Bitcoin Forum

Bitcoin is on the rise again. Where will it go this time ? 5K 10K :D, what is causing the price to rise so fast? :D i am getting excited :D

If this is, the bubble aint that big like before. Not what I expected.

dont get to excited, its mostly the chinese (In my honest opinion) I doubt it will gt much above 500 USD as the chinese have already predicted only up to 473 USD. it may see 500 or even 525 before dropping back down. I hate to say it but I honestly feel bitcoins 1000 dollar days are long over. I hope I am wrong, but I sincerely feel that is just not possible. Please I hope someone will prove me wrong tho HAHA

This is not the bubble, Bitcoin bubbles do not move this fast. They move steadily, 30 to 50 dollars a day not 100+ dollars a day. 100+ dollars a day is a pump not a bubble.

 I think its just the chinese messing with the market to prepare to unload all those coins they mine with all that ASIC equipment they use before they sell the miners to us HAHA

Will it reach $600 by the end of the month of will it slump back to $300?

lets hope it rises :D

That is one of the reason I get discourage in bitcoin. All hopes. Anyway, I already got used to it right now.

I thought the exchanges had colluded to build up extra bitcoins, now they have a good pile of coins.  They had been artificially keeping the price down skimming cash off the top so they could then buy cheap. They were keeping the price down like a loading spring. 

Now that they have a big pile of coins, they will collude to let that spring go and will even spend a little cash to help push it up.  After the pump is over, they can then sell their coins for much higher. 

They can then rinse and repeat the process again. 

I am personally expecting it to go over 1000.  I don't underestimate the greed of market makers. 

Let's hope that It will keep rising ;D but I dought that it will reach more then 600$ at least not anytime soon

Just in time for Black Friday shopping :)

I don't think so. It is just rebounding back a little from the bottom. We can call it price is self correcting. If the price is over $1000, I will worry that it is another bubble.

sorry, i don't agree with u, Chinese can't make such bubble, and their gov still don't accept BTC, it must be some billionaires or someone holds thousands of BTC and want to change the current financial system with BTC, so he or they just down all their BTC, so...
just in my opinion.

yeah, i hope so too, but it won't reach so fast at 600$
but if it does reach that in one day, then it is a bubble.

Yes, this is another bubble. This bubble is caused by the government of Gambia, Bitcoin will touch the $40,000 mark before the end of the year.

We all will get very very rich  ;D Keep holding!!!

because people buy BTC

You can say that it can be another bubble as bitcoin is behaving like it.

just the beginning, BitCoin and Litecoin will explode. Some people with a lot of money are buying. 500 $ easy by xmas

Posted From bitcointalk.org Android App

Bubbles are awesome and amazing.
They get talked about, on here, like they're herpes.

If anyone has a bubble aversion, I'll buy your coins at a pre-bubble rate.
On buy now.  $340 each.

In a few days it will reach 600$ and settle over there

IMO this is the "pre-bubble" taster, just enough to pique some interest again, get it on people's radar, so they are looking out for it. True liftoff is probably happening in a fortnight or so.

If you think because it has declined from $450 that that was the bubble, then you haven't been around for many bubbles.

Best thing to do is strap yourself in and be prepared for the ride of your life.

I'm not sure the ride of our life is going to happen but I'm sure what goes up most come down eventually. Hope to see it keep rising up before it comes down a bit, though  ;D.

That would be true if Bitcoin was a physical object affected by gravity. But it is not.

We may have seen the last chance to buy in the 300s (like we haven't seen 100s since last year).

Yes this is another bubble
But I believe it won't hit $ 1000 8)

prove me wrong

Very true.

Why do people make fools of themselves like this?
How come everyone  on this forum can tell the future??

too bad i smell 300s already  haha

$398 now.  heres another last chance of the last chance that you talk about :)

Correct. I mean lets be honest here, whats more likely, more upwards or sideways trading around 400? or retesting 300??

Unlikely, this bubble already completely deflated in little over a day. Gradual decline towards 200-300 is setting in now. Very very bad indicators, we may even see lower than that before the end of the year... :(

Yep! looks like it.

Oh boy, stupid weak-hands selling. I really do hope somebody hacks the shit out of 2 exchanges and steals every single coin in hot wallets. That should be a lesson for all to:

1. not use a centralized system
2. long-term hold.

Let me help you understand what china is doing. You greatly underestimate these people sir. just because they are 3 feet tall does not have any impact on their greed and unethical business practices.

The chinese have a lot of manufacturing plants making the bitcoin miners specifically the dragon miners. once the machine is produced they "rigorously test" the machine. DEFINE Rigorously Test - Hook the miner up to Discuss Fish and let it mine until it sells. Once they get an order the miners are then rotated, no miner is sold without a minimum of 3 months testing. Now they also have re-sellers in China who buy them in bulk from www.lketc.com so they get them dirt cheap. They then go thru another phase of "rigorously testing in the re-sellers warehouses. Again the machine must be tested on discuss fish pool and 3 moths of testing before its sold. By this time fans are burnt our PSU need replaced so when we buy them they get a fresh ATX PSU and lower quality replacement fans. This is so the machine overheats and needs replaced withing another 6 to 12 months of you mining with it.

If you investigate all the Alibaba and aliexpress companies listed there you will notice something very funny, they are all one in the same, they have salesmen but the back end of the companies themselves are one and the same.

Now lest get into farther unethical business practices of these guys. You will notice on the website if you compare the prices listed in the chinese setting they are much cheaper than if you click english. So if you go right now you will see in the chinese version of www.lketc.com the price of a 1THS dragon miner is ￥3299 ($538.34 USD) this price includes shipping. However if they order 20 to 49 machines their price is only ￥3199 ($522.02 USD) each, if they order 50 or more the price is ￥3099 ($509.70 USD) each

NOW heres the catch these prices are for chinese buyers only, if you are outside of china you MUST use the english site by clicking english at the top right corner of the page. Lets check the prices now. The same 1THS dragon miner, the price also includes shipping but WOW look at that if you are not chinese you must now pay $684.04 for the same mine rthe chinese get for $538.34 Very unethical if you ask me not only are they selling you Used machines that have already made an ROI on the production but they also charge you an extra $145.70 because you are not Chinese. I live in the philippines and even i am not allowed to buy from their chinese site not even if I had the Yuan to pay them they told me I MUST buy fromt the english site only the chinese site is available to Chinese re-sellers and businesses only.

The chinese have been holding and selling so many bitcoins for trhe past 2 years they have more of an ability than you believe to move this market, one of their smaller bitcoin manufacturers makes 280,000 USD a month in profit after their 70,000 USD electric bill. so they have the cash to move this market up and the coins to crash it down to 50 USD a coin trust and believe.

EDIT: in addition, for a country whose government bans/dislikes,/disproves the use of bitcoins they sure are making a but load of money from this industry dont you think?