320$ , what the hell is going on ?

[OmegaStarScream]

It's something ~320$ according to preev.com , 321$ at Bitfinex as-well .

I'm not saying it's bad but I'd like to know what the hell is going on here , please don't tell me it's halving because I'm more then sure it's not , why would people agree ot start buying in same period of time in the first place ? that wouldn't make sense .

I thought it's because of the ransom story when that billionaire got kidnapped ( http://cointelegraph.com/news/115502/taiwanese-kidnappers-receive-168m-bitcoin-ransom-from-billionaire-yuk-kwan )  , however the BTC's has been bought and they gave them to the kidnappers I suppose ? so I'm not sure why the price keep rising ...

[traderbit]

I was watching the price in coindesk chart and it jumped to 320 in Bitfinex.
I really don't know what is happening, someone is saying that china has started to buy bitcoins.
If we look 1 month from now we see that the diference is about $90 - $100

[monkeydong1]

Isn't it so convenient that the rise we are seeing fell just before the last silk road auction batch of btc up for sale very soon ?


It does not seem like a coincidence.  

[Enjorlas]

It's called greed. People haven't sold yet because momentum is still strong. People are playing with fire here.

[zcxvbs]

I don't know either, MMM brings some buy orders? Or it's because the Blockchain technology is catching more and more attentions?

[NorrisK]

Isn't it so convenient that the rise we are seeing fell just before the last silk road auction batch of btc up for sale very soon ?


It does not seem like a coincidence.  

That's some serious conspiracy theory you have the! Feds drive up price, get more money and hold same amount of bitcoin as in the beginning. Rinse and repeat, only this time the coins were only bought by them instead of being taken

[Paashaas]

I thought we're getting a decent correction from $300 back to $250+ but $320...my jaw dropped when i saw that price.

[Nobitcoin]

What the hell is going on with the Chinese people must have a lot of dirty money to clean. Totally amazed and astounded by the price increase.

[thejaytiesto]

It's simple. On the back of their minds everyone with a minimum of grey matter on their brain know that Bitcoin will be insanely huge in the future. What does this present us? Well, what we see: An scenario where everyone is waiting for the next guy to make a move. They are all afraid to be the first that buys. Once someone starts buying, everyone else starts buying. We'll see morons dumping their cheap coins along the way. Already happened, just look at the graph and look for the long red lines. Yet we still going up.

[2pak]

they are panic buying in bitcoin now   let see until where the deep hell will go on. see you in $350  

[OmegaStarScream]

The manipulation level is so fucking high here lol , It just went to 312$ according to preev.com (minuts after making this thread)

[Alley]

The simplist answer is usually the correct one.  Adoption is outpacing selling pressure.

[Mickeyb]

It's something ~320$ according to preev.com , 321$ at Bitfinex as-well .

I'm not saying it's bad but I'd like to know what the hell is going on here , please don't tell me it's halving because I'm more then sure it's not , why would people agree ot start buying in same period of time in the first place ? that wouldn't make sense .

I thought it's because of the ransom story when that billionaire got kidnapped ( http://cointelegraph.com/news/115502/taiwanese-kidnappers-receive-168m-bitcoin-ransom-from-billionaire-yuk-kwan )  , however the BTC's has been bought and they gave them to the kidnappers I suppose ? so I'm not sure why the price keep rising ...

Last week or so, I tried not to get to excited. I kept repeating that $300 is a huge obstacle and that it will depend how we will handle that. Also I was saying that if we break $300 and get to $315 while not dropping like a rock that this might be a real deal.

Well I am declaring now, this is a real freaking deal. This is getting out of control. It's climbing steady for days! I can't believe this, we have completely reversed the trend!

P.S. It's not a ransom thing, that's not nearly enough of bitcoins to get things going like this!

[DieJohnny]

don't you think this thread has an identical twin from Nov 2013?

[rocks]

The comments here remind me of the comments from late 2012 when the price started to go past $10 and $15 for the first time in almost 2 years. So many people wondering why the price was rising "so high" and the traders "sold knowing they can by again lower" only the watch the price never come back down.

This looks just like that ramp to me. We've seen this before. Only a fool would sell their BTC now to have a chance to re-buy at $250 for a gain 25%, while risking BTC running away and missing a 1000% ramp.

[btcfinans]

What is going on? BTC price up

Who? Chinese people buy



Why? I don't know exactly why (capital restricitions? ...)

Chinese population is more than 1.4 billion, just can't wait Bitcoin fervour goes viral out there 

[UnDerDoG81]

War is coming, people try to safe their money.

[denam]

Bitcoin is going to moon so $350+ will be base price before end of current month.

[Denker]

The manipulation level is so fucking high here lol , It just went to 312$ according to preev.com (minuts after making this thread)

Yes I expected that to happen.$320 was the limit for today.Now let's hope we don't correct too much.

[dothebeats]

don't you think this thread has an identical twin from Nov 2013?

The same feeling and the same amazement on the price. Looks like we have much more to see after this run-up in price. I was expecting a drop to $305 but still we're hovering over $310.

The price increase has stopped a bit. Maybe the rocket needs to refuel for a moment.