Bitcoin Forum

We went like 15 dollars up in very short time. Looks like the days of the chinese dumps are over. Now everyone dumping coins is risking getting out of the game on this very stable 900-high 800$ floor, and in bitcoin the rocket can stat functioning at any given and if you are in the wrong side you'll miss all the fun.

Yes I noticed that too and I considered that as part of the roller coaster movement of bitcoin price. That's why don't be panic when there is a price decrease that is hapeening since many traders set their buying rate at below $900 or close to $800. Don't have basis for that but either way, chart tolding us that many are taking buys after those price decrease at the range of price correction.

With the slow rise that currently happening as of Im posting this, watch out again for a price decrease so learned to get out and ready your price alarm now if you have. :)

Still its nothing price going up and down for 15 dollar is almost every day happen.
But even in this price change you can make some but im glad that price is still in 900 range.
Hope it will remain in that direction for quit some time.

But to be honest i expect for it to go up or down quite much for US president crown day but nothing happen seem to me that politic is no more influence at least not that much.

it is too soon to shout rise over the rooftops, there is only accumulation going on in my opinion and we may ever see $900+-$20 for the time being.

and also i should add that Chinese were never dumping anything, it was always a fake story about them, dumping, pumping and doing all kinds of stuff just to create fear in the market.

I'm not getting excited until we break the ATH. (Even then it'll most likely drop to the $1000 area soon after)

These small up and downs are normal.

Where are you this last few days?  It was been in 900+ and there is no such thing as bitcoin price climbing fast.  It is stable and moving sideways in $850+ sub $950.  Though I agree that  anytime bitcoin can either go up or down depend on the upcoming new whether it is good press or bad press.

Yes the USD ATH is what we should aim for as the next big milestone.
Anything else is more or less irrelevant.
Furthermore it looks like we are sideways since january 17th with some bigger and smaller up and down swings around the $900.

i only hope that when in the chinese new year, the price will increase but i think it will not happen because many traders in china want to celebrate and i think they will make withdraw and use the money to make a party. and lets we pray and hope that the price is not down to deep and we don't see the panic in the market.

$15 is not a climb fast movement, specially at the current price level, around $900, so only around 1.7% variation, acceptable even in more traditional markets and in the forex.

I remember when the price could easily rise or fall $50+, or even $100+, and price was much lower than the current ones, not that long ago

some who invests in something doesn't sell his investment to celebrate, that would be stupid. maybe some small time investors who has 0.1BTC or less sells some because he is out of money but not when you are a real investor.

If you will compare it to previous burst, this is not fast enough. I can say that this is just normal pace bitcoin wise.
I read that investors are dumping gold in order to buy bitcoin. Maybe that is the reason the price is moving up again. We will see if there are enough movers to push the price back to 1000$.

Wiat for it. It wont last on that price they will dump it again to make profit tomorrow its just trick if your going to hold your bitcoin good luck but if you do short term of trading congrats theres profit waiting for you in the end. Bitcoin will never stable in that price it always increase and decrease.

Like other said $15 is such a small pump and i think its a normal movement since bitcoin is not stable and unpredictable price. we can not know if the price will getting high or low it is always depends in demand and supply..
But much better to wait for huge price increase i think $1k value again..

Not as fast but on a slow one. Yes price are back again closely to the last high after the recent price decrease. Well nothing new since we are in building a correction price. Still buy rate level I considered is $800-$900. This is really interesting since $900 level seems to be the breaking point. What matters here now is the resistance so that we may called this level a new bottom "someday".

A good starting point to if ever some big hoarders will attempt to make such big price increase.

It is a rapid rise, but the price has been in this range for a long time.
$15 is not huge in the larger scheme of things.
Not so long ago, we had increases of $100 in a day's time.

$15 pump is not that high and it can quickly get corrected but i think it will be quite interesting to see how the bitcoin price/market will react for next few weeks to the recent implementation of trading fee by chinese exchangers. Volume from china have already dropped significantly, now we may see some healthy price growth.  ;)

it's because of the big whales. i think their keeping investing bitcoin thats why the price of bitcoin is now floating again. they're also the reason why the bitcoin price is dropping because they're cashing out their bitcoin to cash. ofcourse we also need cash not only bitcoin because cash is the primary source of need in exchange to things you want to buy you can't buy a house through bitcoin because you also need to convert it first before you could buy a house.

I suppose another cycle is about to  begin. Also, if you would notice, the baseline's getting higher and higher every cycle. This is a good sign IMO.

I'm guess the value will keep stable as I can see my local graph trend.
Even if it climb at the moment, they will decrease in a second as it reach normal transaction period

I didn't notice any change in the price for bitcoin really. Maybe it's cause of the price is changing so fast that I didn't see a move. If to talk about bitcoin's price I expect to see some drop in next few days cause of Chinese New Year. Maybe I'm wrong, but we will find out this very soon.

It is bouncing between $870 and $930, and with luck will stay in that range for a while. It is known as consolidation.  ;D

Seems like a good trading range, but notice how after the price is stable for a while, there a big dump has happened, then it climbs back slowly throught a couple of days. Let's hope that this time we don't see another big red candle when the next PBOC statement happens which is a matter of time. I hope that people playing this game eventually get burned because a rise happens instead of a crash.

i am watching the market almost all the time and when i don't i come back and watch the charts, it was a fast rise but it was small in bitcoin standards for rises/falls.
i hope we can get out of this damn range faster but i am afraid (like the past 2-3 years) this is going to last long and then slowly rise.

The price is rising but actualy it's more or less between 800$ and 950$ and probably will stay in that range for a while. With a little bit of luck and good "cards" on the market that price will go up significantly. This doesn't have to be fast rise but it's important to be stable and continuous for a longer period.

15 dollars is nothing if we compare to the worst fluctuations that we saw during these days when the price slipped down from $1300 to $750, almost a 50% drop which was remarkable and can only be said that history has repeated itself here once again. Stability is to be maintained if we are expecting better prices to remain in the markets for longer duration.

it is possible that now because of Chinese market with fee, prices become even more stable. they can no longer make as many trades and their positions become more careful instead of being fast and loose with the orders because of zero fees. and also because of the lower volume from there people will panic less :)

Thats true like happen last time they are some panic seller sell their Bitcoin because Bitcoin price increasing faster so the result Bitcoin price down a large percent of it.I hope dont that happen again.

If you put Bitcoin trading in a 800 - 900 USD range then that's precisely what the active traders are doing.  They're selling now then make buy orders at 800 - 850 knowing well that it will go back up slightly above 900 USD.  Then they sell again and make buy orders at lower prices.  It's called range trading and it usually happens when a security, a commodity or a coin have lost it's recent trend.

looks like OP spoke too fast. after about a day price is still that same $15 higher. and rises of this size is normal for bitcoin, there used to be a time when prices changed a lot bigger than this.
in any case market seems to be a little bit calm these days, not willing for fast and big changes.

Yeah maybe you're right, OP too quick to conclude bitcoin price increases. But it was not a problem and I appreciate it ;) It was a reasonable price increase from bitcoin, and the price is still a bit stable does not change too much. Market conditions like this still will last a long time, even later will tend to fluctuate.

This is part of the Chinese manipulation. If you see the Chinese markets volume it will become very clear that the most of the asian market is resting, and is only a small group of whales making noise.

As per checking bitcoin's price on preev. I can say that it is flooring with $900 already and the current price is $913. I can say that it is just like a calm wave in the ocean and just waits for a big ship to have its way to make a big wave. It is not climbing fast again but base on what's happening today, this is a good indication that bitcoin is good.

for this time i cannot see the fast surging of price for bitcoins statistics, since the price is just playing for 900$ and op's thoughs is little advantage and doesn't have any strong basis in reality, we just stick for the fact that price for now is stable and im happy for it for the current price since its still high unlike those past years where btc price soar down for more,

Where did you hear this?

Investors and short-term speculators alike have billions invested in gold and gold derivatives such as gold futures and options. Gold derivatives are typically used to hedge against abrupt price changes in the stock of the gold mining companies, so I can't really understand why these investors may be interested in Bitcoin and abandon gold. It is a completely different market. Some gold bugs may pour some money into it, of course, but I don't think that their number is great by any means

After the recent dump we saw the value under the 800$ but suddenly again price rising and still rising and today price is set to 920$. I see the most of the speculations are saying bitcoin will increase nearly 1200$ in this year itself. I hope it come true.

C'mon. Thats was just normal movement of price. Anyone can dump and buy bitcoin. I thats whats happen. Thats why we see the price goes up and down. Thats not a sign of price surge. $15 increase of price is not a sign of price surge. We can tell if its price surge if the price is quickly moving up fast.

