Bitcoin Forum

Today Price bounces by $20 overnight and today is first day of this week so i think we are heading towards $700 which may get touched by end of this week, what are your speculation.

How much you guys have right now and will you short some when it reach $700 again or not?

Well i dont think think so $700 is really big by the end of this week and i think we are in 670 right now right? Beecause of the recent pumping of it i think it will dump soon and it will not reach by 700 by this month but we dont know 2nd week of november it will bounce back :D

That's actually a form of good news to me as I haven't checked in two days only for me to log in and found out it has increased from 630s up to 650s all in the twinkle of an eye its really something to be happy about after I was tempted sometimes last week to sell the few ones I have but I'm glad I didn't fall for it. Now I'm happy and waiting for the speculation to come to play but its actually a risk I'm willing to take though which could fall through or not.

we might see 700 but I don't think before next month
this may be just spike or just some preparation for upcoming boom price but I hope for just stable 700 by end of this year
We will see tomorrow will price stay at 650

This is a remarkable thing. even in some exchange bitcoin prices already stands at 660USD. a rapid increase in just a few days. when talking about 700USD then I was sure it could happen. My prediction for the next three days will increase again.  :)

if i wanted to guess i would say price is going to take longer to reach $700 than just one week. or maybe i am saying this based on the past experiences with the price and the long history of small slow rises.

but i would definitely sell some at $700 if it is reached within this week because i need some money :)

in my opinion tge whole fluctuation is due to the new service for which the blockchain is looking for bitcoin bank . i mean they are dealing with some banks like banks in india icici . so these banks makes bulk btc purchase this will result into high price so maybe at new year of 2017 it may reach about $1k/btc .

End of this week? That would be today!
No chance we will see the 700 in less than 12 hours!
Right now it looks more like we are fighting to hold the $655 and 4500CNY!
If we should't be able to hold that range we could go down back to 630s, where we moved up from.

It is very positive for the price of bitcoin to go up. But I dont think it will reach $700 by next week. I predict that it go upto $670 only by next week and it will go down again.

I agree with your point, and my view is also same but my target is that this month ending we will see $700 for sure. As per a old chart we have seen price raise  in November month hoping the same in this year November month also.

Big Christmas runup followed by the bubble bursting as people need to cash out. 700 will get smashed through and upwords to 1k before we retrace back some. At least a bit of movement creates some excitment if nothing else.

900usd by the end of the year . 2kusd  by 2018 and 5k usd in 2020 where another halving will take place.
This is my speculation after 4 years

It is always nice to see some price movement in positive direction and this is usually time of the year when things like this happen.I think that 700$ can be reach in next seven days very easy because 50$ is piece of cake when it comes to BTC.

Today is price very stable and it is around 650$, I hope this is a good starting point for even greater growth path :)

i see the price returned exactly where it was before the bad news before the hacker and chinese echange fake volume, this is a good think, it mean that people trust bitcoin, i also see the trend of dumping every other coin when bitcoin increase, i think all money are moving to btc once again

$700 is a huge jump. We seem to be comprehensively out of the $30-$640 range now.
I would bet on $675 being the next resistance level.

Everything is possible of course, but I can't see the price reach $700 (for me) before the end of next week.

But then again, it doesn't really matter much for me if we do happen to reach $700 next week as I will keep hodling my coins for a longer time. No shorting for me.

Literally if the trend will continue it will touched your price speculation.

About what will I do, it will depends on the current situations, trend or anything that will revolve around when $700 price will happen. As always, that is "one" of my basis before securing profits or maybe I will just let it passed and will do nothing. Let's see.

Me too, long term investment in bitcoin is the way to go I think. If everything works out well it could be the best thing I/you/others ever do.

I can definitely see a $700+ price in the next two months, IF we can continue at this trend. We are seeing SegWit and the LN coming soon, and

this will remove any doubt about the scaling issues that has been hyped up by Bitcoin haters and Fiat shills. Once all of this falls into place, we

will see some mainstream adoption globally.  ;D

Of course a long term bull could consider something lowish risk like 2x leverage, which would help the price grow and likely make you richer than buy and hold, without the stress of playing the markets either. Price could drop by over 50% w/o you getting liquidated if you have just a bit of extra money on the side.

And the market is overvalued by 80% best time for investment and the price of bitcoins will grow for sur hoping to see 1k bh the end of 2016 lets hope for the best.

^^ You would normally short if you thought the mkt was overvalued, so I think we can use context clues to see what you really meant ;)

Exactly, now bitcoin is $650, and definitely i can predict that bitcoin would be grow more than $750. Now you see bitcoin still in a good position, so i think 100% chances than in the next 2 months bitcoin will be rise up. We should believe on it, that the coming months would be great for bitcoin's price wise and also give us chance to make profit.

