Bitcoin Forum

Trying to put a finger on the nice increase recently...
Some possibilities:
Segwit going live
Open Bizzaar up and running
Steam BTC acceptance

Other thoughts?

Steam acceptance is going to happen soon, also the ETH price is going down so the traders are moving back to bitcoin, the same with the LISK.

1) Segwit is not live.
2) Stop making threads in the wrong section.

I was not even aware of this. After doing some research, it also seems like Steam does not currently accept Bitcoin. They stated that they will do so in the future.

I think it can mostly be correlated with Ethereum's bubble appearing no longer sustainable. The big whales have left ETH markets and it's price is going down contrary to bitcoin which keeps receiving more attention as of recently.

My guess is that this price increase has more to do with the block halving as in people buying themselves some coins before it's too late. Other than that I can't think of something else.

I get the whole use the "speculation thread"... didn't think the forum would be that anal about a misplaced thread.
Segwit going live soon is a legit reason for buying coins... as is steam users gearing up.
For sure the halving is playing a role... if you don't mind contributing in this rogue thread what are your thoughts on the reasons for the increase?

Either you are talking about a very dumb group or people or I just don't understand the point behind this. Code submitted for merge != Segwit going live. We always knew that Segwit was coming, there was Segnet. Nothing special. It will most likely be activated sometime after the halving. There are still things to do.

That section exists for a reason; to keep pointless threads such as this one away from this section. It will be moved shortly.

I'm sure in the next 80 days the price will start to change a lot more than we have seen in the past 325 days.

I think this halving might have some impact on the price

See today's markets there was a good rise then the tail off..

http://prntscr.com/av8lju

Even if shapeshift has started to sell it on their site that will not save it, so the whales are right on this. They stuck with it even after their loss to hack attack.

This is what most of the normal bitcoiners (none whales or bears) like us are hoping for.
Now is the time to buy even if you don't have enough to spend on it.

I am hoping the rise is only starting and will continue for another few days to weeks...

Such a pleasant place to post

To be fair, he's not wrong. A lot of people on this forum care about putting stuff where it should, and we shouldn't put threads in places they aren't supposed to be. This is a place for (hopefully) logical discussion about Bitcoin.

As for segwit, I'm still not sure if I want to agree or disagree with it. But that shouldn't be in this section, as this is speculation.

Has good news or any news ever had much effect on price? Bad news certainly gets the job done on occasion.

Don't forget the Twinklevoss twin's ETF, coming sooooooon, real soooooooon.

 8)

Maybe lots of people are getting their tax refunds now and have nothing else better to do with it other than buying bitcoin.


Halving is coming.

More buyers than sellers.  Thank you, Jesse Livermore.

And as I write this,  we're at 445ish which really isn't all that much of a gain in the world of bitcoin.  Wake me up when we hit 500.

I do not think that the price increase is now due to just steam accept bitcoin as a payment, see epidemic ago there was news that the Nasdaq accept bitcoin but not surge higher prices.

1) i think this can be effective but it hasn't gone live, it is just a very early stage. so if there is an effect it would be tiny at this point.
2) i totally agree with this, with openBazaar growing there will be a lot of good things happening with bitcoin
3) steam accepting bitcoin is not official, and it came out 1-2 months ago and not yet started.
EDIT: they still don't accept bitcoin but apparently they are officially doing the groundwork. ref: https://redd.it/4fuk6c
https://i.imgur.com/edM7t03.jpg
+
4) with ETH dying slowly, the money is coming back to bitcoin. this is biggest IMO
5) there is always halving effect

it is a small pump, nothing major, probably price correction after a long stagnation, the value can not remember stuck there forever it must move at some point

and it can go up or down you know...next tiem it's better to open a thread if it skyrocket to 500 in few hours, not for these worthless movements...

Being nice is not necessary.
There's nothing really to disagree with it. All (or the majority) of the developers are 'fond' of Segwit. Regardless of whether you agree, or disagree with it, it will be merged.

There is no official announcement from Valve, so do not use the word 'official'.

Valve has started it nonetheless, they have been sending Emails to developers and publishers telling them about this the Email contents are in that reddit post and Valve has already confirmed they have sent such emails to news sites. http://coinjournal.net/bitcoin-coming-steam/

but it is not yet posted on something like steamcommunity.com

If you're in need of $500, patience is required for few weeks, as the price is expected to get hold around the price of $450 for few days.

The SegWit was planned to go live late this month according to the road map. So the price rise. If it is delayed, the price might drop.

