Bitcoin Forum

http://www.bloomberg.com/news/articles/2015-11-02/bitcoin-is-suddenly-surging-again

Great stuff. They can't say anything but admitting they were wrong when they said it was going directly to 0 and would never recover. All those mainstream media guys are going to go gradually more pro-Bitcoin over the next months to not look really stupid, just wait and see, we'll have soon a lot of discussion on Bitcoin even on the worst mainstream device of all times (TV).

Of course the media will jump onto this like a pack of hounds. They will do that for everything lately.

Question is; will it be good or bad for bitcoin adoption? Will it cause another collapse later on if it skyrockets because of news and media bringing in new investors and said investors deciding a 2000% profit is enough on their risky investment in this technology they don't understand, and selling when others start to get an avalance going of the price.

Time will tell I guess, but I'm sure it's going to be a hell of a ride for many here.

Most Bitcoin users don't even know about the reward halving. And now it's all over the news. It all works good for the short-term price rise.
We'll see how it develops though. Me? I'm all buckled up.

The article was really good in my opinion and as stated there, China is not the only reason of the rise after all and they predicted over $400 but I think with the rate of the value growth BTCitcoin has recently, it could go beyond $450 if it could continue as it is for a month or two... there's also bunch of good Youtube videos lately as well that also talk about the rise of BTCitcoin

Yeah, I find it funny that they aren't mentioning the halving which is coming pretty soon and may drive the price to the actual moon. I don't think they even understand the concept of limited controlled supply. Btw you can check the video on OP in Youtube:

https://www.youtube.com/watch?v=o3hS41rp2GU

big prices changes are always good for bitcoin - free press.

Mainstream news use the word BITCOIN this time, when talking about the price. Otherwise they use the word BLOCKHAIN  :D

Free press is good. Be it positive or negative, it's good. It means Bitcoin is making it way through to more common(?) people.

funny, you will see from now that everyone will begin to talk good about bitcoin, when the price was shit, everyone was throwing even more shit

it's all about the sentiment really

Exactly, news are like a virus. Some times they help you get rid of other diseases, but most of the time they spread just like them.

Lets just enjoy the free advertising!

It will probably draw in a lot of new users that start to feel that they might miss out on some huge potential profits.

Great exposure=more adopters which will make price raise more and make Bitcoin more stable :D

This is the price ($400+) around when I heard about bitcoin in the TV news 2 years ago. I guess everyone is excited now. However, I still don't understand the push behind the price. Real mainstream adoption? Pump and dump? or just Willy bot 2.0?

I think it's good that msm is talking about the price rise and not some negative thing about Bitcoin.

I have a feeling that they are about to have even more to talk about. $419 on Bitfinex !! For God's sake, this is not stopping but it's even speeding up!

Almost a $100 rise in 24 hours! This is insane!

I already saw couple of news on Bitcoin rising on the worst mainstream device of all times.  :)

And yes, this is a great stuff, it will help Bitcoin to rise for sure. But I think if it goes over $500 it will be a buble again. $500 is a fair price for 1 BTC for now.

Too quick... I was hoping mainstream media wouldn't start talking about it until we rised a lot higher.... as soon as they start talking about it that's a sign that the price is going to crash again

good that i bought everything i could at 180 USD 6 months ago.... ::)

Bah! On Bitstamp maybe?
If yes, those were probably my bitcoins :D

That is why I always tell that the major feature of bitcoin is its price. General public don't care about technical specifications, hashing power, algorithms behind the magic.
All that matter is high price. With high price bitcoin will be famous.

The price is really going up.

Got a shock when I was reading a thread on the a other forum talking about the price above 400$.

Now its 416$.

Its crazzzyyyy

Go to sleep and then look at the price 7 hours later ::)
You might get stoked with the price :D
Bitcoin price is currently climbing to the moon
No surprises if the price goes up fast :)

$416 now
$425 tomorrow ::)

Was expecting more of a steady rise this time.  All seems a bit too sudden, which makes me question if it's just a temporary thing.  The last big pump was around November too, is that just a coincidence?