The demand of bitcoins is increased in the market that is why i guess it is overvalued as there is an whole article about it you can read yourself i just lost the link.

Forget about article, just think a bit. If something is overvalued, that means it is more likely that the price will drop rather than keep rising.
More likely means here that the price may keep rising for some more time, but not too long. That also means that there is substantial risk to buy at this point of time and the logical decision is to sell rather than to buy.

If we saw  the  price of bitcoin  would soar  up  high  gradually  and then  just as expected   there would  be really times that   it would  go down its price because  people would  really tend to sell  up their  bitcoin  on the   high price and with that  it would  go down again. Reachin $700 price  point would  be  possible   on this year not  within  this week.

overvalued doesn't mean price has gone up, it means it is over the value that is should be.

and when you say "demand of bitcoin is increased" it means the value is where it should be and even undervalued right now. and that is what i think is happening.

Mate, it looks like you got the terminology wrong. It least based on what you wrote it looks like you are confusing the terms.

Why would you short Bitcoin? In a way, it is like betting against it and the potentially big price jump to $1000 and possibly beyond. The coins to short sell or bet against are the over priced and the over hyped ones like Ethereum or Dash. Bitcoin should be held, and if it goes down, you should buy more. But doing the same to altcoins is not advisable.

Only few days remaining for end of october and this month so we may have to wait next month to see $700 price again. Price recovered really fast, nobody have guessed that price will rise again $700 this year, after bitfinex platform got hacked early this year.

The only thing that can stop it is a black swan, e.g. hacking of one of the major exchange or something similar.

Get ready for another pump. I bet we reach $700 in the next coming weeks!

We have difficulties at $650. Let's cross that level fist and stay stable above. $700 would be the second step, once the first is completed. I don't expect very sudden rise at the moment, therefore these little steps have to be followed.

this now is trend up
maybe in end october bitcoin price can up until 700dollar/bitcoin

Yes it could be too soon, but not entirely impossible for Bitcoin. We have seen it jump higher before. Ok so now we know that there is demand for Bitcoin, the problem now is the "why"?

What is causing this rise? I have read an article that the big Chinese miners are becoming optimistic about Bitcoin Unlimited and that they are insinuating that they are supporting bigger blocks, ending the scaling debate.

Even thoug bitcoins price broke already  on  $650 price but still it would not  guarantee us to  reach   $700 on the end of the week . As of today   it stabilizes agaon  on $650 price and  for sure  it would really take another time  for  it  to  move again. Lets wait   on the next move though.

I just sold all that I bought and earned from April up to now. Now I will have to start from scratch again and hope that I can still buy a few, even in the low $600 range. $700 is very much possible, but I highly doubt if it is going to happen this week. The climb from $600 to $650 took a while and $650 is still not a strong support at this point in time.

Bitcoin price will hit the prediction of $700 dollars per bitcoin and many will be happy if this happy by the end of the month or maybe next month or the last thing is by the end of the year and this is just a spectulation but it just getting true and if this really happens then many of us are going to be happy because our christmas or newyear a god damn soo cool.

OP pictured out the market of bitcoin to increase in such short period of time. When the price pumps, it's more likely for it to decrease sooner than to increase. Even though the price of bitcoin is actually pointed upward, there would always still be some minor and major dump simply because that's how it works. When the price of bitcoin increases, people take advantage of that situation and sells some coin.

making the price to go down again, that's the essence of it why people are buying because of this possibility to earn from
this investment knowing the fluctuation and the capability to earn.

Thats  why  people  do make  profits  with  it  and  this is really a normal thing  on bitcoins price. If we saw that  the price would tend  up to rise  then   we should really expect that there are   people would  really sell of their coins    which  could cause  for bitcoins  price  to  decrease or  fall again  to a certain  point and  thats the time again  to  buy  bitcoins  on  a cheaper price and  would make  the price increase again. Its  just  like that, the  cycle would   never end as long there are people would  able to trade with it.

In this week?
I think you are going very fast, may be in the next month might be possible that bitcoin come at $700, but in this week, it is not possible. I am feeling bad to say that but it is true, and better is that we should accept it.
Also don't be worried, because bitcoin never let us down.

Well hopefully that this is going to happen just like the rapid increase for the past months. Hopefully by the end of the week the price of bitcoin is going to reach $700. But if that is not going to happen by the end of the week hopefully that it is going to happen before the end of the month. We just need to wait for this for the price now is pumping.

Instead of hoping for the price to constantly go up, you can also appreciate the increase that we have experienced so far.