Yeah right. Because something might be implemented a few days later, or maybe a few weeks, the price will drop. ::)
You could say that when SegWit would have flaws and therefore not work. But not because of a small delay.
Things have to be done properly. The pull request had been done. SegWit will come soon. If the price will drop the reasons for that will be different ones.

i think the biggest news so far was the steam news. i saw it first on reddit/r/bitcoin first page and i was so happy that they finally are doing something about this.

The SegWit did not go live last month. So it is a missed opportunity. I hope it will be implemented some time next month.

open bazaar is good for bitcoin, same with steam, so it rises price, but i think this huge price rise now was because of halving, it is a almost main reason why price rises

lots of people know about halving now, and they know that price should rise, maybe to new ATH, so lots of people buys bitcoins now just to sell them later and that rises price

As you can see now you see that the value is now around this time rising slowly and that is because it already kept stable for a long time and that is nice for the currency.
But it can takes a long time until the value will be more worth because it is rising slowly so it needs time.

Segwit is still far away and I doubt people even consider it at this point. Open Bazaar is nice technological demo of decentralized market place... and that is it. For now.
Steam acceptance from the other side was huge deal. The biggest online gameshop finally embracing Bitcoin - it boosted Bitcoin credibility to the moon imo.

Here we go.

Another thread trying to 'explain' market action that fits no explanation.....as though everytime a market moved, it must be due to some 'news'.

95% of the time that a market moves, it has nothing to do with any 'event'.

I do not think the price rise recently is the result of a pump. It has been within the rang for some time.

it's an expected price increase till now in the runup to the block halving. i only don't know how much steam there is left to push the price much higher than $500 in the coming months.

There is no continuous price increase until now. It is just range trading. Today's price has dropped to the bottom.

The bitcoin price breached the $500 for the last two days. If it stays above that level, we are in a new era.

I think the price will not stay at 500 since the price 4 hours ago i saw its $534 and now its reduce back to $517 according to preev price.. and i think it will reduce more if more holders are attracting to sell it because of increases..

I think we are very close to the halving so this much reduction in the price is not something we should worry about..If you see now the price is 528$ which is again a good sign for us..

only the big boys in china knows what will happen as they have been pumping the price like there is no tomorrow. my guess is that it will fall back to below $500 on exchanges as bitfinex, but that it will remain slightly above $500 in china. there has to be a break somewhere.

I think that you're trying to find some explanations where there isn't one. I'd just say that it is the halving rally which has already started.

Just enjoy the ride guys!
If we should fall back below $500 there will be some great opportunity for more accumulation.
And I doubt we won't stay long below 500.The halving is coming closer and closer.The hype slowly starts to kick in.Get some popcorn and ENJOY! 8)

That could be right. The market usually react earlier than people expect. The block chain hype will also help.

I think the recent price bump was thanks to Steam,a platform with millions of people using it suddenly starts accepting bitcoin,this caused the price increase.

I doubt that. The amount of transctions there are mostly smalls and looking at the exchanges most of the volume comes from China/Hong Kong @
http://coinmarketcap.com/currencies/bitcoin/#markets

It's the manipulators at work which is good, since we all profit this time.
Question now is when will they start selling and make the price crash. Before of after the halving?

Most of the volume in China are fake volumes. There are many discussions about that in the forum already.

China (https://www.youtube.com/watch?v=RDrfE9I8_hs) is the word. Dem new chips gotta be profitable.

The US and Europe are still the richest in the world. They have the power to print loads of money. We have to use bitcoin to protect us.

You can already see now that the price of Bitcoin is becoming higher and that would be nice because there are a lot of people that is hoping for a higher value.
And of course it will be hard to know what will happen with the value in the future but it is now rising well.

The bitcoin price is around $730 to $770 for about a week now. If it consolidates around the current level for a few more months, it will rise very high.

Yep, this has been the speculation about Bitcoin. I think what was projected just went on and happen..

Judging by the recent action, the approaching halving event, and the fact that we have already been in a bear market and post-consolidation phase for about 2 years combined (longest in Bitcoin's history) I doubt it will take months.  More than likely consolidation will occur over days or at most weeks.  If it consolidates over a several month period in the $700s, I would be very surprised

You might be surprised. The price is below $700 at the moment. I think 70% rise in the last month could be too high.

Only because of bitfinex problems, the price won't stay here for long.

It won't even take a week to get back on the upside track.

The price drop has little to do with the bitfinex off line problem. The price has risen too fast in the last month.

The price is too volatile. If the price just rose 5% a month, the price rise will be much more sustainable.

Most investors like that kind of rise. But traders and big whales do not like that. They want to make money out of it.