1 BTC now equals $630!!!

[7788bitcoin]

Wow... just back from a short vacation and surprise to see the big jump from $540 to $660 now! This is getting more and more exciting when we are approaching the halving!

[X-ray]

The explosion in price reminds me of the bubble before. Will be interesting to see how high it can go before it drops.

 A month ago it was at 400ish 

But, Something is starting from lower go to high with slowly it's will be better than lower to high with instantly because it's will defend for a long time than through instant progress.

[dalston5000]

The increase in price/activity seems to be causing the block sizes to reach their limit.. For the past 100 blocks

Code:

1MB: 1
999kB: 23
998kB: 35
997kB: 4
992kB	: 2
995kB: 1
900kB: 18
Under 900: 16

So just 1 Maxed out  but a lot that are over 990kB..  I have a feeling if this price increase keeps going up... there's going to be a lot more maxed out blocks coming.

[QuestionAuthority]

It is a bit scary to see it rise to fast. Perhaps I should sell some when it hits 700? Is it sustainable in the long run?

yeah it is a little bit scary to be honest because the price might be dumped any time

i hope that bitcoin price will keep on growing up significantly thus allowing to make some good money

Massive increases in the exchange rate of any currency makes businesses nervous. They need to immediately exchange their btc sales in for dollars or risk losing money on sales. This rapid movement must be artificial. It makes no sense.

[X-ray]

The increase in price/activity seems to be causing the block sizes to reach their limit.. For the past 100 blocks

Code:

1MB: 1
999kB: 23
998kB: 35
997kB: 4
992kB	: 2
995kB: 1
900kB: 18
Under 900: 16

So just 1 Maxed out  but a lot that are over 990kB..  I have a feeling if this price increase keeps going up... there's going to be a lot more maxed out blocks coming.

right,The price will always rise for a short time. More block can make fast for the price of bitcoin to going up. I have the same feel with you. Because on some local exchange in china, the price bitcoin is more expensive than big stamp.

[FerroceneDeals]

inb4 crash

[bitcoineverything]

I just did sold my bitcoins for $570 last week and now it is $630. I should have sold it today. What factors do experts say why it raised this high? Is it because of chinese markets and the upcoming halving?

[sobsitesearch]

I just did sold my bitcoins for $570 last week and now it is $630. I should have sold it today. What factors do experts say why it raised this high? Is it because of chinese markets and the upcoming halving?

No do not sell your bitcoin yet its price will continue rising $630 to $800 just keep it in your wallet and wait until the halving come then there you will decide if you gonna sell or you gonna keep for a long time

[shinratensei_]

Ow the price is jump again and looks like this is a new resistance for 600 value.. this is amazing and i believe that the price will increase more not now maybe this past 1 or 2 weeks.. just don't panic to sell guys..

Yeah,that's can rise a more value easily not take 1 or 2 weeks maybe only take a few hours to make a increases value. Not have any reason for we to sell bitcoin for now.

[djkyno]

After researching, i found out that the sudden spike in price is due to massive buy-in from the chinese miner. So i am starting to believe that it might be a pump and dump play plotted by the chinese miner to control more of the market.

[Quantus]

What we are witnessing is a bank run.  

Well sort of. Its been known for some time now that many Bitcoin service providers have been cooking their books in various ways to squeak out just a little bet more profit. And now with the price shooting up Bitcoin service providers are forced to buy back bitcoins they didn't actually own to cover all the panicked users.

It's the fear over bitcoin service providers going belly up during this up swing in price that's causing people to pull bitcoins off online wallets and exchanges. The more people who move bitcoins to their own personal computers for safe storage the faster market liquidity drops speeding the price rise and thus the more hard cash these exchanges need to cover the ever growing deficit on their books.  Its a feed back loop with no end in sight.

I would not be surprised if we start to see Bitcoin service providers going offline for "maintenance" very soon.

If they start to say shit like "we have detected some potentially fraudulent transactions on our service and we are halting said service to investigate...etc"  its already to late your bitcoins are gone.

[shinratensei_]

I just did sold my bitcoins for $570 last week and now it is $630. I should have sold it today. What factors do experts say why it raised this high? Is it because of chinese markets and the upcoming halving?

