[Update] Bitcoin over $770 and $12,000,000,000 market cap.

[calkob]

brilliant cant wait for the marketcap to be in the trillions , cause then i will be worth a fortune....... i love bitcoin.... haha 

[tokeweed]

Yet another huge milestone for Bitcoin

I'm honestly more scared when BTC starts doing quick parabolical rises.  We all already know how this is all going to end up.  We've seen it again and again with BTC itself and all the other altcoins time and time again.  We've even also seen it happen to stocks and commodities.

I'd prefer it if BTC started doing a slow, quiet and steady rise.  This current rise looks like it's being played and manipulated.

[OROBTC]

...

I read that China was buying BTC big, in two waves, over the past few days.  That seems like a very plausible explanation for the big price run-up.  

Sudden price drops after a price spike up are common.

Were I to *guess*, I would say Americans and Europeans have been selling/spending BTC today.  Wouldn't surprise me a bit.  

[amacar2]

Price is already over 700 in few exchangers like yobit. As bitcoin have already crossed  600 block its easy for bitcoin now to go over 700 and even reach 800 by this week end.

[greatr]

Price is already over 700 in few exchangers like yobit. As bitcoin have already crossed  600 block its easy for bitcoin now to go over 700 and even reach 800 by this week end.

i hope your predictions are correct and it will grow that much

i want it to go up as much as possible as more people would be attracted

[ebliever]

Ran across this article:

https://libertyblitzkrieg.com/2016/06/04/deconstructing-the-bitcoin-market-cap-by-vinny-lingham/

Makes the argument that market cap is key for understanding bitcoin, and that we are basically at an All Time High right _now_, adjusting for the coin supply in 2013 versus now. I can understand people being resistant to that idea, but I think the logic is valid.

Anyway, what's interesting is his argument that $700 would be a key price point, and that if we broke through it there would be potential for another big bull run. It was quite solidly broken by quite a bit a few hours ago. His expectation for retrenchment seems to be coming true as well. If he's right, the next few days could bring even more thrills. (And moans from those who didn't buy in now.)

[Cryptonitex]

brilliant cant wait for the marketcap to be in the trillions , cause then i will be worth a fortune....... i love bitcoin.... haha 

Now your thinking. 11 billion... Meh
We'll be here when we see 11 trillion market cap, then we'll be the ones laughing at the people who are anti bitcoin.

[outatime1]

It's good to see the price go that high, but I think it's been pumped some and will pull back a little. I'm ready to buy some back when it drops to the $500 range or lower.

[Cryptonitex]

It's good to see the price go that high, but I think it's been pumped some and will pull back a little. I'm ready to buy some back when it drops to the $500 range or lower.

I do think it'll go about that price after halving. That's roughly a good price to stay at and be stable for a while. Well see.

[LiberOptions]

 Yay... Bought my first bitcoins for about $192... already sold some in the past but I'm still waiting for the price to reach $10 000.

[reRaise]

Still long waybtongo.

[Doms]

It's good to see the price go that high, but I think it's been pumped some and will pull back a little. I'm ready to buy some back when it drops to the $500 range or lower.

All this price increase over the past weeks have made me nervous. This kind of surge is just not sustainable. A pullback could be a welcome sight for me. Relative strength index is almost at 90, meaning it is already at overbought levels. Should we allow it to cool down so things could somehow get back to normal?

[Whosdaddy]

End of 2013/early 2014 bagholders are beginning to breath again, finally they'll get their money back after all this time.

Yes, they are now taking breath but already 2 years gone. I am sure someone will be trapped in this year again and don't know how long they will need to get  back their breath. In this is market someone will be gainer, someone will be loser. That is the beauty of all trading .

[Denker]

It's good to see the price go that high, but I think it's been pumped some and will pull back a little. I'm ready to buy some back when it drops to the $500 range or lower.

A pull back will happen.
The question is when and how strong.
I wouldn't bet to drop it that much. 550 to 580 seems more realistic to me.

[upsidedown75]

Yet another huge milestone for Bitcoin

No surprise here because I was actually expecting the market cap to be raised at $12,000,000,000.

It seems like the price dropped down and currently most probably stabilizing at ~$700.

[drwtsn32]

It's good to see the price go that high, but I think it's been pumped some and will pull back a little. I'm ready to buy some back when it drops to the $500 range or lower.

A pull back will happen.
The question is when and how strong.
I wouldn't bet to drop it that much. 550 to 580 seems more realistic to me.

Do you think if ever happens a pullback, will it go up again soon?

[AmDD]

Anyone recall the market cap in late 2013 when the price hit ATH? I seem to recall it was pretty close to where we are now, given the increase in coin supply. Reaching new highs in market cap should garner some headlines, continuing the round of positive press associated with Chinese buying and the halvening.

I thought the same when I saw we had passed $10 Billion. Looking here: https://coinmarketcap.com/currencies/bitcoin/ it shows on Nov 22nd the price was $701.95 and the cap was at about $8.4 Billion. The all time high cap looks like just shy of $14 Billion. Based on this, Id say we will pass the all time high market cap when we get to around $895 a coin.

[Denker]

It's good to see the price go that high, but I think it's been pumped some and will pull back a little. I'm ready to buy some back when it drops to the $500 range or lower.

A pull back will happen.
The question is when and how strong.
I wouldn't bet to drop it that much. 550 to 580 seems more realistic to me.

Do you think if ever happens a pullback, will it go up again soon?

Yes I believe the pull back will just be for a short time.
Corrections are good and healthy.
And that could give others the opportunity to get in.Furthermore the whole situation in the ecosystem right now looks pretty bullish.
So we will continue moving up again until the end of this year imo.

[salmanahmedone]

It's good to see the price go that high, but I think it's been pumped some and will pull back a little. I'm ready to buy some back when it drops to the $500 range or lower.

i dont think it will drop to 500$ or lesser any time sooner. Its the halving time and prices will continue to grow. After two months you can see the Dip in the prices and that would be the best time to buy if you want to invest in this bitcoin.

[pereira4]

Probably whales are creating dips on the way up so they can still make more BTC while the actual price of BTC goes up, before the price explodes into 2.000+ dollars per BTC territory. Time to get your 3 figure BTCs before its too late.