Bitcoin Forum

Bitcoin rushes over $950

Current prices show an increase of almost 4% in Bitcoin price in the last 24 hours of trading. With a high of $959.37, this is the highest price in the last 3 and a half weeks. At the time of writing this post the price was $956.78.

This increase is probably due to China’s biggest Bitcoin trading platforms putting a stop to trading BTC without any fees.

That would the exact reason for the gain in price so rapidly.
This news brings with it a sense of relief around the world in knowing what is actually happening.
With all the stuff in the last month about miner fees rising 15-20% should be put to rest with this happening to the exchanges charging the fees instead of having the senders of the bitcoins front the bill.

We just hit $962, looks like we are hours away from $1000 again, once we hit $1000 the doubts will be broken and it will take no time to hit a new ATH, so I can't wait. We may see a bit of wrestling in the $980 area, but this is bitcoin after all, we can be at $1000 within minutes.

Price of Bitcoin was just to steady last few weeks. What is 4% nothing. 10% Bitcoin price swings are something. We will have such up and down in upcoming days. Day traders and exchanges will be so happy. :)

I'll take 4% rises for a few days in a row!
granted it might well drop 10% tomorrow, but any rises are welcome to me.

I don't think we will see $1000 today or even this week. If you do see it again soon, I hope we enjoy a little more time in 4 figures that the last 2 times!

bitcoin price is very high incraese in today
iam not understand effect is dollar value is low price, or only pumping from china people

The reasoning behind this is mainly because of precious metals also being sought after due to the Trump policies not looking favorable in the short term... Not too sure about long as I don't have interest in politics.

At the moment of writing the bitcoin price is $969.99 and I'm happy to see the bitcoin chart increase and green.

While bitcoin price is increasing just check the exchange rate and mostly all coins have negative change but it's not bad at all.

Someone is saying this bitcoin price change is because of Trump, some other because of China, which one is nearer the reality, maybe the fees of chinese exchanges?

Volume move to global exchanges what are no charging fees,but it will end up soon,becouse thay will also have to charge fees,so lets see what will happen next days,maybe it is not only about fees,bitcoin is anticipating future events,stocks are on sell,forex is very risky so bitcoinis is gaining

There are multiple reasons for the price rise but the single most reason for the current surge in price is because of the uncertainty regarding the US economy and with Donald Trump being the president and his current actions of banning people from several countries and if these sort of policies continues the uncertainty level on what his future blunders will make a difference in the price of bitcoin.

See you @3600

To infinity and beyond!

We are at $970 to be exact. Thats a good sign! We already break the $950 sleepy spell. After sevaral days of stable trading. At last, the price surge is happening again. Hope the rally continues until we hit $1000 again. Despite of PBOC interference. Bitcoin still manage to pump. Actually its on the news http://www.coindesk.com/bitcoin-price-jumps-950/

At preev it's now $964 and this is a good news for everyone especially those calm bitcoin holders out there.

And I just slept for almost 9 hours and now the price did pump to $964 this is amazing and probably it can keep on pumping up to $1k.

Maybe I need to take a nap again.

~%4 which has been around $30 rise for bitcoin is nothing to celebrate over and call moon. but it certainly is great. and we will continue seeing more rises.

but i think the reason for this is because whales who were shaking out the weak hands and then started accumulating over an stable price of $918is are now done and let loose of their walls. and possibly it is because of a light increase in demand from those who sold before and now have stopped panicking and are buying back in .

We might be able to see the $1000 price again, sooner than expected. When the price pulled back a few weeks ago, I thought we were going to go below $800 and stay there for a while. Now the march towards $1000 is here again. What's the next resistance level, if I may ask?

But you should also expect the opposite to happen!
I wouldn't wonder if we go down back where we were two days ago.
Until nothing big is getting announced, like an ETF getting approved, or Blocksize debate finally peaceful solved and everybody is hugging each other, I don't see a reason why we should shoot up now without dropping again.
Don't get me wrong.I love when the price moves up and I believe in Bitcoin on long term as well. But the volume is still very low and therefore some guys can play the market very easily at the moment.
Therefore I'm not getting too excited, especially short term.

why?
if you are just guessing then it is worth nothing at all!

i would wonder and i would wonder a lot because there is not possible reason for going down at this point. we saw down after the rise which was the result of a correction. now it is time to continue to rise.

people are investing in bitcoin and they buy and hold it like stocks or shares. the investors don't care about these things!

and these things help the adoption and a huge rise which means going from $920 to $3000 not $920 to $1100

the volume is actually very high if you take a look at it. and it is continuously rising each year with more adoption.

what you say is no volume but the size of the orderbook which is not big enough yet.

Well yeah, I was a bit surprised to see this much of a rise since the past month has been very calm. As you said it most probably because of the china's trading platforms stopping the margin trading, I expect the price to drop after this but well who cares if it is increasing it is excellent.

As I see the price is 980$ now and just yesterday it was 930$. No one will clearly say the factor of such fast grow maybe that what you called as the reason is really like that. Anyway I am happy of this suddenly grow.

Now you have to change the thread title, we are almost at $1000 and if we can hold above that level for a few days, then the sky is the limit.

We topped out at 979 on coinbase, now dropping like a rock. We be going down to 800 in no time. Sorry noobs.

Yup, Its 972$ today. I see that this is healthy price hike bitcoin chart from the last month. I think we gonna mark the highest bitcoin value again in this year like last Christmas pump.  As of now, holding would be the most preferable option for all the people in the forum except traders.

We topped, but this time the price sustains for a long. It won't fall immediately because the price increase did't happen due to the big whales holding and releasing at time to make a big fluctuation. This has happened after a fall, and now regaining potential gradually without the impact of external market and Chinese miners.

Let us see if this price hike can sustain itself. If it holds in this level, maybe we will reach 1000$ within this month. It has been slowly going up since it dropped to 735. The growth is slow but it is moving up steadily. I hope there is no large dumps if ever we reach 1000$ so we can enjoy a high price.

where is/was the price $980?

I see only $967 and maximum lower than $980, and for less than 15min

And the volume is back to the pre rise level, so probably there will be some stability, but still too late to see the long term result(price could be stable for only a couple of hours for example)

bitcoin is the future money and a lot of people have invested in it, we all know soon there won't be enough for all of us and today being 1 in a million.
the year before the last it meant with only $4600 you could be 1 in a million.
last year it meant investing less than $10,000
and today it means investing about $20,000 to be 1 in a million.
and this will go on and things will become harder when you get in late.

(in case you didn't know 1 in a million means having 21 bitcoin out of the 21 million max)