~415 - Break out up, or down?

[uki]

some hours ago  bitcoin price down under $350
and i see some good news like http://www.coindesk.com/bitcoin-taiwan-retail-familymart/

i hope we can reach $400 again in this week

I don't think that if some retail store in taiwan starts to accept bitcoin it would move the price up.

I also don't think this news has any influence on the price. We need real fundamental news to start thinking about fuelling the next leg up. There are plenty of potential dates when such an event may happen, with the closest one being the workshop on Bitcoin in December. Stay tuned.
Otherwise, these all 'news' just serve nothing and we observe simply the regular volatility of Bitcoin: we are stable at around $350, with $50 moves in each direction.

[r3t4rD4life]

Really didn't expect for this thread to be relevant still, but it seems 360 is the magic number. Break up, or down? I must know now!

[randy8777]

Big drop in this morning, in coindesk from 379 down to 364.

I think this price have manipulated by some people who do not want bitcoin going to 400.

it's what we consider a normal correction nowadays. i won't be surprised if we see the price back at $380 tomorrow or the day after that. it goes up $20, and it goes down $20. it's very predictable. people make nice profits when they ride these waves.

If it's so predictable then I can assume you put your buy orders in at 360, and your sell orders in at 380 right? because it's just going to bounce from 360 to 380 and back to the end of time right, no risk involved 

i do some day trading from time to time. and yes, i do use these price swings to make some profit. otherwise i wouldn't mention it

[uki]

Really didn't expect for this thread to be relevant still, but it seems 360 is the magic number. Break up, or down? I must know now!

I think we will just move sideways. That is, we stay around $350, with max. $50 swings in each direction. If you like to trade these swings, the rest you have to figure out yourself. DYODR always before trading, don't look for hints on the forum, as it is purely your own responsibility for the trades you take.

[gerald-80]

Probably by the new years it go down to same 200$ level again like 2014

[AtheistAKASaneBrain]

It could go both ways now, if you are a believer and see all those good news racking up, you will think it's going up. If you are a hater for some reason, nothing will change your mind and you will think it will go down because goverments will crush and whatnot. What im trying to say is, we can't really know what's going to happen for certain. Personally, I think it is incredibly obvious right now that everyone is waiting to see what the next guy is doing about Bitcoin because they still don't get it.

[traderbit]

It could go both ways now, if you are a believer and see all those good news racking up, you will think it's going up. If you are a hater for some reason, nothing will change your mind and you will think it will go down because goverments will crush and whatnot. What im trying to say is, we can't really know what's going to happen for certain. Personally, I think it is incredibly obvious right now that everyone is waiting to see what the next guy is doing about Bitcoin because they still don't get it.

There are ups and downs at the moment and the price goes from $360 up to $370.
The end of the year's holiday are coming and we can expect a drop by the end of the year.

[uki]

It could go both ways now, if you are a believer and see all those good news racking up, you will think it's going up. If you are a hater for some reason, nothing will change your mind and you will think it will go down because goverments will crush and whatnot. What im trying to say is, we can't really know what's going to happen for certain. Personally, I think it is incredibly obvious right now that everyone is waiting to see what the next guy is doing about Bitcoin because they still don't get it.

I think people too much focus on the news. Bitcoin, if it is to go anywhere, needs fundamental developments to further increase the adoption and that is the only way to have a healthy next leg up. Otherwise, we are talking about speculation pump and dump, which if repeats frequently may kill the idea in the long run.

[1Referee]

It could go both ways now, if you are a believer and see all those good news racking up, you will think it's going up. If you are a hater for some reason, nothing will change your mind and you will think it will go down because goverments will crush and whatnot. What im trying to say is, we can't really know what's going to happen for certain. Personally, I think it is incredibly obvious right now that everyone is waiting to see what the next guy is doing about Bitcoin because they still don't get it.

