$5000-$7000 is too high for now. I am already happy if we can see a new ATH next year, and hopefully we stay above $1000 for a long time. There is a long way to go, but all signs look more than good. Bitfinex reached another high of $464.99 just now.

Currently with all the high volumes Gemini is standing at 3000BTC volume which might be low according to some people, but for an exchange that has just started, it's decent. Especially if you consider they only let US custommers use their platform, for now.

A few days later I also realize that $500 is not that unlikely anymore for this year, it even might reach $500 within November. This just shows how unpredictable Bitcoin is. We can only make a rough guess beforehand, and that's all.

I know all these Chinese volumes are fake. That's why I consider them to be 8-10 times lower than what they show in normal volume days. Currently with other exchanges also having high volumes, I consider Chinese exchanges to now are 2-4 times lower. All this is regarding Huobi and OKCoin.

There are similarities. The only thing is that we don't know where this will go. On top of that is that we will see the block rewards being halved which might drive the price to a new ATH next year. Not sure if we'll reach it before the halving or after the halving, but it's nearly certain we'll reach it if we continue going up this hard.

It depends on whether the service that is willing to promote itself through signature campaigns is considering 1BTC to be worth 1BTC and not 1BTC to be worth $430. But even then, I do expect them to at least reduce pay rates by a maximum of 50% if the price is going near $800 or higher.

If there is another "Willy" bot active, then it is definitely operating within the exchanges Huobi and OKCoin. Just look at their 24H volumes. Huobi 1,100,000BTC where OKCoin is having 750,000BTC worth of volume. You would expect the price to take a few steps back and relax around a certain price level for a few weeks, but no, this train doesn't know when to stop, which I don't mind of course, but as we all know, everything that goes up HARD, may come down HARD at some point.

Your words are marked.

I hope you are right. Currently everything can happen in this market where people go nuts in order to get themself a few coins at these price levels. As I said yesterday, every time I wake up I see the price went up significantly Let's see if China can break through the 3000CNY price level. If they manage to do so, I can see them peak at 3200-3500CNY for the day.

What's next? Will they soon ban the US Dollar if kidnappers want the ransom to be paid solely cash in USD bills? This just shows their stupidity, that's all.

The people who were too affraid to buy when it was below $300 are now probably smashing their heads against the wall. Holders are happy. Every day you wake up and see your coins are getting worth more day by day. That's a nice start of the day, isn't it?  

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

Not really. It can have various reasons. Just make sure you have bought your coins before the rally started, so you can enjoy seeing the value of your coins go up.


With Huobi and OKCoin everything is possible. Both exchanges went over $400 today. I wonder where they will settle at. My guess is in the range of $400-$450 perhaps to stay there for a few weeks.

It could be very possible to break through the $400 price level this week, but I find the price is going up a bit too fast. If it was 3 months before the halving, I could understand the pace, but we're still 9 months away from the halving.

It surely is worth to hold your coins. Look at when people were complaining about the price that was not moving when it was around $240. People had plenty of time to buy coins. Those who haven't done so, and still haven't bought below $300 are probably angry right now.

I sold a part of my coins that I have for trading purposes at $365 to take profits. I am quite satisfied as the coins I sold were bought for an average price of $200-$220. I will buy back some coins if the price goes down the comming days, if not, then I am happy seeing my other coins gain value It's a win win for me.

$700 is hundreds of miles away. I am targeting the $400 level for this month to be the high of the year 2015. In 2016 we can advance further, but this year we definitely won't see $700. After the block halving it is possible, but not now.

If you are a short term trader then I wouldn't buy right now. If you plan to hold your coins for a very long time, then yes, current price is a good buy.

Even if the buyer of the auctioned coins dump the coins at once, people will still buy the price up to over $300. There are a lot people waiting for another opportunity to buy below $300. I am fairly sure the coins won't get dumped right now. If they will get dumped, then surely after the halving as the price then will be much higher than now.

Patience is good, but don't wait too long with buying. If you believe in Bitcoin's future, then right now is a good buying moment. Don't panic if the price goes down, just hold and you'll be fine. We might see $400 this year if we continue going up as last days.

What Chinese did say the next target will be 4000CNY ?? The first logical step is to break through the 3000CNY barrier first before having a fantasy over anything above that. This month promises to be a very interesting one with huge loads of volume and good day trading opportunities. Since exchanges as Bitstamp and Bitfinex aren't following China as they used to do, it doesn't matter if Huobi reaches $400. Other exchanges will stay below that. China has to reach at least $430-$450 in order to make stamp and finex reach $400.