Bitcoin Price Hits Highest Level Since August

[richardsNY]

The price will keep on rising as the main stream news media are reporting the rise, that will fuel further rise.

I hope the price will rise slowly.

Slow and steady would probably be more sustainable than rapid increases. But everyone thinks Bitcoin is going to make them rich, which is why you have rapid crashes, like the $80 drop we've seen in the last 24 hours after a rapid rise to almost $500 this week. This kind of rapid rise isn't sustainable, and you get these dramatic drops when people get scared of holding the bag when another bubble bursts.

Yes only slow and steady will win the race. If bitcoin claimb slowly towards higher prices then we can expect more sustaining higher prices. If bitcoin goes into higher places in two days then we might need to see lower prices in third or fourth day.

A slow and steady rise is the best possible growth you can have. It's only impossible for Bitcoin at this point as the comming months will be a heavy roller coaster ride due to the block halving. There is a lot money to be made if you play the market right.

[zodiac3011]

I think this is the new price of bitcoin: around 380. From here we will start to build up the price of bitcoin because this won't be the final price of it as the halving is coming soon

[TastyChillySauce00]

I think this is the new price of bitcoin: around 380. From here we will start to build up the price of bitcoin because this won't be the final price of it as the halving is coming soon

just in my opinion, halving will make bitcoin price goes up because pretty much miners will stop mining and bitcoin supply will be less than demand

[jaysabi]

I think this is the new price of bitcoin: around 380. From here we will start to build up the price of bitcoin because this won't be the final price of it as the halving is coming soon

just in my opinion, halving will make bitcoin price goes up because pretty much miners will stop mining and bitcoin supply will be less than demand

The supply will be constant after the halving no matter how many miners there are. There will be 12.5 bitcoins produced every ten minutes whether there are a billion miners or a million miners. Supply production will be constant, it will just be half of what it was before the halving.

[zodiac3011]

I think this is the new price of bitcoin: around 380. From here we will start to build up the price of bitcoin because this won't be the final price of it as the halving is coming soon

just in my opinion, halving will make bitcoin price goes up because pretty much miners will stop mining and bitcoin supply will be less than demand

not at all, when the supply is lower the demand for it will increase which will pump the price up this will actually attract more miners because high price => profitable to mine => more miners !

[bryant.coleman]

The supply will be constant after the halving no matter how many miners there are. There will be 12.5 bitcoins produced every ten minutes whether there are a billion miners or a million miners. Supply production will be constant, it will just be half of what it was before the halving.

Less than 3% of the daily Bitcoin volumes are taken up by the newly mined coins (looking at the transaction volumes in the major exchanges). So I am not sure whether there will be a sudden supply / demand inequality once the block halving occurs. And also, the block reward halving is still some 7 months away. A lot can happen before that. 

[jaysabi]

The supply will be constant after the halving no matter how many miners there are. There will be 12.5 bitcoins produced every ten minutes whether there are a billion miners or a million miners. Supply production will be constant, it will just be half of what it was before the halving.

Less than 3% of the daily Bitcoin volumes are taken up by the newly mined coins (looking at the transaction volumes in the major exchanges). So I am not sure whether there will be a sudden supply / demand inequality once the block halving occurs. And also, the block reward halving is still some 7 months away. A lot can happen before that. 

For sure. If anything, the disruptions to supply (to the extent they occur) will more likely be caused by expectation of what should be happening to the price and the perception of what is happening with supply, as opposed to what is actually happening.

[n2004al]

I think this is the new price of bitcoin: around 380. From here we will start to build up the price of bitcoin because this won't be the final price of it as the halving is coming soon

Good to see your hopes. Were and mine until a few days ago when bitcoin, for 4-5 days, remained at these amounts. It would be a respectable prediction yours because made some time before the happening of such price. But unfortunately bitcoin did not resist at this level. Fell down at another one. Where are since some days. But even if stay there it will be again ok. The fear is if it will go at the same level of the beginning of the last event of these lasts weeks. If it will be so all all the happening has served for nothing. Only for the speculators which earned some other bitcoins. But for the bitcoin itself can be considered another failure.

[harizen]

Like the price playing today. I consider this a new floor.

Well Im still optimistic that we will surpass the highest price this year. Volumes showing good signs as of now. Im not just saying that Im optimistic. Somehow some of my own speculation has basis.

[n2004al]

Like the price playing today. I consider this a new floor.

Well Im still optimistic that we will surpass the highest price this year. Volumes showing good signs as of now. Im not just saying that Im optimistic. Somehow some of my own speculation has basis.

The real and stable high price become from the real increase of the demand and not from the increase of volume. The increase of volume can come even from speculations. So it is not real demand. And without demand (which mean spread of bitcoin and known of it by new people who will want to own some of those) cannot be real increase and stability of this new high price. Maybe someday can be an increase of price but after this increase will be again the decrease at the same level. This mean nothing for bitcoin.

[anthonycamp]

theres still aproaxing christmas and people buy presents with fiat insted of btc soo the exchange will put price a bit down it grow up like the halving never much before unless europe and china change.