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Author Topic: Bitcoin Price Passes $750 to Hit 28-Month High  (Read 5369 times)
jamesl22
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June 17, 2016, 04:23:37 AM
 #21

I believe the prices will go to 1000s in max 2 weeks time, people will then sell, and halving will approach... All of this may cause the price to fall back to 500-700. 

I don't intend to sell bitcoins to be honest. I believe in bitcoin reaching a stupendous price in 2-5 years. I want to gain as many as possible

Its really good if you have that high level of patience to hold it for that long time, as majority of users are waiting for halving to sell their coins and earn quick profits.


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JarBinks
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June 17, 2016, 04:31:10 AM
Last edit: June 17, 2016, 04:54:35 AM by JarBinks
 #22

I think the current rise we are seeing is somewhat related to them manipulating the price to maintain their profitability.

Can you prove that miners are manipulating the price, or is that just an conspiracy fantasy from your imagination?

LOL, No proof, not a conspiracy fantasy and yes from my imagination.

To me it just makes sense that they have the means and the desire to manipulate the markets to maintain the profitability they are accustomed to.
How they maybe doing it? Dunno, I bet there is some way to analyze the blockchain to determine part of the story.
Not saying it's a bad thing, or a good thing, it just is.  To me it's no different than what happens in other markets all around the world everyday.
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June 17, 2016, 04:31:31 AM
 #23

I think the current rise we are seeing is somewhat related to them manipulating the price to maintain their profitability.

Can you prove that miners are manipulating the price, or is that just an conspiracy fantasy from your imagination?
Although it is impossible to tell if miners are doing anything to boost BTC price (personally I doubt any direct miners hidden agenda),
but from the other hand it is certain that Chinese market is the main factor responsible for recent price surge.

But this time it is Chinese + everybody else. Europe in fear of markets destabilization by brexit, US because negative economic forecast of FOMC and of course, last but not least - the halving.

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June 17, 2016, 04:31:46 AM
 #24

I believe the prices will go to 1000s in max 2 weeks time, people will then sell, and halving will approach... All of this may cause the price to fall back to 500-700. 

I don't intend to sell bitcoins to be honest. I believe in bitcoin reaching a stupendous price in 2-5 years. I want to gain as many as possible

Its really good if you have that high level of patience to hold it for that long time, as majority of users are waiting for halving to sell their coins and earn quick profits.


Well, I will sell some for a bit profit just in case, because you never know... But as you know high risk high profit.
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June 17, 2016, 06:33:10 AM
 #25

I think the current rise we are seeing is somewhat related to them manipulating the price to maintain their profitability.

Can you prove that miners are manipulating the price, or is that just an conspiracy fantasy from your imagination?
Although it is impossible to tell if miners are doing anything to boost BTC price (personally I doubt any direct miners hidden agenda),
but from the other hand it is certain that Chinese market is the main factor responsible for recent price surge.

But this time it is Chinese + everybody else. Europe in fear of markets destabilization by brexit, US because negative economic forecast of FOMC and of course, last but not least - the halving.

Exactly. Right now there are an escape of goods from China to bitcoin, and middle/little investors are selling everything in way to enter into bitcoin protocol. Then, as we can see, there will be the halving, so, price can only rise from now to the start of july !
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June 17, 2016, 07:14:38 AM
 #26

is it the price will continue to rise to $ 800 on a stop at this level? this time I experienced tremendous turmoil.
continue to hold my bitcoin or sell it now? what do you think?
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June 17, 2016, 07:22:36 AM
 #27

I think the current rise we are seeing is somewhat related to them manipulating the price to maintain their profitability.

Can you prove that miners are manipulating the price, or is that just an conspiracy fantasy from your imagination?

maybe not miners, but chinese are buying en mass, this is certain, and chinese are also miners

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June 17, 2016, 07:59:47 AM
 #28

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The price of bitcoin broke $750 today, building on recent gains to hit a 28-month high.

Bitcoin prices reached $750.37 during the day's session, the highest since 7th February, 2014, CoinDesk USD Bitcoin Price Index (BPI) figures reveal. The digital currency exceeded its latest milestone of $750 after surpassing $700 early on 13th June, and then nearing $720 later that day.

Of late, bitcoin has benefited from a multitude of factors, including concerns about China’s economy, anticipation surrounding the upcoming halving and fear of a Brexit, and this momentum is showing signs it is continuing to build.

The digital currency suffered a notable drop on 14th June, falling more than 8% and coming within a few percentage points of a correction. While such a decline might have prompted concerns it had become overvalued, the digital currency’s recent gains support the position this was merely a temporary pullback.

Going forward, bitcoin could easily enjoy further appreciation, as data provided by bitcoin trading platform Whaleclub indicates short interest has dwindled to practically zero while long interest has hit an all-time high.

