[2015-11-27] Bitcoin Price Jump; Breaks $360

[BPnet]

http://bitcoinprice.net/bitcoin-price-jumps-for-about-12-360-mark-reached/

[1714767163]

1714767163

[enthus]

i am very happy with this news, bitcoin recovering from short term drop to $310USD after big boom. Now for steady grow up!

[okae]

Ofc that all bitcoins will be happy because of that, but dont forget that this is just the beginning, in 2016 i expected to see the price to grow up at least x2 because of the halving.

But what will made me more happy, will be to see the price stable after the halving.

[maku]

I am surprised. This price increase doesn't look like start of a new bubble but rather somewhat stable price.
I guess Christmas seasons, Black Friday sales and overall near end of year optimism is taking over people minds.
I will expect even higher price in December!

[Kprawn]

I am not that optimistic about a possible increase to the end of December. We need significant adoption for this too happen, and these holidays will in my opinion hurt the price.

The serial hoarders, might just be tempted to spend a bit of coins during these periods and then we will surely see a drop in price. If you have a situation where merchants use

payment processors and all purchases are converted to fiat immediately.. the price will have to go down, with the extra coins being dumped on the exchanges.