Bitcoin hit $280

[Dire]

Here's an interesting inverse, Litecoin: https://www.coingecko.com/en/coins/litecoin

The opposite way to the BTC spike. Don't know if it's really that, but Litecoin made a large rally over the last few days.

[johnyj]

Here's an interesting inverse, Litecoin: https://www.coingecko.com/en/coins/litecoin

The opposite way to the BTC spike. Don't know if it's really that, but Litecoin made a large rally over the last few days.

Perfect timing, someone is selling huge amount of litecoin today, price dropped 50% in a couple of hours, again proved that litecoin is a pump and dump instrument

It is similar on bitcoin, obviously a planned pump by Chinese exchanges, all of them showing a large spike of short squeeze, I guess all the people who were shorting bitcoin were wiped out

[amiryaqot]

that is good sign by solid increase and steady growth so that is taking the price higher to higher after a long time, that is really great sign about great future of bitcoin in very near future so that with some positive it will continue to the right direction over 1k by the end of this year, that will be amazing gift of Christmas for bitcoin community.

[tss]

the more bad news in world finance the more attractive btc looks to the masses.  one day everyone will understand.  for now its for those areas of the world with overly strict controls where your money isn't really yours.

[Real14Hero]

So happy to hear this, but that's would be better if the price resist in $280~ so I could win btc for my bounty prediction lol 

[bitsum]

Chinese are finding bitcoin to invest from their $1.3T market take off last week.I see another spike soon.

[bank of bits]

I noticed LTC is being dumped for BTC and I think that explains the huge rise

[spazzdla]

I noticed LTC is being dumped for BTC and I think that explains the huge rise

Look at it this way though..

LTC is still WAY.... INSANELY above what it was a month ago...

I agree 10000000000% someone sold off litecoin for BTC, but IMO this is the ULTIMATE bear trap... I think this LTC bear trap will be talked about for some time.  IMO that same "someone" will buy back that LTC as well...

Mood = full bullish

[HarHarHar9965]

BITCOIN HIT 290$, the only way we going is up babay. Haha, I think its a spike, and the price will come down after a while if constant trade does not continue and major events don't take place, I would also conclude that regardless of whatever happens, hold it in and wait a little longer before you let go for some quick buck. Good luck to all of the bitcoin community!

[scox]

Chinese are finding bitcoin to invest from their $1.3T market take off last week.I see another spike soon.

Everyone BUY!

[Dire]

Here's an interesting inverse, Litecoin: https://www.coingecko.com/en/coins/litecoin

The opposite way to the BTC spike. Don't know if it's really that, but Litecoin made a large rally over the last few days.

Perfect timing, someone is selling huge amount of litecoin today, price dropped 50% in a couple of hours, again proved that litecoin is a pump and dump instrument

It is similar on bitcoin, obviously a planned pump by Chinese exchanges, all of them showing a large spike of short squeeze, I guess all the people who were shorting bitcoin were wiped out

It's pretty much what I did with a small short Litecoin position, put the BTC into LTC, made a profit, and then back into BTC. There were some large numbers going down though. People that had probably held LTC for some time getting shot of it all the way up. Thousands of LTC here and there all the way along from what I saw.

[monbux]

It's going to hit $600 this month. That is word on the bitcoin block.

TY Grexit.  I doubt it can hit there so quickly, but we should hope for over $300 closing at the end of this week.

[Lauda]

Wedbush report says that we should expect $400 in the next 12 months.
However, I could see this happen even this summer. Although I think that people need to calm and not hype this too much. The problem is that  there will be a bigger loss of confidence/panic if we do not achieve the desired price range/go down. For now I would like the price to stabilize a bit above $300. If the price increases too quickly, that's not a good thing either.

[ThatDGuy]

Wedbush report says that we should expect $400 in the next 12 months.
However, I could see this happen even this summer. Although I think that people need to calm and not hype this too much. The problem is that  there will be a bigger loss of confidence/panic if we do not achieve the desired price range/go down. For now I would like the price to stabilize a bit above $300. If the price increases too quickly, that's not a good thing either.

We will see over $400 in the next 12 months.  There's a good probability we'll see WAY over $400, especially with the next halving 54 weeks away.  Anyone who says that it's already priced in is wrong - see: Litecoin's activity with 45 days left.

[Amph]

I noticed LTC is being dumped for BTC and I think that explains the huge rise

not really, bitcoin was pumped to 250 before the litecoin pump ended, and then again to 266 before the dump of litecoin, that appeared today, they are not 100% correlated

i think someone with a big amount of money(probably who's bought litecoin when it was at 0.002) dumped everything today to switch to bitcoin, and has raised the price to almost 300

[scox]

I noticed LTC is being dumped for BTC and I think that explains the huge rise

not really, bitcoin was pumped to 250 before the litecoin pump ended, and then again to 266 before the dump of litecoin, that appeared today, they are not 100% correlated

i think someone with a big amount of money(probably who's bought litecoin when it was at 0.002) dumped everything today to switch to bitcoin, and has raised the price to almost 300

That must've been a fucking huge amount. The price is still soaring. 293 right now. Really amazing.

[Lauda]

We will see over $400 in the next 12 months.  There's a good probability we'll see WAY over $400, especially with the next halving 54 weeks away.  Anyone who says that it's already priced in is wrong - see: Litecoin's activity with 45 days left.

I would agree. We have already reached $290+ this morning. There are positive signs that Bitcoin is adjusting itself to the right value, even without any major news related.
The halving is scheduled for  2016-07-28 ,and I'm pretty sure that we are going to see strong movements once that happens.

That must've been a fucking huge amount. The price is still soaring. 293 right now. Really amazing.

The Litecoin market is not big enough to move Bitcoin this much.

[omahapoker]

I think it was greece. Because when it showed up that they will get fresh money the price dropped. It dropped again when it was clear they will get some.

I don't think china is involved. Even though they have problems, there is no reason to go into bitcoin. But greece is different. They don't have a currency and want to safe their money. China has a stable currency, no need to go to bitcoin.

[randy8777]

I think it was greece. Because when it showed up that they will get fresh money the price dropped. It dropped again when it was clear they will get some.

I don't think china is involved. Even though they have problems, there is no reason to go into bitcoin. But greece is different. They don't have a currency and want to safe their money. China has a stable currency, no need to go to bitcoin.

i think it was more usual bitcoin traders that got dissapointed after the greece announcement. they quickly sold their stash they bought for at that day a premium.

[omahapoker]

I think it was greece. Because when it showed up that they will get fresh money the price dropped. It dropped again when it was clear they will get some.

I don't think china is involved. Even though they have problems, there is no reason to go into bitcoin. But greece is different. They don't have a currency and want to safe their money. China has a stable currency, no need to go to bitcoin.

i think it was more usual bitcoin traders that got dissapointed after the greece announcement. they quickly sold their stash they bought for at that day a premium.
[/quote

Exactly what i think too. The rise in bitcoin price did not come from greeks finally buying bitcoins, they did not have the money to do so anyway, but they came from bitcoin traders awaiting a repeat of the price rising that happened with the cyprus situation.

They were right. Selffulfilling prophecy.