Bitcoin Forum

Bitcoin has been on the rise, currently at $435. Is this a sustainable number, or is it a momentary spike because of the news?

There hasn't really been any news to cause this pump so I don't know if it's sustainable. I hope so. We'll soon find out though.

It may pull back a little here, but long-term, the rise is sustainable in my view.

well the last pump reached 500, so i'm assuming we are just returning there, if bitcoin is waiting everytime  good news to increase, then we will not have a high price ever

anyway you need to move this on the specualtion board OP...

I was referring to all the hype caused by "Satoshi" right now. It may be drawing interest and so more people are purchasing.

Sorry. How do I do that?

This. More and more people realize block halving which BTC ll face in July next will permanently half BTC supply. This is gonna push BTC up big time and this price growth might easily generate snowball effect.
Last big price jump over 1k was purely speculative. This one s different, it s based on actual supply and demand for crypto.

It's not going to halve the bitcoin supply, rather it will be halving the block reward (i.e. bitcoin production.) The same Bitcoin amount will be produced, it will just take a longer time to produce it.

Its only a little more than the price of last year, i dont think its not sustainable for sure. 

It will be sustainable if users agree to buy at this levels or higher ones, if not bitcoin will decrease its price. There aren't important news about bitcoin, i think big news will come next year with the halving.

So the halving next year will cause the price of bitcoins to increase or decrease?

You can't just see the "sustain" thingy in just a matter of few hours. Just wait for about more hours or preferrably more days then comeback here.

Hopefully it would be sustainable this time as oppose to the last pump that went up to $500. This few days were a steady rise as suppose to the actual sudden pump which is good but it seems that is rising faster now therefor it might not stay there as well ($433 from the time of posting this).

I think it is sustainable.  China is devaluing its currency, and the Chinese are trying to get their money into other currencies, BTC being one of them.

I hope it will reach 450 dollars and it will just stable around that.
But is good too that it can go to 500 dollars.

Your reply is quite far away from the thread title Chief. Look like it belong to others speculation thread lol.

Anyways around 435 today is really closing near at its range. This means we can see same volume of pump and dump today.

With the last raise and after going down again, price stabilized in a higher ranger than before. Probably this time is the same, it will go below the 400 in days when some of the people buying will cash out profit. But then it will stabilize probably in the high 300.

Up and down but with a nice ascending trend. That is my sentiment.

There isn't really any news to have an effect on bitcoin so I doubt that that's the reason of the bitcoin value going up.
I'm just happy that it's going up, I would be happy if it went either way though.

You don't think it's going up at least in part by the whole "Satoshi" hype? I would think it's bringing interest into bitcoin.

How the hell would anyone here know?

Obviously it is all speculation. I'm looking for opinions  ;)

I was just kidding. And pointing out that the guesses here are just that, guesses.

That Satoshi hype has nothing to do with all the happenings today in the price even at small percentage. It's all because of cheap price rumors that maybe we will only see in this year because price may reach high next year due to halving. People buying more coins now that increase the demand rates thats why price jumps as what of as it today and not just a manipulator move last rally that bring 400 to 500 in just a matter of hours.

It's already moving towards 430$, the peak was 440$ very briefly but didn't move more than that. In my opinion the selling pressure indicates that high levels can't be sustained and there isn't much of a bullish overturn. The price will drop again sooner or later, there's also holidays in the middle that historically indicate that bubbles around that time each year. I've also stated in other threads that I believe it's a good time to sell only to re-buy when the price falls again. Because bitcoin surely is going to keep being volatile.

Hype? You mean the imposter who calls himself out to be satoshi? Maybe it has something to do with that but I don't think that should have an big impact on bitcoin

As sustainable as the temperature in summer guys  ;)

We have seen 400, 500 dollars this year.
So I prefer to see increase even more and be sustainable around 750 dollars.

Nobody can give you a clear answer on this one, only more speculation and predictions.
Only time will and can tell if $435 is sustainable.

Ah, okay no problem. That is a very good point tho.

