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Author Topic: Well that escalated quickly  (Read 2407 times)
tomsanders
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November 04, 2015, 11:44:47 AM
 #1

Well what can I say the price of bitcoin has escalated quickly!

What are peoples views.. will this keep going or are we soon going to suffer a rather big come down?

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pedrog
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November 04, 2015, 11:49:49 AM
 #2

It can go very high, like all time high.

Everyone likes to give their opinion but no one really knows what the future will bring us.

What a time to be alive. Smiley

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November 04, 2015, 11:51:31 AM
 #3

some people say its bubble till its bubbles more up on the mining halfing blocks like till june and 2016 all over brings a good bitcoin rais even the crhistmas its not putting it down
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November 04, 2015, 11:52:22 AM
 #4

i hope the price will rising up to 1000$ or more, as long im still holdin my btc,it'll give me more profit

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November 04, 2015, 11:52:34 AM
 #5

Well what can I say the price of bitcoin has escalated quickly!

What are peoples views.. will this keep going or are we soon going to suffer a rather big come down?



Yep, so quick that a sudden drop can't be removed in peoples thought if ever. Grin
I think we are only at yhe beginning tho, there is no telling to which point this trend will stop but with the current price increase, I think there are more to come. Smiley
tomsanders
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November 04, 2015, 11:53:14 AM
 #6

personally due to the sudden rise in price... sooner or later someone is going to dump a rather lot of coins causing a drop and then people will follow suit.. i would like to be wrong but the price has gone up too quick for it to stay stable?
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November 04, 2015, 11:59:47 AM
 #7

Me too, I was greatly moved when I learned that the price ESCALATED SO QUICK that I have to check all the available bitcoin price ticker to see whether it is real or not. :v Good thing that I haven't sold yet. Looks like this is going til new ATH. Small corrections have been present lately and we managed to get off of it with quick rebounds,

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November 04, 2015, 12:18:21 PM
 #8

Yup! I think it will still goes up until tomorrow in some of my source was right hehe just kidding I have read some article about investors predicting the bitcoins movement and by november 5 it is great to convert your bitcoins by then before it goes down,  I wish it will not go down Sad


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November 04, 2015, 12:20:11 PM
 #9

personally due to the sudden rise in price... sooner or later someone is going to dump a rather lot of coins causing a drop and then people will follow suit.. i would like to be wrong but the price has gone up too quick for it to stay stable?


there won't be dumps forever in the range of 230-1200, because it was a range that was already played, the more you play on the same, the more buyers you have at that range

this translate into less dumping after a certain amount of time
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November 04, 2015, 12:27:05 PM
 #10

Do people not think when the auction comes that will cause a drop in the price or cause it to increase more?
Watoshi
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November 04, 2015, 12:29:35 PM
 #11

This can go up to 3500 now. Most people would not dump below 1500.
tomsanders
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November 04, 2015, 12:37:12 PM
 #12

$1500??? never
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November 04, 2015, 12:38:04 PM
 #13

Well what can I say the price of bitcoin has escalated quickly!

What are peoples views.. will this keep going or are we soon going to suffer a rather big come down?
Nobody knows anyway. Chinese market are crazy. Bitcoin just hit $450 for the first time in 2015.

People here would be happy if bitcoin continue to rise. But i think price stability is more important. Let say about $500-600 Cheesy.
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November 04, 2015, 12:38:36 PM
 #14

could it be the government pumping it up to sell the coins for higher price

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November 04, 2015, 12:39:39 PM
 #15

well it will be interesting to see what happens after the auction. imagine the pump if it happened after the sale that guy would be making some serious profit

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November 04, 2015, 12:40:42 PM
 #16

It would be nice for it to keep rising but the problem is that good things will come to a end...it cant possibly keep rising at the rate it is going currently... well i say its cant happen. i would like to see what the auction would do to the market.

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November 04, 2015, 12:41:21 PM
 #17

Well what can I say the price of bitcoin has escalated quickly!

What are peoples views.. will this keep going or are we soon going to suffer a rather big come down?



Historically it seems like we always have a quick drop off when the price rises, but now weve gone up ~$200 or so, I would have expected it to already dropped.  Maybe this time is different!
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November 04, 2015, 12:42:39 PM
 #18

could it be the government pumping it up to sell the coins for higher price
Possibly not, governments do not publicly own much coins and they do not support it either. And why specifically there?


The prices has been rising crazily over the past few hours or days. Judging on the prices on Chinese exchange, I would say the main reason is due to the lifting of restrictions on the deposits on the chinese exchanges.














 

 

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tomsanders
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November 04, 2015, 12:43:58 PM
 #19

could it be the government pumping it up to sell the coins for higher price
Possibly not, governments do not publicly own much coins and they do not support it either. And why specifically there?


The prices has been rising crazily over the past few hours or days. Judging on the prices on Chinese exchange, I would say the main reason is due to the lifting of restrictions on the deposits on the chinese exchanges.


This is true but the problem is someone is sitting with a rather lot of BTC waiting until they think it wont go much further and dum all his coins and make a tidy return.
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November 04, 2015, 12:44:20 PM
 #20

It's still way to bloody early to call a top on this yet, the momentum is akin to the 2011 and 2013/2014 rallies when it moves at this pace the market just appreciates for a while either way I'm looking forward to 1 Grand for now and some.
How far into new territory it goes is the question until I feel a pace change to a stable level just going to say its going up.
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