Bitcoin Forum

You didn't see that last run up coming either.  Could this be the start of the new price run-up?  Any guess as to the peak this time? 

Previous peaks: April 2013: $140; Nov 11, 2013 $1200

Could very well be. There has been some exciting news. The only problem that is still looming around the corner is the blocksize.

We had a run a few months ago as well, looked like it would break out a bit, but unfortunately it dropped back. But we have been pushing upwards more than downwards imo.

I am not quite sure because bitcoin is now widely known as the former did not. but still there is a possibility to increase, but not to 1000%. can be 100% is the best option.

I think it is too early to say is this only pump to dump or something more serious.
If prices continue to rise and if it passed 300$ will be a good sign that maybe something more serious comes :)

First of this should be in speculation . Second , I think the price will get up to 290 then drop back to 215 or so, this high price will not remain stable for long IMO.

My personal opinion based on nothing, it will rise to around 280 USD,
float around there until December, where it will return to around 240 USD for the holidays.

Of course, if the rise is correlated to the winklevoss exchange (Gemini) actually getting wall street money,
it may go much higher and be totally unpredictable. This may be just a run up before the holidays tho.

I want to think of this as the push in the right direction.. We saw Gemini launched and some new capital being injected and G2A.COM accepting Bitcoin, and I think this might have

bumped the price a little. We also have not seen any major scandals or scams while this has been going on, so the price could climb a little. I predict a steady climb to $300 and

then a slow decline to $260 again. The $300 level is just psychological price break for people who came in at $250 and are looking to speculate and take a quick profit.  ::)

http://data.bitcoinity.org/markets/volume/30d/USD/gemini?t=bar

I vote vote for 100% too. I think if it will be over $500 for BTC the price will drop then, but there is no reason for the price to return to $220.

Perhaps but it will take awhile and then BOOM.

As i have stated before it will jump many multiples in MINTUES when it bubbles again.

I for see something like

260 Day 1
260 Day 2
270
260
270
280
290
300
300
290
300
.
.
.
500 Day 200(ish)
520 Day 201
500 Day 202
800 Day 202
1300 Day 202
3000 Day 202
5000 Day 202

well i would not expect anything huge from this though i believe that the price of bitcoin might stay somewhere at 260 dollars each

ahhh bitcoin price threads....

i know what will happen when we hit 190 USD again  ;D

Don't got a clue. It only really counts if it breaches a significant price level such as 320. Then it's actually making a proper move. Until then it's hard to detect a rise in sentiment in either direction.

OP no this is not a big run up this is the same as what comes every other month or so, pump up close to $300 give or take and then when they're ready a nice steady crash down to $220'ish give or take. Very profitable for the ones who are controlling it and many but-hurts of those who think we are going to hit another ATH so hodl. Get out any time now and get back in a month or so.

It could be, my hopes are up as it will be a fruitful Christmas if ever. :) The past year had been profitable for me even though we experienced many lows. Just let this uptrend sit for awhile until the halving and everyone will be happy. :)

I think this is the most likely out come currently.

No chance!

If you ask me, it's still to early to call the next big rally. But the Bitcoin exchange ratio has formed a 10-month wide bottom within a range of ~$200 - 300. I will be more confident of the next rise if the prices manages to consistently break $300.

However to be fairly certain that the next bull market is starting a further break of the $400-level is required imho.

Fundamentally, the next rise should take place around the next halving in mid-2016 (+/- 3 months).

ya.ya.yo!

Kind of. This is actually the peak of this leg of a much larger rise. We will see it go lower over the weekend. The top is in on the short term rise. Long term, we will be going to an ATH in the next few months-years. 1000 dollars will look like a joke when we get there.

Nobody knows this, but we all hope so. This might as well be a dead cat bounce. If it is, we will know it in few days when the price should drop in this case. If we this doesn't happen and we continue growing, then we might be up to something.

We'll see!

I seriously doubt it.... we've had several "big run-ups" since Nov 2013. This is probably another fluke until we get closer to block halving at least

i am hoping that the price drops for a bit before really taking off.

I think if the price really does take off, we'll see at least $5000.

but i doubt it will go straight there from here without going down a bit first.

Yeah the some old story as always would happen. People would get depressed, saying is going down to oblivion and that is was a waste of time and money.
And when it rises like now it's better to prepare, fasten your seatbelt and make sure wearing your moon boots.

Psyche is such a bizarre thing. :D

As soon as finex launches licensed version of Willy Bot, we will see the next ATH ;)

Yeah, I'm thinking the same thing. People historically have loved to sell at the $300 mark, and the last few times the prices ran up to 300+, we saw it drop right back down to levels before the incline. Hopefully the trend can continue past $300, and if it does hold strong at that level I expect that it could continue up for quite some time.

