well said. it's either 'yes' or 'no'. but if you only look at the long term, then it's just a matter of time before we reach the $800 level.

that's something only the whales behind the eth pump knows. a lot people thought the price would peak at 0.01btc and then go down again, but it went up even higher than that. then people were saying it won't go above 0.02btc, and it still happened. and look where the price is now, it's over 0.03btc and might get pumped even higher.

most of the bitcoins are being traded for ethereum? don't think so. ethereum is being pumped with the same amount of bitcoins since the very beginning. the higher the price is, the more bitcoins are showing up in the buy side of the order book. these coins were already in the pockets of the guys behind the pump. the only difference is that these whales are seeing their coin count increase each day due to greedy people buying into the peak making the whales even richer.

in the few years i have been into bitcoin i have learned one thing that is important to know; a "low" price can always go lower. never think we will not see the price go below a certain price level.

it will definitely happen before the block halving. if it isn't from genuine growth, then it will be the speculation part that will take the price to $500 and maybe even higher before the block halving. i expect a small rally to take place a few weeks before the halving is being completed. we just need to have a little bit more patience. of course all this is just speculation, the price may also go down significantly in the runup to the halving, but i don't think this will happen.

normal well behaving people that use bitcoin will end up in prison for using bitcoin, yeah right. this looks like a very early april fools joke from the russian ministry.

people here can only make rough guesses unless they are a market mover. at this point i wouldn't want to risk selling my coins and seeing the price go up just because i wanted to make a few bucks profit. it will keep bouncing between $380-$420 as talks_cheep also said. i only don't agree with him saying the price will go to sub $300 prices after the block halving.

that's quite a dramatic scenario, but indeed, to "kill" bitcoin you only need to shut down all the power in the world or the internet. that's how you really get rid of bitcoin. glad it will never happen, so we don't have to worry about that.

what you say doesn't make a lot sense. actually, (my non biased point of view) i find bitcoin to work equally as good as paypal when it comes to online shopping. paypal is definitely not better. only paypal is offering the buyer great support when it comes to charging back their money. it leaves the sellers with a loss as they most likely will never get the sold product back. with paypal there is always a chance that your balance gets freezed for no reason. it happened to a lot people before and will continue to happen. bitcoin is a great tool to be used as a currency, investment, store of wealth and so on.

even now we are advancing to the $420 levels, the support for $400 is still very weak. right now the price is $421 but it only takes around 765btc to dump the price to $405, and after that bots and traders will pull back their buy orders. then it's just a matter of another of 500-1000btc to get the price below $400 again. so, the $400 level is definitely not the floor.

indeed, no matter how high the bitcoin price is, whales/early adopters can change that within a few minutes. the higher the price is, the weaker the support gets. for example: right now if you support the price with a $1,000,000 buy order, which translates into around 2380btc, it will be a decent, but not very strong support. if the price is $2000, then the $1,000,000 buy order translates into 500btc, which can be sold through in a second. whales that keep holding their coins will end up getting even more control over the price than they have now.

back then it was mtgox creating the huge loads of volumes and the insane all time high peak. i hope it won't happen like that again. it's nice to have a high peak where a lot people can profit from, but it's only a matter of time before that peak vanishes into thin air. i want a durable growth. let it take a few extra years to reach a new high, no problem. slow and stable growth is what i am hoping for.

as i said earlier and you too. the price is just a few bucks away from going below $400. how can you say that it won't go below $400 again? a whale can take us there with a single dump.

rookie people don't look at that. they just yolo buy 0.2btc and dream about the price reaching the $1000 level and higher. they don't understand that it takes time and a lot demand to come even close to $1000. you said it well. there is no need to think in prices of $1000 and higher while we can't even break through $500. and even if we break through $500, then still that price can't be maintained for long at the beginning. common sense is what a lot people here are lacking.

well, btcchina has hosted 100 (maybe even more) core nodes on the amazon platform. their plan was to make sure the network keeps staying "decentralized" with their nodes. it justs shows that all sides are using a certain platform to host plenty of nodes.

bitcoin is indeed the same as fiat in terms of being usable to buy drugs or to scam people. however, the media only point their dirty finger at bitcoin when some bad news pops up. bitcoin receives all the blame while nothing in the world can describe how many bad things people do with their fiat money. but that's not something you hear them talking about. it's only bitcoin that is being talked about negatively by the media. it's a shame.

higher adoption rate is nice, but won't translate directly in a much higher price. for that to happen we need institutional investors to come on board. right now they will never enter the market as they need a professional platform that can handle hundreds of millions of incomming fiat deposits without any problems. the gemini exchanges is targeting these institutional investors, but they totally seem to ignore that exchange. gemini isn't that different from any other bitcoin exchanges, and that's the main problem. without these institutional investors we won't see $10,000 ever.

what "long time low" are you talking about? the current low for this year is slightly above the $350 price level. not sure where you get that $330 number from.

can you tell me where you see the indicators that bulls are preparing for a nice ride up? the highest i think the price will go this week is $420 maybe $425 at most in the best case. there is still a chance that the price may go below $400 again as there is no real support above the $400 price level. it only takes around 1540btc to get the price at $399 on bitstamp.

all current market movements are very normal. i really don't see any indication that the price is about to rocket up. i think we will see the price stay between $390-$450 for another month or two. i am already happy if we manage to stay above the $400 price level.