Bitcoin Price Hits Highest Level Since August

[Kevin77]

The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today

Yes right now preev showing some $330+ levels. I believe this may go beyond $350 levels too on today or tomorrow itself. This might be the highest prices since last February 2015. Lets hope for 2015's highest price to happen on November 2015 itself.

[zodiac3011]

The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today

Yes right now preev showing some $330+ levels. I believe this may go beyond $350 levels too on today or tomorrow itself. This might be the highest prices since last February 2015. Lets hope for 2015's highest price to happen on November 2015 itself.

This is a good sign for bitcoin actually but I'm wondering what pump the bitcoin's price up so fast? I feel that its price is not a long-term one I think, somewhat unstable

[StevenLiang]

The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today

I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?

*bookmarked

[zodiac3011]

The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today

I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?

*bookmarked

that's what I really don't know some kind of mysterious force buy bitcoin? No reason for one's price just climb up. If it increases for no reason, soon there will be a big dump

[uki]

Yes right now preev showing some $330+ levels. I believe this may go beyond $350 levels too on today or tomorrow itself. This might be the highest prices since last February 2015. Lets hope for 2015's highest price to happen on November 2015 itself.

This is a good sign for bitcoin actually but I'm wondering what pump the bitcoin's price up so fast? I feel that its price is not a long-term one I think, somewhat unstable

I agree that a lot healthier would be to have a slow and steady rise. Otherwise such a sudden move could end quickly as we run out of buyers and then the correction would be much deeper. But it is good to see that the 3 digit in front is stable, at least for now. It has been months since we last had these prices.

[QuintLeo]

I suspect a combination of factors, but the leading one being the continuing Chinese economy issues with some input from the current tensions the Chinese government has been causing with their South China Sea push - and the escalating PUSHBACK in the last few days from the US among others - then folks see the price of Bitcoin rising significantly and decide to jump on the bandwagon.

 Makes me happy I bought a bunch late last summer.

 8-)

[StevenLiang]

The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today

I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?

*bookmarked

that's what I really don't know some kind of mysterious force buy bitcoin? No reason for one's price just climb up. If it increases for no reason, soon there will be a big dump

Yup, i got it. Going up fast with no reason (event)
and then going down super fast with no reason too. 

Anyway, today is the best time to sell bitcoin. We can get fiat money in fast today.
Put BTC on marketplace to dollar, and in flash its already on $ !

[uki]

I suspect a combination of factors, but the leading one being the continuing Chinese economy issues with some input from the current tensions the Chinese government has been causing with their South China Sea push - and the escalating PUSHBACK in the last few days from the US among others - then folks see the price of Bitcoin rising significantly and decide to jump on the bandwagon.

 Makes me happy I bought a bunch late last summer.

 8-)

First of all congratulations on a good buy. The latest by the next halving event that should be a very profitable trade.
As for the news about Chinese investors that become a bit of a urban legend in the Bitcoin community. Every now and then since the fall from the last ATH there is a news on why this time the Chinese should move all their savings into the bitcoin, which of course is not happening. To make my point clear, I am not underestimating the purchasing power of Chinese savers who may become interested in Bitcoin. But it is hard to believe that all of people looking for new location for their money would choose Bitcoin, having quite many easier alternatives around.

[EternalWingsofGod]

The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today

I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?

*bookmarked

It's sentiment since there always is a reason
Could also just be some pushback after a steady declining pattern over the year and a combination of news articles all focusing on Bitcoin and the blockchain that is bringing it back to mainstream attention at present.

[StevenLiang]

The price right now at preev is $328 for 1 bitcoin I expect to see bitcoin's price at $335 today

I just temporary not follow bitcoin news. Why the price can going up like this?
Any info?

*bookmarked

It's sentiment since there always is a reason
Could also just be some pushback after a steady declining pattern over the year and a combination of news articles all focusing on Bitcoin and the blockchain that is bringing it back to mainstream attention at present.

Blockchain? Did they solved double transaction from malleability attack?
That can be a reason then.

Yup, it's alway be a reason for some "investment" which can going up or down. If there are no reason behind it, then some group are in control of it. And it's not good for bitcoin. Many people try to trust on bitcoin, which declared "it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.".

[QuintLeo]

I doubt that ALL the chinese are moving into Bitcoin - but consider they have over a BILLION POPULATION, 1 tenth of one percent of that (1 million) moving to buy 1 bitcoin would send the bitcoin price rocketing up.

 OK, realistically probably only a few tens or a couple hundreds of thousands of Chinese even know about Bitcoin - but that's still a lotta folks even if only a percent of them decide to push money into Bitcoin.

 Given most of the action pushing pricing up in on the Chinese exchanges, there HAS to be some sort of a Chinese link somewhere.

[uki]

I doubt that ALL the chinese are moving into Bitcoin - but consider they have over a BILLION POPULATION, 1 tenth of one percent of that (1 million) moving to buy 1 bitcoin would send the bitcoin price rocketing up.

 OK, realistically probably only a few tens or a couple hundreds of thousands of Chinese even know about Bitcoin - but that's still a lotta folks even if only a percent of them decide to push money into Bitcoin.

 Given most of the action pushing pricing up in on the Chinese exchanges, there HAS to be some sort of a Chinese link somewhere.

here is also a very nice article, adding another point: https://bitcoinmagazine.com/articles/chinese-exchanges-agree-bitcoin-price-has-nothing-to-do-with-capital-controls-1446233197

I would add one important point to our discussion on the Chinese market and exchanges. The two biggest exchanges do not have trading fees making bigger price swings and market manipulation much easier. That may also add fuel to the fire once the price increase pace starts accelerating.

[TTMNewsMJ]

That's cool.
The price has been increased so much now.
I hope it will remain for a long time.

[OccidentalCoin]

The price has stopped at around $310 now. It is cool. If it stays around $310 for a few weeks, then good time is ahead.

[harrymmmm]

Yes we will have volatility for several more years.But this will be volatility on the way up!!I can live with that.

Can you live with the two year bear market we just experienced. It could take another year to reach the $1200 level in 2013. That is three year in total.

yes, it's easy to live with that, because even though the bear market can last for years, we all know it's going to bull eventually, and when it does, it will go big.

go big or go home.

And anyway, 2 years is a troll exaggeration.
In hindsight, we can see the bear market lasted from dec, 2013 thru jan, 2015. More accurately expressed as one year.

[anthonycamp]

are we happy for the 328 or we need more ? like too much money could hurt but ok we try to stalbe beteewn the 350 if we can

[Amph]

The price has stopped at around $310 now. It is cool. If it stays around $310 for a few weeks, then good time is ahead.

it was 330 like few hours ago, now a little drop to 324, this is surely a new highest of this year, there were never a past-300 price that was so high since january

and it look to be stable enough

[zodiac3011]

The price has stopped at around $310 now. It is cool. If it stays around $310 for a few weeks, then good time is ahead.

it was 330 like few hours ago, now a little drop to 324, this is surely a new highest of this year, there were never a past-300 price that was so high since january

and it look to be stable enough

325 according to preev right now. The price's more stable I think. Bitcoin's price is the hot topic at the moment as it sky-rocketed from 250 to 325 only after a few days. This could be the new price of bitcoin after months stucked at 220-250

[jaysabi]

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.

This pretty effectively illustrates the futility of looking at 5 minute price moves and trying to discern any longer term impact or momentum...

[Pierre 2]

It is too early to be very positive about current prices. It does not show long term rise to higher points.
Just hold your breath guys. It is still early. Be ready for downwards trend.