Flash trading was the number 1 reason people were using these Chinese exchanges, and now all of the major exchanges have enabled fees for their trading platforms, where these flash traders are now put off-side. I quite often have seen how in a matter of seconds several +10,000BTC orders were dumped into a more than equal amount of CNY to catch up the dump and scoop up a slight profit percentage. If you look at profits of 0.1% per time, then it doesn't seem like much, but if you do that plenty of times every day, then do the math; 0.1% of 1BTC = 0.001BTC in profits and do that x a few thousand BTC (for the purpose of this example let's take 3000BTC) 3000 x 0.001BTC = 3BTC just from buying and selling into their own orders. It's a simple but more than effective/profitable manner of flash traders where they exploit the weakness of other traders their bots that aren't programmed well enough.

This is a trick well known to experienced bot developers

Basically, it is one bot fooling another bot into either a sell or a buy lower or above the market price, respectively. It works as follows. If some bot is stupidly placing a sell or buy order of a particular size, another bot programmed specifically against this type of bots traces the orderbook and when it sees that the opposite orders are smaller in total that the first bot order size, it quickly buys or sells enough orders (you will see that as a sudden spike up or down on the price chart), then awaits when the stupid bot follows the price change placing its orders higher (or lower), and finally the smart bot fills the stupid bot orders at a price which is substantially lower or higher than the market price

http://s020.radikal.ru/i700/1701/db/e57e321c1dbd.jpg

That's how it might look like in practice

15 dollars isn`t some big rise, bitcoin is capable to go up or down much more then 15 dollars. Today`s law is $ 909.40, highest was $921.22, it`s clear that bitcoin daily fluctuations are in that 15-30 dollars range, and everything in that borders is just fine. Price is very stable if you ask me, we are close and over 900 for a while, recent pump and dump didn`t affect price like 4 years ago, price is strong and I hope we will continue this steady grow in first quarter of the 2017.

Price are still playing around with no much increase and decrease.

I think this was the correction price is all about. Let's say it will idle for the current level for the moment and able to maintained it for at least weeks, do you think guys that this is a good sign that resistance around $900 is really strong. If that is the case, then it's a good bottom to consider before going again on the big price increase.

I think so, bitcoin has did this kind of bounces and it seems that we're sticking to this level of price. Well, I hope so. I don't want to see another morning looking at the price which is down by 20%. Let's all just be wary about the price drops and increases that we might experience in the near future.

Or it will make a good future resistance

In fact, we can only hope that the price will go higher, but ultimately it is no more than our wishful thinking or just a hope for the better. The only thing that we can be certain of is that the longer the price stays at the current level, the stronger its next movement will be. This is what always happens because people are impatient overall, and they move their orders closer and closer to the current price range over time, so it is like two walls building up on either side of the price, and when the price finally breaks through one of these walls (which is inevitable), its push will be unstoppable

What the hell are you talking about? A $15 gain means absolutely nothing. I saw the thread and thought I missed something when I checked the price. Nope. Wow. A 2% gain or less, whoop Dee doo. Bitcoins are just very stable the past week. Don't let a $15 rise get your panties in a knot.

When we see $150 swings, now we're talking!

Yes, it's increasing normally yet, nothing absurd. I prefer this way, we will have a sustainable increasiment in the price of bitcoin. If the price increases fast a lot, it will drop fast a lot too and I think nobody here wants it, well some maybe want... But I believe most want to have a bitcoin pricing a lot in the future and not a climb, down every week in looping.

This may drop a bit, but not that much. I think it will be difficult to see the price drop to such levels, after this recovery phase. Bitcoin is still recovering from all this whole FUD, and there is good support in the market for the current price ranges. It is important to be aware of the news, but it is even more important to check if the sources are reliable and if the information is in line with reality. That way you decrease the chances of panic selling.

   900 $ bottom is great, that is highest bottom ever. Price is holding for a while and resistance is strong on this price that is noticeable. 
   I dont look at this like on fast rise, price is slowly going back where it was. Lets hope we will see 1000$ again and very soon.

Not sure what makes you think like that, but the $900 level isn't a bottom at all. There is no real support on any of the exchanges. It won't take that many coins (in terms of decently stacked traders) to get the price to dive below $900 again. If you closely pay attention to how the market has been moving recently, then it shouldn't come as a surprise that we'll dive below $900 before the end of next week. Ups and downs will remain for a good while.

We are traitors. We keep discussing the price of bitcoin. Oooh, it's over a thousand! Aah, it's only $850, should I sell? But for a true btc admirer this doesn't mean anything. If you have 0.67btc then no matter what the price is you still have your 0.67btc. And if the price is given in btc then who cares how much is it in USD? It is us who imprison bitcoin and make it depended on dollar, because we don't really look at btc, we look at how much it is in USD.

I have to disagree (don't know what other folks might think, though)

Personally, I use the US dollar (and the Russian ruble, for that matter) as a means for increasing my total BTC holdings as well as bitcoins to increase my holdings which are in dollars and rubles. I don't give any preference to any of these in general, but more specifically, I value Bitcoin higher than the rest of the stack because of its higher volatility. In other words, I can increase my total stack (denominated in any currency) faster through it than through other currencies. But ultimately, any of these are only tools for attaining other ends which would be hard to attain without money if possible at all

I don't see any move in the price for a week already. All this situation remind me the time when bitcoin seemed frozen on the point of 600$ for a pretty long time after Butfinex hacking. But I'm sure bitcoin will continue it's grow soon.

Yea  bitcoin is goin up really fast and it is time to buy it to sell it later for more money.I expect price from 1200-1500$ after this price increasing but we will see what will happent I wish big price kaboom like example price 2000$ but it is hard to happent that.

It's been going up and down for a few days now. It's okay to trade in a range as long as overall the price goes up.

I believe that bitcoin might be huge someday, but I am a realist. Bitcoin is not ideal. I am converting Bitcoin to fiat, because last time I checked bitcoin wasn't top payment method in the world.
I won't sell my possessions and buy bitcoin for all my cash. And I still pay with everything with fiat because, frankly, there is no other way to live. I am far from being a traitor to Bitcoin's cause.

The price movements were good. The price variation is happening around a range of $20, which is expected to increase as well decrease. Using this opportunity small traders can make an earning till the price fluctuation gets lowered and stabilize.

I hope you are right. Even 1200 would be a great price but many people are counting on that and will try to sell right below it.

do not be surprised when the bitcoin prices rise quickly, because it is a common thing. but, I would probably be surprised when bitcoin price exceeds $ 1,000 again. Well, the price of bitcoin will really be noticed when the price has passed $ 1,000. well, people began to worry, and confusion, whether it is the right time to hold, or sell. the current bitcoin prices being stable, but I believe, in the near future, the price would be Sonny quickly back.

The US stock market is down big today and gold is up. I'm a little surprised that Bitcoin is not up as well. It seems to not be reacting at least yet. Anyone know why?

Because the USDX didn't change much today

Bitcoin price is pretty well correlated with it (I mean negative correlation, of course) in the absence of other price moving factors such as exchange hacks, central banks launching assaults against major Bitcoin exchanges in China and similar things (apart from the times of outright pump-and-dump). Also, I don't see the price of gold trending upwards, though I don't follow it very closely these days. Last time I checked, gold spot price had been above 1,200 dollars per ounce, right now it is at about 1,194

The price is climbing prety fast and that is was encourages people but at the same time they are little bit afraid because they are also expecting that after rise price will also start to fall quickly . I agree that situation like this confuses them and it's hard to make decision, to hold or to sell. Still I hope price can reach 1000$ and above soon.

I doesn't notice any move in the price for bitcoin for a week already. It seems frozen on 930$, on YoBit the price is exactly like that, add or take couple of dollars. Of course I believe in bitcoin and it's price. I think it's just a moment for bitcoin and after a little time the price will continue to climb.

It is just getting ready for the next strat on how to continue the pump

Wouldn't really call it accumulation for a next pump, seems like China is taking a breather with Chinese New Year. I'm more worried about how the market will react when China does get back to trading. Yes there is the PBOC regulations in place now and trade fees, but we've seen what a huge influence China has on the Bitcoin market. What PBOC did simply reduced the effect of it, not removed it entirely.

The btc trading volume has become stagnant in China as there's no new announcement yet from pboc + it's CNY now, but I speculate people might start to pump altcoins instead.

And we are off again rocket😬

Think this might do with something I saw about Trump and cryptocurrency. Not sure though. Hopefully this sustains for a little bit and we see $1000, maybe $1100 again :).

Since the first bitcoin price are likely to increase more and more day by day.Except few little drops which is very normal. But now price is stable with a little bit like 20-22$ up and down.The thing is world economy or politics don't effects much in this. Hope, bright days are ahead

Allthough the price increase has been not that important (30/35$ or 3-3.5 %) it is significant for the further evolution of the price, in my opinion.