Can you elaborate on why you feel this way?

i feel like its going to go up a bit more maybe around 460, then go back in the 300s. :-X, bitcoin is really unpredictable tho.

It's really unpredictable but I don't see any reason that it will go back to $300. Your using your speculation skills too much. :)

I think this will continue, I am very optimistic that we will touch $500 at the end of 2015 8) 8)

I prefer these step-wise pumps which then stabilize at a higher range than the previous ones. Hopefully it keeps going this way. North by Northeast.

More like $470 - 480, I presume. Let's not get our hopes too high, we all know people are gonna cash out if this keeps on going.

I'm even happy if we are at $450 at the end of 2015 if it is able to be held stable.

Apart btc-e and kraken always trading with a lower price, all the other major exchangers btc/usd ~$437 and since the Chinese exchangers are trading with ~$446 then I am pretty sure that the price will stay between 430-440$ for a while or even pass $440  :)

Its good news for us and Price wil imcrease more I guess Because Due to christmas and new year Price bump will go further more and today price is rate is 436$ right now. I am really happy to see this bump.

Ask yourself how valuable can be this ecosystem  ;D
http://startupmanagement.org/2015/10/22/the-global-landscape-of-blockchain-companies-in-financial-services/
We're talking about a brand new internet and this is just the beginning.

It is sustainable, what more I think it will rise a bit more before it stop. Will to back, in my opinion no, but I'm not 100 % sure of course. After reading some smart comments here on this forum  I believe price of bitcoin is still far from its real price, if bitcoin continue toc grow, and if people start to use it more and more only way for price is up, and we see bitcoin stronger every month.

Well, we saw a spike up when the satoshi news came out, which in effect will introduce a lot of new people to bitcoin and remind a lot of people that it's that time of the cycle again, ie the halving is only 6 months from now. The news was on many mainstream media sites and this exposure is not irrelevant.

I do not think it will reach 500 but will go down again at christmas and stay in the lower 400s.

What's unsustainable is the price being under 4 figures for any longer than another year. Im pretty sure now that when we approach the halving we are going to smash through the last ATH like a ragging bull, then we will have a lot of people selling only to find out there's no correction worth selling at last ATH prices because it will keep growing.

Hate to disagree with you again, but I think the price already reflects the halving.  I'm not a big proponent of the efficient market hypothesis, but we all know the halving is going to happen, and the price isn't going to react as though it's news.  I do believe your views are shaped by rampant optimism and emotion, and that can be dangerous.  However, we'll see.  I could be totally wrong.

Its not a sustainable value for Bitcoin. According to satoshi's prediction Bitcoin will reach the worht Which is equal 10000$ USD for 1 BTC. my side I am expecting this only for use my bitcoin as future savings.

Just dropped to $420. This isn't looking good  :-\ :-\

Looks like you got your answer xD

Didn't the LTC price jump way before the halving - and by the time it occurred, prices were lower than before?

Down to $410 it goes... I hate this.

why no, in comaprison with 350, this is a a 14% increase

it's better than good to me, don't look at the last thing that happen, look at the whole picture, look at the progresses that we made since we were at 230

now we are near the 100%, better than this i would not ask....

The price rose from about $350. I think it is sustainable as the price foundation around $350 is quite solid. It might stay here for a few weeks.

It is not sustainable because I believe that the price is going to keep on rising over $500. I really doubt that it is because of the news, it is because the demand of Bitcoin is increasing.

$350 is a very good foundation for Bitcoin's price. But I would really like to see Bitcoin's price rise over $1000. This would be great for me as I bought Bitcoin when it was just $100.

It is just a spike just like last month. It will probably go back to $370 in a week or two

why you think it will go that deep? there is no reason to panic, no single negative news so why to sell at low. I think traders have more positive feeling nowadays as despite of large drop today, it rises again within few hours.

At the moment it is the exact price of bitcoin, i don't think that it is sustainable but everything that goes above 400 should be considered as good.

