Bitcoin Forum

Currently at $289. What do you guys think? Will we be able to break $300 before the day ends or be back at lower levels? Will it be sustainable this time?

Thoughts are welcome.

We've had a great last two weeks. Price has been on a steady increase. Around the mid 290's ATM. Hope to break 300 soon.

Nah, $11 in price increase in just one day is impossible
I think the best we have for today is $290
OR im not lucky it could get back down back to $285 ::)
Edit: Nevermind, i saw preev and the current price is $296
we can do it if no one pump and dump this price ;)

You must be new around here.

Just hope that this price would last. Never been into such an increase for long. $297 $293 now.

EDIT: Preev is returning false prices, or is it just me? ???

I think yes.  ;D We're not so far from $300  ::) Hope someone will pump up the price   ;D

Be careful what you wish for, no one likes staying at the top for only minutes. I prefer a turtle-paced climb than a fast one in terms of price rises. Assuming that Chinese are pretty much awake now, they could continue the move upward.

According to preev.com it says 291.5$ , however we shouldn't be happy about this because this price pump is without any apparent reason (at least not for me) so we will probably crash after those manipulators sells their coins ... we should expect the worst this time .

Halving, VAT, and Gemini, yea no reason...  ;)

The reason is the market sentiment has changed. That's always the reason and the only one of importance.

Halving won't happen till the next year on july so I'm not sure about the fact that people buying BTC now , for what comes to Gemini the volume looks pretty dead to me if we compare it to the other exchanges here : https://tradeblock.com/markets/gmni/xbt-usd/1h/

Nah I don't think that traders will just let it slip out of their hands. We will probably test 300, and if it feels like we can't handle it yet, we can go back to lower levels anytume, but not a crash I think.

That would be too much and not sustainable I believe.
Maybe if the actual rise of the last 4 weeks continues we could finally break the 300 in the next week and keep going. Two times before this year we failed and fall back into the 230s.That was disappointing.
I wanna break the 300 completely and not just temporarily.So give it a bit more time if it is needed.

mmh, halving i not here yet, too far away, gemini probably, vat not for sure, because the pump started before it

i hope it's not the same lone wolf that like to ride on good news, to sucks newbie investors money

It seems like this is the case so far, just like what happened months back--price topped at 300 and stumbled down to sub 200. I could be wrong though, but I'm certainly not getting my hopes up.

you guys are optimists i mean today day 25 oct 2015 it can reach 300$ i would point to day 30 more reeanable and it will go rise cuase the europe aceptancy news its like a brand new market for btc and legal and still a bit anon in my point its gov should take a control on this and becomea governamental world coin after it reaches the 500$ into legal europe japan and usa (forget) russia and china and africa a bit

I dont think today i'd guess 48-72 hours, we've had todays push if it goes up more now wow that would be really bullish.

I think it's going to happen. We have seen insane gains on Sundays before. Pump-and-dumpers will pump it over 300$ and then it corrects itself.

We will touch it and break through it, but then probably come back to about these levels of $292. $300 mark is a huge psychological level. Just remember in February - March when we were on a downtrend, how long we were breaking through it. More than 3 weeks we were flirting with this $300 before smashing through it.

It will be interesting to see how we will handle it this time!

No, not before the end of this day, maybe before the end of this month, although I still wouldn't like to see that. We need to be careful and see whether this price increase is actually sustainable or if it's going to lead to another bubble like when BTC went over $1000.

it's going to lead to another bubble like when BTC went over $1000

I think we can reach it, but expect a big crash after it. At $291 currently, $9 in one day shouldn't be that big deal seeing the recent price manipulation.
Halving: Still far to go
VAT: Doesn't make much of a difference Gemini: Has a lot of publicity, unless its a pump by the twins, it has no direct (positive) effect on bitcoin

Even if it does, that's not an optimal outcome that I'd like to see. I would much rather see a slow increase to $500 over the next year than a burst straight up to $1000 which will soon collapse back down. What would it collapse back down to? You can't really predict that.

Yes I can, it won't collapse low enough to make you lose money if you buy in right now. the range for the next bubble drama will be in between 1k and 17k. Or to put it another way --- the next order of magnitude.

