chinese say next target 4000CNY ? / $600

[bigfryguy]

OP is this your opinion, or have you actually heard about this from some Chinese people? Because if this is only your opinion, OK, it's not that I don't respect it, but anyone can come with a prediction like this.

I live in Shanghai, and no one is talking about BTC.

you are !!!

[1713494914]

1713494914

[Republic of Coin]

if the market runs smoothly as it is today
very easy to hit $600 at end of this year

$450 at end of nopember
$600 at end of december

 

The above number is possible. I would like a much slower and steadier rise.

$350 at end of November
$400 at end of December

[zimmah]

4 sounds like "die" in chinese, so 4000 might not be a good number in chinese eyes.

I hope we pass 4000 to 5000 quickly, because if bitcoin stays too long at 4000 maybe chinese will not want to buy it.

Once we get to 6000 and 8000 we can see some fun price action though.

[Scream]

if the market runs smoothly as it is today
very easy to hit $600 at end of this year

$450 at end of nopember
$600 at end of december

 

The above number is possible. I would like a much slower and steadier rise.

$350 at end of November
$400 at end of December

you can open https://bitcoinwisdom.com/markets/huobi/btccny
price at Huobi $354.84/2249.09 CNY

it's very easy to get $400 at HUOBI

[smith coins]

When chinese say then the chances are good to reach.
I really would be happy if the price will reach $600.
I think we should focused to the price of $400 then gradually rise to $600

[katafrag]

OP is this your opinion, or have you actually heard about this from some Chinese people? Because if this is only your opinion, OK, it's not that I don't respect it, but anyone can come with a prediction like this.

I live in Shanghai, and no one is talking about BTC.

you are !!!

The lone wolf of shangai

[Pab]

 If will come official news that China legalise bitcoin we will see 600$
Imagine Alibaba accepting bitcoin one time again.Finally China will legalise btc,becouse thay dont want leave bitcoin in shadow

[Raimonn]

600 $ before ending 2015 its a great increase of value, one month ago we could buy bitcoins at 200 $, This was 3x price. Some traders will sell before that price. We need more positive news about regulation of btc in china before going to 600 $.

[randy8777]

600 $ before ending 2015 its a great increase of value, one month ago we could buy bitcoins at 200 $, This was 3x price. Some traders will sell before that price. We need more positive news about regulation of btc in china before going to 600 $.

when the price was $220-$240 people were constanly doubting whether to buy or not. and now you see the price increased with $100. those who bought are happy now.

[quadriple7]

lets hope you are right though i dont think that it is possible

[Republic of Coin]

My original price target for end of 2015 was $300. Now it seems even $500 is possible. The price has risen fast.

[Jon Connor]

If will come official news that China legalise bitcoin we will see 600$
Imagine Alibaba accepting bitcoin one time again.Finally China will legalise btc,becouse thay dont want leave bitcoin in shadow

dude if that happened, we would see at least $2000 in a very short amount of time

[uki]

so half of the last ath is repeating itself in about the same time-frame(end of november, first days of december) and this due to chinese again, no surprise there

Yes now are entered into the same time-frame like we had in 2013 with bullish Chinese market i also think this is great time to saving our coins and hold them we can see the maximum price for BTCitcoin even more than 2013.

It is way too early to draw such a conclusion. I am not saying it is impossible, but it will be really hard to push all the markets like Mt. Gox did. I know that biggest Chinese exchanges do not have trading fees, but still the most difficult part of it is still in front of us.
 

[Scream]

if the market runs smoothly as it is today
very easy to hit $600 at end of this year

$450 at end of nopember
$600 at end of december

 

The above number is possible. I would like a much slower and steadier rise.

$350 at end of November
$400 at end of December

you can open https://bitcoinwisdom.com/markets/huobi/btccny
price at Huobi $354.84/2249.09 CNY

it's very easy to get $400 at HUOBI

current rate at Huobi $397.09/2516.4 CNY
The highest rate $402/ 2550CNY

yay!!!! 

im true

[Republic of Coin]

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

[Asrael999]

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

Mavrodi's Ponzi and the use of bitcoin to enter it.

[Amph]

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

gemini, eu vat free, chinese unofficially limit the restriciton about bitcoin, some random manipulation + noobs get sucked in + panic buy

the same story for every pump, random good news + panic buy

[katafrag]

The price rise is quite mad at present. I begin to doubt the sustainability of this dramatic rise. What is behind this rise?

Systemic failure of the Economic system

China buying hundred tons of gold and now interested in Bitcoin

[Tstar]

http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed

This is a good read regarding why we are having this chinese train to the atmosphere.

Which again brings us back to our conclusion from two months ago:

... if a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print.

[Mickeyb]

http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed

This is a good read regarding why we are having this chinese train to the atmosphere.

Which again brings us back to our conclusion from two months ago:

... if a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print.

So I guess this is a reason then. Yes, this was one of the good news and the biggest contender by far for this huge run.

I guess that Bitcoin will strive the most on the failures and bad luck of other governments and their financial systems. This is why Satoshi has designed it and released it. To help people all over the world get rid of governmental clamps and to show governments that there are other ways, not just their way.