Past that, the digital currency could easily benefit from the visibility that blockchain technology has been generating.

A wide range of market participants, central banks and other entities have been examining this distributed ledger’s potential uses, and as the technology draws more attention, it may draw mainstream traders to the nascent market.

While market experts have provided various explanations for bitcoin’s recent price appreciation, one variable they are pointing to as having key importance is the upcoming halving of network rewards.

For more on the upcoming halving, read our full guide here.

Charles L. Bovaird II is a financial writer and consultant with strong knowledge of securities markets and investing concepts.

Follow Charles Bovaird on Twitter here.

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In your opinion what's happening in this moment?  It will be a dump after the halving? What you expect in the next month? New ATH will be reached?

In my opinion price will reach 1100$, then there will be a drop to 700$, and price will be stable around that price.
Yeah perhaps what you expect to see the price down to around $700 it can happened, imo now trader had trying build new bottom for the place when they dump a price after halving.
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June 17, 2016, 08:02:36 AM
 #29

is it the price will continue to rise to $ 800 on a stop at this level? this time I experienced tremendous turmoil.
continue to hold my bitcoin or sell it now? what do you think?

If current price is allowing you to earn profits then you should sell your coins as we never know what will be the price in next few days, so why to miss the opportunity of earning profits.
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June 17, 2016, 09:53:32 AM
 #30

bought 0.5 btc when it was $550 , now i'm not really sure to hold or to release

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June 17, 2016, 10:00:06 AM
 #31

etheruem is crashing because of big secureity hole, now bitcoin will rise more, because everyone will move fund there, bitcoin is the turly safe even!
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June 17, 2016, 12:41:28 PM
 #32

bought 0.5 btc when it was $550 , now i'm not really sure to hold or to release

you can choose to secure small profits like 0.1 btc just to be on the safe side. the rest you can keep holding with an increasing price as target.
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June 17, 2016, 12:44:23 PM
 #33

750$ and we have weekend coming,will i wake up sunday morning with price above 800$
previous price rice was during weekends

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June 17, 2016, 12:46:32 PM
 #34

bought 0.5 btc when it was $550 , now i'm not really sure to hold or to release

you can choose to secure small profits like 0.1 btc just to be on the safe side. the rest you can keep holding with an increasing price as target.

during the hold before halving it was good in my opinion, because of the potential increase will continue. but if after halving I do not think it would be good to continue to hold. there will definitely be a big dump

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June 17, 2016, 12:54:26 PM
 #35

Bitcoin price can reach 1000 USD and even stay there. Nowadays all BTC users are happy - from 450 USD to 750 USD in three weeks time.  Grin
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June 17, 2016, 01:42:55 PM
 #36

I don't blame the people who have taken some profit already, I bought something using bitcoin that cost 100€ as the price is high, so I only had to spend 0.17btc.
I am lucky that I don't really need to sell any time soon, but I have a plan already.

I reckon that when the price rises, I will probably be too scared of missing out on a better price to sell a good amount of my bitcoin, but I will definitely be happy to get a few ounces of gold in a 1 for 1 swap Smiley
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June 17, 2016, 01:45:35 PM
 #37

bought 0.5 btc when it was $550 , now i'm not really sure to hold or to release

One strategy you could take is to sell enough to cover your costs and then you will be only holding profit.
This would leave you free to determine when to cash out and not be worried about loosing.

So some math.
This is just an rough estimate based on price right now and does not include any fees (Trading, Withdrawal or Transfer)

550 * .5 = 275(Total cost), 275(Total Cost) / 750(Current Price) = .37, .5 - .37 = .13(Remaining Investment), .13(Remaining Investment) * 750(Current Price) = 100(Current Profit)
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June 17, 2016, 01:57:33 PM
 #38

Bitcoin price can reach 1000 USD and even stay there. Nowadays all BTC users are happy - from 450 USD to 750 USD in three weeks time.  Grin

Let's wait and see if some bearish activity will take place when the price reached again $1000 or nearer to it's ATH.

Look at what happen earlier around $770+, one big bear dumps then it really dragged away the other resulting to dipping point at $720.

But the resistance is good since hours later we are back again at $750 range.

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June 17, 2016, 02:09:01 PM
 #39

Of course there will be a dump. A big one. How else would it be explainable that the price is rising that much right before halving?
A lot of people buy now because they expect the price to rise after halfing. When that won't happen (why should it) they start selling.
Fear, panic, big downward spirale shortly after halving.
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June 17, 2016, 07:05:13 PM
 #40

I think bitcoin price will rise $1000 before halving or after halving.
Now I like to read news about bitcoin Smiley
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