The maximum of the last couple of weeks was around $935-940 depending on the exchange, and this mark seems to have been broken now. Higher highs indicate a continuation of the bullish trend. And the price didn't instantly dip again below 940, so we can describe it at least as "somewhat sustainable".

My prediction is that we will at least see a "try" to break the psychologically important $1000 mark again. However, I'm not sure if this will happen. There is too much fundamental uncertainty now because of the blocksize debate. For now, I don't see a new ATH in the making. It may be best for the long term evolution to stabilize between 780 and 1160 - the current level looks ideal for it - and then climb again when the blocksize problem is solved.

If you look at the graph we have seen nothing but growth since the big infamous PBOC correction in January 13, we bottomed at 750$, since then it's been only uptrend. We are headed towards $1000. It will almost granted happen in February. Once we reach $1000 again the sky is the limit. Bitcoin will have proven to recover and to tend towards $1000 which will make doubters jump in.

That may well be a nice bull trap

Just as I said recently (and always repeat), the price doesn't stay at the same level for long, it will necessarily move somewhere with the big push after the calm. But today's surge looks suspicious to me. It feels like the market makers (aka the price manipulators) are trying to persuade folks into panic buying while in fact they may be preparing a heavy dump to lower 800s

http://s018.radikal.ru/i527/1701/34/476ec376b041.jpg

Bulls should get ready for massive slaughter

Its  a common  happenning on bitcoin price.  Sometimes down and sometimes up,no one can predict the price or where will bitcoin could go. And for me that is not fast  climbing. If bitcoin could get up to 1000$ in a day well that is what im calling  fast.

Seems like we are going up again. We'll see that on the following days. I hope we hit $1000 again. We are at $951 atm. Im not seeing any bad news today like PBOC investigations and shit. So im expecting that the price will continue on increasing. Cant wait to hit $1000 again. Hope this is not a false alarm.

You are right, price was stable in the last 2 weeks at around $910-920 and now increasing slowly, i think that's the positive sign and hopefully within a week or so we will see $1000 mark again.

I'm thinking of cashing out, while the price increase is nice and we have seen relative stability, I have this uncertain feeling in my gut. Maybe I'll divest some into alts instead of fiat, not really sure what I should do right now. Cost averaging down by buying more BTC is always an option too. I think I'll sell large portion if we reach high 900's and $1000.

That's what worries us about, and why we can't come back or stay at $1000 level.
Manipulation and daily traders which hinder bitcoin in every price increase.
Beware if the price hit $1000, hopefully we don't trigger to panic sell and dump bitcoin again.
I'm not sure what pump the price suddenly but anything could happen in the next day, let's see how long the price climbing.

you do realize that your posts stay here on the forum forever and even if you go back and delete or edit them we will always remember the bullshit you said today!

And so what?

I'm not going to edit (apart from typos, grammar and style) or delete my posts at all, any of them, whatever might happen in the future. I still think that this price surge is a bull trap perfectly crafted. This doesn't mean that I can't be wrong. The next few days (or a week) will tell if these levels can be supported. Personally, I would be much better off if Bitcoin price climbed to 1,500 dollars per coin than collapsed back to 200 (I have no open short positions, just in case). In any case, I will be neither surprised nor taken aback if the price drops to pre-December levels at about 750 or below. Anyway, you may want to hunt elsewhere

http://s018.radikal.ru/i524/1702/b6/26c2ff5d10de.jpg

Did you register an alt specifically to post your reply hiding your true face?

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

Yes I already seen that the price is climbing fast again and as the days gone by, demand of bitcoin rises which is the reason it reached this good and profitable price. For those traders of altcoins , its a big opportunities for them to sell their stocks for those who are eager to buy and invest for future profit gaining trading sites like ccex. If this progress will continue in a long way, that's not impossible to bitcoin to hit higher price as an history of digital crypto currency.

It really has been a steady rise now. And if the trends continues, in a week or two we will be at 1000$. When we reach that price, we might see some people dumping their coins again. That will be the real test. Hopefully the dump will not be that large to pull the price back down. I really wanted to see 1000$ as our support.

Yes indeed bitcoin price is not climbing too fast now and tend to be stable. It took a moment so that bitcoin can climbing fast, and it takes time. If the price reaches $ 1,000 certainly many who are selling but I do not think it will make a big dump price. If you look at previous years price climbing fast usually occurs year-end, I'm sure it will happen again this year to reach $ 2,000.

Indeed it was not fast like last January, though it is a surprice that after breaking the $950 wall, it breaks  $970 wall almost touching $980, a $20 in a day after a several day being almost idle.  Anyway, I still can't see any bull trap here LOL unless it touches $1100 tomorrow, just in case I will be cashing out at $990.  :P

Last time I checked, there was like a 13k short on Bitfinex, so I cashed out a little bit. I might cash out a little bit more, but right now I'm playing by ear.

there wasn't much of a wall to begin with.
and also you are forgetting the fact that when price rises like this (or technically when it drops too) these walls are mostly removed.
for example when price was stable, and you bought at $910 you place a sell order on higher price creating a wall or contributing to one, but after you see rise you may remove that order and make other decisions to wait and sell higher.

also when rises happen, many other traders and FOMOs join in breaking any kind of wall so fast (as in the initial sudden jump that you can see on the charts)

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.
3. After banning high denomination banknotes India is seeking how to generate higher tax revenue - further fiat restrictions imminent = price of Bitcoin soaring in India.

One of the factors is the Chinese exchanges that have added the exchange fees there and I like this stage of bitcoin price.
The recent increase of bitcoin makes me feel good because I was worried if bitcoin price is going fall down to $400 like before.

Where did you get this?

That Russian (authorities) are really considering to "promote use of cryptocurrency to help their unbanked citizens"? As I've explained in another thread, this is very unlikely since the Russian government is in fact considering Bitcoin and other cryptocurrencies as sort of pyramid scheme (per Putin's own words) and endorsing them would amount to endorsing such a scheme. Plenty of Russians lost their money in the MMM financial pyramid and its likes in the 90's (there were quite a few such schemes back then), so it is next to impossible (that Russian government would be promoting cryptocurrencies)

1. Chinese traders never had any trouble with PBOC or the fact that they were investigating their exchange, it was the FUD that caused the drop.
2. this sounds mostly like news about banks and blockchain (not bitcoin).
3. India didn't have much effect back in the first time, i don't see them having much effect this time either.

i say the reason is simple, the price is rising due to increasing demand. this demand comes from all of the above reasons too but in trading there are down times where they use FUD to push it further down, and then there is an accumulation phase and then a rise. all three periods happened here.

lol . same here, actually i am not being updated with the bitcoin price these past few days so I too didn't noticed any changes to its price but the changes that I noticed recently is that the price remains a bit stable and it appears to be increasing like a bit as well . Chinese new year has passed but I don't see any drops to the bitcoin price yet it is only going up .

I didn't specify that, by their unbanked citizens I meant people from Crimea. As I read this article on possible shift of attitude towards cryptocurrency might happen.
Here is that article which I am talking about: https://cointelegraph.com/news/russia-considers-allowing-use-of-cryptocurrency-in-the-unbanked-region-of-crimea (https://cointelegraph.com/news/russia-considers-allowing-use-of-cryptocurrency-in-the-unbanked-region-of-crimea)
Is is not accurate? Feel free to comment it, you have better understanding of what is going on in Russia from the first hand.

Some dude (so-called Internet ombudsman, basically nobody) has suggested to use Bitcoin by the residents of Crimea. What he actually means boils down to opening Bitcoin exchanges there. I don't think that can possibly count as "Russia considers allowing use of cryptocurrency", even if it is only about using it "in the unbanked region of Crimea". Further, if we could ever interpret that in such a way, why should Bitcoin be allowed only in Crimea? As to me, it makes no sense to allow it only in one region since Bitcoin use can't be possibly limited to just a certain region by its very nature (it is not like weed being allowed in California and prohibited in Idaho)

The most important part of the article is this:


Anything else is essentially idle talk

Like i said before we are going up up And up again :o


Happy new year for btc holders ;D

Lol, now you can wish for Valentine's day. I see price use to increase on Christmas time and mid of April. This year its completely different and price is increasing in February time.

different months of the year has never known to be effecting bitcoin price in any logical way. since bitcoin is decentralized and global, when one country is celebrating new year, others are still mid year. and any effect have always been fake and psychological.

