Bitcoin Forum

Bitcoin is recovering at a record breaking pace. All the FUDsters that where here saying how Bitcoin would need months to recover from the bitfinex disaster have vanished. We will be up soon back to 650 and getting ready for 2000+ for 2017. Get in.

Yeah that's true, now the price is getting gradual increase after the fall from the range around $650. Soon this scenario gets changed with the price reaching near the price before halving.

We might have this price after this weekend perhaps later but soon everything is good for 600 again

I fully agree with you. In a few weeks the Bitcoin Price will be well over 650 in my opinion.

This is not first time bitcoin back to $600, i don't think we can reach $650 as soon as it the issues of the exchanger still make us worry the price can goes back down.

We are going to test for 10 years. After that. 20k.  :D

It's of course great that we touched the $600 level again, but at this point it doesn't mean anything as the price can go down again easily. We still don't know what will happen once Bitfinex comes back. Will the price go up further, or will there be another wave of sell orders...

Well, in general, do you think this event would be more or less likely to make someone decide to move fiat onto an exchange to buy bitcoins?  Are there people here that think new money has been just waiting for an event such as this to jump into crypto?
Then again, there is so much manipulation and overall horseshit going on with this scene who knows. I'm fine either way, I still hold some profit bitcoins and it's worth the entertainment value to hold them to zero.

It depends on how people interpret the come back of a faulty, maybe even a scummy exchange if the operators responsible for this mess (stolen coins) are still in charge. I personally prefer to see people withdraw their coins and fiat, and sign up at an other exchange. It's better for Bitcoin to see this exchange vanish.

And then that will be the next exchange to fall? it's not like we don't have a long list of them before bitfinex.

I think OP stated something very smart, many people thought that after crash of one exchange site bitcoin will fall much more. Then some people talked about impossible recovery, but here we are back to 600 $ and going up.
There is high chance for price to go to 1000 $ until the end of the year, I believe bitcoin can do that. When summer ends, and when many people sit again on their computers and start to work, price can only go up.

There is definitely not a high chance for Bitcoin to hit $1,000 by the end of the year. There is a relatively mediocre chance that it can happen, but I definitely wouldn't say that there is a high chance. The market hasn't broken $800 yet this year, and it has been a while since we were around $700, so that might as well give us a limit for the price max this year. While I don't think it is impossible, it definitely seems unlikely to be honest. there are a lot of things that have to happen, and the market doesn't seem interested.

I do not know what you people are on, it must be denial but this will go back below $600 and stay there. It is possible that it will not go above $600 until next year. The recent rise of bitcoin that started the end of May is really fast. It was pumped by the whales and was dumped leaving us caught up in the mess and hoping it will go up again.

Now that's some bearish shit!

I have to agree with you on your statement. All these hyping done by others just isn't enough to send the price over $800, and now they are talking about hitting four digits by in a relatively small time frame. I am not being a contrarian, instead I am just being realistic. I am not against the price rising up, but at some point we do have to manage expectations and that there will be pullbacks along the way.

the fall was a good opportunity to buy and since at this price, whales are accumulating bitcoin before the big rise, the process takes some time hence the slow rise.
but eventually the price will be back at $650 in no time.

Give it at least a week or two and we may see $650 again. Bitcoin started to climb the charts again on August 5 but did not get that much momentum as the increase is not big. From $568.21 last Aug 4 to $593 on August 8, that's an average of $6.39 increase per day. Not bad if you ask me so lets just wait for it to hit $650 by 3rd week of this month.

Since it's summer and the trading may be slower it may take 3 weeks for the 650$ goal. And after that 850$ may be the next stop....

after bitfinex incidents bitcoin prices slighty rise up even though still not reach to $600 yet but i was hoping that would be reach to those price soon and yesterday it has almost $600 but today back again to $595 but on my thought this monday maybe the prices will passed through $600

I'm with you, OP.  Just bought a small amount on circle that I just plan on hodling.  But boy I wish I'd bought more when it was at like $515 the other day.   I figured it was just an overreaction to the bitfinex BS.  Bulls reign supreme.

We may see price above 700$ again and only up from there. Market support is huge even 60 million USD worth of hacked bitcoin can be digested by the buy support i think.

FUDsters are always spreading their lies all over this board, don't worry too much about them their names are known to everybody and also nobody listens to the new accounts they create to say the same thing :)
this disaster was a good chance for me to make some more profit in the short time and looking at the charts it seems like my profit is not going to stop here, i don't know about the $2000 but the price surely will rise soon.

I see this price for weekend for sure
600 is close but to much struggle for it

Don't celebrate yet, remember that weekends is otherwise known as weak end, that's the time when small drop in rate happens and will start to recover again on a Tuesday and Wednesday. The only time that Bitcoin suddenly climb $5 or more was before halving and before BItfinex hack last June, I forgot what was the reason for that but it rather unusual.

i like your optimism, but for now i think it's better to focus on having the price settle above the $600 level again. if the market is over this hack drama, then we can see the price advance further. till that time people will remain alert and ready to sell.

