Bitcoin Forum

We still have almost a year of current mining rewards. This hype will not last.

Another motherfucker posting who went full fiat and the bus left without him.

Underwater that bad, huh?

Underwater? lol, I'm up over $10k trading shitcoins, moron. I also still have a few free btc sittin around.
I'm just saying, there are many months at current mining rewards for miners to dump. Be careful buying this pump.

Most shorters went in with 100-200 coins on leverage around $300.  We're talking $8000-$16,000 losses here.  All the money they made shorting Bitcoin over the last year just vanished and is being used to help raise it now.  :o

Just close your short and go long.

Lol

Now that we're over 1/5th of the ATH, longs can finally "gloat"?  LOL...Mmmkay

I suppose we are seeing the effects of publicity gained from the blockchain and bitcoin being featured on the Economist's cover. I also think it will not last, but it will set new floors, which might mean we'll no longer see $200 for a long time.

I'd agree with that, let's hope we are right.

Anyone claiming to be able to predict future price without a doubt is lying. TBH this can go both ways; lower due to relatively high price gain in short while, and even further more up
due to the fact that as it rushes up, it's getting more exposure with press and interested parties - pushing it even more.
I sold at 370-375 just a bit ago, because i feel it's more likely the correction will happen, but like i said; this is a pure gamble now, and it's not certain that i will be able to rebuy at a lower point like i plan.

I don't trust OP words.No one can predict the future.I personally believe in bitcoin and hope that it will ultimately rise and give rewards.
Yes it can fall like every other market,that's the nature of commodity but in that time we should have patience.right?

I guess these new guys didn't know better than to short a bull run. smh

Over 1/4th and soon to be over 1/3rd. Price is secondary however as I'm not selling any of my bitcoins for fiat as that defeats the primary purpose of them. I understand that you may be a bit bitter from your paycoin investments but its never to late to catch a ticket on this train and focus on moving ahead with a decentralized and sovereign currency. It may not be perfect but has a chance with our help to continue growing.

BTW... expect many more bubbles and crashes just like before...

Leveraged coins tut tut. One way road to ruin.

This rise is in now way fully and solely related to the upcoming halving.. Yes, it may play a small role, but it is more likely a combination of a lot of bullish news lately.

Halving effect is overrated.

we have only 8 months, this run can last for another months, then a price correction, as usual, a big price correction, a stabilization that will follow, and a new run again

or a long stabilization before the real pump for the halving, i can't anything wrong that can happen, this pump is not even about the halving, the hype for the halving will only strengthen it

lol
you definitely sunk in the ship
so butthurt

If the current rally is really due to the halving, then it will most likely last untill after the block halving, and perhaps even longer. I sold 30% of the coins I have for trading purposes yesterday at $365 to take profits. From now on I will not sell a single satoshi anymore till after the block halving.

you just gave away a third of your future wealth for some dollars? u tryin´to short a tsunami....?

just kidding. i just don´t have the guts to sell.

I disagree. If the pump is because of speculation about what the halving will do to the price, I think it will dump back into the 200's. Why? because we still have about 10 months of current mining rewards for miners to sell before they get cut in half.

That is not necessary a give away a third of the profit.

I would wish I gave away all my profit in the November peak in 2013. We do not know the short term price trend.

What if I told you the halving isn't the only reason Bitcoin prices can rise?

We have had large bubble more often, and we only had 1 halving in the past.

I believe Chinese capital controls are the major cause of the rise.

I wouldn't call less than 35 weeks "almost a year", It's 8 months.

6 months before last halving, Bitcoin went up 300%, then 24000% in the year after the halving. This time people are just acting earlier in anticipation.

If it's true that Chinese capital controls are responsible for this, trust me, this can finish way up in the clouds!

There is so much cash in Chinese hands and there are so big in population, that even a small percentage of their money would blow away our price.

Let's see what will happen, after all, we are all just speculating.

The Chinese capital control is not responsible for the recent price rise.

The rise is caused by the inside information leak: in China, you can transfer money to/from bank to exchanges now. It was banned before.

https://www.btcc.com/news/article/btcc-now-accepting-direct-bank-deposits

I too believe China is having the most impact on the current price and even if the halving is going to be an issue, it won't be for at least a couple of months when we see the current miners start trying to sell their coins. Nobody in their right minds is selling right now, especially the miners who are in it for the long haul.

List of most important news that are currently changing the Bitcoin's price:

http://ynef.net/bitcoin-just-hit-the-420-mark-and-it-doesnt-look-like-its-stopping/