All is true...but it seems like Crimea will be a sandbox for Russian authorities to test out how bitcoin can be involved in economics of a standalone region before attempting to law enforcements on it.
 Plus to all this the one of the biggest banks Sberbank and especially its director Gref are lobbying for future use of bitcoin and blockchain tech in russian economy - so when the russian bear will wake up to eat his bitcoins i think it will push prices even higher high. IMHO

I know that Greff is pro-Bitcoin

It was totally hilarious to read about some officials from the Russian Ministry of Finance threatening Bitcoin users back then with severe criminal prosecution or even imprisonment for using and holding Bitcoin while the chairman of the largest Russian bank (and former minister at that) had been openly admitting that he had some bitcoins. If you ask me, I think the Russian government is going to distance themselves from Bitcoin as far and as long as ever possible (not speaking of endorsing it in any conceivable way). What if plenty of people pour their hard earned money into Bitcoin and then Bitcoin crashes heavily, who will be held responsible, German Greff?

Today the price on Blockchain.com is 1010$. Looks like New Year again. How do you think is it worth to wait some more days to bitcoin grow even more or to cash out my money now to not skip that chance again?

It is highly likely to happen in the near future, the price was ceased to pump in last time because PBOC inspect Chinese big 3 exchanges, now they are well regulated and examined by PBOC leaders, PBOC should not do more inspections because everything is gonna well. They need more confidence on bitcoin because it is the real gem.

Well PBOC will not get bitcoin to die since if chinese exits the market, it would just mean that there will be less population that controls bitcoin's price at their will unless PBOC will try to regulate bitcoin price by keeping it at a certain point. I really do agree though they should open their eyes to see that bitcoin is a real gem. If they will regulate bitcoin price later this week, I expect to se a price dump.

we expect the price to keep pumping up as the closure of margin/leverage trading cloud not affect it demands. A friend told me today that bitcoin is the future and I believe what he said. We hope bitcoin and others cryptocurrencies will keep on growing as this is good for the digital world we are living in. The elites has dominated the financial sectors for a very long time, but not bitcoin, because of it nature of decentralization.

I also think many people will benefit from this. It is possible to see great change in the lives of people living in third world countries, who have discovered the potential that exists in Bitcoin. If the involvement of those people increase over the next few years, we will see Bitcoin more present in those countries, and Bitcoin will have a greater participation in the world market.

For now the price is rising up but not that fast. This might be healthy for bitcoin price but I do expect some correction again or a dump soon enough if there will be a whale or two that will do profit taking. If that were to happen, price would drop a little depending on how many whale will dump. Its also possible that they will wait more before dumping so let's just see what happens.

Regardless of whales looking to dump, the current levels have proved to be very difficult to maintain as the market at this point still feels uncomfortable at the time the price hovers above the $1000 levels again. I think it will take at least another month or two before the level of resistance gets lower where after that the chances of settling above $1000 will become more likely. Patience is the key here. It's just a matter of time before we comfortably settle above $1000 for more than just a short time as we have experienced so far.

I don't think there is a lot of resistance now. We have moved over $1000 and remained there for a day.
While we haven't broken out to the moon, we didn't see profit booking/selling as soon as we crossed $1000

Yes, we are arriving to the critical but amazing time to see what will occur with the bitcoin price once it arrives to the last mark of $1,100. Of course a logical mind would find that level as the ideal time to sell, but I still hope a great surprise could be awaiting for us and we could see the highly expected ATH.

I think the rise in bitcoin today, not so fast. but, this may make the price becomes higher. well, I do not expect a very high price, but I just hope that this can be stabilized in a very long time. yeah, but this is really a very good price.

As to me, this is still mostly heavy speculation. I mean it is not very useful to gauge the price in terms of resistance or support right now. This doesn't mean that there are no buys and sells that could be interpreted as support and resistance, but they are fragmentary, i.e. doesn't make up a continuous block of orders (thick "walls"). In this way, the price could easily go up a few hundred dollars as well as go down as massively

I'm inclined to think that genuine support starts at 750-800 dollars per coin which we all witnessed

The price as it is right now, can already be seen as it being on the higher side. Especially when you consider that larger blocks are more than ever needed. It's not a situation of that it should be done within a few years, but more that it should be done this year. That's why I just hope pools stop bullshitting with BU and XT and start showing support for SegWit as we need it to be activated a.s.a.p. Because as it is right now, this may eventually lead to the price dramatically going down, and we once again end up sitting far below the $1000 levels again.

It seems price slows down a bit and somehow stay at this range. $1010-$1020 .  Is this a new floor?  or just a breathing space to move upward again?  I wonder if there is another Bad Press release by PBOC soon  ;D  Would that have effect to push Bitcoin price down to where it was?  At sub $900  before this rally?

I think this ain't the new floor yet. It is just a breathing space to move upward again or downward. Maybe the bad press release by PBOC soon would affect to push bitcoin price down but there is a possibility that it will have no effect at all at least. It will dump if many of the Chinese holders sells some bitcoin after it but if it aint we will see it as stable as ever.

i think that also thats why i merely exchange frequently my btc to fiat since i can't trust the upper trend of the price for this moment, maybe this event is not going to last long and hope i am not right for my thoughs since i really want to see the price soar for more and hit the new record of highest price in history.

The price just keep on increasing and its not over yet but rather bitcoin is only starting to make its price go to highest price since the day it was born. 1500$? Definitely yes

It's supposed to be something extraordinary, not 100 bucks, not 500 bucks. For example, Satoshinin coins move, attack or something happens, a big stock market is hacked, blockchain serious attack or political events that affect all currencies, and so on. Things like that have to happen:)

With exploding on price again, current BTC price is pretty stable above 1000 usd, it is a good sign for bitcoin's future, the higher and the more stable bitcoin is, the more customers will like it, no one especially governments like the currency which are always fluctuating due to pump and dump.

The price movement now is just a self fulfiling prophecy. The people that bought earlier are buying a little more to gain more confidence in their own decisions and people that had sold earlier are just assured that it will grow by the price not falling. Thats how I see it.

There is that classical chartpattern called "bulltrap" which could be forming out just right now. I exspected that to happen some week earlier. Predictions aren't really easy to do, but if that (above) happens kust everybody will announce it's been "clear from the beginning" since it's pretty distinctive.

Something like this one?

http://s019.radikal.ru/i619/1702/25/ccb4de83b87d.jpg

But certain folks may heavily disagree with such an opinion. One dude (https://bitcointalk.org/index.php?action=profile;u=950450) even registered an alt account to reveal his (https://bitcointalk.org/index.php?topic=1765221.msg17695597#msg17695597) disagreement as well as overall disrespectful attitude (and I guess I know whose alt is this), though it should be obvious to anyone who "does not appear to actually be insane" that price can go any way. In fact, long-term it typically goes in the direction of inflicting most losses to most number of people (that's exactly why a bull-trap is a possibility if not a reality)

It might be a bulltrap. But it might just be holding inn a range till we find out in March the outcome of the Winklevoss ETF application. If it is denied the price will drop. If agreed, the price should shoot up.

Is it possible to rely on technical analysis yet? I have been a Forex trader for years sand there is an increased opinion that this is nothing but mere speculation and subjective considerations based on old techniques and indicators implemented 40 years ago. Multiple tests and analysis have rejected their reliability in all markets so I don't know why they should work well in this new altcoin market which is very, very different from traditional markets.

I read somewhere that Trump government will support different types of investment options, so most probably we can assume bitcoin etf will get approved. If these go this way, our next estimations would be on how much investments are going to get attracted toward bitcoin etf. That would definitely will break the range bound of bitcoin prices.

Looks like after that dip in the $1020's we're going to retest some higher levels. Not worried either way, cashing out a little bit on the way to the top really helps with my anxiety and FOMO lol  ;D

They would act insane if stiffling this FinTech sector just out of a whim! There's that cynic nagging voice talking inside my head pointing out that somebody merely has to mention "Satoshi actuall been a mexican" for this president to act just like he's always knee jerk reflexing on that.
Technology and racism are mutually exclusive. I'm german.

With the price increase happening with small fluctuations the growth is perfect. Right now due to the blocksize issue confirmation delay happening even after placing increased transaction fee. Bitcoin price might get impacted by the recent confirmation issues if its not rectified in a short.

This is what you are being fed by mass-media (most likely)

While in reality Trump may be a ruthless, cynical and selfish capitalist inside (read without any principles), and whatever he does (or says, for that matter) aims at making his position most solid in whatever terms its hardness can be measured. Today he lashes China and Mexicans like there's no tomorrow, but tomorrow they will be his best friends forever. Would you be surprised? Personally, I wouldn't, either

Price could be much more higher than current leveled if at last rally Chinese were not playing dirty game which caused the crash. I hope this time we will see slow but stable increase day after day. I am sure Bitcoin is going to be much more worthy because of several reason in world economy and politics issues in coming weeks and months.

This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.

