and then it comes back to $230. Maybe I am wrong but I can't get my hopes up.

The price will go up when people least expect it.

Good news too... look around and you will see it easy. Just the other day Europe decided to officially treat with Bitcoin as another foreign legit currency (so this means no VAT). This is MASSIVELY good news. Im sure this is a % of the price boost, among a bunch of other good stuff going on as we speak.

well yes i do not doubt that this can be one of the reasons about why the price of bitcoin raise up, another good reason could be gemini exchange too, but IMHO, i think is because the halving, maybe we are "suffering" the expected impact on the next year before we expected, who know.

probably because of greece ,whatever the triggers are , if it make bitcoin price go up then i'll be happy  ;D

I think that Greece have very few (or at all) to do with the bitcoin in these days. The crisis for the moment is away, everything is going normally (at least from the latest news) and have no reason that the people go more at bitcoin than the times of crisis. But even because I believe that the users of bitcoin in Greece are very few. And they don't use to much it.

Anyhow, in these moments the price of bitcoin, according to preev.com is 283.3 us dollar. If i will be stable this time?

basically never? because we are always expecting it to grow now, this is enforced by the halving

today it has come down and was hovering around 286.
Was that a pump in prices of bitcoins or is has gained thatmuch traction.
I was thinking that it would be march or april 2016 when the prices would cross 270 due to increase in buying and holding, so it's good though.

Come on guys, this ain't Greece. This can be China with their latest article, Gemini, EU with their rulling and maybe the halving expectations but it's definitely not Greece!

this month bitcoin prices rise more than $40
if the last month rise as the Greek crisis,
if this month price of bitcoin rise because of what, according to you ?

gemini, EU vat-free bitcoin, and china that unoficially allowed bitcoin, nothing else

while this may seems a good news, i'm not so sure about the impact on the market, that they may have

another delusional pump i guess...

I am keeping my fingers crossed for it to pass the $300 barrier once again. Maybe the influx of chinese users will help.

i'm sure we'll go over the $300 price level, but it can take a month or 2. maybe even the beginning of next year. i only hope we'll maintain the support at $300.

do you think the price increase is likely to continue?
how long the gemini, EU vat-free bitcoin, and china,  influence on the price of bitcoin?

The bitcoin price at the moment is $286,
And last time that it was a slightly a bit higher $287 was at 30 July (based on coindesk graph)
I think that the bitcoin price is going to reach the amount of 300 dollars by the end of this week.

At present it is testing a range between 280 and 290
It will breakthrough in my opinion the question is if it can make it in the next few days or if it will get stuck here for a while longer.
Either way its been a good month seeing how op was at 247 ish

the highest bitcoin price at this month happened in october 25th reach up to $294 but the price a bit down again to $284 yesterday and now at $289
and i wish too could be reach $300 in the end of the week

I am watching the $300 target price too. Let`s see if it will break it this week. If yes, it will be positive sign. Anyway the trend is good.

I hope the price does not reach $300 by the end the week, or even this month. It is better to be end of December. I just want to price to be around $270-290 for October and November. Stable price matters.

it looks like the price of $ 300 is quite a difficult thing, see this week the price of gold is still struggling in the price $275-289
but we'll look it

compared with the beginning of 2015, the price of bitcoin is now fairly stable, but it all depends on the price of bitcoin on the sale on the stock market, when stocks slightly while demand a lot, the price of bitcoin will increase, while conversely when stock lots and little demand, then the price of bitcoin decreases

i remember a 312 as a peak with the greece thing, maybe it was on one exchange only, but definitely we did brake the 300 wall

After trying to pass the 300 $ point it goes down, but not to previus levels, only a bit down, it could try to pass the 300 level on few days. Seems that lot of people joined on bitcoin comunity and want to buy.

A little bit down and a little up is fine. We need the price to go up slowly and gradually. Stability is the key to value storage and as a currency.

The price of bitcoin is quite stable now. Still remember the time it reached $190 or something around that. Phew, kinda harsh for everyone who works with bitcoin. I think that this gonna be the price of bitcoin flactuating aroung 240-270 but it can go higher a bit like 300.

I disagree. Yes, stable price matters, but if price is constantly rising this is even better than a stable price.

I think the price will reach around $500 and then it will be stable for several months.

Yes. Only sustaining prices will push the market further. There is no point if the price test $300 level and goes back to it's original origin points of $230 levels. But this time bitcoin markets show huge raise in volumes which is the indication for new money flow which is again good for bigger prices.

Yes. We did went over $300 briefly last time. Then it went back down to around $240. I did not have the exact figure.

300 time baby, we can do it. Of course all those guys that were saying we would never see 300 again, were are they at right now? Oh yes, they are hiding in the shadows being butthurt. Well, you had a lot of time to start buying cheap as hell Bitcoin since we hit the floor at 150 dollars months ago. People will always complain no matter what.

yeah stable around $280-$299

do you think the bitcoin price will exceed $ 300 for this month ?