I think it will hold. If you look closely, then you see with such a dump, they could have easily dumped the price under $400 on Bitfinex. Instead, it stopped at $402.5 and from that point it started to recover again. The whales that were behind this dump didn't want to let it dive under $400.

Definately not sustainable OP, i think its related to articles circling around the internet about that australian guy being satoshi, i dont expect the price to still be uver 400$ by friday

400$ support is working very good, we don't have any problems in short term.
I'll buy at 400-430 and sell at 470-500. That works in short term too.

I just went to sleep and look what I missed! God dammit.

https://i.imgur.com/3n785mN.png

At least I know that my predictions were right, and to be perfectly honest I'm expecting more downward activity, the last threshold for me is Chinese new year. We already saw that there's some strong profit taking from the last day market activities, this won't allow the price to be lead up no matter how bullish some traders are. This is quite a risky time to count on the bullish activity of the market as we haven's seen such price levels in months, play it safe everyone.  ;)

You did not miss the price drop. The price is $380 now. So you can buy more and sell high in the future. The price is too unpredictable.

no, not stable for now, it's still dropping/rising each day, wait year or two, will be more stable later

The market capitalisation of Ethereum is still too low. When the market cap becomes 1% of that of gold, it will be more stable.

This thread dates back in December: now we're almost in March and we are kind of close to that price. To answer the question no, this price is not sustainable. Especially for miners.

it is going higher and higher for now and nothing seems to slow it down. maybe it is the start of the bubble we were all waiting for.

Not sure if it is.  The pattern has been erratic lately, I feel like 400 is more of a stable price.

Still very cheap and will be cheap even at $500 get aboard folks while you still can

Well with the new pump started we can see some nice actions. So yes expect the price to go up for the coming period.
Then you will see the price will go back again.

Miners honestly have the problem that their investments may be worthless if they are unable to even pay back the capital. It is a huge risk mining.

Miners are not those who are frightens me.
Whales could finish this weekend with good dump till 400?

that was last December... on todays price, i think if we stay at $440 we might end up stable at around $430 or up... it seems that bitcoin is moving unpredictable again..  :)

we still have to re-test $415-420 support to claim it is stable. Let's wait until this short pump runs out of steam and a correction start to see where we are and what are current support levels.

The price is still aruond $420. So there is no big worries. I think the price from $380 to $450 is the normal trading range.

now the answer is yes, it is because bitcoin has begun to develop and be recognized communities, and institutions of the world. such as the IMO, may rise in bitcoin will continue until the price of $ 500

in the past 5 months it almost doubled and now its stable. idk if it will be halved in the summer,

Once the news shifts from the block size and potential forking, assuming that gets locked down, and shifts to the block reward reduction coming this summer I think not only will this level be sustained but we may even move higher.

Amazing price is 435$ and is sustainable.  :o Who would tell?
What can we expect now?

I think the price of bitcoin will not reduce to $300 any more. More people know about bitcoin now.

Since it has just reached $435 i don't think it is sustainable as long as it will not take a month to be sustainable, i hope it will reach $500 soon.

The most people we had thinking about Bitcoin was during the great bubble to $1k+, it's not a matter of awareness.  It boils down to the news that's happening in the crypto atmosphere, what China intends on doing, and the general sentiment of both the community and outsiders that may invest.

As long as the block size debate can reach conclusion, IMO it'll be sustainable at $435. The question is how high can it go.  :)

As long it stays mid high $400`s. I think its okay for most, unless youre some whale depending on a couple more price movements.

Its sustainable in my eyes as long its not zero..  :D

price moves in between $430 to  $447 I thought it would continue and probably prices will slowly rise

the >$400 price was not sustainable by the start of this topic but i think this time price is more stable above $400 line and is not going to go down unless something happens out of the blue that causes the price to crash!

Well we're holding on to $440 or so, but I don't know where we're headed.  Hopefully not only will $435 be sustainable (I know this thread is a few months old), but we'll go significantly higher than that.

Well we went crashing through that pricepoint... too early to tell if it's a correction or the begging of an actual crash, but we're certainly not stable in the above 430 area right now..

