Holy crap on a cracker! Another spike ($533USD) ! To the mooooon!

[spiz0r]

I would like to see today when BTC breaks the 4000 CNY at huobi.

[ynef]

6 month chart, daily candles:



That's a pretty sharp increase indeed, but Stochastics are both showing overbought although not yet crossing. I assume if it's a bubble, the technicals don't really matter...

[UnDerDoG81]

When patience pays out

I was at a huuuge loss of over 25k as BTC went down to the 200s and all hell was broken loose. Hodled hodle and will hodl

Holding your coins for the long term requires you to have a solid amount of patience. And yes, patiences does pay off. May I ask at what price you bought at to be in such a large loss when the price dropped to the $200's as you said?

Ok pays off, English is not my main language

I bought my first bitcoins as the price was around $200. When I remember correctly this was in 2013. That saved a bit my ass. Then the MTGOX rocket started and I smelled the "big money", sent almost all of my savings to Bitstamp and bought some coins @600 and then some more @700 and things looked very well, the price went up to $1200 and I was happy. But then after that, all the crashes started and I got more and more nervous but there was no other choice. I was not going to sell with a loss so I hodled through all the hard times. At the moment I am even at a tiny bit of a plus

I know the price can go down as fast as it went up but I will hodl through.

[mindrust]

Bitcoin amazingly gained +%18  value in a few days. I remember 450$'s like it was an hour ago. I hope we are not being "Goxed" this time or else it will end very very very bad this time.

The whole bitcoin community just can't survive another Gox incident. It will be over for good.

[Altynbekova]

Bitcoin amazingly gained +%18  value in a few days. I remember 450$'s like it was an hour ago. I hope we are not being "Goxed" this time or else it will end very very very bad this time.

The whole bitcoin community just can't survive another Gox incident. It will be over for good.

Well i hope the community is wiser and has learned from it's mistake. It's clearly the increase of the price due to the block halving. I can't find another reason for the price to go so high (550 dollar at the moment )

[Nimbulan]

Its already 600 according to local bitcoins and china market.. and looks like this is the beginning of the rise of the bitcoin..

bitcoin price is always higher there than it actually is on other exchanges as far as i know, to be honest the price might not even reach that price as anything can happen with it

its nice to see that the price went up that high in such a small price rise, i hope that the price of the bitcoin will keep on growing thus allowing me to make a lot of money

[Superways]

Yeah, now the real time for buying has been started now no one will doubt on the price increase now the price will high up and will touch the moon as soon as possible.
Everyone has waited for a very long period and some were dumping and other pumping all of them were waiting for the halving month and now when everyone came to the month of halving they are no more dumping the value of it as everyone has a good amount of bitcoin and no one want to lose their invested money in it.

[martinacar]

Yeah, now the real time for buying has been started now no one will doubt on the price increase now the price will high up and will touch the moon as soon as possible.
Everyone has waited for a very long period and some were dumping and other pumping all of them were waiting for the halving month and now when everyone came to the month of halving they are no more dumping the value of it as everyone has a good amount of bitcoin and no one want to lose their invested money in it.

I would take some ease in buying a lot of bitcoin. The price is good but we don't know if it will hold tomorrow or go to the moon.
Buying small amounts can help in these cases.

[NorrisK]

Yeah, now the real time for buying has been started now no one will doubt on the price increase now the price will high up and will touch the moon as soon as possible.
Everyone has waited for a very long period and some were dumping and other pumping all of them were waiting for the halving month and now when everyone came to the month of halving they are no more dumping the value of it as everyone has a good amount of bitcoin and no one want to lose their invested money in it.

Everyone with smart money buys before a pump like this started... You basically lost out on 100 usd already if you didn't buy last week.

When markets move sideways and a floor has formed, it can be a good time to buy.

In this case, below 440 was tested a few times and it didn't fall below it for long. Clear signs of bottom to me and therefore I bought at that price.

Looks like the pump is over for now, let's see where the consolidation goes. Though I would not be surprised if we get another rally this week.