Currently $303 at Coinbase which is based on Bitfinex price, I think. We will be over 320 tomorrow, October 28, 2015.

i think we'll see traders take profits before we can expect the price to go up more. i think it will go down to around $290 and then go up to $310 after a week or so.

It's all about the timing now to make some nice extra bits with buy and sell orders. :)

As long as you don't sell and wait for too long to re-buy in in case price keeps rising, you'll be fine.^^

Perhaps looking at a poloniex chart what I see is a rally for a long term trend
https://poloniex.com/exchange#usdt_btc
Either it will go back down because of the steepness and consolidate a bit more or it will push up.

i was just looking it from ealier and its 300+ dollars that is equal to 1 BTC

well that normal swing, there, not even a price correction, we are talking about 3% variance, it will be normal even when bitcoin will be big

it seems that we are following quite well the last run up to 300, so i'm still undecided about trusting this pump or not

So it reached 300. Sooner than what I have expected but that is good signs I have to say

The bitcoin price hits highest level since July. If we go up a little more even we can start saying highest price since start of 2015.

Were we in the longest bear market of bitcoin? Are we out of the bear market? What is the watershed price to enter bull market?

I think the problem here is whether it can maintain the level it has reached right now. This is not the first time that after it has breached the 300 level we saw some quick selling going on that eventually pulled the price back to the 220 to 240 range. Let's see if it will be different this time.

This is also my main concern. This time could be different. We have Gemini now, it is regulated and has bank to custody our money.

I believe this time bitcoin may do different things as it has progressed to this level with high volumes than last attempts. It means it has enough reasons to stay there at $300 levels for some time. Sustaining above $300 is more important for further price movement.

The price is going back bellow than $300.
At the moment it is 298 as shows on coindesk bitcoin price chart.
I think it should take the highest level on November or December for this year

that can be sure yet as the price climbing faster than normal is a sign of unstability. We cannot sure what will happen with it. And the halving is coming soon too so this is unpredictable

If the price rises too fast, it is not good for the medium. We need lower volatility to show the bitcoin as a value store and currency.

But now the price is above $305 again. It looks like it is stabilizing there, around $300, but I think it will reach $320 and will stay at that point +- $20 several months from now.

well it's not something that depend from us, for now it's more important that the price rise, because we are too low, it does not matter much if we reach 1k in 1 day or 1 year

when the price will reach a good position, that it's better to look at steady grow and stability, but they are not important for the time being

The price has been increased too much for now.
But i think it is the real price for October.
I think that by the end of the year will reach the maximum price for 2015

We can't maintain a stable price at this range forever, bitcoin is way too small.

A single person can buy up all bitcoins at current price if he wants. That's not healthy for a worldwide currency.

We won't be stable for several years to come, bitcoin is too small and too fresh to be stable.

Yes we will have volatility for several more years.But this will be volatility on the way up!!I can live with that.

Can you live with the two year bear market we just experienced. It could take another year to reach the $1200 level in 2013. That is three year in total.

its nice to hear that as it means bitcoin is getting more popular lets hope the price will keep on rising

yes, it's easy to live with that, because even though the bear market can last for years, we all know it's going to bull eventually, and when it does, it will go big.

go big or go home.

Today's been the highest since January, back when it started falling from the 2014 price.

This can't last, we all know that. (But a man can hope)

well thats cool lets hope this trend will keep on going and bitcoins price will go to the new heights what would attract more investors

A small correction would be healthy to cool down the technical indicators.
The important part of the story is what will happen next. Whether the possible correction will be shallow or we go back to mid $200 levels. It looks, at least for now that there is a potential to see further grows in the remaining two months of the year.

The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today ;D

Yes right now preev showing some $330+ levels. I believe this may go beyond $350 levels too on today or tomorrow itself. This might be the highest prices since last February 2015. Lets hope for 2015's highest price to happen on November 2015 itself.

This is a good sign for bitcoin actually but I'm wondering what pump the bitcoin's price up so fast? I feel that its price is not a long-term one I think, somewhat unstable

I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?

*bookmarked

that's what I really don't know some kind of mysterious force buy bitcoin? No reason for one's price just climb up. If it increases for no reason, soon there will be a big dump

I agree that a lot healthier would be to have a slow and steady rise. Otherwise such a sudden move could end quickly as we run out of buyers and then the correction would be much deeper. But it is good to see that the 3 digit in front is stable, at least for now. It has been months since we last had these prices.

I suspect a combination of factors, but the leading one being the continuing Chinese economy issues with some input from the current tensions the Chinese government has been causing with their South China Sea push - and the escalating PUSHBACK in the last few days from the US among others - then folks see the price of Bitcoin rising significantly and decide to jump on the bandwagon.

