Well that escalated quickly

[Bitcoininspace]

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.

It certainly is. Exciting times a head of us people.

Someone should make a thread for what they think the new ATH will be. Hmm might just make one myself. 

[eGuru]

Call me a skeptic, but I have heard it floating around for a while and now am hearing some people come forward about it. There is a certain China based group that may be assisting with this pump in price. This happened back in the early 90s as well (obviously not with btc). This involved a similar ponzi group with a similar group name. IF they are involved with this then when they dump they will spiral it down fairly quickly.

[Shinpako09]

I guess it will reach $500 mark before the day end. And I think in the second week of november it will hit around $600 to $700 price.

[YuginKadoya]

This can go up to 3500 now. Most people would not dump below 1500.

Are you sure it's gonna up that high? that is a very unrealistic predictions you got there, in my thoughts it will just go up to $550 that is the safest prediction you can say until the halving occur

[Kakmakr]

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

Most of the movement seem to come from the Chinese markets and that auction will benefit the US government. I doubt that the US will channel money via China to pump the price for a higher selling price at auction. We will just need to ride this out to the end, but I know it is a good time to buy Xmas gifts now.

Some news has had a delayed reaction from investors, and I think positive sentiments coming from the Chinese government, has had a lot to do with this.  

[Bitcoininspace]

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.

It certainly is. Exciting times a head of us people.

Someone should make a thread for what they think the new ATH will be. Hmm might just make one myself.  

Thread created with poll. Vote and let's see some stats going on people's assumpions.

https://bitcointalk.org/index.php?topic=1237323.0

[Amph]

This can go up to 3500 now. Most people would not dump below 1500.

Are you sure it's gonna up that high? that is a very unrealistic predictions you got there, in my thoughts it will just go up to $550 that is the safest prediction you can say until the halving occur

many bought at 600+, and they will not sell for less, and other have bought at 1k also, why it should stop at a mere 550?

no sense to me, this cna surpass easily the last ath, 3500 is not an unrealistic estimate

[YuginKadoya]

many bought at 600+, and they will not sell for less, and other have bought at 1k also, why it should stop at a mere 550?

no sense to me, this cna surpass easily the last ath, 3500 is not an unrealistic estimate

Well that is just my opinion, and some speculations that I have just red that is why I come up with $550 but is it good that bitcoin is still going up, if this keeps up it will certainly reach the 1k last speculation that I think bitcoin will hit.

[zimmah]

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.

Because governments have never done anything behind our backs, right?

/s

[n2004al]

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?

Is going high like an arrow just released from its arc. But I agree that the main concern is and will be the sustainability of this "high". It will be ably this fast bitcoin to stay there where will be stopped. Or at least near that amount? This is the 1 million us dollar question to be solved. It is hard to believe that it will be seeing its story.

[vmatheboss]

i'd be happy seeing it reach another 100.... i got scared at the early early 300 and sold some then bought back last night at mid 400s.... hopefully it will shoot up even higher soon...

[tomsanders]

just looking at the graphs its seems to be levelling out for the past few hours...... if anything its starting to go down....

dammm......

[Ayle56]

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.

In 2013 there were lots of retraces when the price crashed before continuing up. The biggest one was when the US held meeting to decide whether to ban Bitcoin, and it sticks out on this chart like a sore thumb. The minute they announced they weren't going to ban it the price shot straight back up.

[tomsanders]

This is true.... im personally looking forward to see what the auction will do to the price...

[Mickeyb]

This is true.... im personally looking forward to see what the auction will do to the price...

Not much in my opinion. Whoever buys in these auctions will not sell right away. Buyers in these auctions are actually paying over the premium just so they could buy large amount of bitcoins at the same prices. As this wouldn't be possible on regular exchanges without pushing the price through the roof.

Nothing has happened to the price after other auctions so nothing will probably happen after this one either.

[xetsr]

and it's ending just as quick. just seen ~$402 at bitstamp, though it did just bounce back to ~$420 minutes later. looks like it's heading the other way now.

[DiamondCardz]

Told people not to start taking out loans believing that the Bitcoin price would keep increasing. I assumed that the BTC price was still hovering around $400 until I checked Bitstamp on my phone at around 1:30pm (UK time) today, imagine my surprise when we were just shy of $500 in such a short time period. That should already raise a flag about a bubble

[zimmah]

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.

In 2013 there were lots of retraces when the price crashed before continuing up. The biggest one was when the US held meeting to decide whether to ban Bitcoin, and it sticks out on this chart like a sore thumb. The minute they announced they weren't going to ban it the price shot straight back up.

ironic how bitcoin is supposed to be the currency of financial freedom.

the thread of being restricted should not matter all that much.

[eGuru]

Told people not to start taking out loans believing that the Bitcoin price would keep increasing. I assumed that the BTC price was still hovering around $400 until I checked Bitstamp on my phone at around 1:30pm (UK time) today, imagine my surprise when we were just shy of $500 in such a short time period. That should already raise a flag about a bubble

Assume I'm not the first to post this, but that graph of yours DiamondCards is very detailed and accurate. I love it. hahah.

[tomsanders]

Looking at the price now... UK time 09:35 at £243 down 12% on yesterday already... has the bubble been popped.