No do not sell your bitcoin yet its price will continue rising $630 to $800 just keep it in your wallet and wait until the halving come then there you will decide if you gonna sell or you gonna keep for a long time

I agree with you, too early for you to sell your bitcoin for now.We know bitcoin is on good way for now .Maybe, bitcoin will rise again and that's no need a long time for bitcoin to rising.

[harizen]

BTC price is around $670 now.

More green lights are entering the scene. What a bullish action happening today.

The thing that started the surge + halving speculation = RIDE!

[aioc]

I apologize in advance if someone else already started a similar thread, I did a quick search but couldn't any. To the mods out there please delete this thread if a similar one already exists.
I just thought I'd inform people who are not necessarily following the price movement as this is a pretty sizable increase from ~$580 a few hours ago. Wonder how high we'll reach this time

Only one month and I predict 50 dollar more before it hit the halving day then could go from $1000 to $2000 this year I'm wishing it would..

[bamman]

I apologize in advance if someone else already started a similar thread, I did a quick search but couldn't any. To the mods out there please delete this thread if a similar one already exists.
I just thought I'd inform people who are not necessarily following the price movement as this is a pretty sizable increase from ~$580 a few hours ago. Wonder how high we'll reach this time

Only one month and I predict 50 dollar more before it hit the halving day then could go from $1000 to $2000 this year I'm wishing it would..

I think the halving is already priced in the current btc value and that we will see a significant dip in the near future.

[electronicash]

I apologize in advance if someone else already started a similar thread, I did a quick search but couldn't any. To the mods out there please delete this thread if a similar one already exists.
I just thought I'd inform people who are not necessarily following the price movement as this is a pretty sizable increase from ~$580 a few hours ago. Wonder how high we'll reach this time

Only one month and I predict 50 dollar more before it hit the halving day then could go from $1000 to $2000 this year I'm wishing it would..

I think the halving is already priced in the current btc value and that we will see a significant dip in the near future.

if its going to happen as quick as possible, those who hold their coins or not in front of their desktop during the time of the dip, will definitely lose money.
I may or may not be one of them. who knows but currently i prefer to hold until i can see a drop to 500.

[Doms]

I apologize in advance if someone else already started a similar thread, I did a quick search but couldn't any. To the mods out there please delete this thread if a similar one already exists.
I just thought I'd inform people who are not necessarily following the price movement as this is a pretty sizable increase from ~$580 a few hours ago. Wonder how high we'll reach this time

Only one month and I predict 50 dollar more before it hit the halving day then could go from $1000 to $2000 this year I'm wishing it would..

I think the halving is already priced in the current btc value and that we will see a significant dip in the near future.

if its going to happen as quick as possible, those who hold their coins or not in front of their desktop during the time of the dip, will definitely lose money.
I may or may not be one of them. who knows but currently i prefer to hold until i can see a drop to 500.

For me, I don't mind if sometime in the future it pulls back to $500 and stabilizes at $600 after that. The price surge seems to be happening too fast too soon. At some point, something must give. Everything that goes up must go down, before it starts to go up again.

[ObscureBean]

It is a bit scary to see it rise to fast. Perhaps I should sell some when it hits 700? Is it sustainable in the long run?

Yea I must admit it is a tiny bit unnerving to see it go up that fast although I don't think it'll drop all the way to the old floor of around $430. I'm also considering cashing out a portion of my Bitcoins but at the same time there is no telling how high the price can reach, I don't want to miss the rocket to moon (and beyond). Decisions decisions 

[klf]

Today bitcoin price is 680$ this is very huge increment in bitcoin price now a days i think this may reach 800$ with in this month because couple of last weeks it increasing day by day and suddenly 50$ increment in evry two or three weeks so i think it may reach 800$ this month end or with in that. I am really happy for this price increase and this is the time to sell our stock coins.

[Dolbycocoin]

I just did sold my bitcoins for $570 last week and now it is $630. I should have sold it today. What factors do experts say why it raised this high? Is it because of chinese markets and the upcoming halving?

No do not sell your bitcoin yet its price will continue rising $630 to $800 just keep it in your wallet and wait until the halving come then there you will decide if you gonna sell or you gonna keep for a long time

I agree with you, too early for you to sell your bitcoin for now.We know bitcoin is on good way for now .Maybe, bitcoin will rise again and that's no need a long time for bitcoin to rising.

ya i think i will make some limit untill when i gonna hold my coins , when halving come i will make my decision gonna sell or keep hold my coins