It is not like every mined block is filled to the limit, there still significant fluctuation present.
It is not that 1 MB blocks are directly affecting slowness of the network we are experiencing.
The main culprits behind filled mempool are coordinated spam attacks.

It's not that the price has gone up dramatically where you can justify cashing out before the price starts tanking again. It's somewhat of a normal market movement that we are seeing now. It might very well go back down like $30 in the coming days, but is that really worth cashing out for? I don't think so. Better just keep holding to see where the price will be heading to. I am sure that most people don't want to risk selling coins for such an insigificant profit, where the result might be that they miss out when the price happens to increase further. But hey, if you think that selling is the best option, then go for it.

If the current trend continues we might see an another test to break the highest price in about a week. But this time the price seems to rise slower than in January, so it might slow down completely and stabilize around here. But of course it's just one opinion. In the crypto world anything is possible :D

Yeah only on today price has increased more than 20$. I hope we should find any price drops in the price bump. Still I do not know the reason for this price bump and how long it has been move forward.

Last time it also started to increase rapidly around 1050$, maybe histori repeats itself :D

BTW was there a particular reason for the price increse last time (that started in December?).

No big news has come to my radar worthy of saying it's a 'cause.' Maybe market manipulation? Or no, maybe the demands right now are just so high.

Well one driving factor is I think that the Chinese people are buying lot of BTC thue to the weakening of CNY.

That's right. After some short grow the price again seems frozen on one point, now it's 1020$. Honestly this price is totally satisfy me, so even in the case if it would stay the same I would continue to work for bitcoins.

$1020? Where do you see it that cheap?

I see almost $1050 at Stamp and Finex, over $1070 at OKCoin and almost $1060 at Bitcoinaverage.

Already at $1044.
So not long now until it reaches the Ath that we are all waiting for.

It was only $1034 when I woke up this morning so it is climbing fast once again. :)

I think a big dump/pump will happen probably after we know if SEC approve bitcoin ETF or not. anyway i'm holding, i'd already sold a few coins few days ago.  ;)

Once again, where?

When quoting Bitcoin prices, people should always state where. As my last post shows, it varies a lot from exchange to exchange.

This is why when I quote prices I usually specify Bitcoinaverage, because they do a volume-weighted average of virtually all exchanges worldwide, excluding the volumes of zero-fee exchanges.

Even quoting Preev, the poor man's Bitcoinaverage, is better than quoting any single exchange or not specifying any source.

It is rumored that SEC is not going to approve such ETFs any time soon

Another rumor that was just shared in the Btc-e troll box has it that a few dudes can't withdraw their coins from some Chinese exchanges (Huobi, more specifically). If it is really so (as it seems to be), we may be seeing just another heavy price manipulation by the Chinese manipulators before Bitcoin is going to plunge again, though how high and for how long it might be climbing cannot be said with any degree of certainty. But one thing can still be asserted though, namely, that the market always fools the majority of traders

There is less than 25% chance that SEC will approve Winklevoss exchange-traded fund, it is the same story all over again since mid 2013:
"it's too risky, bitcoin's price is to volatile, we have to protect investors, so we can't allow that ETF" - that is SEC official line of argumentation.
Still, we should be grateful for free promotion and news coverage this case brought.

But ain't it really so?

We should understand that many ETFs are used by the so-called passive investors (which may include, for example, pension (https://www.ft.com/content/fe593b1a-7262-11e0-96bf-00144feabdc0) funds), but I don't think many folks will be quite happy to find out that their savings were poured into Bitcoin. Let's remain realists, Bitcoin is still mostly a marginal asset, highly speculative and volatile. If Bitcoin ETFs are allowed it will likely cause another Bitcoin bubble to swell up, which will only make the price even more volatile (when it first swells and then pops)

Volatility will always remain an 'issue' in a free market as Bitcoin, but these ETF are probably (at this point) the only decent entry point for institutional investors as there is no way they will sign up at the current incompetent exchanges with all their flaws and hack drama. These investors need a serious platform that they can use to safely take a large position in Bitcoin if they so wish. That being said, due to the high level of government interference pension funds at this point can't jump into Bitcoin even though they want to do so themselves. But at least ETF's offer serious investors a secure way of entering Bitcoin, that's what I consider to be a major plus. Current exchanges need to be put offside.

DId you see what happen on the reason behind the rising price of bitcoin? Hmm im really curious about the big change on happening on bitcoin price its increasing rapidly bitcoin price now is really amazing i can't believed after i sold my bitcoin i tought that i will decrease but my speculation was failed lmao.

I don't particularly disagree with that

On the other hand, though, I don't see how Bitcoin ETFs would be much more reliable. They can in fact be more reliable due to government (SEC) regulation, which will likely prevent them from outright scamming (again, this is debatable), but we should not forget that Bitcoin remains the same Bitcoin even if it is operated by a regulated entity. Government regulation doesn't avert the devastating consequences of technical incompetence and lack of expertise in regard to, for example, security issues. In other words, bitcoins can still be stolen from these ETFs just like they get stolen from elsewhere

'Well, it is a common thing in bitcoin. Statistical very difficult to guess the price of a bitcoin, sometimes you feel it was going downhill, but turned it into a rose. Well, this time I did not know what caused the bitcoin prices rise, but I can only enjoy it for the moment.

We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.

Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.

Well, due to them being subject to heavy governmental supervision, where they have to comply with all kinds of strict policies/laws, it will be much more difficult compared to how things are being run on today's exchanges. It's literally a joke how easy it is for operators of current major exchanges to squander a few million $$ worth of coins without someone ever noticing. That being said, if I have a look at the Winklevoss ETF details, then it doesn't offer any insurance against whatever scenario. But that's more due to the fact that insurers are lacking knowledge on how to insure digital assets properly. End result, you're right, theft will still be an when it comes to Bitcoin related ETF's.

well, actually, bitcoin prices rose to $ 1,053 back. I really believe that this time, the price of bitcoin will be stabilized at the price of $ 1,000. I hope that this will happen in a long time. well, maybe a bitcoin prices will keep rising slowly like this until the end of the month of February 2017.

Can't believe we're almost recovered from the last price hike... This is an amazing thing to see with the next level of online development being in front of our eyes.

I suspect the value to be near ~10,000 in a couple decades.

Expect these sort of price crashes when some news pops out of China that Chinese authorities will be meeting with exchanges and even a news like that would create panic in the price of bitcoin and hope we wont see a crash and these sort of volatile nature really scares anyone who is invested in bitcoin.

It is terrible to see this great concern for the Chinese influence in the bitcoin price. I really hate this. I am a western man, so I dislike to be permanently reading and watching what are Chinese thinking or opining about bitcoin. Actually I think this a myth, and I am sure there is bitcoin after China.

No doubt there is Bitcoin after China. But since BTC is such a small currency in the grand scheme of things, it can be heavily swayed by a single party with deep pockets. With that being said, we did break $1000 once again so that's definitely a good sign.

I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.

"The reports of my death are greatly exaggerated"

I'd say this is not a myth but rather manipulation aimed at shaking out bitcoins from the weak hands. It somewhat worked out in the beginning of this year when the price momentarily crashed down to 750 dollars per coin, but it fell flat now even despite the event itself (i.e. disabling Bitcoin withdrawals from major Chinese exchanges) which should have produced more pronounced (if not outright devastating) effect. It seems like folks really got tired of all these games and just buy Bitcoin whenever its price starts to decline


I haven't heard anything about that. It is rumored that the decision should be taken in March

so many reports about it, but in the end it's all just speculation misses. for now, bitcoin prices are really high, but I also felt that this would be even higher. for now, the price of bitcoin is being stabilized, perhaps due to caused by a lot of people who hold their bitcoin. I believe, bitcoin prices will go up quickly, when they make a transaction, or investment in large numbers again.

Bitcoin value is stablized around 1000$ and more now. I think this would the base value for this year and we might see some bumps and dumps in the market. I hope it should move to more than 1500$ before this year ends.

Price is in a stabilized manner, even after deep fall the price crossed $1000 once again in a very short time. This time the price could go further to $1500 or even more, but we need to wait long. At least till the year end we need to hold on patiently. We might reach $1200 soon.

I think the ATH in 2013 around $1200, the latest all-time high was set on 17 November 2013 at US$1,216.73 on the Mt. Gox exchange and bitcoin reached another all-time high of US$1,139.9 on 4 January 2017. Source : wikipedia.
Winklevoss bitcoin ETF will get approval on March 11th, SEC has been delaying to make a decision since few years ago, what a long way to wait for them. But, the decision will affect bitcoin environment for sure as US Securities and Exchange Commission (SEC) is aimed to providing a means for investors to gain exposure to bitcoin without actually having to buy the digital currency. http://www.coindesk.com/winklevoss-bitcoin-etf-100-million/

The ETF comes in a wrong moment because at the moment bitcoin's china problems are causing too much attention on the negative. Investors care about that. Especially when it involves a country like china, which is key for bitcoin. If that problem goes away i seen no reason as to why the old ATH will be passed.

