Recent Price Bump

[Herbert2020]

Such a pleasant place to post

Being nice is not necessary.

As for segwit, I'm still not sure if I want to agree or disagree with it. But that shouldn't be in this section, as this is speculation.

There's nothing really to disagree with it. All (or the majority) of the developers are 'fond' of Segwit. Regardless of whether you agree, or disagree with it, it will be merged.

EDIT: they still don't accept bitcoin but apparently they are officially doing the groundwork. ref: https://redd.it/4fuk6c

There is no official announcement from Valve, so do not use the word 'official'.

Valve has started it nonetheless, they have been sending Emails to developers and publishers telling them about this the Email contents are in that reddit post and Valve has already confirmed they have sent such emails to news sites. http://coinjournal.net/bitcoin-coming-steam/

but it is not yet posted on something like steamcommunity.com

[1715351914]

1715351914

[romero121]

More buyers than sellers.  Thank you, Jesse Livermore.

And as I write this,  we're at 445ish which really isn't all that much of a gain in the world of bitcoin.  Wake me up when we hit 500.

If you're in need of $500, patience is required for few weeks, as the price is expected to get hold around the price of $450 for few days.

[Natweast]

The SegWit was planned to go live late this month according to the road map. So the price rise. If it is delayed, the price might drop.

[Denker]

The SegWit was planned to go live late this month according to the road map. So the price rise. If it is delayed, the price might drop.

Yeah right. Because something might be implemented a few days later, or maybe a few weeks, the price will drop.
You could say that when SegWit would have flaws and therefore not work. But not because of a small delay.
Things have to be done properly. The pull request had been done. SegWit will come soon. If the price will drop the reasons for that will be different ones.

[BTCLovingDude]

i think the biggest news so far was the steam news. i saw it first on reddit/r/bitcoin first page and i was so happy that they finally are doing something about this.

[Natweast]

The SegWit did not go live last month. So it is a missed opportunity. I hope it will be implemented some time next month.

[rekinthis]

Trying to put a finger on the nice increase recently...
Some possibilities:
Segwit going live
Open Bizzaar up and running
Steam BTC acceptance

Other thoughts?

open bazaar is good for bitcoin, same with steam, so it rises price, but i think this huge price rise now was because of halving, it is a almost main reason why price rises

lots of people know about halving now, and they know that price should rise, maybe to new ATH, so lots of people buys bitcoins now just to sell them later and that rises price

[Erzatium]

More buyers than sellers.  Thank you, Jesse Livermore.

And as I write this,  we're at 445ish which really isn't all that much of a gain in the world of bitcoin.  Wake me up when we hit 500.

If you're in need of $500, patience is required for few weeks, as the price is expected to get hold around the price of $450 for few days.

As you can see now you see that the value is now around this time rising slowly and that is because it already kept stable for a long time and that is nice for the currency.
But it can takes a long time until the value will be more worth because it is rising slowly so it needs time.

[maku]

Trying to put a finger on the nice increase recently...
Some possibilities:
Segwit going live
Open Bizzaar up and running
Steam BTC acceptance

Other thoughts?

open bazaar is good for bitcoin, same with steam, so it rises price, but i think this huge price rise now was because of halving, it is a almost main reason why price rises

lots of people know about halving now, and they know that price should rise, maybe to new ATH, so lots of people buys bitcoins now just to sell them later and that rises price

Segwit is still far away and I doubt people even consider it at this point. Open Bazaar is nice technological demo of decentralized market place... and that is it. For now.
Steam acceptance from the other side was huge deal. The biggest online gameshop finally embracing Bitcoin - it boosted Bitcoin credibility to the moon imo.

[MatTheCat]

Trying to put a finger on the nice increase recently...
Some possibilities:
Segwit going live
Open Bizzaar up and running
Steam BTC acceptance

Other thoughts?

Here we go.

Another thread trying to 'explain' market action that fits no explanation.....as though everytime a market moved, it must be due to some 'news'.

95% of the time that a market moves, it has nothing to do with any 'event'.

[Ejanend]

I do not think the price rise recently is the result of a pump. It has been within the rang for some time.

[randy8777]

I do not think the price rise recently is the result of a pump. It has been within the rang for some time.

it's an expected price increase till now in the runup to the block halving. i only don't know how much steam there is left to push the price much higher than $500 in the coming months.

[Natweast]

I do not think the price rise recently is the result of a pump. It has been within the rang for some time.

it's an expected price increase till now in the runup to the block halving. i only don't know how much steam there is left to push the price much higher than $500 in the coming months.

There is no continuous price increase until now. It is just range trading. Today's price has dropped to the bottom.

[Ejanend]

I do not think the price rise recently is the result of a pump. It has been within the rang for some time.

it's an expected price increase till now in the runup to the block halving. i only don't know how much steam there is left to push the price much higher than $500 in the coming months.

There is no continuous price increase until now. It is just range trading. Today's price has dropped to the bottom.

The bitcoin price breached the $500 for the last two days. If it stays above that level, we are in a new era.

[ebookscreator]

I do not think the price rise recently is the result of a pump. It has been within the rang for some time.

it's an expected price increase till now in the runup to the block halving. i only don't know how much steam there is left to push the price much higher than $500 in the coming months.

There is no continuous price increase until now. It is just range trading. Today's price has dropped to the bottom.

The bitcoin price breached the $500 for the last two days. If it stays above that level, we are in a new era.

I think the price will not stay at 500 since the price 4 hours ago i saw its $534 and now its reduce back to $517 according to preev price.. and i think it will reduce more if more holders are attracting to sell it because of increases..

[Winoc]

I do not think the price rise recently is the result of a pump. It has been within the rang for some time.

it's an expected price increase till now in the runup to the block halving. i only don't know how much steam there is left to push the price much higher than $500 in the coming months.

There is no continuous price increase until now. It is just range trading. Today's price has dropped to the bottom.

The bitcoin price breached the $500 for the last two days. If it stays above that level, we are in a new era.

I think the price will not stay at 500 since the price 4 hours ago i saw its $534 and now its reduce back to $517 according to preev price.. and i think it will reduce more if more holders are attracting to sell it because of increases..

I think we are very close to the halving so this much reduction in the price is not something we should worry about..If you see now the price is 528$ which is again a good sign for us..

[randy8777]

I do not think the price rise recently is the result of a pump. It has been within the rang for some time.

it's an expected price increase till now in the runup to the block halving. i only don't know how much steam there is left to push the price much higher than $500 in the coming months.

There is no continuous price increase until now. It is just range trading. Today's price has dropped to the bottom.

The bitcoin price breached the $500 for the last two days. If it stays above that level, we are in a new era.

I think the price will not stay at 500 since the price 4 hours ago i saw its $534 and now its reduce back to $517 according to preev price.. and i think it will reduce more if more holders are attracting to sell it because of increases..

only the big boys in china knows what will happen as they have been pumping the price like there is no tomorrow. my guess is that it will fall back to below $500 on exchanges as bitfinex, but that it will remain slightly above $500 in china. there has to be a break somewhere.

[sillug]

I think that you're trying to find some explanations where there isn't one. I'd just say that it is the halving rally which has already started.

[Denker]

Just enjoy the ride guys!
If we should fall back below $500 there will be some great opportunity for more accumulation.
And I doubt we won't stay long below 500.The halving is coming closer and closer.The hype slowly starts to kick in.Get some popcorn and ENJOY!

[Washika]

I think that you're trying to find some explanations where there isn't one. I'd just say that it is the halving rally which has already started.

That could be right. The market usually react earlier than people expect. The block chain hype will also help.