 Makes me happy I bought a bunch late last summer.

 8-)

Yup, i got it. Going up fast with no reason (event)
and then going down super fast with no reason too.  ;D

Anyway, today is the best time to sell bitcoin. We can get fiat money in fast today.
Put BTC on marketplace to dollar, and in flash its already on $ !

First of all congratulations on a good buy. The latest by the next halving event that should be a very profitable trade.
As for the news about Chinese investors that become a bit of a urban legend in the Bitcoin community. Every now and then since the fall from the last ATH there is a news on why this time the Chinese should move all their savings into the bitcoin, which of course is not happening. To make my point clear, I am not underestimating the purchasing power of Chinese savers who may become interested in Bitcoin. But it is hard to believe that all of people looking for new location for their money would choose Bitcoin, having quite many easier alternatives around.

It's sentiment since there always is a reason
Could also just be some pushback after a steady declining pattern over the year and a combination of news articles all focusing on Bitcoin and the blockchain that is bringing it back to mainstream attention at present.

Blockchain? Did they solved double transaction from malleability attack?
That can be a reason then.

Yup, it's alway be a reason for some "investment" which can going up or down. If there are no reason behind it, then some group are in control of it. And it's not good for bitcoin. Many people try to trust on bitcoin, which declared "it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.".

I doubt that ALL the chinese are moving into Bitcoin - but consider they have over a BILLION POPULATION, 1 tenth of one percent of that (1 million) moving to buy 1 bitcoin would send the bitcoin price rocketing up.

 OK, realistically probably only a few tens or a couple hundreds of thousands of Chinese even know about Bitcoin - but that's still a lotta folks even if only a percent of them decide to push money into Bitcoin.

 Given most of the action pushing pricing up in on the Chinese exchanges, there HAS to be some sort of a Chinese link somewhere.

here is also a very nice article, adding another point: https://bitcoinmagazine.com/articles/chinese-exchanges-agree-bitcoin-price-has-nothing-to-do-with-capital-controls-1446233197 (https://bitcoinmagazine.com/articles/chinese-exchanges-agree-bitcoin-price-has-nothing-to-do-with-capital-controls-1446233197)

I would add one important point to our discussion on the Chinese market and exchanges. The two biggest exchanges do not have trading fees making bigger price swings and market manipulation much easier. That may also add fuel to the fire once the price increase pace starts accelerating.

That's cool.
The price has been increased so much now. :)
I hope it will remain for a long time.

The price has stopped at around $310 now. It is cool. If it stays around $310 for a few weeks, then good time is ahead.

And anyway, 2 years is a troll exaggeration.
In hindsight, we can see the bear market lasted from dec, 2013 thru jan, 2015. More accurately expressed as one year.

are we happy for the 328 or we need more ? like too much money could hurt but ok we try to stalbe beteewn the 350 if we can

it was 330 like few hours ago, now a little drop to 324, this is surely a new highest of this year, there were never a past-300 price that was so high since january

and it look to be stable enough

325 according to preev right now. The price's more stable I think. Bitcoin's price is the hot topic at the moment as it sky-rocketed from 250 to 325 only after a few days. This could be the new price of bitcoin after months stucked at 220-250 ;D

This pretty effectively illustrates the futility of looking at 5 minute price moves and trying to discern any longer term impact or momentum...

It is too early to be very positive about current prices. It does not show long term rise to higher points.
Just hold your breath guys. It is still early. Be ready for downwards trend.

Nothing the comming year 2016 will show what the price is up to in the very longterm. Currently everything you see is short term.

Every long term starts somewhere. It could have started right now. A solid and stable uptrend until in June we have an huge panic selling rally pushing Bitcoin to 5K a coin is perfectly possible given the current coordinates. I might suggest that you keep stacking Bitcoin at any price under 500 dollars, then start buying slower but steady.

We still have 38 weeks until halving. Many of us are expecting it to be major point is bitcoin price history. But bitcoin prosperity right now is good.
There is no bad news, only slightly positive ones, bitcoin is being accepted slowly but surely.

Bitcoin community in a nutshell: price rises 30%, suddenly people are talking about how "reasonable" or "possible" another 1500% rise is. Stay grounded in reality my friends!

We can always find justification for price rise if the price has risen and vice versa. This time the price rise could be related to next year's halving.

Yah the price of bitcoins in dollars increasing at very faster rate and probably it will increase till next year july.

It's struggling to go up, actually. Look at the price now. It seems that the fuel has somewhat ran out for this trip. Next week, we'll be able to aee whether we will continue going up or not.

Well since the price is dropping too much today,
I hope that it will stop at least at 300 dollars because it would be a huge dump.
What i really notice now is that the exchange rate for alt coins has been increased a bit.

