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Author Topic: rapidly increasing price  (Read 4055 times)
CoinCidental
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November 19, 2016, 08:41:41 PM
 #81

Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
One of the reasons, as stated before, is supply and demand. There is an increased interest from users, and the fact that we have less coins entering the market, since the last halving, is helping the price.
Another possible factor is that there are rumors that segwit can be activated within the next few weeks.
Other than the factors within bitcoin ecosystem, there are many supporting events happened last week.
The new president for world's powerful economy and good supporter of bitcoin system, china's possible regulations on bitcoin mining that might lead to legalizing bitcoins in china and finally India's new policy on black money heavily driving bitcoin prices, right now Indian markets trade near $900 levels are the reasons for recent sudden surge.

I have a friend in India and he said you can't even buy it for $900 anymore, stocks are running out in Indian exchanges and the price among private sellers is approaching $1k now as people get more desperate to get rid of their life savings before it turns into toilet paper in a few weeks.....
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November 19, 2016, 10:33:39 PM
 #82

Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !

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November 20, 2016, 01:32:13 AM
 #83

Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !
I do believe in bitcoin!! Im almost ready for christmas. Just a little bit of uptrend. And my year end is so much happy.thanks to bitcoin.
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November 20, 2016, 06:42:02 AM
 #84

Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !
Growth looks quite promising this time, i am feeling like we are heading towards $800 before Christmas.

Price is making some stop at $750 to jump again.
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November 20, 2016, 07:04:22 AM
 #85

Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !
Growth looks quite promising this time, i am feeling like we are heading towards $800 before Christmas.

Price is making some stop at $750 to jump again.
Yes, before Christmas some huge price levels are seeming highly possible with respect to this stable bitcoin prices.

Indian markets are trading above $900 levels, so just arbitrage trading itself will take all markets into $800 in just one or two days itself.
Festival season under new US government sentiment will definitely will boost bitcoin prices to new high levels too.
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November 20, 2016, 07:22:32 AM
 #86

Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !

764 on kraken lol
Yes, indeed, the old wallets  are looking healthy
Up  21% this month is  very respectable  gains  Grin
Soon we will be at 1K and then 10k
This maybe the last chance to accumulate in the $7xx range
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November 23, 2016, 05:18:17 AM
 #87

Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !
I do believe in bitcoin!! Im almost ready for christmas. Just a little bit of uptrend. And my year end is so much happy.thanks to bitcoin.

4 years ago price went to 1200 $ in two weeks, there is possibility for same thing to happen again. With only difference in what will happen after, and instead of some drop it would be great to stay high and not fall after increase.
Well Christmas is really close, its nice when price is going up and everything is OK. I also hope that this trend will continue.



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November 23, 2016, 11:23:17 AM
 #88

Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !
I do believe in bitcoin!! Im almost ready for christmas. Just a little bit of uptrend. And my year end is so much happy.thanks to bitcoin.

4 years ago price went to 1200 $ in two weeks, there is possibility for same thing to happen again. With only difference in what will happen after, and instead of some drop it would be great to stay high and not fall after increase.
Well Christmas is really close, its nice when price is going up and everything is OK. I also hope that this trend will continue.
well a bit worried when Christmas is going to come. people are forced to sell their bitcoin adding more supply while demands remain the same because they need to buy stuffs for the Christmas. even some people said that there will be a dump on Christmas (didn't really trust it though) but anything could happen right?

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November 23, 2016, 11:25:53 AM
 #89

Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !
I do believe in bitcoin!! Im almost ready for christmas. Just a little bit of uptrend. And my year end is so much happy.thanks to bitcoin.

4 years ago price went to 1200 $ in two weeks, there is possibility for same thing to happen again. With only difference in what will happen after, and instead of some drop it would be great to stay high and not fall after increase.
Well Christmas is really close, its nice when price is going up and everything is OK. I also hope that this trend will continue.


4 years ago is different for this current year and i think we would get a hard time before we reached for that price level and lets not phase out the fact that there are many contented people and afraid dumpers, but also lets not erase some facts that it has a high possibility that it would be happen again since bitcoin is like a zombie and rising without even knowing a track,

R


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November 23, 2016, 12:17:47 PM
 #90

Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
i have no idea what cause to makes bitcoin price rise up since several days ago but the current situations was good for short trade for an example yesterday the price dropped at $730 below and i had decide to buy at that price even i slightly doubt because red mark on bitcoin chart showing that the price will dropped again but fortunately the price climbing again today and currently at $740 so although the price isn't stable but just took benefit from that is enough for me
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