It also means somebody sold the coins to you at $180.

Just hold and use the bitcoin, with more adoption, the price will be even higher.

The media exposure is good for bitcion. There is not much bad news about bitcoin recently.

$6 billion already the market of Bitcoin. Last 2 billions went in the last 3 days.

It is really insane.

I hope is not manipulated by a huge fund again.

Yup, the news coverage is awesome, but here's the fun fact - as soon as the price stops increasing there will be ten times more  "bitcoin is loosing power to rise further"
and later on after that "bitcoin is crashing/dying again".
It will serve nicely to us while the news are positive like now, but it will add much more to panic and FUD when the price corrects or simply stops having support.

It is insane!  That's why I took some of my BTC today and bought gold.

I'll stick around with the rest of my BTC, however, and enjoy the insanity!  I agree that the more publicity re BTC, the better.




(Maybe buy a bit BTC more with some FIAT$ today...  Au > BTC > CA$H)

And everyone is going to buy or reject it because it's high now?

It's always exciting when this happens, media just follows the news, last time we saw bitcoin everywhere, I guess if this doesn't stop for a few months we will see the same again.

Yeah of course. The media people don't really care about whether Bitcoin is good or bad, they just want to look smart in front of their viewers.

And yes. This will definitely help the price rise if Bitcoin for a short period of time, the price is not going to skyrocket because of this, but it will make a small difference.

i think this is not just coincidence
maybe the preparation for the next halving already started

Of course they will be talking about it. People who bought bitcoins just in early october have almost doubled their money. That is a lot of profit in comparison to other securities these days.

It may be another year where Bitcoin was the most profitable investment
Kind of funny though it has both of those notorious titles BEST and WORST investments of the year.

http://www.forbes.com/sites/kashmirhill/2013/12/26/how-you-should-have-spent-100-in-2013-hint-bitcoin/
http://www.theverge.com/2014/12/15/7394835/bitcoin-was-the-worst-investment-of-2014-and-thats-good-for-bitcoin

It all depends on the time of investment. Sure, it lost a lot from the ath, but even the bottom was not much lower than the previous ath. Over the past 6 years it must be been more of a good performing asset than a bad one.

Ofcourse if you bought after the 2013 hype, you got burned badly in 2014.

Timing is of course important but what is even more important is well persistence, those that got burned badly in 2014 may still be down if they really bought at the peak but by holding instead of cashing out they may still enter the green now if they pace keeps up or they dollar cost averaged it.
Sort of a couch potato approach to it. 

Yes, this is great that they have started reporting this early since they will just add more of the purchasing power to this rally. This is a difference compared to a rally of 2013. In 2013, they didn't even know what a hell is Bitcoin and they have started reporting massively only when we crossed $1,000 mark.

And we all know how they reported about us, mostly negative stuff.

If only i had more fiat......

If you (not necessary you) have more fiat and buy the bitcoin, but if you cannot hold long enough, just sell it at $1000, the profit you make will be the smaller than the other guy having half of your fiat, but sell at $10000.

Just hold on and be patient. You will be rewarded.

steady increase is unrealistic, wehn you see a steady increase you alòready now there will be no bubble, but only one guy manipulating the market

this is actually more in line with bitcoin

If the price trend continues, bitcoin will be the most profitable investment of the year. It is much than Western Stock exchanges index.

The highest it went up on bitstamp was 420. I feel like somewhere some guy is going "lol look i'm gonna pump it to 420 for lulz and then dump it 10 minutes later" xD  and then they proceed on doing just that and hit a fat blunt after and be like "yeah bro u did it", "yeah i know eheheh".

Nope it's back below 400. You guys really need to contain yourself. There's no easy path to unimaginable wealth.

See again , man, is $426 and goes up and up.

Cannot be explained.

Haha, agreed, most of people just like this  ;D

Earlier in another thread (I forget where), someone pointed out that the price would really start rockin' when China starts THEIR trading day.

