[pump and dump alert] Any true reason of this high price?

[Pollak]

It's best to hold for now. Why would you sell? I think bitcoin will keep on growing value. I'm sure you had your reasons of why you old. If you're happy with the profits you've made then it's all good. I'm holding for now, I'm not selling anything. Just because someone says that some pumps or dumps are going to happen, you shouldn't just sell.

[btcxyzzz]

More like noob alert.  Facebook is a garbage company that shouldn't even have stock.  It halved in price on release then went up 400% when it was already horribly overpriced beforehand.  Bitcoin only doubles in price from rock bottom, 2 year bear market and you have random 1 star posters (probably another banking shill) claiming it's a scam.

Facebook market cap: 300 billion

Bitcoin market cap:  6.8 billion

Bitcoin is a far more significant invention, so there's still a long way to go for increasing prices.  Bitcoin going up 100x or more from here is easily plausible.

Amen. Couldn't be better put. That's why OP's first post is laughable attempt of FUD.

[Hugroll]

I'll try to be short and clear.

I bought 4 btc just before blackfriday as blackfriday has always been linked to a rise of btc price. I thought I'd sell just after but thanks to a little PD problem I had to wait some time.
And I'm more than thankful as I withdrawed my fund the price was up to 400 without any sign of going down.
I sold everything at 450 while things reached a decision point. Price might fall and I don't want to loose such a high profit.

My question here is: Is there any reason for this rise? Or is everything just a classic pump and dump scheme?
Bitcoin was not suddenly used by the majority, was not recognized by any country, no big company decided to accept bitcoin... In fact nothing changed between the beginning of November and today. So I don't see any reason to hold and have faith in this recognition for bitcoin. I see numerous threads popping saying "we'll see 1000$ before January". I like bitcoins and I'd be glad it happens, but I just don't see a reason why it would be so.

Any valid argument on this sudden rise? More than the usual "It's what btc worth, it's the future of tomorrow!!!"
Cause yeah I agree Btc worth much more than fiat money but it's no reason for the rise, the reason would be that people suddenly realize this. And I don't see why they would realize it now.

its not really a sudden rise imo, last time the price went up it was a matter of days before it crashed. but this price has been stable for couple weeks now, although i cant really predict the future price i feel like a crash is not going to happen any time soon.

[talks_cheep]

@OP, do you think the price is high? Think again. We're going to 600 and over. Soon.

[uki]

This is a high price?  It looks pretty low to me compared to when I last bought at $600 in June 2014 and that's supposed to be this exponential trend and all.  Should have been thousands by now, even without China.

exponential trends are very hard to be sustained over long period of times. That is fact proven by many natural phenomena, e.g., growth of bacterias, etc. Once the critical levels are reached the cost of sustaining such a pace further goes to infinity. Bringing it to the Bitcoin example, the initial price action in the first six years of its history has been exponential for most of the time, which is also quite typical for the brand-new technologies. However, the further we go, the more is required, and we can already observe that in the last two years the exponential curves are not the best fit to the bitcoin price action (linear trend over such period of time yields much smaller error), as they were in the first four years (2009-2013).  

[afbitcoins]

@OP why is this a high price? What do you think is fair price of a bitcoin ?

In my opinion a large part of this rise is because bitcoin became oversold after the last bubble correction. Mix into that the halving coming up soon and theres another reason to be bullish. Also consider that the stock market looks like its going to tank. And banks are making noises about negative interest rates and banning cash! Look at capital controls in debt laden economies, money printing and zero interest rates.

You will be back here soon bitching because you sold at $450 and don't understand why its now heading past 2K 

[helloeverybody]

I can't believe people are considering selling at this price,  there's no way we are dumping back to $50 with the user Base we have now.  You all need to man up and hold onto those coins.

[hacknoid]

Bitcoin is subject to some very dramatic short terms fluctuations due to its relatively small market size.  Long term the overall trends are clear.  We have had a pretty bearish market for about 2 years now and there is both a huge pent-up demand for buying at this point and also many, many positive improvements and news in the Bitcoin space over this time.  It has simply taken time for the market price to change momentum and start to catch up.

My opinion is that we will still trend, long-term, upwards, although short term fluctuations will always happen (try to ignore them).  There is always the possibility that something will happen that will cause Bitcoin to become virtually worthless, but at this point nobody could say what that would be or even if it is likely to ever happen.  Short of that I expect Bitcoin to keep its value, and, as adoption grows, the price to rise.  (Look at the long-term daily tx charts, for example)

[TastyChillySauce00]

i think satoshi nakamoto's news had give affect to bitcoin price even a little bit , and im sure nothing trigger these price increase, its just happen naturally

[johnyj]

Either chinese exchanges pump and dump, or capital fleeing china, or both

[Blue_Tiger73]

My question here is: Is there any reason for this rise? Or is everything just a classic pump and dump scheme?
Bitcoin was not suddenly used by the majority, was not recognized by any country, no big company decided to accept bitcoin... In fact nothing changed between the beginning of November and today. So I don't see any reason to hold and have faith in this recognition for bitcoin. I see numerous threads popping saying "we'll see 1000$ before January". I like bitcoins and I'd be glad it happens, but I just don't see a reason why it would be so.

Any valid argument on this sudden rise? More than the usual "It's what btc worth, it's the future of tomorrow!!!"
Cause yeah I agree Btc worth much more than fiat money but it's no reason for the rise, the reason would be that people suddenly realize this. And I don't see why they would realize it now.

As Bitcoin is spread around the world and more people start to learn about it, the demand for Bitcoin increases. If the demand is high, that means that the price will also be high as more people want Bitcoin and not as many want to sell.

[uki]

My question here is: Is there any reason for this rise? Or is everything just a classic pump and dump scheme?
Bitcoin was not suddenly used by the majority, was not recognized by any country, no big company decided to accept bitcoin... In fact nothing changed between the beginning of November and today. So I don't see any reason to hold and have faith in this recognition for bitcoin. I see numerous threads popping saying "we'll see 1000$ before January". I like bitcoins and I'd be glad it happens, but I just don't see a reason why it would be so.

Any valid argument on this sudden rise? More than the usual "It's what btc worth, it's the future of tomorrow!!!"
Cause yeah I agree Btc worth much more than fiat money but it's no reason for the rise, the reason would be that people suddenly realize this. And I don't see why they would realize it now.

As Bitcoin is spread around the world and more people start to learn about it, the demand for Bitcoin increases. If the demand is high, that means that the price will also be high as more people want Bitcoin and not as many want to sell.

For now, I think it is more wishful thinking on this forum rather than reality when it comes to increasing interest in Bitcoin pushing the demand. Most of the demand comes recently from China and is purely speculative in nature. You have the exchanges with no trading fees there, so it is relatively easy to move coins back and forth and paint the charts to your wish. Had the push in demand come from other direction (non-China) I would say, ok there is something fundamental that changed, but it is not case. Seems another short term pump and dump game.

[flagpara]

Ok so I never open another thread like this. Obviously most of you are just too stupid to discuss. You just keep saying "lol you're dumb, you're just a noob trying to FUD"

No I'm not. I'm not saying that you should sell, not saying btc is not worth this price, I'm just wondering why it doubled in such a short time.

Obviously most of you are here only to brag. 

Sorry I had so high expectation. This is the internet after all, not much different of a Youtube comment section. 

For all those that tried to discuss and give a proper explanation, what I understand is that there is no special event, you just believe Btc was more adopted and thus its price rised accordingly. Well I hope you're right, it would be good to see a high and stable price.