The price for litecoin, Ethereum, Dash and many other altcoins also dropped. Maybe it is consolidation time.

Well most of other coins (alt coins) are directly depended from bitcoin price.
When the bitcoin price is increased their price is also increased.
The difference is in the exchange rate sometimes which makes some lost exchanging to bitcoin.
I think that we all agree that the price of this month was the highest of year and we hope for more in upcoming weeks.

Fingers crossed that it keeps going higher! Impossible to predict unfortunately

this is possible because the same bot are playing on every market, thus they have the same money spreaded on multiple exchange, this mean that they manipulate everything in the same way

otherwise altcoin should increase when bitcoin decrease some times, but it only happen very rarely

That is even worse then. If, with all that positive news and halving in not so distant perspective, we are still hardly above $300.
My point being, it is still too early to call it a bull market. Very much it will depend on how we react for the coming correction. whether it will stop around $300, or we go back to the previous range-bound area.

Bitcoin need to find its true value. More and more people, companies are getting interested in the benefits of cryptocurrency for the future. Every day the bitcoin grows and adoption increases (everyone of us work on some way for that), so it`s perfectly logical to assume that bitcoin will worth much more. In the end I will stay positive about this and future rise`s of bitcoin price.

I agree the above assessment. It will take some time for bitcoin to be adopted widely and we have to promote the idea of bitcoin.

It rising to new levels now just lost it's buzz. It just seems like the norm now seeing it rise $25-30 in the last 24hrs is not new news.
It is just a buzz kill for the ones that missed buying up last week.  :'(

The price will keep on rising as the main stream news media are reporting the rise, that will fuel further rise.

I hope the price will rise slowly.

Slow and steady would probably be more sustainable than rapid increases. But everyone thinks Bitcoin is going to make them rich, which is why you have rapid crashes, like the $80 drop we've seen in the last 24 hours after a rapid rise to almost $500 this week. This kind of rapid rise isn't sustainable, and you get these dramatic drops when people get scared of holding the bag when another bubble bursts.

many price changes happen in the last 24 hours. Bitcoin is not stable at all thanks to the media telling that bitcoin's price is high

Yes only slow and steady will win the race. If bitcoin claimb slowly towards higher prices then we can expect more sustaining higher prices. If bitcoin goes into higher places in two days then we might need to see lower prices in third or fourth day.

A slow and steady rise is the best possible growth you can have. It's only impossible for Bitcoin at this point as the comming months will be a heavy roller coaster ride due to the block halving. There is a lot money to be made if you play the market right.

I think this is the new price of bitcoin: around 380. From here we will start to build up the price of bitcoin because this won't be the final price of it as the halving is coming soon

just in my opinion, halving will make bitcoin price goes up because pretty much miners will stop mining and bitcoin supply will be less than demand

The supply will be constant after the halving no matter how many miners there are. There will be 12.5 bitcoins produced every ten minutes whether there are a billion miners or a million miners. Supply production will be constant, it will just be half of what it was before the halving.

not at all, when the supply is lower the demand for it will increase which will pump the price up ;D this will actually attract more miners because high price => profitable to mine => more miners !

Less than 3% of the daily Bitcoin volumes are taken up by the newly mined coins (looking at the transaction volumes in the major exchanges). So I am not sure whether there will be a sudden supply / demand inequality once the block halving occurs. And also, the block reward halving is still some 7 months away. A lot can happen before that.  ;D

For sure. If anything, the disruptions to supply (to the extent they occur) will more likely be caused by expectation of what should be happening to the price and the perception of what is happening with supply, as opposed to what is actually happening.

Good to see your hopes. Were and mine until a few days ago when bitcoin, for 4-5 days, remained at these amounts. It would be a respectable prediction yours because made some time before the happening of such price. But unfortunately bitcoin did not resist at this level. Fell down at another one. Where are since some days. But even if stay there it will be again ok. The fear is if it will go at the same level of the beginning of the last event of these lasts weeks. If it will be so all all the happening has served for nothing. Only for the speculators which earned some other bitcoins. But for the bitcoin itself can be considered another failure.

Like the price playing today. I consider this a new floor.

Well Im still optimistic that we will surpass the highest price this year. Volumes showing good signs as of now. Im not just saying that Im optimistic. Somehow some of my own speculation has basis.

The real and stable high price become from the real increase of the demand and not from the increase of volume. The increase of volume can come even from speculations. So it is not real demand. And without demand (which mean spread of bitcoin and known of it by new people who will want to own some of those) cannot be real increase and stability of this new high price. Maybe someday can be an increase of price but after this increase will be again the decrease at the same level. This mean nothing for bitcoin.

theres still aproaxing christmas and people buy presents with fiat insted of btc soo the exchange will put price a bit down it grow up like the halving never much before unless europe and china change.