You are right I hope the bitcoin will worth more in a month and than be sustainable, I think its possible but we will need wait for it because its not to predict.
I think the price can go even higher to the range of the 500 dollar and than be sustainable but we will have to be patient and see it by yourself.

I think the $430 is the reasonable price for the current stage of bitcoin. So the price will stay here for some time.

and here comes the test I was talking about. For now it looks like $415 is a solid support (previously resistance). If the correction finishes here, then we can say we have a new solid bottom at $415 (previously $350).

It was an expected correction. I think the bottom is at $400 which might be tested today or in the comming days. Support at $400 will most likely hold if that price level will indeed be tested. The comming days will be very interesting to follow closely as there is some decent money to be made with these kind of price swings.

I don't see any technical support at $400. Other than psychological level, there is nothing there. Do you have any chart to show that? $415 was a strong resistance that now turned into support. I would trust more holding $415 rather than $400. Once $415 breaks, we go down to $380.

Psychological resistance can be pretty strong, whales like to use it to their advantage.  That said, it does look like right now we're going to be seeing a good bit of resistance at 415.  Here's to hoping it's able to hold, otherwise it's time to short IMO.

415 Is indeed a strong resistance. But 400 is an important level cause once we break the 400 you can be sure we go sub 380 because of the psychological level.

As long as the price stays above $370, I am happy. The longer the price stay in this range, the better.

I was talking about the psychological aspect in terms of the support at $400. I should have made it more clear in my previous post. A lot people here who are regularly trading don't look at support levels as $415 or $438 for example. They just focus on round numbers as $400 and $500 and so on.

You know what would be more reasonable.

My reasonable # would be $500-600 and it stays there even after the halving as its lowest price. Then thats something to see in my view.

Disclaimer: I`m delusional.  :)

We are delusional. We give out price prediction according to our position with bitcoin. If I am long, I think the price will be higher.

All right then. Another day has passed and $415 is still providing support. The longer it lasts, the better it looks on the charts.

If the price stays around $420 for the next few months, it is a good omen that the price will rise further.

A stable 435 dollar would be very good. Especially with regard of the halving.
However the nature of the btc price it goes up and down very fast so no I don't thing it will stabilize around this price.

If the price is stable around $420 to $450 for a few months and the whales accumulate enough, the price will rise.

$435 is sustainable at the current situation. If the block size is increased to 2MB or higher in April with the Core SegWit, the price will rise.

once the block size is increased to 2mb the price will definitely increase, but i think the increase will be for a short time. especially now the whole block size discussion is somewhat pushed to the background. people don't panic over this anymore. i believe the nearing block halving will have a much better and long term price increase as result. long term growth, that's what a lot people here are waiting for.

the topic was created last year. and price was obviously not sustainable back then nor last week. and right now it is climbing back up again from $400 to 411 and rising

It will rise of course, but we dont know when it will happen and that is the problem. I hope later that more people will sell it with profit and that will be good.
But you never know what can happen. But we all hope that it will rise. And that will be very good for those who made an investment.

The price at $435 is quite low. I will still accumulate the bitcoin. In a few years, the price will be much higher. I will use some of the coins.

Bitcoin will continue to grow. Because we all use it and as long as we do not use it until it will not fall off. if Bitcoin is increased to $ 700 so its not a surprising thing.

$700 is not a problem after the block reward halving. it could even go much higher. bitcoin is becoming more popular now.

Wait until halving is began, by then you can easily predict where bitcoin will go.halving has a strong effect on bitcoin so better wait and see.

Halving will make the price very high. That dramatic price rise happened in 2012 and 2013, that was all time high.

People haven't been able to predict the price for plenty of years, and you now say that after the upcoming block halving people will be able to easily predict where Bitcoin goes? It won't happen. Bitcoin will stay as unpredicatble as it has always been.

Most possibility is there to get sustain at the value of $435. Before few weeks it reached the price of $425 but it didn't sustain long but staggering around $415 - $425 for a long time.