Doesn't matter if we see fresh lows.
Any new ATH would really cheer the long term holders

A new ATH might happen in the next 5 years. It depends on the adoption of bitcoin and the bitcoin infrastructure.

Price touching the lower 260 again.

I think the run-up has been canceled before the 300 level. Again

5 years is just way too long IMO, Bitcoin is now almost a decade old and still having a hard time breaking into the mainstream, what people don't get is that the longer Bitcoin drags in penny stock territory the more it becomes viewed as a fad. When you consider how fast companies like Google, FB or Twitter grew it makes Bitcoin look like a stunted child, you can only beat a dead horse so long.

Whales better try and move this thing soon or risk crypto fading into memory.

It's still not the easiest to use for the average person. The hacks and stolen funds also keep the people we need away.

There are reports of a Russian Ponzi scheme that's responsible for pumping the price by getting people in Asia to invest based on the promise of 20% returns. People are now reporting they cannot withdraw the money they deposited. If the Ponzi scammers dump it will crash the price heavily. The Chinese Litecoin Ponzi crashed the price heavily when the scammers dumped, and this Bitcoin Ponzi sounds similar.

https://bitcointalk.org/index.php?topic=1211947.0

Atleast the litcoin price ended up two times higher than before the scheme started.

If bitcoin manages to maintain half of its profits, it is already a nice result. Many people have started buying due to the price rise, probably more than that will be dumped.

That comparison is quite the stretch. Nobody had to risk anything financially or go through a learning process to use any of those sites. They just magically appeared one day to enhance your life and all for free.

I agree that the window for breaking through is finite. If it doesn't catch on then people will slowly fall away until there's only a tiny hard core left.

people as always get excited too quickly. once they see the price is going up they think it will break $300 or even $400 this month.

10% up/down in a week is nothing in bitcoin world.

Yes compared to the wild swings of the past you're right.But I myself don't need this kind of super crazy rollercoaster anymore.To get some serious money into game some stability is needed.And this year volatility is really "low".

People were eagerly waiting for this to happen after a long period of the price barely making moves. The price swings of 20-30% will only show up with bad news or a while before the halving. That's why I consider a 10% advance as a nice step forward.

We'll probably see more swings before the halving. To those who entered and bought a bunch at $200 are lucky for this run-up now (like me).


Agreed, compared to the wild swings in the past? This means nothing, and you're right, this isn't the same old rollercoaster kind of ride anymore as we seem to achieve stability even though there are some price swings of a several %.

I dont think so,nw it is diffrent time,the previous big pump came whan Chinise big companys like Alibababa started to accept btc,

.But there is many smaller bigger good news about btc,so i think will grow,better if  grow slow,fast pump only create massive dump,there is very good like it is now

In the Bitcoin world, it is no big deal.
However, if you are a real world shopkeeper, you would be afraid of pricing your goods in Bitcoin (unless you have a payment processor like Bitpay).
We are still under the hold of speculators.

such a % of tollerance, could be a problem when bitcoin reach 10k for example

you could be rich just by doing few minutes of day trading, because at +-10% veriance there is a gain of 1k every time, pretty crazy

That's true right now. If you spend $10000 on BTC right now, and the price goes up 10%, you make $1000. The only difference is the amount of BTC you hold in between investing your $10000 and selling your BTC - in the "right" now example you temporarily hold 10 BTC and in the "BTC worth $10k" example you only hold 1 BTC.

So you don´t trust in satoshi.  ;D

I like the idea, to work just a few minutes a day and earn $ 30K a month :D

When the bitcoin price reaches $10k, the price fluctuation will be smaller as it can accommodate much bigger whales.

Another rise today after a fall yesterday. So we have recovered in a sense and broken $270 again. This starts looking more and more like a real run. And not some pump and dump. Looks like this thing is going up slowly. Already 10 days like this. I hope this continues and it seems it will at the moment.

I have a hunch that this is a false dawn. We have been in a bear market for so long and everyone has been waiting and hoping for riches that we are seeing what we want to see.

I think we are still months away from a real rally.

We've had a few false signals before though, now that China has given the seal of approval on Bitcoin combined with the halving next summer and the Bitlicense taking effect I think now is the time to start going up.

have they?

Don't think so. There is no official announcement of the adoption of bitcoin by Chinese banks and previous ban on the banks is lifted.

http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish (http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish)

Yes. Two big events in two different events must have significant impact on bitcoin prices which may be the reasons for next big price rally. People around the world are already started holding bitcoin on expectation of halving boom. Satoshi must have implemented halving for every year to make price surges often.

