BTC at $435. Is it sustainable?

[KaChingCoinDev]

Bitcoin has been on the rise, currently at $435. Is this a sustainable number, or is it a momentary spike because of the news?

[LFC_Bitcoin]

There hasn't really been any news to cause this pump so I don't know if it's sustainable. I hope so. We'll soon find out though.

[oblomov]

It may pull back a little here, but long-term, the rise is sustainable in my view.

[Amph]

There hasn't really been any news to cause this pump so I don't know if it's sustainable. I hope so. We'll soon find out though.

well the last pump reached 500, so i'm assuming we are just returning there, if bitcoin is waiting everytime  good news to increase, then we will not have a high price ever

anyway you need to move this on the specualtion board OP...

[KaChingCoinDev]

There hasn't really been any news to cause this pump so I don't know if it's sustainable. I hope so. We'll soon find out though.

I was referring to all the hype caused by "Satoshi" right now. It may be drawing interest and so more people are purchasing.

[KaChingCoinDev]

There hasn't really been any news to cause this pump so I don't know if it's sustainable. I hope so. We'll soon find out though.

well the last pump reached 500, so i'm assuming we are just returning there, if bitcoin is waiting everytime  good news to increase, then we will not have a high price ever

anyway you need to move this on the specualtion board OP...

Sorry. How do I do that?

[crazyivan]

It may pull back a little here, but long-term, the rise is sustainable in my view.

This. More and more people realize block halving which BTC ll face in July next will permanently half BTC supply. This is gonna push BTC up big time and this price growth might easily generate snowball effect.
Last big price jump over 1k was purely speculative. This one s different, it s based on actual supply and demand for crypto.

[KaChingCoinDev]

It may pull back a little here, but long-term, the rise is sustainable in my view.

This. More and more people realize block halving which BTC ll face in July next will permanently half BTC supply. This is gonna push BTC up big time and this price growth might easily generate snowball effect.
Last big price jump over 1k was purely speculative. This one s different, it s based on actual supply and demand for crypto.

It's not going to halve the bitcoin supply, rather it will be halving the block reward (i.e. bitcoin production.) The same Bitcoin amount will be produced, it will just take a longer time to produce it.

[doublemore]

Bitcoin has been on the rise, currently at $435. Is this a sustainable number, or is it a momentary spike because of the news?

Its only a little more than the price of last year, i dont think its not sustainable for sure. 

[Raimonn]

Bitcoin has been on the rise, currently at $435. Is this a sustainable number, or is it a momentary spike because of the news?

It will be sustainable if users agree to buy at this levels or higher ones, if not bitcoin will decrease its price. There aren't important news about bitcoin, i think big news will come next year with the halving.

[DimensionZ]

So the halving next year will cause the price of bitcoins to increase or decrease?

[agustina2]

Bitcoin has been on the rise, currently at $435. Is this a sustainable number, or is it a momentary spike because of the news?

You can't just see the "sustain" thingy in just a matter of few hours. Just wait for about more hours or preferrably more days then comeback here.

[WENGER]

Hopefully it would be sustainable this time as oppose to the last pump that went up to $500. This few days were a steady rise as suppose to the actual sudden pump which is good but it seems that is rising faster now therefor it might not stay there as well ($433 from the time of posting this).

[cptdome1]

I think it is sustainable.  China is devaluing its currency, and the Chinese are trying to get their money into other currencies, BTC being one of them.

[Altynbekova]

I hope it will reach 450 dollars and it will just stable around that.
But is good too that it can go to 500 dollars.

[agustina2]

I hope it will reach 450 dollars and it will just stable around that.
But is good too that it can go to 500 dollars.

Your reply is quite far away from the thread title Chief. Look like it belong to others speculation thread lol.

Anyways around 435 today is really closing near at its range. This means we can see same volume of pump and dump today.

[maokoto]

With the last raise and after going down again, price stabilized in a higher ranger than before. Probably this time is the same, it will go below the 400 in days when some of the people buying will cash out profit. But then it will stabilize probably in the high 300.

Up and down but with a nice ascending trend. That is my sentiment.

[ultimatesky]

There isn't really any news to have an effect on bitcoin so I doubt that that's the reason of the bitcoin value going up.
I'm just happy that it's going up, I would be happy if it went either way though.

[KaChingCoinDev]

There isn't really any news to have an effect on bitcoin so I doubt that that's the reason of the bitcoin value going up.
I'm just happy that it's going up, I would be happy if it went either way though.

You don't think it's going up at least in part by the whole "Satoshi" hype? I would think it's bringing interest into bitcoin.

[RodeoX]

How the hell would anyone here know?