Bitcoin Forum

There are news stories claiming btc's price peaked as high as $1,600 on some exchanges.

http://www.businessinsider.com/bitcoin-price-blows-through-1500-for-the-first-time-2017-5
https://finance.yahoo.com/news/bitcoin-just-soared-1-500-162700354.html

Words can't describe how awesome that is.

Especially if the price soars higher if more russian exchanges go into business.

It did hit $1600; saw it on my Mycelium wallet, which is the bitstamp price--and then it subsequently dropped back down to $1500, and I heard even lower than that.  I was asleep at the time, and I'm happy I'm not an active trader!

Good to see some mainstream media coverage of this.  Gold is an old, dead dog right about now.  Probably wouldn't be a bad time to buy, but bitcoin is a hell of a lot more fun.

I saw it hit $2167 CAD on mycelium so that was pretty exciting. At the moment it's hovering around $2100 CAD. I was expecting a much bigger correction but I guess that will probably come after the ETF news on the 15th. I don't see how the decision would have changed so I'm expecting at least a 10-15% dip like last time it was declined. If it's approved we'll then we're going to te moon so no worries ;)

I really feel that bitcoin will surge up to $2000 in the first half of this year. Those people that bought bitcoin when it dumped $900 are very lucky. They are filthy rich right now especially those whales.

I do not agree. The very lucky people are the altcoin investors. While Bitcoin is going up in fiat value, the altcoins are continuing to out perform Bitcoin and they keep going up in BTC value. By the end of this cycle, I believe there will be a few more millionaires made.

this now in bitfinex bitcoin price reach over 1600 dollar
i think end year bitcoin price can reach 2000 dollar/bitcoin

Did you mean if a lot of the japanese investors are betting on ETF? That's rather odd in my mind.

Rather than ETF, A lot of the big Bank institution in Japan already tried to follow the crypto trend.


Did you consider bitfinex as a reliable source to take a correct information about the bitcoin's price?

Dude, Have you seen a lot of problem about bitcoin before?

You must try to read again.

that is another statement about Japan, he probably forgot to put it in a new line. and no they have no interest in ETF and can't even have interest in it.
and as for bitfinex, nobody cares about their price anymore. price went above $1600 on bitstamp (didn't check other places) 6-7 hours ago.[/list]

well 1500$ is a huge amount and by that we can see that the price of bitcoins will race to 2000$ in no time and it would be bring happiness in people and there will selling at that time.

People who invested in alts early did indeed make out good if they sell at the right time before the collapse. Anyone that thinks alt coins are not in a bubble are deluding themselves. When that bubble breaks, all that alt coin money will quickly flow into Bitcoin either causing a Bitcoin bubble or massively inflating an existing one.

Currently, Bitcoin is not in a bubble, although the likely hood of one happen happening this year is pretty good. I am kind of kicking myself though, I could have made over 500k if I had shifted some of my Bitcoins into ETH before their run up  :'(

When that alt bubble pops, it will be devastating to those markets.

I agree. The bubble always pops but the times have changed. The question right now is how big will the new bubble be? Ethereum is a good example. Last year when someone says it will reach $100, we all laugh and say it is already a bubble at $20, how can it reach $100? Now ETH is trying to break $100.

The people who missed out on large price moves are the ones who did not adapt.

Not "popping", more likely bouncing back from it's Fibonacci Retracementlevel 50% located at 1257 USD. Timsescale last 42 days, which is ... the universal answer.

ETH kinda belongs into the Altcoin section. And I changed my mind on it. The technology frontier is over there.

very good point. the rise in bitcoin is always small when you look at it percentage-wise because how big its market is and how big the demand for it with manipulation shrinking.
but the altcoin market because of being smaller and more manipulated, has been performing very well. and that is true about literary all the altcoins not just a handful of them. when looking at the prices of different altcoins during last 2 months you can see that every single one of them have been getting pumped and most of them got pumped hard to big percentages such as 100% to 300% and that is a lot of profit.

