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Author Topic: 360$ , what going on ?  (Read 5251 times)
Wei H
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November 27, 2015, 10:16:41 AM
 #61

Just sold some coins at 320$ yesterday, you're definatly kidding me, right?
1Referee
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November 27, 2015, 10:19:33 AM
 #62

Just sold some coins at 320$ yesterday, you're definatly kidding me, right?

As long as you have made a profit, then there is nothing to worry about. I had sold some coins at $365 during the previous rally. The price then went to $500 shortly after me selling at $365 Cheesy
The Sceptical Chymist
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November 27, 2015, 10:26:05 AM
 #63

And this, my friends, is why I like holding bitcoin.  You don't need to play digital slot machines or any of that other garbage as long as you just own some btc.  The volatility--sometimes--is astounding.  Yes, we've been stuck in a range for a while now but you just can't beat the price swings for your weekly entertainment. 

On the other hand, this is why btc sucks as a currency.   Angry

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jacktheking
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November 27, 2015, 10:31:59 AM
 #64

I actually predict that the price of Bitcoin would increase during this holiday season because of Black Friday and Cyber Monday deals. Well, the reason might not be right but I still predicted that the price increase. Was kind of shock to see that Bitcoin increase from 330 USD to 356 USD yesterday night. Good to see that it is staying at 360.0 USD at preev.com now. I hope that it will stay at this rate and not increase anymore*.

Gotta make some Bitcoin before my campaign drop rates again ... LoL!

So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.

Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!

Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
Mickeyb
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November 27, 2015, 10:33:42 AM
 #65

And this, my friends, is why I like holding bitcoin.  You don't need to play digital slot machines or any of that other garbage as long as you just own some btc.  The volatility--sometimes--is astounding.  Yes, we've been stuck in a range for a while now but you just can't beat the price swings for your weekly entertainment. 

On the other hand, this is why btc sucks as a currency.   Angry

Enjoy the swings while they last! In few years all this volatility will be a history. Just wait until we don't grow big enough.

On the other side, we will be great currency when this happens! Smiley
pattu1
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November 27, 2015, 10:35:27 AM
 #66

Just sold some coins at 320$ yesterday, you're definatly kidding me, right?

Unless you were planning to buy back those coins quickly, this won't impact you.
The price may decrease after the Bitcoin Black Friday weekend.
ThunderThomas
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November 27, 2015, 10:59:44 AM
 #67

Guys, black friday is here, not much is happening right now though.

The past week I've seen post about this black friday hype, I still have to see what that was all about.

I'm glad it went up yesterday, not by much but i'm satisfied. Anything going up is good.

tn211
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November 27, 2015, 11:13:06 AM
 #68

What is going on will Bitcoin is increasing.

I like it and I want to stay like that.
Denker
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November 27, 2015, 12:05:32 PM
 #69

Probably a pump caused by the nearing black friday event. Looking from the previous charts, this scenario happened too, only to be followed by a dump after the event.

Yes this could be the reason. People buy Bitcoin to spend it on black friday. Right now price has increased because of that. And when people spend this coins andit gets converted back into dollars, euro by merchants and also the traders who might take advantage of that event and also dump some of their coins, price will drop again. In the end it will be zero sum game I believe. No big gains but also no big loss regarding the chart.
randy8777
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November 27, 2015, 12:12:07 PM
 #70

I actually predict that the price of Bitcoin would increase during this holiday season because of Black Friday and Cyber Monday deals. Well, the reason might not be right but I still predicted that the price increase. Was kind of shock to see that Bitcoin increase from 330 USD to 356 USD yesterday night. Good to see that it is staying at 360.0 USD at preev.com now. I hope that it will stay at this rate and not increase anymore*.

Gotta make some Bitcoin before my campaign drop rates again ... LoL!

there is always money to be made with signature campaigns, don't worry. you are right when it comes to signature campaigns decreasing pay rates when the price is only going up. they are finding the right balance between reward in btc and the fiat value of it. you'll most likely ending up getting the same amount in fiat, but with less btc with every pay out Smiley
Zaun
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November 27, 2015, 02:43:47 PM
 #71

This good right that bitcoin is increasing?

Well I wish I had bought Bitcoin and sell it now.
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November 27, 2015, 03:05:18 PM
 #72

What is going on?Huh The price of Btc is rising that is going on Cheesy
AndySt
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November 27, 2015, 03:12:05 PM
 #73

The price is as if it rests on the invisible line and bounces back. The near future price behavior of bitcoin is not completely clear and predictable.
Hashminers
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November 27, 2015, 03:30:37 PM
 #74

What is going on?Huh The price of Btc is rising that is going on Cheesy

Hahaha yeah that is really good, but some people wanted to buy some bitcoins and now is realy expensive.

Oh well I have Bitcoin in time I just hope that increase more.
richardsNY
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November 27, 2015, 04:10:18 PM
 #75

What is going on?Huh The price of Btc is rising that is going on Cheesy

Hahaha yeah that is really good, but some people wanted to buy some bitcoins and now is realy expensive.

Oh well I have Bitcoin in time I just hope that increase more.

Bitcoin isn't really expensive. It might look like so for the moment, but it's more than a solid investment for people who are willing to hold their coins for the long term.
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November 27, 2015, 06:11:13 PM
 #76

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 Sad
A massive price increase in just one day is illogical and the only thing that can explain this was just another pump Roll Eyes
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.

Why is everyone so bewildered by this price increase?  There's been many articles pointing to a recent increase in mining difficulty.  On November 24, the mining difficulty jumped by about 10%, so it's not any surprise that the price of bitcoin jumps by relatively the same 10% amount:
https://bitcoinwisdom.com/bitcoin/difficulty
I didn't even know why the price suddenly spiked like that either. The mining difficulty news would of course be a defining factor in this increase and the holiday spending would be another. Sort of like a snow ball effect going on here. The perfect storm if you will and end of November is where the eye of it is.

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November 27, 2015, 06:56:29 PM
 #77

If we would know what's going on we become rich, but we're still in this forum. So nobody knows. Cheesy
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November 27, 2015, 09:45:10 PM
 #78

If we would know what's going on we become rich, but we're still in this forum. So nobody knows. Cheesy

The price rise could just be a blip. It will come down soon. Nobody knows the reason for the quick rise.

mixan
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November 28, 2015, 12:41:34 AM
 #79

If we would know what's going on we become rich, but we're still in this forum. So nobody knows. Cheesy

The price rise could just be a blip. It will come down soon. Nobody knows the reason for the quick rise.
It sure seems that way now. It is going down again back to 357 in no time.  Embarrassed

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November 28, 2015, 06:02:04 AM
 #80

Just sold some coins at 320$ yesterday, you're definatly kidding me, right?
Nope dude he is right. I was seeing yesterday morning it was around $325 and after evening I checked the price It was 359$. As per current time now 359.09$ for 1 BTC. Actually this is good growth and expecting more to increase
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