I think people too much focus on the news. Bitcoin, if it is to go anywhere, needs fundamental developments to further increase the adoption and that is the only way to have a healthy next leg up. Otherwise, we are talking about speculation pump and dump, which if repeats frequently may kill the idea in the long run.

The current exchanges allow it to be used for pump and dump activities. If we had 1 global exchange with 1 orderbook, just like for example the Nasdaq. That will make it much harder for people to manipulate the price. Right now there are plenty of orderbooks which of most of them are a joke.

[LMGTFY]

The current exchanges allow it to be used for pump and dump activities. If we had 1 global exchange with 1 orderbook, just like for example the Nasdaq. That will make it much harder for people to manipulate the price. Right now there are plenty of orderbooks which of most of them are a joke.

That's pretty easy to do with stocks - the exchange simply says a condition of being listed on the exchange is that it's solely listed on that exchange, and no others.

I'm not sure it's possible with FX, though - the market is decentralised already, you can trade Renminbi (CNH) in London, GBP in Singapore and USD pretty much anywhere.

Ultimately I think it'll be the BTC market maturing that'll have the best chance of solving this. (Though I can still remember Soros manipulating GBP in the 80s, so a perfect solution may not be possible).

[Pab]

Nice stabilisation on 360$ level,bitcoin is like a rock now.good prognosis for future

[uki]

The current exchanges allow it to be used for pump and dump activities. If we had 1 global exchange with 1 orderbook, just like for example the Nasdaq. That will make it much harder for people to manipulate the price. Right now there are plenty of orderbooks which of most of them are a joke.

That's pretty easy to do with stocks - the exchange simply says a condition of being listed on the exchange is that it's solely listed on that exchange, and no others.

I'm not sure it's possible with FX, though - the market is decentralised already, you can trade Renminbi (CNH) in London, GBP in Singapore and USD pretty much anywhere.

Ultimately I think it'll be the BTC market maturing that'll have the best chance of solving this. (Though I can still remember Soros manipulating GBP in the 80s, so a perfect solution may not be possible).

I also think that the dominance of p&d activities in the price trend is mainly the sign of the immaturity of Bitcoin market. One global exchange wouldn't be the solution either, as one can currently manipulate the price on big volume Chinese exchanges the same would be doable on a bigger scale on one exchange. But I believe one of the main points behind the introduction of Bitcoin was to go in the opposite direction, i.e., against the regulatory forces that control the current fiat system towards a fully distributed payments system.

[busybee7]

price is again up to 360 dollars though i think it wont rise too much just yet lets hope im wrong about it

[r3t4rD4life]

Welp, 360 clearly broke upwards. Now it seems like a jump is incoming from 415. Down to sub 400, or up to 450+?

[panju1]

Welp, 360 clearly broke upwards. Now it seems like a jump is incoming from 415. Down to sub 400, or up to 450+?

I suspect the move would be upwards.
A lot of momentum has been built up.

[LuckyYOU]

Welp, 360 clearly broke upwards. Now it seems like a jump is incoming from 415. Down to sub 400, or up to 450+?

I suspect the move would be upwards.
A lot of momentum has been built up.

I think it will go up as well. If it keeps going up the way it's been going, we'll see $500 in the next two weeks.
I wouldn't mind it if it would stay at a stable $400 either.

[BitMaxz]

There's a sign today that the price should be $500 above.
It will increase more sooner or later the price is above $450. just keep watching.
This is our dream and keep our bitcoins ready.
I'm so happy that the price 410-420 broke.

[Siftanfib]

The price is over $430 now. It might break $450 very soon, then it will go up to $500. Although I want the price to rise slowly.

[TastyChillySauce00]

my prediction price will be going up and reach 445$ at monday, i can make it sure because there's no sign that indicate bitcoin is going down (people selling bitcoin suddenly and massly) and probably because of satoshi news

[HarryKPeters]

It's going up and up. Not sure when it will stop but momentum seems to be on this time. The high? propably somewhere between 450 and 500.
I don't expect a 600 price anytime soon.