If it's going to happen next month, then it happens, if it doesn't happen, then it doesn't happen. It's no big deal.

Every price above $600 is a more than decent price considering all the drama we went through lately. If you realize that, then you'll know what I am talking about.

BTC reached $670 on Bitstamp...

Yes that's why I don't get others why they are pissed of with the current price. Didn't they realized that we are down to below $500 for long time prior to halving speculations back then. Every price above $600 is fine for me and just need some patience who knows that $600 will be considered as low price like what happen to $500 price today that back then considered as high price.

Also the price increase today is a good movement since it's slow and not on fast phase. Meaning we can expect a correction price at close to $650 if the current movement will maintain it's momentum.

This is my own analyzation and anyone can correct me.

Shorting bitcoin (especially naked shorting) is not a good idea, given how rapid a bull run can be.
Agreed that $700 may look overvalued, considering where Bitcoin has been all these years. But market sentiments might take it much beyond that.

700$ before the end of the week seems highly possible for me. It seems also higly probable for me that in maximum a month we'll be back at 600$.

If I have learned anything about Bitcoin over the years, it's the fact that when way too many people are starting to talk about "the moon", it's actually time to prepare yourself for a nightmare.

Don't get overexcited people. It can't go up forever. There will be a correction eventually. I would start dumping after it touches 700+ and rebuy below 600$. After the correction will arrive at 1000$.

Do you have any graph or a data to show this nightmare?

All I meant was if too many people are buying into the hype, it will drop shortly after because that's just how it's played. Or has been played for a long time. You don't need charts to realize that.

$700 is a good number but it can easily get past that.  Lots of good news for bitcoin by the end of this year.

$750 by the end of the year for sure.
Possibly higher if we have additional news or the hype stays strong.

I just wish I hadn't invested so much of my BTC into altcoins over the last couple of weeks since none of them will probably go up as much as Bitcoin.

If any of you were here around November 2013, you would not say "naah, 700$ is 50$+, we will never get that in a month". Lol.

Since than, bitcoin has at least 2 million+ users, mainstream acknowledgement, banks, hedge funds, capital investment companies waiting for ETF, new technical upgrades in the door, etc.

ATH will be a breeze, once the panic buy in starts.

BTC has a whole lot of pumping to do before it gets to be "overvalued" IMO..

And I hope that it will not just going to be stable at $700 and just like what happened from the past months. Bitcoins price did rapid increase.

History is just repeating itself, so the price of bitcoin from the past is coming back and maybe it would pump again into $1,000.

This signifies that this year is still not yet over, there are really more to come before the end of the year.

Price is now $682 $30 more and we will be at $700, the pumping is strange it always go up everyday hmmm, maybe it recovered from the hacked now.

I sense there will be a big dump coming In my opinion.

Price went up last night i noticed this when i finish my work then just quick peek on exchange and then i looked little to see if this is only false one but this morning i see that price is still going up
Maybe prediction were true that it will hit 700 this month

If you joined after 2013 then now you get to see your first mega bullrun. Only this time, leverage is a lot more of a factor. Ppl w/ $1m can take out loans to get over $1m, then take loans on those loans using leverage, so can thus buy a lot more than $100m in BTC for a bullrun than the basic $100m they'd get on 100x leverage. For example.

It's predictable that if price breaks the limit of $700, it won't grow for a long time in a short term and drop off is likely to becoming.

Price is 684 $ today, I was saying the same. I'm also sure in that next stop is little over 700 dollars. We need just 17 dollars for that, and it`s possible for price to rise that much in next few days.
This is just one of the threads where OP`s are talking about plus 700 in end of the October. Interesting that this prediction will fulfill, it wasn`t from one man, point is that some of us here are talking about last two months.
I`m thinking that this stop will not last long, between October and new year, anything can happen.

The guy who takes a loan in order to buy Bitcoin must have some serious balls though.

It's really posible that bitcoin will broke the $700 dollar so far the bitcoin price is in $681 dollars and it's still increasing and hoping that it will continue growing till the the end of the month so that we can be happy for this comming christmas

$700 is a relatively safe bet. However the whales out here might very well be counting on that. In theory, after $699 someone could dump a massive load on the market and cash in while everyone else is losing.

You betcha. But basically what I was getting at is that the exchanges are now more leverage-oriented than they were back in the day. Before, ppl had to rely on bots running up the price w/ money that didn't exist. Now, anyone can help run up the price w/ money they don't have, thanks to leverage.  ;D

Your speculation was right . the price is heading to 700 level in steady steps. It was the same time last year when the price start rising from 200 to 400 and a similar pump seems to happen again in the next days

With your experience level in this forum, I would expect that a 3% daily movement in Bitcoin won't make you start a new thread. Why? simply because Bitcoin is a still very volatile asset and such movements are part of the game. No need to make big theories out of that.