If price keeps on coming back to just above $400 - $420, I'm afraid those who wants to go short most probably would put their sell order just above the $420 - $430 and would probably could build resistance at price $435  and up and would just keep on dumping the price below.. I hope I am wrong in my opinion..

The big whales will just sell short the bitcoin to suppress the bitcon so that they can buy more bitcon before the halving.

yeah everyone wants to have as much bitcoin as possible right now in my opinion thats why they are just holding all their bitcoins right now and not selling

even though the price fell a little bit it will soon recover to its highest point during the halving, i hope im right and i will make a lot of money

Well, it just mean one thing, everything is not yet ready to cross that price.. though it touches the $430+ and even above it  to up to $450+ the pressure was just too high...Maybe a few more test on that and $435 would be sustainable...I think it would be around May..

I think the price could rise significantly to around $500 in May or June, then it will consolidate there for some time.

I think the price at $420-440 is very sustainable. It will also go up in the next two months, but maybe slowly.

If gradual rise in price is felt, possibly $500 would be reached by may or June. At the same time price is expected to sustain for a long around $450 for little time as it got moving from long time stable price of $420.

This probably will continue at least until the end of this month before the price will slowly, i'm sure everyone expects prices to rise rapidly.

Yeah absolutely this sustainability can lost till this month end and may stagger around $450 to $500 in the coming month and expected to be more during halving.

The price is $435 again. I just hope it is not just another mini pump and dump. The price shall rise slowly.

Where do you see this? Here the price is still 430 usd?
http://coinmarketcap.com/all/views/all/

The price going up steadily is something good btw. No more pumps for me.

the price hit $435 in the morning in bitfinex and all others were 430-434 also,
for some reason i cannot upload a screenshot to imgur.com to show you but here is the link to coindesk price chart:
2016-04-15,2016-04-16,close,bpi|bitstamp|bitfinex|coinbase|itbit|okcoin,USD (http://www.coindesk.com/price/#2016-04-15,2016-04-16,close,bpi|bitstamp|bitfinex|coinbase|itbit|okcoin,USD)

look at 8:05 UTC


i think we are slowly rising by each day passing,which is a lot better than a sudden rise which can not stay around.

we have been at $420 for quite a while, i'm fairly sure the $435 range is sustainable.

The price is hovering around 410 to 4440 Dollars, for a month now. We have not seen any big changes in the Current prices.

We may see more frequent Rise in the price.
We have to break the 500$ Benchmark first.

2 months ago, $435 was not sustainable. But after 4 months of consolidation, it should be a new bottom.

You can say that price is rising gradually, not at the high speed that is suspected. The reason maybe people holding more bitcoins and not spending yet. But this more sustaining price is good for higher prices always.

It's very obvious that 435 is NOT sustainable at this point in time. We hit 435 very briefly on April 16th but since then it's been dropping, currently at 428. What's interesting is it's struggled to hold 430 on a good volume of trading.

A price of 410-420 is proving to be very sustainable if there are not bad news that affect it.

I am only seeing some good news will only come as with upcoming reward halving on july. Even 600$ can be stable price during halving so still bitcoin is undervalued.

The sustainability of bitcoin around the price of $410 - $420 is over. Now its time for a rise towards $450, but currently it has grown little and stabilizing between $430 - $435.

Comparing the month you posted that in December it is pretty much the same situation now, the price currently is $430, I think that the price will be increased this month probably at $460 (in less than 2 weeks)

it's nice to see that the price remained quite stable during the last months. it's a great thing for people that use bitcoin as store of value. but not so good for people that hope to make some profits while trading.

Of course. this price is not so much so it is sustainable as a middle ground for the price.
I believe it will stay this way until the halving comes in to play. But not moving until then.

The higher is the price, the better for the investors.

But there is a limit of the price. It is determined by the mass adoption of the coin. If it is used everywhere, the price will be higher.

It is but I hope that it is going to rise again because I am ready to sell some Bitcoins and this is not going to give me much of a profit. It has to reach $500 sooner or later but I do not want to wait much longer any more.

