UPDATE

[Apraksin]

Is there a way to understand why the value is skyrocketing?

Not likely. Sit back and enjoy the show. Don't sell your coins cheap.

[electronicfactura]

Bitcoin's price are trying to reach to its true value which was suppressed for long time.It is correction and prices are to go much higher this time solidly and on permanent basis to remain there.

[jtalk]

I do agree with those who say don't sell your bitcoins so cheap.There should price for 1 bitcoin at least 2k-3k $ for current period of time.Price are moving in right direction and still is time to get the train on while it is slow.

[prodigy8]

If there aren't any pump then i should look for an answer.
Currently i hink that the chinese exchanges are pumping the price.
And this time harder than ever, for a long time since the time when the price was $1,000

[amiryaqot]

Bitcoin's price are trying to reach to its true value which was suppressed for long time.It is correction and prices are to go much higher this time solidly and on permanent basis to remain there.

Yes that is more like price is getting correction as so many trade experts said price will get floor around $600 before end of this month or maybe can go more higher this than.

[prodigy8]

Price is going higher with natural growth so i am enjoy this golden era.

I don't think that the recent increase is natural growth.
I think that it is more than pumps from the chinese people.
The price can go even more higher if they do not stop

[abonarea]

This is happening because of injected money of Chinese investors and the way it is growing don't seem natural growth at all.If it was slow but steady increase over the time that could be considered normal.Where it will stop we don't know but this time it seems to reach a new all time high in coming weeks or months.

[mcfom]

What happening that is really great and like most wonderful i hope this will continue and will reach $1000 very soon.

[pixl8tr]

And it's gone.....   $51 drop in 15 minutes.
      Hopefully just the dumpers getting the greed out of their system again.   

[newcripto]

It is quite normal to see dumps happening while it is going upwards.I personally see prices going at 1000 USD this time and then some stability in price for couple of weeks and then again boom in price after halving of blocks next year.

[Hyena]

And it's gone.....   $51 drop in 15 minutes.
      Hopefully just the dumpers getting the greed out of their system again.   

You haven't seen shit yet. Even a rise of 200$ followed by a fall by 300$ before rising again 400$ in 24 hours is a perfectly normal market action at times of super bullish price discovery. Until the rally lasts it will always recover and conquer even greater heights. Every time it crashes like that could be the final time but we will never know. For example, we might run up to 10000$ per BTC, then fall down to 6000$ temporarily, only to capture 17777$ the next day. The swings will get bigger as the climax gets closer.

[azguard]

what we all w8 for long time price is rising and this is good
lets just hope that some altcoins were following this jump or this will be only for btc

[n2004al]

what we all w8 for long time price is rising and this is good
lets just hope that some altcoins were following this jump or this will be only for btc

Now that the big euphoria has gone and all us who hoped the verified of our big dream to see finally bitcoin at high levels of price are quieter, can be made the reflections from all this pleasant event. We had a very high increase of the price of bitcoin which reached more than 100% of its initial price. A jump which honor bitcoin. But then, slowly and with steps, this increase become decrease. Until today this price is not yet arrived at the initial price but seems to be stopped or move up and down at the level of 30%-35% above the initial one. I think that yet is a very good price if bitcoin will remain here. Will testify a real increase of demand and further spread of it and if this is true this price will be the beginning of the newer one cycle. Which maybe will repeat the same cycle as it was the last. And if this story will continue in this way, that will be the verification of our dream. Bitcoin at the price wondered by all of us. Go for it! Slowly but sure.

[acroman08]

Is there a way to understand why the value is skyrocketing?

sad to say that the skyrocketing didnt have enough fuel to go full blast till the end of the month.
but its ok, we wil havel our rocket fuelled next year maybe?

[sana9821]

i doubt that someone can understand the price of bitcoin or predict what price will be after some time we can only speculate

[LuckyYOU]

Is there a way to understand why the value is skyrocketing?

Not likely. Sit back and enjoy the show. Don't sell your coins cheap.

330 is expensive if you bought at 240, but cheap if you look at the potential.

For me the currency price is ok, with a stable rise of 5% each month, till july 2016, slow but steady progress is what we need.

[AncilVTwo]

i doubt that someone can understand the price of bitcoin or predict what price will be after some time we can only speculate

ya there really havent been many accurate predictions of the price changes this year. the bubbles just come and go.

[randy8777]

Is there a way to understand why the value is skyrocketing?

Not likely. Sit back and enjoy the show. Don't sell your coins cheap.

330 is expensive if you bought at 240, but cheap if you look at the potential.

For me the currency price is ok, with a stable rise of 5% each month, till july 2016, slow but steady progress is what we need.

every current price is nothing more than a dot when you are willing to hold your coins for years. the reward by that time for your patience will be huge.

[mhanbostanci]

The essence of business: supply-demand balance
society would be whatever he wants
determine market demand
but still
Please carefully follow

[AncilVTwo]

the price is slowly decreasing because more people are dumping their coins then the people want to buy< atleast thats my theory.