Yes absolutely the price is climbing fast again, and it shows minimal drop of its price as the time is passing by more users are always waiting to the price that will spikes higher again. As I had observe last month up to present there were significant movement, that could be profitable along the ways of its price is fast climbing up which is very good news to all investors of bitcoin.

where do you see fast rise?
this topic is a bit old and by that time price was moving a little bit faster than normal right now price is super slow and it mostly seems stuck at a fixed price of $995-$1005 and going up and down around this price is not called fast rise in my books!

The price has been "stuck" only for 2 days at most

Even in Bitcoin terms this is nowhere near to being stuck. But the rule of thumb is that the longer the price stays at some level the stronger will be the next movement, either up or down. If you are impatient and can't wait out the calm, you are most likely set to lose in the storm that comes after the calm. As the trading proverb goes, bulls make money, bears make money, pigs get slaughtered

We noticed it all sort of it will goes up then eventually it goes down sort of some of it is manipulating but now it stay up but yesterday it drops. Well nothing we could say as traders we should take this time a advantage to buy or sell our coin to earn profits so good luck to us :D

Yes, a little bit up and down, usual fluctuations of bitcoin in every day. As long as it stay at $1000 level, it's okay, I love to see it.
I guess, investors still waiting for fixed problem of government regulations regarding bitcoin exchanges and winklevoss ETF.
Daily traders can't get many profits if the price stable at this point, within $900-$1010.

A $100 range is a HUGE margin, especially with leveraged trading. There's definitely profit to be  be made wh day trading.

Dont be exagerrated, its a normal scenario that happens to bitcoin. If bitcoin climbing up so fast then the next thing  will be the same but on opposite direction or vice versa. But im hoping and believing in bitcoins true power.

It is not always like what you are telling right now the movement of the bitcoin rise is true so going lower is very less and it is sustaining the higher price their is only slow movement which is good for bitcoin

The price climbing fast again because the demand also gaining its good reputation on digital crypto currency and it has bring a good impact to us who are gaining good profit with bitcoin. Most people with no btc holdings were waiting for another price drop so that they may earn profit if ever the price drops down, and then soars higher again for profit gains for the future.

They are obviously trying to push the price down below $1000 but bull pressure is too strong. Once TPTB whales run out of money the natural bull pressure will surge and we will be at a new ATH in no time. $1000 floor is now confirmed.

I find it still too early to come to that conclusion, but it's obvious that people are getting used more and more to the price hovering around current levels. Right now it's waiting for the price to rush further, where only another PBOC announcement has the ability to make the price fall back to current levels. I am fairly sure that the PBOC is quite disappointed in the price not having gone down further, as their announcements are solely meant to hold back Bitcoin's price growth. It's no coincidence that they show up everytime the price reaches higher and higher.

It is really a positive sign to see the price of bitcoin hovering over $1000 even with the news coming out of China and this is the second time this year the price is recovering even thought they wanted the price to take a hit so that they could make more money out of it.Market manipulation is done by the Chinese and i really do think it is a collective effort to make some huge amount of profits.

Ya it is true that now other country are also supporting Bitcoin and china is no more controlling the bitcoin price manipulation, and even the supporters of bitcoin are very strong and on every dump they are taking it opportunity to buy and maintaining the price to bull run

This is what many of us think

But obviously this is not necessarily so. In fact, the PBoC may have a radically different agenda, we don't know that for sure. Nevertheless, if it is really so, this example shows how weak national authorities actually are (and how strong Bitcoin is). What the central bank of China does (did) is not very far from banning Bitcoin exchanges directly, but this doesn't affect Bitcoin in a significant degree (after they ultimately failed at their first attempt). It would have worked with fiat (over which central banks have full control) but it seems that it won't work with Bitcoin

Sure now we have drop again and after some little more drop price will go again over 1000 and it will recover in next period like its always did. We will see how much time will need to recover like always or it will be little longer.

PBOC oficially declared policy behind the "talks" with the exchanges is money laundering prevention
if they really wanted to drive the price down,they would issue some sort of a draconian law and limit the usage
sometimes we try to find a black cat in a dark room when it is not even there....

While I certainly agree that it is unlikely that PBoC announcement has anything to do with Bitcoin price, but, on the other hand, Bitcoin has been actively traded for more than 5 years already (e.g. btc-e exchange is over 5 years old), so why did they decide to start hard-line fighting with "money laundering" only now? Chinese exchanges were reporting huge volumes since the price had started to rise in early September, 2015

Would they have done the same if Bitcoin were still hanging around its per-December levels?

I am more inclined to think that PBOC is much more concerned about the capital flow and money laundering
through pyramid schemes (chinese reincarnation of MMM ponzi anyone?) than bitcoin price or bitcoin in general
it coincides with bitcoin price fluctuation,true
it also coincides with unprecendented yuan devaluation and many other global market events

Well, that's what I think explains most coherently their recent actions

Disabling Bitcoin deposits and withdrawals (as well as other cryptocurrencies) fits their policy best. This is a clear signal from the Chinese authorities that they won't bear the competition with the Yuan. I don't think the US dollar is very widespread across China, anyway, they can still control (and restrain if necessary) such payments unless cash is involved. But Bitcoin is obviously beyond their control and it allows cashless transactions which they can't even trace. Would these actions stop Bitcoin adoption in China if the official currency of this country continues to get devalued further?

Well, I see that the current price of bitcoin back stable, and does not rise rapidly. I think this is a normal thing. I feel that soon the price of bitcoin will rise rapidly again, and this time may be an opportunity for us, in order to buy bitcoin in significant amounts.

I'm pretty calm now seeing the price to be back and stable moving at $900-$1,000 seems to be a relief to me. I don't want to see the price of bitcoin increase rapidly, we know the opposite thing that it can happen back. If it climbs again faster that will make me another heartache and some kind of fear of what it can happen after it climbed.

I agree with you, I think is better that the price stays stable for a while. We see with the China regulation and the 0% fee on the trading exchange the price pump, and then decrease suddenly.

Sorry, but they just want you to believe that anti money laundering is the reason for them taking actions, and apparently, it seems to work. Right now it's anti money laundering they use as excuse, what's next? Prevention of possible financing of terrorism? Anti money laundering policies could have been put to work years ago. Bitcoin back then and Bitcoin right now are still the exact same tool with the same functionalities. It's a well thought out action that they come up with it right now.

It seems that financing of terrorism is one of the reasons from either the new circular the BSP (Philippines bank) or the new Japanese regulation cited, so yes, it is. While Bitcoin technically (not even that, there's been so much development in it) is the same, the audience using it isn't. Back then they could get away with not worrying about it as so little people knew, but it only seems now they are realizing more and more people are using it daily. Honestly, regardless of the reason for regulation, it was bound to happen at one point or another. It's just part of the growing pains, and if we want Bitcoin to be more accepted and legitimized in the eyes of businesses and investors, this is a good thing.

We don't have a clue on what will happen for the next days and so far upon seeing the price it's quite relaxing that it is on this price. However, we must be ready all the time on whatever happens to bitcoin for the next days.

Yes, it's not really "climbing fast", but rather it's more of a steady rise. I just hope that the current price doesn't deter new users to adopt bitcoin. I'm really looking forward to what this year has in store for bitcoin.

Let's be optimistic with it the movement of bitcoins price is also a good feeling to all of us. Well we really don't know what will this ' price climbing ' of bitcoin will be on express or slow. I wish that its current price will remain for so many years and it can lead to become higher when it comes to floor price.

The price has begun to climb forward after a short term resistance gain around the price $1010. Today it has reached $1022, if it moves forward it might soon break the $1050 barrier. Every user need to be active that the current price increase can lead to a price drop anytime as well.

$1050 barrier broken. We might retest the levels at $1080 that we saw if this keeps up. With only three weeks until ETF decision is made, this looks to me like classic hype bubbling up/accumulation.

Right now we can't see price climbing up fast since it is stable now. If china PBOC investigation finishes in my opinion we will,see yet another crazy pump and dump but not as big as ever since Chinese exchanges after that might be regulated and manipulating bitcoin's price will have some limits tor them. Well let's just hope the next top one in volume in terms of bitcoin will not try to manipulate price.

The attributes of Bitcoin are as attractive as they are not easy to pass up. They have predisposed its price to be overall in uptrend, once in a while, one or two fetters would show up and pull it down, but it already have people's goodwill going for it and sooner than later the price shores up again, that is it! $1000 per Bitcoin is now a conquered territory, $2000 in view, thank you Satoshi!