Huobi went over $300 but I don't consider that as an achievement. I am waiting for Bitstamp and Bitfinex to break through the $300 level.

I think it could reach $ 400 until the end of the year. see now the position is in the $ 290 bitcoin.

I sincerely doubt the next bubble will be an order of magnitude higher. I don't think there's enough buying force or even a possibility for enough hype to be created for Bitcoin to reach 10k any time soon. It's just so, so unlikely that I doubt it. Yeah, if we do have a bubble we probably won't crash below $300, but...

it's probably nah
but i wish tomorrow would reach to $300 and the most important is the price would be stable at that price

It's possible in late day trading as the start of the day was at $280
Whether it can push up another 10 dollars in 24 hours is the question.
Otherwise it should test that area by the end of the month with this momentum.

buying force? What about the buying force of the whole world? Your error lies in the fact that you assume that the world remains the same. There will be a lot of new buying force as depression kicks into other asset classes.

$294 on preev. It looks like it will break 300$ on preev today. But main thing here is stability we dont want $350 and back to $ 270. I hope it remains stable.

I don't think that we are on the brink of a world depression, to be fair. People said similar things when Bitcoin shot up to over $1000 per BTC, and that didn't last, did it?

My thoughts exactly!

you have swarms of immigrants flooding the EU countries and you are calling everything normal? 0% interest rates have become the norm. still nothing? just because some people got it wrong last year does not invalidate their fears. for such large scale events you must give a much wider acceptable time frame.

I guess we will hit 300 briefly, correct to 270 and than start rising to 300+ again.

Timepath is difficult to determine, but momentum is gaining!

Didn't call anything normal bud, but I don't think the refugee crisis will last more than a year or two longer.


Yeah, we had this thing called a world recession about 7 years ago. Recessions have happened before, but we're still around and kicking.

At which point what? Unless we kick them out the crisis is ongoing, not over. Simply stopping immigration is not nearly enough. And how will the political sentiment change enough to do that? It won't. A violent europe-wide civil uprising is far more likely than the politicians willingly deporting the unwashed masses.

No fiat based money has ever survived. The entire world economy runs on fiat. A collapse of unprecedented proportions is inevitable, just a matter of when.

I think this is more the fault of the US and rich Arab states, which are causing a lot of this but doing jackshit. If they step up the "crisis" won't be nearly as bad.


In a world like we are currently in there is no real valid source to back that claim up now, due to the massive globalisation of the world.

Also, that claim is esque to saying I have never died, therefore I will never die. No fiat based money has ever survived -> how do you know it won't survive until it is dead? You can never predict if fiat-based money will survive.

yes we are able to touch $300 before the end of this month, the remaining 6 days and the movement so far is good enough 1 day +2.57%

Nah. (I expected a poll.)

Haven't thought of that earlier. When we hit $293 earlier, I was eager to ask if we can reach 300 this day that's why I forgot to make it a poll. :v

It's too early for 300,obviously..

This answers nothing.

The definition of insanity is to do the same thing over and over and expecting different results.

$300 on huobi!!

292.4$ @ preev for the moment.
But i don't think we will see 300$ today but maybe after 36-72 hours.

just got to 293$ again which is also today's ATH

We ll get close but I expect $300 tomorrow on Bitstamp.

What do you think, r we going to have another pump like the last one?

China, as before, has been leading the charge. At Huobi, it's over 300, it will hit CNY 2000 before today's end. We will smash through U$300 and leave it behind. On to $350. It's choo-choo time.

This rise is nothing--I remember when price was going up $100 PER DAY in late 2013.

300 very soon, it's 294 already new ATH for today

Don't worry folks, Today is sunday and not many people are trading at this day
But, tomorrow we shall charge the exchanger and crush the $300 walls ;)
Considering that the BTC prices has been rising a lot this past weeks, i will not be surprised if we hit $300 tomorrow ;)

No universe has ever survived to not be blown apart by a large mythical alien with 60 heads made of spaghetti.

That claim is equally as true as yours, because there is no way of proving it is true or not true until the universe ends.