First time I see rate stayed at $435 for a few hours and go up to $437 at preev rate. If this is because of the halving then that's good we might see $500 at the end of this month.

$440 next week maybe ??

From the recent price performance, it is possible for the price to be $440 next week. But I want it to stay there for a few weeks.

Of course 435 is sustainable, I think 450 & 500 is coming and will be sustainable until July.

OP makes this thread is long enough. but it is very appropriate that today we touched $435 again. I also believe we could touch $500 when close to halving.

The most people are hoping of course that the value will be more worth and that is quite logic because they want to make some all profit and that would be nice.
The only thing is that nobody will know what the value will be of Bitcoin and that is the problem.

Yeah, what a coincidence, at $435+ today, I think it will be sustainable, we even reach $440+ and it still keeps on going... So probably this will lead to $500 sooner next month if it continue to move up day by day..

It is a nice price but I have to say that the price can be higher in my opinion. We are now on our way to $500 and I hope that we are going to reach that mark as soon as possible. We will have to see what these couple of months are going to bring us.

We are on our way to $500. But that could happen in a month or two. The price has not broken out yet.

Steady progress is good. I am not in for a quick break out and see the price crumble down to 400 again. We have to think about the bigger picture.
Bitcoin being a real alternative for people and investors as a currency and investment asset.

Ha... we are already at $444 and testing 2-month high of $448... Are we missing any good news? It doesn't seems to have any special events support the current up trend.

It is very possible it will set and stay at this price for a while. But why would you want it to stay and not rise for the coming weeks as you say? Only if you plan on buying a bulk amount would I think you would want it to remain at this price and not rise.

Already the quoted price has been crossed. I think the price might get sustained around $450, if the price is reached within few days or a weeks time

If the price of bitcoin stays around $450 for a few weeks. It is good for the next stage price rise.

I think $430 is sustainable, considering it has gone up without any drops occurring, and with the halving in sight, it seems like we may be leaving the low $400s behind finally.

I think at some point it might go back to $430s as some large traders might soon start to secure profits. Nothing goes only up without some short fall backs. It allows coins to change from owner.

Exactly we have reached $435 earlier than expected by the starting of this week. Now it has near to $445, if the same increase continues soon or near the days of halving the price will reach $500 as quoted above.

Yeah, truly bitcoin has been very strong when. During the past month as mentioned $385 got hold for a long time but when the price started to rise it didn't went down. Likewise if $450 gets fixed for few days surely the price won't fall later.

Bitcoin will be higher soon and that would be perfect but the only thing is that you have to know that the value can also reduce but the chance is small if that will happen.
It keeps stable for a long time and now there will be a time that must rise because the halving is also coming, so lets hope for a nice value in the end of the year.

The value of the bitcoin will increase when more people are using it. But that will be long term process.

The bitcoin has been there for 6 years now, it grows to $7 billion  market cap, it is a very good achievement.

And numbers still increasing as of today. Also market cap will boost too once the block rewards drops at it's estimated time of arrival three months from now.

Achievement it is? Yes and much more will be present by years that will passed.

Apparently no. It just can't hold as such a low price.

That is right. The bitcoin price at $435 is the bottom for the recent transactions. it dropped from $470 and bounce before $435.

The bitcoin price just rose to $453. It is quite fast rebound. It seems bitcoin has very good buy support.

The $440 is the new bottom. The price always bounces back from that range. So I think 4435 is also sustainable.

yeah the bottom value can be $400 and surely not below that, the price hovers around this value and gradually increases day by day and at the time of halving it goes upto $800 and can be even above.

The bottom can be from $400 to $430. The $400 has been tested many times, so it is very solid. The price will not drop below it.

The bitcoin price has been over $435 for a few weeks. It seems the $435 will be a good bottom.

If we will based on the expected result of the upcoming halving, $435 as bottom isn't reasonable. It should be around $500 as new bottom since more changes will happen once halving start. Miners need reasonable rewards. Not a cheap rewards.

It will still take a few weeks or months for the price to go higher than $500. It is very stable below $500.

