Bitcoin Forum

I believe that the recent price rise is due to Shanghai suspending trading and Chinese traders are investing in bitcoins.What do u think?

I don't see why they would invest in btc. Btc isn't creating value, you don't "invest in btc".
If they all buy btc that means they expect money from it. So they're going to sell what they bought at a moment or another. So the price is going to crash.

this is not a real increase, if you factor-in, the fact that we have already seen two times 480-500 value, this is nothing new

it's a returning to the previous point, you can begin to talk about a rise when we surpass 500

$500 in the next few days would be a talking point, with all the halving chat it might hit $500 by this time next week or at least this month..... maybe

The price rise is probably due to possible bank crises, war, lack of r and d by corporates, excessive debt, consumer awareness. fraud by banks. mild weather causing early spawning by frogs, and loads of other factors.

Could well be the reason why its rising but could be just for no reason which seems to be normal for Bitcoin. Hopefully we finally break the 500 mark for good.

Yes, I really hope this few days or next month Bitcoin will penetrate the figure of $ 500.

If that happens then we will all be lucky in the beginning of this year and have fun

Chinese market is going down fast, and some users are buying gold or bitcoin for savings (not all the chinese investors know about bitcoin, i think that they are buying more gold than bitcoins). Also with all the economic problems that china is having, some newspapers are talking about chinese govern could devaluate its currency.

It's not just the Chinese markets that are suffering from instability. There's a rising tension in the Middle East, as well as North Korea biting the worlds ass. All this, and many other factors, cause instability in the markets and btc, just like gold, is an independent alternative to asset allocation.

Bit Trouble In Little China?

I think the price rise has a lot to do with the Chinese markets going down.
Ever since the chinese stock market went down, bitcoin has been going up

I feel that any rise in bitcoin price is good there are a number of factors that could of caused this latest price rise but at the very heart of it is consumer confidence I'm sure it was around this price before the holidays none the less this still shows that bitcoin is something to invest in that can give better results than shares but just as volatile.

I think it's because the recent yuan crashing down, and i think it's very possible to see it goes up to $500 these few days, or weeks.
I believe $450 is new ground, since a support line is already formed and fortified.

just my 0.000002btc

I think it is price rise in generall. Rises to 460, then drops to 440, but still higher than 430 than it was before. I think it is due to halving coming up.

It's not a massive increase, but it was pretty sharp (quick), so it looks like there was some exceptional factor involved.


Russian Ruble also crashed to the new low (slowly picking up now).

Surpassing 500 seems to be quite difficult for bitcoin but not as difficult than crossing 1k before halving. With all of the high hope and also with halving price may only get pass the 500. But i don't expect it to touch 1k before halving.

The reason behind this seems the range between $420 - 450 which is being focused ATM...
We are seeing people talking to see ATH very soon due to halving, so basically halving is one reason why the price is increasing "back to where it was, once..." ;)

The price has gone up steadily which might be due to the block halving. If big investors are really stepping into Bitcoin with their millions, then the price would easily shoot through the $500 price level. Right now it's normal demand that is pushing the price forward.

I think this is pump not a normal demand. We are seeing large volume making pump and small volume steadly making price dump.

Well, where did I use the word "stupid", my friend???
I just meant to say that the price was actually there few years back, and it is just touching those levels again, that's it!!! :)

I would agree with you dude. As speculation price will start grow for halving with minimum 400$. Because that only I think Price growing high now. It not a big growth but still fine for bitcoin users.

Real bitcoin user does not care too much about price. If you are spending your bitcoins daily there is no big advantage of price increase.
For someone who try to trade and speculate on increase it`s sweet.

Seems like we have yet another struggle to break that 500 dollar mark. I'm trying not to bother too much about prices these days.  Just let it so it's thing.

By that logic we would have to wait for an increase of 1000$ because bitcoin has already been there. What matters is the stability, we have good stability now, if it stays this way it's better than 50$ swings back and forth.

in fact we should, because right now bitcoin is no really increasing is just struggling to return to the last ath

but on the other hands, one must follow the average increase which is another thing

it's normal. selling pressure is too strong. we need to wait for these sellers to run out of coins. as long as that doesn't happen, the price will continue to struggle with the $500 price level. it might take a month before we go through the $500.