 I agree, this weekend will see a drop from 595 current to 550. I've been right before, I am and will be right again many times before bitcoin finally takes off. There's no good reason right now for bitcoin to rise in price. In fact, there are many reasons why it will go down, such as the tps limits, core developers fighting among themselves, no leadership, no vision for the future, etc... This is a critical time for bitcoin and the ship is rudderless and heading towards unknown waters.

The reason for the price rising last June? Pre-halving market preparing for the halving, also know as "market pricing-in", Oh, and China's economic policies forcing people to convert their national currency to something more valuable such as gold, dollars, bitcoins, etc...

i hope that you are right, the price should grow at a really rapid pace pretty soon, that would be really cool as it would make me nice money easily

i believe that the recent dump can potentially act as a spring that was pressed down. because it provided everybody with the opportunity to buy cheap coins and also to test the downward resistance.

$700 will not be easy to achieve, it will surely take some more time to touch that price, if it touches $650 in next week then we can expect $700 in next month.

$700 it sure is easy to achieve in the coming months, because I see the recovery of the price of bitcoin fairly quickly.
so it is very likely it will go back to $700, even my prediction end of the year is $850

I agree with your assumptions. today bitcoin was at USD590. and soon we will go to $ 600 in the near future. bitcoin movement this week looks postitive and chart the rise is very good.

i agree we might see 600 for this weekend I'm positive about it

I would be surprised if the market doesn't start trading up to $600 by the weekend, there has been a decent increase going for the past little while and it definitely seems like there is a lot of things that can happen during the weekend to shift the price up $10. Now we just have to wait on the traders.

Yes $600 seems to be possible in next few days as we are now very close to it and it would be really good if price continues to go higher and we touch $700.

It seems ETC is about to go to the moon again so I would say the 600's will have to wait, since ETC has the power to get BTC from all alts and BTC itself during pumps. I would go on ETC and be patient.

Yes that is true.And now where BitFinex is running again and plans to make customers whole I think we will see the $600 back even sooner. In worst case it would need another few more weeks, but I have a feeling it will happen faster.

It is testing 600$ agressively for days but  people who  bought from 450$-500$ don't let it happen. They dump like crazy so price can't go up. It will eventually break 600$ tho, they can't resist forever. If prices want to go up, soon they will have no more bitcoins left in their pockets, and then we will see 600+

Now we have sell walls in the market? Is a whale waiting for his next paycheck so he can grab more? I don't understand why someone would want to bother keeping the value down unless they're trying to grab more before everything starts to go back up again.

$600 is possible, but these guys seem determined to keep it down I guess. Time to buy it up.

yeah, the price is really near that number right now, as soon as we break this roof the price is going to jump up really fast to at least 650

$600 will be achieved in next couple of days but I am eagerly waiting to see the price of $700 and once it reaches there I will prefer to sell some of my coins to generate profits from it.

I guess that this year and probably some more we will be seeing it testing this barrier. It might probably top another 20% more, but I don't believe that it will get anywhere near $1000

It's definitely doubtful to be honest, there is nearly no way that Bitcoin will go up $400 in 5 months and that has never happened before to Bitcoin at all. It would be setting a new record for growth rates, and it is basically next to impossible to have something happen that has never happened before.

Bearish? Please check and analyze what is going on. Look at the BTC/USD chart it is exactly what is happening. I know all of you do not want to hear things because they are "bearish" but please take time to know the truth. It was testing $600 again only for some dumpers to gain the opportunity to unload at a better price again. It is better to not do anything and wait at the bottom to get in at a good price.

you can never tell about bitcoin future so it can be possible to go up and raise to $1000 even by the end of the this year.

and about your comment part that i made bold i have to say you should look at the history (charts) sometimes before giving an opinion like this: http://www.coindesk.com/price/#2013-10-31,2013-11-30,close,bpi,USD (price rose from $200 to $1100)
*not saying the same will happen i am just pointing out your mistake

All start with a slow rise in price, then a parabolic jump to the top, and the inevitable crash and rebound. At the end of every bitcoin bubble, the value is about 2x higher than what it was. Every time. So it is not a surprise if the price hits $1000 by the year end.

one of these days when enough time has passed below $600 there will be a big breakout and price will go to the moon the same way it went to $780 a couple of months ago starting from $430.

We already saw that the price of bitcoin reach again in 600 level but looks like the price right now is decrease again back..
The price right now according to preev is $584 looks like its takes a long time again to see that the price will reach again back to 600 value..

you might be right, the price might be standing on the same numbers for a whole year but that would be really bad as less people would be attracted to bitcoins