$486 WOT the hell is going on????????

[RodeoX]

I have a crazy theory that this has something to do with the ratio between supply and demand. 

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[Denker]

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

But no one will buy at $500 because who spends $500 on a coin really?

/s

One day people have to accept that buying a whole Bitcoin will be very hard and incredibly expensive.I mean who is able to buy a whole bullion of gold just that easy?!
People will have to buy mBTC and later even smaller units.

[Mickeyb]

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

But no one will buy at $500 because who spends $500 on a coin really?

/s

One day people have to accept that buying a whole Bitcoin will be very hard and incredibly expensive.I mean who is able to buy a whole bullion of gold just that easy?!
People will have to buy mBTC and later even smaller units.

I think also that this day will come. As the price rises, we will have to learn how to operate in satoshis and honestly, people will not even notice a difference.

Maybe us, older users and early adopters will find this very nostalgic, the use of whole bitcoins but I am sure even we will get over this!

[electronicfactura]

I think this time price will go all time high and will be on permanent basis not like 2013.Now Bitcoin is more solid and well recognised and has large adoption which is constantly growing.In couple of days we will see price stable over 500 $.

[randy8777]

I think this time price will go all time high and will be on permanent basis not like 2013.Now Bitcoin is more solid and well recognised and has large adoption which is constantly growing.In couple of days we will see price stable over 500 $.

if we can manage to stay above the $1000 price level for a very long time, then we know it's real. if we go over $1000 and one week later it goes down to $800-$600 it's another fake pump.

[cptdome1]

I think this was another fake pump.  probably end up below 400 today

[Xian01]

Certainly looking that way. What a ride !

[gentlemand]

I think this was another fake pump.  probably end up below 400 today

What's your definition of fake?

[pawel7777]

Most mainstream mentions of 'blockchain' (or 'blockchain technology) don't involve Bitcoin.

What's the most secure blockchain out there?  Mhhhm, Bitcoin.

Technically closed 'blockchain' network, accessible only to interested parties (i.e. banks, to manage interbank transactions only) would be much safer. Remember that all those high profile institutions interested in 'blockchain technology' have other goals in mind than decentralisation, trustlessness, open source etc.

I think this was another fake pump.  probably end up below 400 today

Possible, I wouldn't mind if it took a short dip under 400 overnight. But we're still in up-trend.

[uki]

It's all moving too fast and definitely looks like a bubble not as steady growth. It will burst eventually, but I hope the new low will settle above $350.

Or maybe I'm just butthurt for selling at ~430 and chances of buying back at 414 look rather pale.

Blockchain is on a verge to go mainstream, enjoy the ride!

Most mainstream mentions of 'blockchain' (or 'blockchain technology) don't involve Bitcoin.

I am with you on that one. I was expecting mostly $350 as the peak of the last wave. We got till $500 in no time. That is, first, not sustainable at this pace any longer. Second, from the fundamental perspective there is nothing really significant happening recently to back this growth. Purely speculative, based on unproven volume data from China. So be it. let's see where the correction stops.


 

[pawel7777]

It's all moving too fast and definitely looks like a bubble not as steady growth. It will burst eventually, but I hope the new low will settle above $350.

Or maybe I'm just butthurt for selling at ~430 and chances of buying back at 414 look rather pale.

Blockchain is on a verge to go mainstream, enjoy the ride!

Most mainstream mentions of 'blockchain' (or 'blockchain technology) don't involve Bitcoin.

I am with you on that one. I was expecting mostly $350 as the peak of the last wave. We got till $500 in no time. That is, first, not sustainable at this pace any longer. Second, from the fundamental perspective there is nothing really significant happening recently to back this growth. Purely speculative, based on unproven volume data from China. So be it. let's see where the correction stops.

And, as expected, we're already in the 380 range (by CMC). Hope the casual traders are more thick-skinned now than in the past and they don't start panicking.

Anyhow, I bought back what I sold @430, so I call it a good day.

[QuintLeo]

Reality seems to have set in for a bit, dropped back under $400 (hit $370ish briefly on Coinbase) before it rebounded some.

 Gotta wonder when the next reality check and how big it will be.

[ShetKid]

Reality seems to have set in for a bit, dropped back under $400 (hit $370ish briefly on Coinbase) before it rebounded some.

 Gotta wonder when the next reality check and how big it will be.

yeah reality hit badly. Was on 368 on stamp and now is closing on to 382. Doesn't look like we will make it back up to 500. Some large player probably cashed out at the right time, causing the other holders to suffer

[zimmah]

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

But no one will buy at $500 because who spends $500 on a coin really?

/s

One day people have to accept that buying a whole Bitcoin will be very hard and incredibly expensive.I mean who is able to buy a whole bullion of gold just that easy?!
People will have to buy mBTC and later even smaller units.

exactly my point.

[azguard]

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

But no one will buy at $500 because who spends $500 on a coin really?

/s

The same people who bought at 1100, 1000, 900, 800, 700, ect. 500 is still a great buy if we are going back to at least our ATH

In 2013, the all time high (£1200) was 24 times of the price before the jump. The bitcoin was around $220 before the jump. The new ATH could be $5000 this time.

it would be great but think that time wont be like this
4 digits price will be great for all of us to see so 1000 would be fine
bold to place 5k in this game

[QuintLeo]

Looks like it's back into a slow sink, each roller-coaster peak and valley gets lower.

 Dunno if it will get back down to $250, but looks like we won't be seeing $500 this year.


 I do wish I'd waited a day or so to cash out what I had on hand, made a fair bit but it could have been more....

[erikalui]

Wasn't the price high yesterday as there was a Silk road auction? It's down today and one user predicted this as well.

[Asrael999]

Wasn't the price high yesterday as there was a Silk road auction? It's down today and one user predicted this as well.

The auction is later on today - this small sell off is just taking some of the pressure out of the rally - a dose of reality is a good thing - the slower the rally the more sustainable it becomes

[richardsNY]

Looks like it's back into a slow sink, each roller-coaster peak and valley gets lower.

 Dunno if it will get back down to $250, but looks like we won't be seeing $500 this year.


 I do wish I'd waited a day or so to cash out what I had on hand, made a fair bit but it could have been more....

When the price reached $500 I was hoping it wouldn't go below $400 anymore the comming weeks. Now it did go below $400 it's just waiting and hoping we'll not go sub $300 again.

[MF Doom]

I have a crazy theory that this has something to do with the ratio between supply and demand. 

I think there is a big defference between demand and a pump.  Clearly when you have price going up AND down within 24 hours there is no demand causing the variations, its being pumped and dumped.