360$ , what going on ?

[OmegaStarScream]

So what's going on , just yesterday when I came back form school I checked preev and it was like 325$ or something like that , and now I checked once again and the price seem to be 360$~ .
In your opinion , what exactly caused this ? and is it going to continue like it did before till it reach 500$ or something near that .

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[SFR10]

I didn't expect that to happen yet but the only possible reason I see is that increase in demand in terms of more users buying BTCitcoin for the event tomorrow so they could snatch some great deals using BTCitcoins so it could decrease after it. Also I did a research in case there's something but couldn't find anything that points directly. There's even some analysis that so far has been wrong: http://cointelegraph.com/news/115730/daily-bitcoin-price-analysis-bearish-trend-still-relevant

[richardsNY]

I also didn't expect this sudden price increase. I really hope this is not another hot air pump that will vanish after a week or so. That would be sad.

[Morecoin Freeman]

I called this last week.

My strategy: Buy and hold because we will break $350 soon. Best of luck.

There is definitely a reason behind this madness, which I can not share.
But yea, still a great time to buy-in. Enjoy the ride.

[dloghwak]

I also didn't expect this sudden price increase. I really hope this is not another hot air pump that will vanish after a week or so. That would be sad.

We settled about 100$ higher after the last 'hot air' pump, that's not that bad.

[teddy5145]

I also didn't expect this sudden price increase. I really hope this is not another hot air pump that will vanish after a week or so. That would be sad.

Hate to say this but this is just another pump
A massive price increase in just one day is illogical and the only thing that can explain this was just another pump
Im pretty sure the price would get back to normal after black friday ends

[manis]

I also didn't expect this sudden price increase. I really hope this is not another hot air pump that will vanish after a week or so. That would be sad.

Not many expected it.
Even if we don't hold all the gains made so far, we could be setting new floors.

[maokoto]

I didn't expect that to happen yet but the only possible reason I see is that increase in demand in terms of more users buying BTCitcoin for the event tomorrow so they could snatch some great deals using BTCitcoins so it could decrease after it. Also I did a research in case there's something but couldn't find anything that points directly. There's even some analysis that so far has been wrong: http://cointelegraph.com/news/115730/daily-bitcoin-price-analysis-bearish-trend-still-relevant

It is likely this I think. But I did not think about it until you mentioned it.

Seems it is going down already, and won't last very much. Sold some BTC and expecting to buy them lower lol.

[richardsNY]

I also didn't expect this sudden price increase. I really hope this is not another hot air pump that will vanish after a week or so. That would be sad.

Hate to say this but this is just another pump
A massive price increase in just one day is illogical and the only thing that can explain this was just another pump
Im pretty sure the price would get back to normal after black friday ends

I can't find anything that might indicate why the price has gone up this much. So yes, it definitely looks like another hot air pump. Let's see what happens after black friday.

[rickadone]

I also didn't expect this sudden price increase. I really hope this is not another hot air pump that will vanish after a week or so. That would be sad.

We settled about 100$ higher after the last 'hot air' pump, that's not that bad.

Yes we need to get satisfied after the last bump for getting some $100 hike with the stable in bitcoin price range. That must be a biggest leap if we consider last 10 months of bitcoin trading. Hope for same thing happen again with this current bump also.

[acroman08]

Not sure if this will contue a one day event won't have that big of an impact for btc it may reach $400
But it won't pass $500.

[InvoKing]

[...] now I checked once again and the price seem to be 360$~ .
In your opinion , what exactly caused this ? and is it going to continue like it did before till it reach 500$ or something near that .

~357$ now in preev but I should say that I didn't expect the bitcoin price to reach 350$ in November.
I read yesterday that a spike happened on the Chinese exchanges, don't know if this has a relation with it.

[bhodson]

All the talk about black Friday and huge savings for people buying with bitcoins would be my guess.

[richardsNY]

All the talk about black Friday and huge savings for people buying with bitcoins would be my guess.

The current rise in price will definitely stimulate people to spend their coins more actively on black friday and even on cyber monday. 10% rise today means you can buy 10% more with the same amount of coins. That's amazing isn't it? 10% more purchasing power, and maybe even more if the price keeps going up.

[croato]

Just got home and saw this, great! I think that could be influence of that black Friday event, just hope merchants will not dump all coins right after.

[clixcoin]

It is beginning of new trend price will go up and i am sure we will see $400 before end of this month as still some bullish sign exist there so just wait and hold for great future.

[safari88]

Not sure if this will contue a one day event won't have that big of an impact for btc it may reach $400
But it won't pass $500.

no one can predict the price of bitcoin, in fact today bitcoin go so quickly to $360. whereas my previous prediction prices will stable at $320.

yes I agree, it will touch $400 but not $500

[Struble]

I didn't expect this to happen today, but it's really great to see how the price is going up.

Really excited, I'm just going to sit back and watch it all happen.

Who knows, we might hit $400 by the end of the day.

[Moneyburner]

It seems most likely that people are buying in for black friday. However, it also means that we may get a new floor set which will be nice.

[jtalk]

I was expecting this to happen at start of December but this has sudden rise any way this good and I am not wonder.Bitcoin's price was under valued and this will take the price to it right value in recent speculation.