$300 before the end of this day or nah?

[Hyena]

No, not before the end of this day, maybe before the end of this month, although I still wouldn't like to see that. We need to be careful and see whether this price increase is actually sustainable or if it's going to lead to another bubble like when BTC went over $1000.

it's going to lead to another bubble like when BTC went over $1000

[mexxer-2]

I think we can reach it, but expect a big crash after it. At $291 currently, $9 in one day shouldn't be that big deal seeing the recent price manipulation.

According to preev.com it says 291.5$ , however we shouldn't be happy about this because this price pump is without any apparent reason (at least not for me) so we will probably crash after those manipulators sells their coins ... we should expect the worst this time .

Halving, VAT, and Gemini, yea no reason...  

Halving: Still far to go
VAT: Doesn't make much of a difference

Yes, by being VAT-free it means that no extra taxes are incurred for purchases using bitcoin. Keep in mind that goods already have a VAT so you will still be paying that, just no extra tax for having paid with bitcoin. Good news.

Gemini: Has a lot of publicity, unless its a pump by the twins, it has no direct (positive) effect on bitcoin

[DiamondCardz]

No, not before the end of this day, maybe before the end of this month, although I still wouldn't like to see that. We need to be careful and see whether this price increase is actually sustainable or if it's going to lead to another bubble like when BTC went over $1000.

it's going to lead to another bubble like when BTC went over $1000

Even if it does, that's not an optimal outcome that I'd like to see. I would much rather see a slow increase to $500 over the next year than a burst straight up to $1000 which will soon collapse back down. What would it collapse back down to? You can't really predict that.

[Hyena]

Even if it does, that's not an optimal outcome that I'd like to see. I would much rather see a slow increase to $500 over the next year than a burst straight up to $1000 which will soon collapse back down. What would it collapse back down to? You can't really predict that.

Yes I can, it won't collapse low enough to make you lose money if you buy in right now. the range for the next bubble drama will be in between 1k and 17k. Or to put it another way --- the next order of magnitude.

[1Referee]

Huobi went over $300 but I don't consider that as an achievement. I am waiting for Bitstamp and Bitfinex to break through the $300 level.

[LieTOme]

I think it could reach $ 400 until the end of the year. see now the position is in the $ 290 bitcoin.

[DiamondCardz]

Even if it does, that's not an optimal outcome that I'd like to see. I would much rather see a slow increase to $500 over the next year than a burst straight up to $1000 which will soon collapse back down. What would it collapse back down to? You can't really predict that.

Yes I can, it won't collapse low enough to make you lose money if you buy in right now. the range for the next bubble drama will be in between 1k and 17k. Or to put it another way --- the next order of magnitude.

I sincerely doubt the next bubble will be an order of magnitude higher. I don't think there's enough buying force or even a possibility for enough hype to be created for Bitcoin to reach 10k any time soon. It's just so, so unlikely that I doubt it. Yeah, if we do have a bubble we probably won't crash below $300, but...

[Nahl]

it's probably nah
but i wish tomorrow would reach to $300 and the most important is the price would be stable at that price

[freedomno1]

Currently at $289. What do you guys think? Will we be able to break $300 before the day ends or be back at lower levels? Will it be sustainable this time?

Thoughts are welcome.

It's possible in late day trading as the start of the day was at $280
Whether it can push up another 10 dollars in 24 hours is the question.
Otherwise it should test that area by the end of the month with this momentum.

[Hyena]

I sincerely doubt the next bubble will be an order of magnitude higher. I don't think there's enough buying force or even a possibility for enough hype to be created for Bitcoin to reach 10k any time soon. It's just so, so unlikely that I doubt it. Yeah, if we do have a bubble we probably won't crash below $300, but...

buying force? What about the buying force of the whole world? Your error lies in the fact that you assume that the world remains the same. There will be a lot of new buying force as depression kicks into other asset classes.

