Bitcoin Forum

Lots of very positive news going on..

not yet, but yes alot of positive things are going on :)
 i'm in the middle of a sale of a building as an itermediate and i'm able to earn minimum 23.000 euro with that, hopefully price will not go up too quick ^^

There are always cycles of good and bad news. In a few weeks people will be wondering if Bitcoin is going to collapse any moment now due to <insert FUD here>.

No were not, it will still go down to that road once again its the cycle of trading.

Yeah, I agree with the above. Elwar knows what he's talking about & is generally a good person to listen to, he's been around this game a long time so knows more than most.

I think long term bitcoin will be massive but short term we can't dispel anything. I've thought many times we won't go back to {insert a price lower than the current one} & been proven wrong so I'm not going to say we won't go back to 220-240. Let's just enjoy the ride, we're aiming for way higher prices than 270-280 long term so relax.

Though after the price was hovering around $125 for a whole summer and suddenly went up to $180 my buddy asked me if he should buy. I told him the price would likely go back down to $125.

As the price proceeded to rise to $1200 over the next month  :P

He did not let me live that one down.

I don't think bitcoin price will be leaving that price range but I do tgink that those news are a good sign that bitcoin price will head upwards. Anyway as bitcoin is continuously  being regulated us users, there will be a lot more things to happen. If we want to leave that price and get to a higher price anytime soon, us bitcoiners should do our part to point the price to the right direction. ;D

yes thos nasty fud people...
maybe we should not only teach newcomers about how to see the difference between scam and legit sites, but also the difference between serious evaluation, critisisme and fud.

that could help bitcoin and the people involved, alot

I think yes we have left this price,
It is really going $260 and up and i dont think this year the price will go back to 220
Maybe this month the price can reach $300 but also in the first weeks in November.

At least I hope so.We had been around and shortly over $300 two times this year but were fallen back to the bottom.So $220-240 is what I see/sa as the bottom and now I hope the 3rd attempt to leave this area will be successful.

i would wait until we can have a new high before saying that, the last high never touched 320 if i rememer correctly, so until then and until the price remain there for a long time i would not hold my hope too much on this

Maybe, maybe not. Doesn't matter really. Next year is when the fun begins. Take 1 part block size resolution, 1 part sidechains/lightning, 1 part halving, 1 part ETF, and mix thoroughly to get super bubble numero dos.

Well about a week or 10 days ago when this move has started, I have said that we need to wait about 10 days to see is this just a dead cat bounce or we will keep these numbers. Not just that we kept $260 range but we even broke through $280 today.

It seems to me that this is not a pump and dump. There is something else that's fueling this growth. So I would say that $230 levels are gone for good.

Of course unless something huge and negative doesn't happen. That we can never know, but I don't think there is a huge possibility of something like this happening.

I think so maybe not yet as we are not so far from this price floor but that is good moving as we are going higher and higher again but most important we must need more stable price floor this time to go to next level to touch $400 by the end of this year.

I think we left them for good now ;)
The lowest possible price at situation like this is maybe 260 ::)
The price has been rising these past weeks and it's a good sign for Bitcoin ;D
Maybe this has to do with Christmas coming in a few months ::)

I still think it's possible to see the price take a few steps back, but more in the range of $230-$240 as ultimate low, unless a whale wants to dump a huge load of coins to cause panic.

240 would be a rock solid floor if in case a crash happens. Tests like this could be done to see how would the market react. I have a feeling that once the top is in, a decrease towards 240 will happen before another run, this time it will continue to last until the halving.

There is no such thing as 'for good' in the Bitcoin world. But with the good news in Europe making Bitcoin a currency and the halving next summer, the midterm trend should be up. Short term, either we will see a rally or as is usual, we will see a steady price increase, some major selling on Sunday, and more steady buying in on Monday/next week. In any case, we will all be back checking bitcoinity more often and check into the speculation forum as if this was 2011 or 2013.

Doubt it. It's a well worn pattern by now and really not that far away from the present price. It would be crashingly dull if it happened but it shouldn't be surprising to anyone.

not yet. as long as we don't see the support is building up at the $300 level, i can't say for sure we won't fall back to the $220 level once again.

yes for the moment and i hope so
but we never know what happened to the bitcoin price in the future it could be back to $220 or less

i totally agree . the eu helped but it will need more recognizing by others

in what way did the eu help? the price advance is purely due to people buying coins to hold at least untill the block halving.

surprised we are 50/50 on vote

voted yes

240 is still not really "a thing of the past", so i wouldn't be surprised if we test bottom support at those levels again, but doubt there would be many
sellers, now that we are reaching 300 and over, many so far idle lurkers are stepping back into the game and investing speculatively.
Voted no, because like i said, the chances of retracement are slim at best.

Update the thread to $300 now, it is very near only few dollars left.
Bitstamp showed $298, but who knows it can be dumped again the price to $250
I think that now the price is pumped and soon will be back to the normal price.

no...

220-240 has been a solid range for over a year.  I really see us going back.  The halving is to far off.

The answer is a definite YES. Say goodbye to 220-240. We just hit 330-350 (on huobi) and even if we fall again, nowhere near to 220 are to be expected.

Yes, again seeing $220 levels are not possible for bitcoin prices with respect to current market scenario. All the above the halving itself will end the price range of #220 levels. But luckily we get though that levels well in advance itself.

I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!

Yes, this is my main concern as well. China tends to reverse big time and this growth is a bit faster then I expected. Also it came sooner, much sooner then I expected.

Yes China is having a big hand with the recent price rally. I guess it would be good thing for bitcoin community for long term purposes when we considering the halving in few months going to happen. Like me many people has missed the buying price of $220 levels for more bitcoins.

I'm thinking that the bear market for almost two years is over and most bug bulls have finally come up with a decent stash. Right now is the time they'll push this through the roof. I feel sorry for the weak hands who left the scene at $500 levels that never bought back in cheaper prices if they found out that we are in a big push right now.

We'll need to see what the new bottom will become, but I do beleive it will not be 220-240 range.

260-280 is my expectation for new bottom after a correction with teasing around 300 range before a full on bull run commences (unless we got lucky, and it is allready running mad).