[zimmah]

that's not a spike, that's just the tremors before the quake

we have not seen anything yet.

if you compare this rally to other rallies on a log chart, the price has barely even moved up at all.

like seriously, barely moved.

OK sure I'll buy your bitcoins for $470 each. Thanks for the offer. Which escrow would you prefer to use?

What the hell are you smoking.

I'm not selling any of my bitcoins, especially not now that we're finally entering a bull market.

[QuintLeo]

I would like to see today when BTC breaks the 4000 CNY at huobi.

 Next spike probably, just missed on the last one.

[cpfreeplz]

that's not a spike, that's just the tremors before the quake

we have not seen anything yet.

if you compare this rally to other rallies on a log chart, the price has barely even moved up at all.

like seriously, barely moved.

OK sure I'll buy your bitcoins for $470 each. Thanks for the offer. Which escrow would you prefer to use?

What the hell are you smoking.

I'm not selling any of my bitcoins, especially not now that we're finally entering a bull market.

But it "barely moved". I don't see what the problem is?!


If it's a big move I guess you won't sell, whereas "barely mov[ing]" would be a sale. Hmmm it's as if you downplayed the spike in price...

[zimmah]

that's not a spike, that's just the tremors before the quake

we have not seen anything yet.

if you compare this rally to other rallies on a log chart, the price has barely even moved up at all.

like seriously, barely moved.

OK sure I'll buy your bitcoins for $470 each. Thanks for the offer. Which escrow would you prefer to use?

What the hell are you smoking.

I'm not selling any of my bitcoins, especially not now that we're finally entering a bull market.

But it "barely moved". I don't see what the problem is?!


If it's a big move I guess you won't sell, whereas "barely mov[ing]" would be a sale. Hmmm it's as if you downplayed the spike in price...

barely moved is relative.

sure, it's more expensive than it was a few weeks/months back but the real rally is yet to come, and you won't even notice this small bump in the grand scheme of things.

that doesn't mean i'll sell my coins cheaply though, I do not plan on selling my bitcoin at all, not even when the price increases by 10 times.

[pooya87]

i always thought the "to the moon" rise will come shortly after the halving like in a month after that, and i haven't yet changed my mind i still think this is just another step like before in each $100 range we get stuck for a while so i think it is possible that ~$520 is the new stable price until halving.

[Chef Ramsay]

i always thought the "to the moon" rise will come shortly after the halving like in a month after that, and i haven't yet changed my mind i still think this is just another step like before in each $100 range we get stuck for a while so i think it is possible that ~$520 is the new stable price until halving.

Low 100s were where we're at in spring of 2013 (after the boom and bust) and then you see what happened afterwards in the fall. Deva vu much? Use your imagination on what comes next at this point. 4 figs coming your way so don't be a luddite.

[QuintLeo]

I'd LOVE to see 4 figure prices on Bitcoin again - but I'm not holding my breath.

 More rise, though, I do expect to see.

[Jukagid]

I'd LOVE to see 4 figure prices on Bitcoin again - but I'm not holding my breath.

 More rise, though, I do expect to see.

Your wish will come true later this year or early next year. The price of bitcoin is already $640 now.

[mindrust]

There is clearly a bubble. You must be blind if you can't see that. The rise happened is very very very sharp and  there is no way it will hold long time there.

This is a nice  time to get back loses for the ones haven't panic sold their coins at the past dumps and very nice time for the people who bought from 400 or 450's to collect their profits which is near %50. Yummy.

[helloeverybody]

There is clearly a bubble. You must be blind if you can't see that. The rise happened is very very very sharp and  there is no way it will hold long time there.

This is a nice  time to get back loses for the ones haven't panic sold their coins at the past dumps and very nice time for the people who bought from 400 or 450's to collect their profits which is near %50. Yummy.

It does look like a bubble but with the halving coming up theres no reason why it cant hold at this price if miners decide they dont want to sell any lower. The all you will have is bag holders from previous ath maybe selling at a loss.

[john2231]

I'm so shocked because i just sleep 6 hours ago and now i saw fast price increase..


This is i think the beginning of the rise of bitcoin.. because block halving is nearly done.. so guys don't panic this not the best time to sell some bitcoins..