[Thekool1s]

$294 on preev. It looks like it will break 300$ on preev today. But main thing here is stability we dont want $350 and back to $ 270. I hope it remains stable.

[DiamondCardz]

I sincerely doubt the next bubble will be an order of magnitude higher. I don't think there's enough buying force or even a possibility for enough hype to be created for Bitcoin to reach 10k any time soon. It's just so, so unlikely that I doubt it. Yeah, if we do have a bubble we probably won't crash below $300, but...

buying force? What about the buying force of the whole world? Your error lies in the fact that you assume that the world remains the same. There will be a lot of new buying force as depression kicks into other asset classes.

I don't think that we are on the brink of a world depression, to be fair. People said similar things when Bitcoin shot up to over $1000 per BTC, and that didn't last, did it?

[spiderbrain]

Nah, $11 in price increase in just one day is impossible

You must be new around here.

My thoughts exactly!

[Hyena]

I don't think that we are on the brink of a world depression, to be fair. People said similar things when Bitcoin shot up to over $1000 per BTC, and that didn't last, did it?

you have swarms of immigrants flooding the EU countries and you are calling everything normal? 0% interest rates have become the norm. still nothing? just because some people got it wrong last year does not invalidate their fears. for such large scale events you must give a much wider acceptable time frame.

[NorrisK]

I guess we will hit 300 briefly, correct to 270 and than start rising to 300+ again.

Timepath is difficult to determine, but momentum is gaining!

[DiamondCardz]

I don't think that we are on the brink of a world depression, to be fair. People said similar things when Bitcoin shot up to over $1000 per BTC, and that didn't last, did it?

you have swarms of immigrants flooding the EU countries and you are calling everything normal?

Didn't call anything normal bud, but I don't think the refugee crisis will last more than a year or two longer.

0% interest rates have become the norm. still nothing? just because some people got it wrong last year does not invalidate their fears. for such large scale events you must give a much wider acceptable time frame.

Yeah, we had this thing called a world recession about 7 years ago. Recessions have happened before, but we're still around and kicking.

[Ibian]

Didn't call anything normal bud, but I don't think the refugee crisis will last more than a year or two longer.

At which point what? Unless we kick them out the crisis is ongoing, not over. Simply stopping immigration is not nearly enough. And how will the political sentiment change enough to do that? It won't. A violent europe-wide civil uprising is far more likely than the politicians willingly deporting the unwashed masses.

Yeah, we had this thing called a world recession about 7 years ago. Recessions have happened before, but we're still around and kicking.

No fiat based money has ever survived. The entire world economy runs on fiat. A collapse of unprecedented proportions is inevitable, just a matter of when.

[DiamondCardz]

Didn't call anything normal bud, but I don't think the refugee crisis will last more than a year or two longer.

At which point what? Unless we kick them out the crisis is ongoing, not over. Simply stopping immigration is not nearly enough. And how will the political sentiment change enough to do that? It won't. A violent europe-wide civil uprising is far more likely than the politicians willingly deporting the unwashed masses.

I think this is more the fault of the US and rich Arab states, which are causing a lot of this but doing jackshit. If they step up the "crisis" won't be nearly as bad.

Yeah, we had this thing called a world recession about 7 years ago. Recessions have happened before, but we're still around and kicking.

No fiat based money has ever survived. The entire world economy runs on fiat. A collapse of unprecedented proportions is inevitable, just a matter of when.

In a world like we are currently in there is no real valid source to back that claim up now, due to the massive globalisation of the world.

Also, that claim is esque to saying I have never died, therefore I will never die. No fiat based money has ever survived -> how do you know it won't survive until it is dead? You can never predict if fiat-based money will survive.

[dinda22]

Currently at $289. What do you guys think? Will we be able to break $300 before the day ends or be back at lower levels? Will it be sustainable this time?

Thoughts are welcome.

yes we are able to touch $300 before the end of this month, the remaining 6 days and the movement so far is good enough 1 day +2.57%

[BlindMayorBitcorn]

Nah. (I expected a poll.)