Saying the truth it is very near to reach today $300
It needs only a few dollars now to pump and the target is reached.
The interesting fact is that the graph shows mostly green :)

you bring analogies to your opponent's claims, falsely thinking that they are true analogies, while they're not. if anything, they could be analogies according to your personal description of the world (which we all know is subjective).

we have been collectively wrong so many times before. what gives you the justification to say that this time it is different?

that this time there will be no great depression and everything will somehow find a good solution. the feds just keep on the printing presses, quantitative easing, 0% interest rates and we all live happily ever after. you are being naive.

Wouldn't be the first time a country went bankrupt. I just don't think that the world would go to war and anarchy over something like this, it just seems so unlikely. There would be a recession, maybe a depression, but the world would recover. Do not be naive and join the bandwagon of crypto-anarchists or anarcho-capitalists.

I'm speaking of something like 2008. The world will recover but it will be a different world. In the meantime it sends bitcoin to the Canis Majoris.

I think you overestimate what would happen if something like the recession of 2008 happened again, ignoring the fact everyone will be skint. ;)

Yeah, inflation gets higher, but the inflation wouldn't be high enough to warrant a ridiculously high increase in the value of BTC. Yeah, there'd still be a nice increase, but don't go over-the-top.

I think you underestimate it by not including the factor of the unknown in the equation. every repetition of the history will always be somehow unqiue. perhaps "against all odds" type of unique.

So by that definition you must also agree that there is an approximately equal chance that you are wrong and I am correct, due to this "factor of the unknown".

According to Coinmarketcap datas, the volume is coming mostly from Bitfinex and Bitstamp exchanges. It makes sense to me because of VAT exemption in Europe and Because of Bitcoin unofficial authorization in China

These news are huge for BTC
http://cointelegraph.com/news/115435/china-unofficially-authorizes-bitcoin-price-turns-bullish
http://www.newsbtc.com/2015/10/25/no-vat-bitcoin-exchanges-exempted-from-value-added-tax-in-eu/

It's a damn shame that you are not as intelligent as your avatar. Done from my end.

/me sighs

I'll repeat. "No fiat money has ever survived" isn't a valid claim to make. There are fiat currencies that have survived for hundreds of years, and this statement is not valid unless all of them collapse, which you can not predict with a 100% certainty will happen.

'No crypto has ever survived' is a statement structurally identical to 'no fiat has ever survived.'
'No [blockchain] crypto has ever survived more than 7 years.' Most fiat currencies have :)

Yes, but many Fiat currencies have failed and Bitcoin, the first and only real cryptocurrency ever is still living. So cryptocurrencies are here in a great advantage compared to the Fiat!

Well, in all fairness, many other cryptocurrencies have failed...it's just that we don't like to talk about them as they were generally just creations of greed, invented to make a quick buck. ;)

Mind you, I'm not bashing Bitcoin here. I'm just trying to be the voice of reason, as I hate to see arguments like this which use flawed logic and fallacies.

well played, sir. :D

When the Chinese wake up it might go over 300, but that will be early tomorrow as defined by bitcointalk time. Maybe it will happen sooner because the volume has gone down significantly for the last few hours, and when it picks up it could smash a few walls. We had lots of pushes upwards since early today, and one more push should do it.

i actually got so excited when i checked the price today, last time i checked was like 5days ago when it was around 260 and today its hovering around 295-300.  :)

I can't do that.I have to check the price at least once a day.
This must have gave you a big smile in your face this morning right?! :)

HELL YAH! I havent been able to keep up with the bitcoin news this past month cuz of all these assignments and essays to write. it feels like a victory right now, i dont even care if the price dips down again a bit. it just satisfies me to know that bitcoin going strong  :D

there is always the profit taking that will happen as now
the short termers, and the pumpers and dumpers
tbh, percentage rises and falls for btc are relatively small unless dealing with large holders and those sort of amounts are too big for the average person to affect, so you just have to sit back and hodl!

'when' btc rockets, as always in the past it will be fast and furious

this isn't fast and furious, just looks pretty sharp as bene in doldrums for sooo long

this rise is LONG overdue, been lots of very positive news

There's a legit possiblity that there will be a retrace before 300$ is breached, since everyone considers it to be a psychological borderprice, so
a lot of volume can be dumped exactly where we are now; just a bit below 300.
But that doesn't mean the price wont push further later on, i'm just not entirely sure it will happen these days.