Too many people are expecting the halving to take the Bitcoin price to much higher levels. You know what happens when too much people are waiting for the same thing, right? Mostly vice versa will happen. That's why I don't expect anything big from the halving as far as the Bitcoin price goes.

Satoshi should implement a smaller drop like 0.l% for every week or use the mining output schedule like Monero, which reduce the output every block.

we need a consolidation since price shot up too quickly.

+10/15% is too quickly? i don't think so, the reason is because there is no true force that is sustaining this new ru-up, probably a small class of investors, try to instigate a panic buy

Yes only consolidating prices will push further price rally. I believe it's too early to believe on this wave to be recognized as next big price run up. We need to see a strong sustaining prices to mark it as the long term price rally towards old high like $1000 to $1200.

the 1200$ peak was because of WILLY BOT ffs! unless the winklevii have some crooked bot cooked up and set to run on their exchange we aint going to see a run up like that again for a while. nobody actually uses bitcoin for anything besides speculation (and mining which is a type of speculation)

what about the people that use it to pay for things? have you forgotten about that already? speculation is part of bitcoin whether you like it or not.

There's bots now, there was bots then, and there will always be trading bots. It's known. There will be bots pushing up the price, there will be bots pushing it down. Money is made by traders both ways.

This could be it the one we have been waiting for, I have observed how the price been rising up these days.

I think it is by Dec. the price will probably reach up to $5000.

The prices will rise in some time maybe it would reach up to $5000 before this year ends.

The price been rising recently and I think before this year ends the price would be $20000

I think the coin's price before this year ends will be $5000.

I think the coin's price before this year ends will be $50000.
https://i.imgur.com/5wzUdWe.png

Sold your account?

It seems to be a pausing period here
If it runs up any higher it will be sooner than later.

NO way the price will be over $1000 let alone $50000. $50k might be in 20 years.

Well we keep rising! We are on the verge of breaking $280. What happened to all those people that claimed last few days that we will be dropping hard to $250 again?

This smells more and more as a begging of the next run!

The next run-up wil be after the block size fix, during that time we will see a drop to ~$200-$250.

Dont buy now, just wait 2-3 months.

Well it is hard to say really, but I have a good feeling about this. It feels like 2012, really, for how many times I posted this thought. I just hope that this marks another bull market.

The price rise has just started. Hold your coin tight. If you need money, it is better not to sell the bitcoin in exchanges, but use it.

Somehow I feel this is not just ordinary pump and dump. We might go over $1k again. Also, this time BTC s spread over way more people so a couple of guys cannon dump and affect the market.

Subordinate chains (sidechains in this instance) have fixed the scaling problems and improved a lot of other weaknesses in the process.  Simplistic blocksize increases would have ensured subversion and eventual destruction of Bitcoin so the development and acceptance of sidechain, at least as a proof-of-concept, has renewed a dormant sense of confidence in Bitcoin in my mind.  By the looks of the charts I'm not alone.

If we follow the patterns of earlier years, I would anticipate a rather long period of time when the price increases slowly (in Bitcoin terms) followed by a spike.  The long steady increase ensures that people who are trying to jump in and out are separated from their BTC.  If this was an accident of a design I've never known with any certainty.

Yes. This time there is no quick pump. Whales are accumulating slowly without disturbing the price too much. So this time the price rise could be huge. Easily over $1k.

where did you get those figures?

on stamp it was 260$ in april 2013 and 1136$ was hit at the very end of november.


indeed, i did not see the last one coming. this is not "the next big one" right now. it will start in late spring 2016 and will reach 4-5 k $

easily over $10k

Are you retarded?

Mildly concussed. $10,000 is nappy and full time carer territory.

I have owned some of by bitcoin for nearly 3 years now.
$10,000 is a conservative estimate for the next potential bubble peak.  $100,000 is a distinct possibility  There is alot of money in the world today (many trillions of dollars), and it doesn't take more than a tipping point of a snowflake causing an avalanche for confidence in fiat currency to evaporate and pile into gold and bitcoin, quicker than a blink of an eye.

I was referring more to the by December thing. I think $10,000 requires some answers to present issues that haven't been satisfactorily addressed such as scalability but then again humans aren't the most patient or rational creatures.

Scaling will happen when the demand is there IMO. The Chinese farms may play hardball now but if they see their whole operations at risk of tanking overnight because the number of transactions are rising rapidly, they will concede rather than losing it all.

It is sort of like how telecoms had to be dragged kicking and screaming to upgrade their fiber optic cables with the rise of broadband, it's either evolve or die.

The catalyst for next rise could be reaching the consensus of block chain size. The argument was the cause of last drop.