For today yes, but if we will talk about what halving can really bring to the price, $500 is really a must to happen as a new bottom rather than going back again for below $500 range.

Yeah the price $500 is not near. It takes more time as you have suggested because the price is getting stable for a long time. The price is much closer to the $435 tag, so in the coming days if price goes down to $435 value might be stable for even more time.

We're doing pretty good, OP. Up almost $7 since you posted half a year ago.

Bitcoin is getting more worth and that is nice because you also see now that there are a lot of people now that is holding their coin so that is really nice for the Bitcoin itself.
But some people says that it is rising now but it is now rising slowly and it needs to to reach a higher value.

The price is $435 in some exchanges today. So the consolidation period is almost 6 months. The price will rise high.

Seems it is not. But m-Eth pump may also be affecting btc prices at the moment. To me, 450$+ is a bubble right now. After the halving we will see bigger drops in price i believe. May even see 390-400$'s.

there is too much hype around the block halving which will only result in disappointment. once the block halving is done, the price will indeed start tanking. partly due to the disappointment people have, and the other part will be the vanishing hype and speculation in the price.

If the block size is increased before the halving, and the price rises slowly, there will not be big dump of the price.

If the block size is increased to 2MB in July as promised in the Hong Kong meeting, the price will rise a lot.

Honestly with no doubt, the resolvement of the block size issue that held a debate for a long time is one of the factor of the new changes in bitcoin that can increase the hopes of it's users. With this factor, really expect a high price plus the upcoming halving. So it will be really multiple major events in bitcoin.

Given all the drama around the block size, confirmed news about it being resolved (even in the future) will lead to the price shooting up.
I will believe news about changes to the block size when it actually happens.  :)

Exactly! I also only believe it when I see the block size increase is implemented into Bitcoin Core. As long as that isn't the case, for me it doesn't have any value. Action speaks louder than words.

The price has dropped to around $435 recently. But it recovered soon after. So $435 is the bottom.

The price is $475 at some exchanges. If the price does not drop below $460 in the next few weeks, it is a break out.

The price is $535 in the Bitstamp. That is lower than the price in some Chinese exchanges. So the price will rise again.

I do not wish the price to rise too fast, fast pump will lead to big dump. If the price consolidates here, it is fine.

If the price rises slowly, in line with the usage or the mass adoption of the bitcoin, that is good for the bitcoin.

You see now that the value of the Bitcoin is stable for a long time but now the time will come soon and that the value is going to be more worth and that would be nice of course.
But the bad thing of the Bitcoin is that it can really takes a long time until the value will be more worth so that is really bad and of course there is a time that it is rising.

The bitcoin value or the price was suppressed by the miners selling short the coins when they borrow to buy the miners.

These miners also sold the coins at a fix price, so that their profit is guaranteed, they do not care about future price.

It is very wise for the miners to do that. That is the use of the future trading. I should learn from that.

But if they borrowed the bitcoin to buy the mining equipment, when the bitcoin price rise after, they will make a loss.

When the bitcoin price rises, it is better to buy the bitcoin directly. It is better not to buy the miners to mine.

You can now see that the value of Bitcoin is becoming a higher value and that is perfect for people who already waited a long time so that is really nice.
And of course it is hard to know what will really happen with the value of Bitcoin and that is bad because we want that the value will rise for a long time.

The bitcoin price dropped some what in the last few hours. But it is still around $700. I expect it to trade within a range.

The price is $680 now. It is dropping fast. I am not sure if it is profit taking or there is a bad news about bitcoin.

Perfectly normal thing in times like this. Its a stock market, and we saw how fast price went up, now a bit down, then again up. Fluctuations are just a normal thing.
I don`t think this is something that we need to worry about, people earn huge on this fluctuations, cause of that trading is just gambling, who sold on 750 $ will buy now, or wait a bit more to drop. In moment he will have more coins. Buy low, sell high. That is trading, to know how to predict this things. That is not easy. Of course we can always suspect on some kind of manipulations and to create conspiracy theories about it, in the end that is why information`s worth a lot in this world.