This is nice, but while this news are breaking out we must to forget that the media loves to throw dirt at bitcoin so when the price gets down they will use that as an excuse to spread fud all over the internet, so I do not know if this is something to be glad about.

That post is funny. You seem so assured that your "analysis" is a sure thing just because you studied some trading books and won a few trades in a bull run. Making money is very easy in trading when everything is goimg up.


But what is the use of ETH today that matters?

Mostly rumors like David Dierking's writing about a supposed Ethereum ETF reaching market earlier than any BTC ETF might make it, and names inside the Enterprise Ethereum Alliance like Microsoft, JPMorgan Chase, Intel, Accenture, UBS and Thomson Reuters.
Use case: speculative investment. Oh, and a new ATH

it is always good that media is covering bitcoin in a positive manner. and that always helps with adoption and getting more people in. but at the same time it is a little bit scary in my opinion because any new person that comes in would be investing after the rise. and they will surely see the price drop AKA correction side of it and at first it may scare some away.

Icks me, too. But the worst outforming of the effect has been end of 2013 with it's exaggerated FOMO hype and the followup Mt.Gox massacre. Could never become that worse again.
Since Bitcoin allread has that damaged track record laying behind, we might get over same ole same in small doses again.
Just need to be honest in pointing out the past issues to the newcomers early on.

We needed this kind of media attention to gather more individual getting into bitcoin ecosystem. So that mass adoption will be gain not only bitcoin but other crypto currency as well.

Regarding the current price, I stop looking at price because I know that it will continue to increase as the day passes by.  ;D. As I said better, I initially thought that this is a bubble waiting to burst. But as I have learned, it doesn't look it is because the price is only rising slowly as compared to 2013 that the price rose very fast and crash so hard that someone predicted that bitcoin is already dead. Japan adopting bitcoin really makes the difference now and imagine if other like India and Russia following in the footsteps.

Surely and slowly we shall be moving in upward direction in terms of bitcoin price. Whatever reason you may call it, like China , Japan adaption or more usage in india etc but the real reason behind this price movement is the Interest and usage of people in bitcoin and its great demand has made bitcoin the top most currency in the world.

Yes and the new ICO market all done using Ethereum. It is all very speculative. We do not know if those multi-million ICOs will be a success because once they run out of money how can they do another series of funding rounds? But does that use case really matter? Bitcoin is already solving the ones that do.

eth ico's seem scammy to me. how much of eth's price is pure spec? 95%?

The btc price was 1583 USD westerday.I`m really surprised about this.
This is sad for me,because i don`t have big amounts of btc to hold right now.
I was stupid and sold my btc for 1100 USD.

Don't be sad my friend. At least you learn your lesson. Its not to late you buy though, its still trading at $1586 at Kraken. But I saw the price rose up to $1600 a few hours ago. If you have some extra dough, they you can buy and hold it till it reaches like $2000 in the next couple of months.

These kind of media attention is good for the publicity of bitcoin but we are not capable to adapt to millions of users and the situation is that we are still not come to a conclusion about segwit and even if we activate segwit the problem will arise in the future if we see more than sixty million transactions per day . ;)

Bitcoin is sufficient, but technology evolves. Naturally has to. Adapt, or perish.
You know there is a script language included in BTC, too? The differences are about turing completeness, which carries it's own dangers. Made me neglect ETH in the beginnings because of that. Nooo "turing" does not imply you get threatened by your very own governmental like Alan did got. That queen should be ashamed of herself. It's more about infinite loops or resources.
Evolution inside BTC is difficult, watching the segwit activation and scaling debate.

We must not get overconfident when it comes to the price, we need to be aware that the price can decrease at any moment and there is no point in losing money just because you are just being inattentive, especially if you have most of your money invested in bitcoin.

This is not overconfident, bitcoin price have already got correction after that huge pump few days ago so i think we will see another bull run that can bring price to over 2000$ per bitcoin.