Bitcoin Price Hits Highest Level Since August

[OmegaStarScream]

The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to $247.57 today, its highest total since 18th August.

The day's price movement began at roughly 12:20 UTC, but accelerated at 14:00 UTC when the price jumped from $243.01 to $246.15 over a 15-minute span.

The daily high was reached at 15:30 before prices began to edge downward. The price at press time, according to the BPI, is $245.96.




Article : http://www.coindesk.com/bitcoin-price-hits-highest-level-since-august/

What could be the reason in your opinion , if you ask me .; It's all about that Gemini exchange .

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[avatar_kiyoshi]

And now down to $244(not really significant).

I think so, Gemini exchange is prepare for they site, they have a lot budget, and so it's begin...

[coinpr0n]

Probably Gemini as you suggested, but if the pump cannot even be sustained until launch (tomorrow) I'm not sure how positive of a signal it is.

[StevenLiang]

There are no any bold event which bigger than Gemini Exchange Licensed.

It should be because of that event.

http://fortune.com/2015/10/05/gemini-winklevoss-bitcoin/

[randy8777]

Probably Gemini as you suggested, but if the pump cannot even be sustained until launch (tomorrow) I'm not sure how positive of a signal it is.

it's already going down again. we can't even maintain to keep the price at the $247-$248 levels. we'll probably fall back to below $240 again today.

[7788bitcoin]

I just hope that the price will continue to stabilize and increase slowly and steadily. Reward halving is coming as the effect should be coming in soon.

[StevenLiang]

Probably Gemini as you suggested, but if the pump cannot even be sustained until launch (tomorrow) I'm not sure how positive of a signal it is.

it's already going down again. we can't even maintain to keep the price at the $247-$248 levels. we'll probably fall back to below $240 again today.

I think not for today randy8777. The price will keep on $247 - approx $252. In my opinion.

Also i will try to make account on Gemini too.

[ajrah]

I'm monitoring through preev and when I first saw $250 I was surprised because yesterday it was going up and down from $235 - $238. Now its down to $245  - $247 level. I do hope it will go back to $250 and up.

[~Bitcoin~]

I was also amazed yesterday at the evening when i was not active in monitoring bitcoin price. I was doing mobile topup and when i see the amount i have to pay is lowered more that before, i check the price and it was 246$+ which used to be 230$ at the morning.

Hope it will not jump like this for 2 more months because i want to collect a little of bitcoins to gain some profit. 

[Poppy]

The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to $247.57 today, its highest total since 18th August.

The day's price movement began at roughly 12:20 UTC, but accelerated at 14:00 UTC when the price jumped from $243.01 to $246.15 over a 15-minute span.

The daily high was reached at 15:30 before prices began to edge downward. The price at press time, according to the BPI, is $245.96.




Article : http://www.coindesk.com/bitcoin-price-hits-highest-level-since-august/

What could be the reason in your opinion , if you ask me .; It's all about that Gemini exchange .

It would be a good thing if it stays on its highest price.  It is going down as of now, but I hope it would stabilize or even go up and stay that way.

[mordekaiser]

The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to $247.57 today, its highest total since 18th August.

The day's price movement began at roughly 12:20 UTC, but accelerated at 14:00 UTC when the price jumped from $243.01 to $246.15 over a 15-minute span.

The daily high was reached at 15:30 before prices began to edge downward. The price at press time, according to the BPI, is $245.96.




Article : http://www.coindesk.com/bitcoin-price-hits-highest-level-since-august/

What could be the reason in your opinion , if you ask me .; It's all about that Gemini exchange .

Probably one main reason for this is the Gemini exchange its been helpful in the past couple of weeks I have observed it.

[randy8777]

Probably Gemini as you suggested, but if the pump cannot even be sustained until launch (tomorrow) I'm not sure how positive of a signal it is.

it's already going down again. we can't even maintain to keep the price at the $247-$248 levels. we'll probably fall back to below $240 again today.

I think not for today randy8777. The price will keep on $247 - approx $252. In my opinion.

Also i will try to make account on Gemini too.

it was close as bitstamp reached a low of $242.3 today. a few hundred coins more dumped and the price would dip below $240 for sure.

[StevenLiang]

Probably Gemini as you suggested, but if the pump cannot even be sustained until launch (tomorrow) I'm not sure how positive of a signal it is.

it's already going down again. we can't even maintain to keep the price at the $247-$248 levels. we'll probably fall back to below $240 again today.

I think not for today randy8777. The price will keep on $247 - approx $252. In my opinion.

Also i will try to make account on Gemini too.

it was close as bitstamp reached a low of $242.3 today. a few hundred coins more dumped and the price would dip below $240 for sure.

You're right. I think it will go up for some few days onwards.

Hope BTC price can going up a lot from this Gemini event.

Nahh, i can't register on Gemini from my country.

[Possum577]

Omega, this is an awful chart to show the movement and prove your point. Why show the chart from 2011 when the price was super low? You should just show the price for the last few months to clearly show the peak we just hit in that short period. Watching the price creep up slowly is nice...it's slow so there's not too much hype, slow and steady wins the race!

[NorrisK]

Look like a lot of coins were bought to move to the Gemini exchange. Now everybody is funded and less additional BTC are being bought, price slowly retraces back to where supply meets the demand.

Wish I could trade on Gemini today, but it looks like they will only operate in the mentioned US states from the start.

[Amph]

meh, it is just a little pump, can be anything really, gemini, the hype around the fact that xt is dead, someone pumping it for the sole purpose of starting a chain of pump because of the first two reason that i've mentioned

i mean we were at 230 just a couple of week ago, +15 isn't somethign worth mentioning anymore

[Mickeyb]

Yes it's all about the Gemini. I expect it to continue rising as well since today exchange is opening. This rise is nothing to go crazy about. Just a normal market reaction to the positive news in Bitcoin community. Good to see that we finally have a positive news coming our way.

[Denker]

Could we stop speculating why the price is rising 5-6 dollars or declining the same amount please?!
This is Bitcoin and some of the good old volatility coming back in.
Some guys bought a bit more and now some guys sold a bit more as the price is going down again.Really nothing special to see here.

[neurotypical]

We are at an obvious flat phase just like 2011 - 2013. After this phase, whoever wasn't buyin as much cheap coin as possible will cry for days when the next pump goes 5 figures. It just may take double the time so im not worried about missing out, still got plenty of time to buy Bitcoin monthly. Thats my mission and sole purpose on life right now.

[dothebeats]

Well, the only reason I could see why is this happening is due to Gemini exchange, nothing more. Traders love to take advantage of this news to make some couple of bucks to take home as profit. As for the trend, we seem to be holding off at around $235-$240 range. Once $250 is reached, I think another rally would soon emerge, this time cross $300 barrier.