I think there is no need to worry about the price. It has risen a lot in the last months, it needs some correction.

After a few months of consoidation, like it did in the last 6 months, the price will rise to $800 to $900 at least.

the bitcoin price dropped to $550 yesterday, it came back to $680 again. It seems the $550 is a recent bottom.

Lovely to look back just weeks ago when people was questioning if 440$ was a sustainable price. Now we are more than 200 dollars above that price after a correction 738 dollars and we are climbing back again. There is an huge BULL TREND that has not stopped for a minute.

I think the current price of $650 is quite sustainable. If the price is too high, say, if it is $800, it is not sustainable.

From the current price action, the price could be between $600 to $700 on 10 July, the halving time for the bitcoin.

We are having a fantastic price consistency of 630-650 range and this is very good news since we are consolidating a new floor. Now everytime we go under 600 there will be a bull rush that will push it up again towards that range. In other words its only up from now on.

I think the price consolidation around the current levels is good to absorb some profit taking and preparing for the next price rise.

A wise decision, but i still believe there is plenty of room for a small rise juts for the price will stabilize. I do have an exit plan for some of my bitcoins and hope to see buy it back later after some dump. The price has been very volatile so it it's a great way to get in on the money making.

yeah, the price is really stable at the moment and i think that it is just a wait before a huge growth that is going to happen in the near future because of the halving

the price is not going back to 435 dollar mark any time soon, but i think that the price is going to bounce back really fast, thus allowing me to make a lot of money if i buy right now

Some core team members promised the 2MB block size increase will be implemented in July, so that could boost price.

We have 26 days until the end of July. So the price of bitcoin could rise in the next few weeks at least.

I do not think the Core team will implemented the 2MB block size in July, that is not in the interest of Block Stream.

Take in effect the halving which is almost due.
My guess now is there will be no major pumps anymore. A price of 700 would be great, but honestly I am not counting on it anymore.

I think the price of bitcoin will be between $600 to $700 in the next few weeks. We are waiting for other news.

If the SegWit is tested successfully and implemented in the next release of the Core client, that will be a good news.

I heard the SegWit will be implemented or released in July. But I am not very sure. If it is, it is good news.

Somebody said the SegWit will be implemented in the next Core release. So that will be not too far away.

That could happen this month. The core team members promised in the Hong Kong meeting that it will be implemented in July.

Test version of SegWit was already implemented in test environment and developers are conducting research on it right now.
So far I heard everything is looking very promising so it shouldn't be long before full release will hit mainstream bitcoin network.
But it is better to be late with fully tested product than keep hasty promises.

That is right. I also want it to be test fully and I want to buy the bitcoin at a cheaper price before the release.

If you really want to be on time with buying, then start buying at today's prices instead of waiting till the price breaches through $700 in the coming weeks.

Once they release it to the public, the price will rocket up and makes you buy at much higher than current prices. Buy now.

Do we know the exact date for the release. That will the most significant software update for the past few years.

Nobody knows the exact release date. It depends on how the Block Stream think the thing should be.

Why bother for the exact ETA? Act now if you believes that event will open up an opportunity for bitcoin price to increase. We all know when it will happen so take closely with the price rather than to regret later.

Exactly that! Waiting for the moment a certain happening to take place in order to buy yourself some coins will only result in you being too late. Mostly every happening that may have a price increase as result experiences the price increase far in advance.

The price will not drop below $500. If you want to hold for the long term, it is better to buy around current price.

I think the price of bitcoin could rise to $900 by the end of the year. So the current price of 650 dollars is fine to buy.

Yes as there is an expected price hype after this slow increase.

So better be always ready to whatever scenarios that will happen. We don't want to miss the train.

Expected price hype? By who exactly, and what kind of hype? I don't see anything special happening beside the possibility of having larger block sizes implemented.

of course it is better to buy some bitcoins with the unused money you have, i think in this way you can get a possibility to make money in the future

What is the point of posting in this old thread, when the price action has completely nothing to do with what was written here?