It is called a consolidation phase

And it seems like we will no longer see prices substantially below 1,000 dollars per coin unless something dramatic happens (like major exchange hack). Personally, I removed the bulk of my buy orders roughly below 900 dollars and moved the funds into other ventures since I don't expect the price to go down below that level in a matter of days (as it happened in January). Though this doesn't of course mean that the price couldn't plunge lower, but it will certainly take some time, and in that case I will just go into buying Bitcoin again

Preev.com price watch-And we have a temporary setback as bitcoin price falls $3 below the $1050 barrier , looking forward to getting back up.

Yup. CMC showing around $1047 right now. It seems to me that price always goes up right before I get paid though. :(

It's still holding as of the moment. I really hope this becomes the new floor because if a new bubble starts from here, the sky is the limit.  :)

Price was stable for some time and dont see anything that it will impact for price to go high, at least not at the moment.
Yes we have price to go down and comes back up but this is still normal dont expect to see anything in following week or two, no major event that will trigger price change, but it dont need to be that price wont go up. Just for me at the moment i dont see some indicators for that.

Yeah the price is climbing again and it shows good signs that it may climb again to its peak price every week. The reasons behind this is the demand of bitcoin that rises high and people are getting more involved with. Opportunity is always been striking all the time when the traders sells their stock and find comfort of their earned profit, which they could hold for another price spikes.

no major event? in just over 2 weeks we will see whether or not the etf from the winkies will get approved. i consider this to be a huge event that might boost the price over the current all time high within 2 months. that's why i keep holding my coins firmly to see where the price is heading to next month. if it doesn't get approved, then prepare for a deep and solid dump.

i don't agree on both cases :)
if it is approved, that will only create some FOMO situation in the market and temporarily cause a jump that i don't think is going to be big, although we may finally see stable price above $1100 after the FOMO ended and correction happened.

and if it is not approved, again nothing is going to change, there will be PANIC selling temporarily causing some drops and again we will be back to where we started. and again we may see whales accumulate more in the prices and price may go above $1100 again and get stable there.

Worst case scenario is that when the panic sells get momentum. Weak hands begets other weak hands. It can crash the price down in hours.

Obviously, this is no longer the case

We had seen the price crash to 750 dollars per coin, and so what? Those who were lucky to buy bitcoins anywhere below 800 dollars profited tremendously just a few weeks later. Last time the price went down only to a little below 950 dollars, and I guess the next time it will hardly plunge below 1,000 dollars mark. In short, there are no more weak hands left. Unless we witness some devastating event (I don't really know what it could be), any price decline will be considered as the opportunity to buy "cheap" bitcoins

soon bitcoin prices will actually reach $ 1,100. Well, this is an increase faster than in previous years. I believe that this will not stop here. bitcoin probably will reach a price of $ 1500, and then stabilized in a few months

Reaching 1500 is achievable for this year cuz year started we will finish February soon and we made progress in price, moving forward, in the end we all want that. Dont expect to see price goes down so much but this price you mentioned expect to see any time this year.

After seeing current rapid progress of bitcoin prices, I am expecting $2000 levels in very short term itself. I believe $1500 will be possible before end of March 2017 itself. Market volume witness enough investors even China got regulated heavily. With exponential price movements possibilities, I am very much sure fast climbing again about to happen.

Price increase rally already building the hype now on bitcoin which most bitcoin users are hoping on reaching on $2k price but on my own view its really high to consider since im just expecting on reaching out 1.4 on this year who knows if bitcoin would go over that point.

The max price (aka ATH) is indeed important

But we shouldn't evidently forget about consistency. Long-term it may be even more important for Bitcoin that first maxing out and then plunging twice in price. Really, if the price spikes to 2,000 dollars per coin and then collapses to 500 dollars (this is an unlikely event but still not completely impossible), what will be the net effect of that huge price swing? As to me, if Bitcoin continues to rise slowly but surely with minor corrections, that will be a much better course of events

Today price made a new high of $1,111.76, presently it is at $1,100.13 at Coindesk. I gladly sold some bit of my coins just to take some profit and hopefully will buy more after a retracement and a signal to buy shows up.

Something very outstanding and going for Bitcoin is the fact that it is beyond the control of any government and so when any government tries to impose itself on it, we're seeing Bitcoin taking the hit and bouncing back in a short while. That is the exact scenario now playing out after the jolt in January, by the PBoC and for that, significant volume of trade have had to leave China for Japan. More or less like demonstrating Le Chatelier's principle holds true not only in Chemistry, but also in FinTech.
 

Prices raising fast and furious in spite of the PBOC speed bump and this might be attributed to investor confidence ahead of the Winklevoss Bitcoin ETF. Looking forward to going over  $2k.

We can only hope. I'd be fine with over $1200 honestly. That will mean new ATH for some, and little past that will be a definitive new ATH. Once we start hitting new ATH's, it'll be just a matter of time until we come back down, so I'm going to start liquidating past $1200 or $1300 I think. 

We have yet to see that

If this principle stands when Trump outright bans Bitcoin in his fight with terrorism and terrorism financing as some folks are expecting him to do in the possible future. As to me, that would be an ultimate test for Bitcoin resilience to external stress (only universal banning of Bitcoin through the Security Council of the UN would likely be above that). So far Bitcoin has been withstanding such impacts pretty well, but I have always been saying that if Bitcoin is set to die it will be due to internal factors, not through external influence

I hope we will see 1200 dollar but it may be that we will not go above 1200 dollar. All is in the hands of the bitcoin ETF.
I read on coinbase.com that it even might that the price we see now is with a succesful ETF included.

It sure doesn't look like it will slowing up anytime soon.
It has infact been holding well for the last 24 hours and I am quite surprised in this when I woke up a while ago.
Because as we seen from last time this happened when it reached above $1100, it immediately slide back down, hard!
All the way down to $752 as another poster said above regarding that episode 3 weeks ago.

I don't see Donald Trump banning Bitcoin because that would not support the greater America he has in mind. Guess he understands what China stands to benefit in a situation like that. Having Bitcoin supporters in his cabinet is another pointer, he might not be quite vocal about a ban on Bitcoin.

A recent news however about a 10% increase in budget for defense is indirectly a wind behind the sail of Bitcoin, because those $54 billion dollars are going to come from thin air and then worsen the inflation dilemma the dollar is already having and then the race to Bitcoin as save haven would simply continue.

it could be anything, it could be a few whales selling their bitcoins at the same time what would cause a massive panic dump by the ordinary people and the price would go down again to like 800 - 900 dollars per coin, bitcoin price is volatile and you don't need a lot of efforts to make it drop or grow at a rapid pace.

bitcoin is not going to reach 2000 dollars per coin any time soon get over it, the price would need to nearly double what is achievable in a few years only from now on when adoption is so big.

it is still holding not for a really long time and I wouldn't be too confident that it is going to be over 1000 dollars for at least a month, I mean it looks for me like it is just another pump that will make the price drop in a few weeks.

Not if there is a strong hype coming around.  But I do agree whales can create a panic by attacking the minds of holders, capitalizing on the bad press and spreading FUD about bitcoin and an act of fake dump which can trigger weaker hands to sell due to panic.


At this point there is a bigger chance for Bitcoin to reach $2000 at earlier stage if ever ETF is approved.  Think of the big funds coming in and the add on invester that will be influenced on that event.

Again, that remains to be seen

Trump has also said he is going to constrain as well as eventually diminish the US national debt, and he bragged just about that after a month of being the US president when the debt declined somewhat. Since the US budget deficit has been mostly financed via debt during the last years, a 10% increase in military spending basically means a cutdown in other expenditures (e.g. Social Security) if Donald is really going to curtail debt. But less debt means less dollars (i.e. higher value)

 What's the case here, are you saying is involves in the price bump of bitcoin. I thought it may happened because of the adoption is moving more to bitcoin. Then demand is going more bitcoin nowadays. Clarify the information.

What is not clear in my post?

The poster I replied to meant to say that Trump is going to increase military expenses. If other budget expenditures remain the same and there are no additional sources of income (e.g. from taxes raised), the only way to finance these new expenses would be through printing new money (i.e. increasing debt). That basically means devaluation of the US dollar and Bitcoin growth (since people would pour their money from dollars into Bitcoin). But Trump said that he is going to bring down the US national debt, so the only way to finance war is through cutting down on other expenses (e.g. social expenditures)

in preev, the current price of bitcoin really reach $ 1,200 price. I think this is a good start to the month of March. Well, let's hope that when the end of the month will end with bitcoin prices reached $ 1,300. may rise to $ 100 on each month is a very fast rise.