Why not? This new price trend upward is not just the normal volatility movements of Bitcoin. There is a new pump that is worthy to be talked about. One new theory that is coming out is that Iceland's Pirate Party might become the next to rule their government this coming Saturday. So there are talks that we might see Bitcoin becoming adopted as an actual national currency.

Your though's maybe valid but to think that bitcoin will be an national currency will be a hard issue to think that will be surely implemented, but also maybe those upcoming event really helps since that event is long wait and it can cause commotion on buy orders to the bitcoins and the other conclusion that also have strong points why bitcoins price for now is surging up is the price peak season with bitcoin and wikipidea can give us the answer if we seek past information regarding to this one.

Here is the link to pretty nice article summing up the current behaviour of Bitcoin: http://www.zerohedge.com/news/2016-10-27/needham-raises-bitcoin-price-target-848-heres-why
Although it is also very bullish, important things to note is this 3% daily volatility level, which is similar to small cap shares.
But in all honesty, fundamentally I am not that bullish. Not yet. I simply need to see some hard facts, not just rumours.

It would be nice to see that again but i think if see price go this high wont be as fast as last time it will take this time little longer

I think it is possible to have bitcoin at 700 USD at the end of this week.  The uptrend seems to be going strong everyday.  If you can observe the pile of buy pressure,  700 USD is very possible.  There are more and more interesting thing that occur and help bitcoin price to ascend from 620 USD to what it is at this point.

Now the stage around $685-690, so we are close to break to $700 in the nearly future.
I think for the next two days left for this month could become nice chance for the price to bounce up, we just can't wait it happen.

there's a lots of investors seems to get more interested with this investment seeing the potential and the possibility of
adoption of current system might give btca big chance to make more valuable in this coming years so 700 up to 1000$
are still possible before ending this year.

It is not more than another pump setup. I doubt many new money is really flowing into Bitcoin. But let's wait and look how the things develop. In my opinion there is no fundamental change in the last three months when we went down to $500.

I'm actually waiting for it to drop again... It's super hard to sell anything for bitcoin when people are holding on to all of theirs waiting for the price to go up. I just want to sell a few reddit accounts or something and get enough BTC to transfer over into my Steam wallet so I can finally use the Steam market.

Basically the problem with BTC being a "stock" and a currency at the same time is that whenever the price starts rising the economy freezes up as people's mentality switches over from the "currency" to the "stock" view of their BTC, waiting for the value to grow instead of spending it. If we wanted the value to really go up everyone would be spending some of their bitcoin regularly while only holding onto a little bit of their investment stash in case it goes through the roof (because something big happens like kids finding out it's good to buy and sell CS:GO skins with without their parents' credit card or something).

Well, today the price already break to $700, so the prediction is true and it looks like will continue to rise.
Don't be so hurry sell out all your coin, I think the price could be increase in the next week.

Today the price is really close to hit the point of 700$ I hope it will happen in next few days. It's a big break for bitcoin I think. More than month the price seemed statable on the point of 600$. But this days it started to go higher so fast! I think bitcoin's current price 697 $ is not the possible maximum and i hope bitcoin will continue to grow with the same temps.

Yes, it just break the 700 USD barrier, so the prediction on 700 USD at the end of october happened, I wonder what will be the next floor of Bitcoin since it already passed the 700 USD Barrier.  I hope this will be the next floor and Bitcoin starts to hit 800 USD from now until at the end of this year.

Your speculation is proven now, bitcoin prices had rise above $ 700. You predict the price very well, friend.
Perhaps bitcoin prices will stay above $ 700 until the end of this November. And hopefully prices will remain above $ 700 in the next months and continuously.

Technical indicators of bitcoin market charts are showing that price has potential to advance further. It will stay above $700 for sure.
Lack of negative news, general optimism of investors and decline of FIAT is helping BTC stay strong. For now we can observe resistance around $740

If price keeps on moving in a positive direction in coming days then it can hit $800 price by the end of the year, and now I don't think that we need to wait longer to see that price unless we don't come across through any bad news in next couple of months which is unlikely to happen.

This target of $700 was achieved and that's good that you are optimistic and a lot of people here are too, I was very optimistic that the price will reach $800 by the end of this week as the trending price was really going good.

the price reach above $700 for last week ago and we can see that the highest price for this year, and now the trend its going down. i hope that will not go to deep and will gets up for next week.

$700 is not the highest price for this year we saw price of $780 before the halving and that was the highest level we witnessed in this year but even the present price is good and may be we will see much higher price in next couple of weeks and my expectations from this year to see the price of $800.