Ah, $440 I just saw.  ounce.me (http://ounce.me)  Two huge days (something like up 35%).

this is especially good news. more coverage from main stream media just means more investors. more investors means higher price....great if you're speculating

The more it is talked about,the more it means bitcoins will be going places.So this is a really good indicator atnd I predict that media will continue covering the bitcoin world as we're watching the price.

Wasn't the previous collapse driven a lot by the Mt. Gox troubles? I think it was. Which means that this may be a more honest progression. What we don't want  is a "too the moon" chart, that'll just generate more hype and predicate a crash. A rocky rise is perfect.

Hodl or spend...never sell!

If the previous collapse was driven by the collapse of Mt.Gox, then with many regulated bitcoin exchanges, the price should start rising as the trade in the exchanges is much safer now.

Well I already doubled my investment, so from here on, it is pure profit.  ;D The media will help to hype it even more, even if they report negatively. Bad press is better than no press, just as long as we stay in the limelight for now. I am just loving this and making money as we speak.

Believe long enough and it will happen.  ::)

Note that Bloomberg and most other papers are experts at regular economics, Bitcoin is different. They don't know much about Bitcoin.

They are way too conservative about Bitcoin. Hell, two years ago they all said it wold crash to 0!

There is nothing like a whack in the price to make them wake up
At the very least I'm glad they conceded the utility of blockchain technology albeit at first grudgingly before embracing it as if it was their own ideas once all the 2.0 cryptos started showing how it could be done in various configurations.

Bloomberg do talk about bitcoin a lot though, i think we need new ATHs before all the mainstream start talking.   I shall wait for BBC & ITV in my country to mention it on the main news then i will know its media phaise.

Absolutely no one knows for sure why Bitcoin goes up or down. :D
 It happens, and then we get all the hype and drive it more up or down.

This is a really interesting site: http://fiatleak.com/ shows who and where is buying btc at this exact time through exchanges.

But you have to keep in mind that it won't show sell orders.

Yeah Patience Pays.
Same here I am also recovered my investments and now what I am earning is a pure profit and look at the prices of bitcoins in last month, it is climbing higher and higher and that is the best thing about the bitcoins I am loving it at the moment and as they say bad news travels faster then good news, so whatever it may be we are enjoying the success.

Bitcoins simplicity and ease is not hidden from anybody. Bitcoins have now started gaining fame in many parts of the world, it's been in mainstream news lately because of their features and functions. Now, this may be one of the reason that many famous sites like even reddit.com are accepting bitcoins as payment method. Bitcoins are still unreachable in some parts of the world. But, it will soon reach there in coming time. And soon, bitcoins in news won't be surprising.

It's not surprising that Bitcoin is in the news. What's surprising is that there isn't more of it.
On the other hand, my thinking still is as Bitcoin is something elitist (for a lack of better term), and not enough people know what Bitcoin is at all.

Probably they think we will see another 1000 sometime soon and they will have something good to cover. But the news itself will probably get a lot of people into bitcoin.

well it's because of demand being stronger than sellers pressure, it's not magic or anything

last time the demand was not strong enough and we keep repeating the same cycle with the same value

now that demand has broke the supply, we are increasing nicely

That is right. We need more media exposure, especially the good news. Too few people hear about bitcoin. The more people know about bitcoin, the better

I can see worldwide news when we hit 1K again, because these mainstream media guys just want some flashy headlines. Meanwhile they will keep ignoring the amazing technology Bitcoin is and will not properly explain it because they are scared as hell that more and more people keep using it. They want to keep Bitcoin's image as something odd. But slowly it will get better.

First time heard about bitcoin was in late 2013- start of 2014 when the price reached 1k$ and this thanks to tv channels which made many reports about it, well didn't joined the wave at that time but i started using bitcoin few months later.
I think many people followed the same path.

Nice free ads for bitcoin and another wave of users will join the party soon  :)

This pattern is correct. There is nothing more convincing and tempting for people than bitcoin high price. I expect that we will be a lot of new users here on bitcointalk soon.
I have no idea how many new account are being registered everyday, but during these price spikes it must be really high number.

I heard bitcoin from an article about bitcoin mining with AMD graphics cards. Then I studied more about bitcoin.