Man, I believe we are headed up for good now after this many years.  I picked up another 1 BTC just now and it was a bit painful buying at the $1200 level but felt great still as well securing another full coin ultimately "early" still overall.

The price is on the strong way up for a loner time now, the demand is big so for Bitcoin owners situation looks good. 1200$ is crossed and it seems this is not the top, price keeps going up. Excellent situation for Bitcoins holders. Some smaller correction/dump is logical to expect but not bigger price falls are on horizont.

I don't think we will be able to see such a growth in march we saw in February maybe we can expect a decrease also in march or maybe an increase of 20-30$. This is just speculations I think the best thing we can do is just wait and watch

And we could expect the price might go down even before the final decision is announced just like it happened with the halving hype which reached its peak a few weeks before actual halving took place. And in the case of July halving the event could be expected with 99.9% certainty. But this certainty still didn't stave off the price crashing from its many years' highs of around 780 dollars per coin down to lower 600s. Though it is not quite clear how much of today's price is really due to hype connected with the pending ETF approval (or disapproval, for that matter). If there is not much such hype, then the price might not decline heavily or not decline at all

Like it happened after the Chinese authorities had "banned" Bitcoin in China

So do you want to sell now and buy later?

I think the big whales would not speculate. They already have the coins and would only buy more when they are sure about something. So I don't think they are involved in the price increase.
And the big number of small investors, maybe they even wait to buy when the price is at an all time high (especially when there is an uncertain decision coming).
I suppose bitcoin has increased its popularity, so the price we see could be a result of real demand for bitcoin as a payment.
After the etf decision, no matter how it will go, I don't see the price go much down at the moment. Upwards everything is possible.

Can this price high be the issue with bter allowing users to withdrawal 10BTC or ETF. We witness for first time that 1 bitcoin is worth more the 1 ounce of gold (real gold). Are we gonna brake 1300 for this weekend or even today if it is possible (i truly believe it is), if so will price then drop or not.

It wont drop passed 1.2 now for anything more than 24 hours.  Still think steady climb vs mad break out over next month.

You likely meant to say that they are postponing buying bitcoins while the price is all time highs (i.e. not going to buy right now). Other than that, we don't know if all whales don't speculate. Some of them (at least, some of those who pretended to be whales) confessed here that they are in for a very long term, basically, till Bitcoin gets worldwide traction and is accepted as a genuine and full-fledged means of payment and exchange (and then they become new super rich and wealthy technoelite). Personally, I think some of whales should necessarily cash out from time to time for a whole host of reasons

Urgently needing cash being one of them and definitely most common

I just want to sell in near of 11 march and it's mean still there are lot of the days will come. and In my believe if it will become my best decision to sell them, on the top of the charts.

It is true that gold has broken the price of gold mainly because the price of gold has dropped down in the past few weeks but the fun fact is that bitcoin has a much lower market cap than gold and it is really hear to coin bitcoin and gold in the same page.Hope the movement continues and break new records.

I hope to bitcoin touch 1300 dollars immediately and continue to climb up, because if I look around price of bitcoin about 1270+  today.
If we look at the movement of fluctuations Bitcoin looks very nice, relatively rise in near time.
*correct me if i wrong

At the moment it is difficult to know where this will stop. In 2013, almost no one expected the price to exceed the $ 1200 mark. But I would prefer that from now the currency has a more steady rise in the market, so that the dump that occurred after the 2013 year will not occur.

There is also some good press concerning Bitcoin since the price for 1 Bitcoin has surpassed the price of one ounce of gold. That could be helping the price continue to rise.

That helps Bitcoin to be on trend news for now. Many investors are watching Bitcoin progress now to see if it's time to buy more (a lot), to hold. And saying investors I mean not only the Bitcoin investors, but those who never bought the currency and may start buying now. And surely, with more investors and more adoption the price can increase more.

very happy to see the price of bitcoin today, because kindness is so fast. Well, I always check your bitcoin prices, because it was so good to see it go up. it makes me become more enthusiastic in looking for bitcoin. who knows what makes prices like this, but, this is really a good thing.

the price is increase so far although there is down price for a moment but if we take a look in trends, maybe the price will be increase more and if the ETF is approved then maybe there will be a big pumps and dumps that will happen in the market and i think it will make many buy order and sell orders, only people which have big budgets will be stay and make profits.

i don't think so, by how fast the climb was when we reached the last bottom of $700 due to panic dumping caused from chinese, i can confidently sayign that $1000 is the new bottom

at worst you are loooking at $300 dump or less, it will recover as a fast after the EFT thing, and btw this increase is not all about EFT

you think that japan really care about EFT when they are building their own exchange there? and japan is holding the highest volume now in bitcoin market...

I agree that the actual run is not just about an ETF getting approved or not. There are factors which play a role as well.
For instance the delayed halving effect! Don't underestimate that!
I also believe that the dump after a ETF decline will only be short termed. I know a lot of guys who try to anticipate that scenario and placed several orders in the $800-$900 range! So imo we will bounce back up to 1000 pretty quick.

In terms of Japan I believe all their exchanges are offering zero fee trading at the moment. Therefore their stats and data can not be really taken seriously at the moment.

Yeah, talks have been going on in press and news portals about the price surpassing gold value. Based upon the move bitcoin is keep going faster and faster than the expected time period. Possibly this time the price seems to rise enormously depending on ETF.

As to me, we can't know that for certain

Indeed, the effect of the halving has certainly contributed greatly to current price rise, but we also should keep in mind that prices started to rise long before the actual event. Basically, any equation has two sides, and in this equation one side is supply and the other demand. Supply may have diminished, but these prices might still be mostly due to demand expansion rather than supply squeeze. If so, this demand may turn at some point into supply when folks start fixing profits and then we should go down to a level determined by real supply contraction caused by the July halving

It sems to me that we currently wait for the ETF @ 11/3 (13/3) and till that date people will keep on buying (I do that).
A few days before you may see the price go back down again, because people (me too) will start selling off in small batches.

it is anticipated date of each person. because there will be a change that was fantastic of bitcoin prices. very high ascending or descending very quickly.

That's correct. The price will continue to go up or trade in 1.2k range until the launch and then it will depend on the news. If the ETF doesn't experience any setbacks it will go up again and if it does we'll have a panic sell. Whatever happens I think the price will stay above $1k or drop slightly below just to come back in a few days.

I think the 11th is the final day to take a decision on your gamble. Do you want to sell or do you want to hold? you must be quick and decide.

But don't forget that insider trading is possible, so we may see big pockets taking decisions before we do, which means we are fucked if we are on the wrong side.

It is not yet clear what current price spike has to do to with ETF approval and how much

It kinda looks like folks are searching for a plausible explanation behind the current rally, and the ETF question comes in handy, though I don't think it has much to do with the prices today. I guess no one seriously expects the ETF proposal to be actually approved. I remember when the price had been surging before the July halving but that event was carved in stone, so the hype was quite justified. The bottom line is that if the Bitcoin ETF doesn't get approved, we shouldn't really expect the price to fall dramatically. On the other hand, if it does get approved against all odds, that might give a tremendous boost to prices (in the future)

Opinion on approving ETF are divided some think its good other that is bad and it should not be approved. Many speculate that this will be downfall and to be honest i dont have opinion on this, will it be good or bad, Im more for let remain as it is for now.

For price change it might be with the fact that in China they again hold withdrawal for users. Dunno what they are doing but this is becoming really pain for users there. Read even that they are so scared that price will go down with this ETF approval that they want to cash out and invest after this.

We cannot blame others to be scared since we cannot truly determine if ETF will be good to bitcoin or not since we surely doesn't know on what will happen to bitcoins if the said event will be accepted, but as of now we can see that afraid thinkers are spreading since bitcoins price at this time is collapsing and its already at its downfall state but I believe that its only temporary and surely will rise soon.

and I think china force cannot do anything to the bitcoins prices since I think mass adoption will hold the price and surely Chinese young guns will get a hard time to manipulate nor dominate the bitcoin scene.

exactly! with or without etf value of bitcoin will move positively, we can't force those weak holders to stay calm and just hold while big whales are enjoying with their earnings, we should continue believing that bitcoin progress will gather more end users and it will make the value to keep moving up just give enough time and see the success.

I'm really curious why some may consider this ETF as bad or even evil

In fact, I didn't meet such an opinion myself. Typically, people are quite positive toward Bitcoin ETF, and there is no lack in explaining why it is so, e.g. it will lead to price rise since many new people (and likely big institutional investors) may get interested in Bitcoin via this ETF. But I can't even come up with a single valid argument as to why it could be bad. People may indeed lose their money in the end if Bitcoin eventually crashes but that's market after all, and no one is guaranteed from losses (they can lose their hard-earned dough elsewhere)