Price just broked $650, so we next stop will be $700 by end of this week

[milewilda]

OP pictured out the market of bitcoin to increase in such short period of time. When the price pumps, it's more likely for it to decrease sooner than to increase. Even though the price of bitcoin is actually pointed upward, there would always still be some minor and major dump simply because that's how it works. When the price of bitcoin increases, people take advantage of that situation and sells some coin.

making the price to go down again, that's the essence of it why people are buying because of this possibility to earn from
this investment knowing the fluctuation and the capability to earn.

Thats  why  people  do make  profits  with  it  and  this is really a normal thing  on bitcoins price. If we saw that  the price would tend  up to rise  then   we should really expect that there are   people would  really sell of their coins    which  could cause  for bitcoins  price  to  decrease or  fall again  to a certain  point and  thats the time again  to  buy  bitcoins  on  a cheaper price and  would make  the price increase again. Its  just  like that, the  cycle would   never end as long there are people would  able to trade with it.

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[BitcoinPC]

In this week?
I think you are going very fast, may be in the next month might be possible that bitcoin come at $700, but in this week, it is not possible. I am feeling bad to say that but it is true, and better is that we should accept it.
Also don't be worried, because bitcoin never let us down.

[tabas]

In this week?
I think you are going very fast, may be in the next month might be possible that bitcoin come at $700, but in this week, it is not possible. I am feeling bad to say that but it is true, and better is that we should accept it.
Also don't be worried, because bitcoin never let us down.

Well hopefully that this is going to happen just like the rapid increase for the past months. Hopefully by the end of the week the price of bitcoin is going to reach $700. But if that is not going to happen by the end of the week hopefully that it is going to happen before the end of the month. We just need to wait for this for the price now is pumping.

[BitHodler]

In this week?
I think you are going very fast, may be in the next month might be possible that bitcoin come at $700, but in this week, it is not possible. I am feeling bad to say that but it is true, and better is that we should accept it.
Also don't be worried, because bitcoin never let us down.

Well hopefully that this is going to happen just like the rapid increase for the past months. Hopefully by the end of the week the price of bitcoin is going to reach $700. But if that is not going to happen by the end of the week hopefully that it is going to happen before the end of the month. We just need to wait for this for the price now is pumping.

Instead of hoping for the price to constantly go up, you can also appreciate the increase that we have experienced so far.

If it's going to happen next month, then it happens, if it doesn't happen, then it doesn't happen. It's no big deal.

Every price above $600 is a more than decent price considering all the drama we went through lately. If you realize that, then you'll know what I am talking about.

[the_poet]

BTC reached $670 on Bitstamp...

[chaser15]

Every price above $600 is a more than decent price considering all the drama we went through lately. If you realize that, then you'll know what I am talking about.

Yes that's why I don't get others why they are pissed of with the current price. Didn't they realized that we are down to below $500 for long time prior to halving speculations back then. Every price above $600 is fine for me and just need some patience who knows that $600 will be considered as low price like what happen to $500 price today that back then considered as high price.

Also the price increase today is a good movement since it's slow and not on fast phase. Meaning we can expect a correction price at close to $650 if the current movement will maintain it's momentum.

This is my own analyzation and anyone can correct me.

[panju1]

Today Price bounces by $20 overnight and today is first day of this week so i think we are heading towards $700 which may get touched by end of this week, what are your speculation.

How much you guys have right now and will you short some when it reach $700 again or not?

Shorting bitcoin (especially naked shorting) is not a good idea, given how rapid a bull run can be.
Agreed that $700 may look overvalued, considering where Bitcoin has been all these years. But market sentiments might take it much beyond that.

[Greenenergy]

700$ before the end of the week seems highly possible for me. It seems also higly probable for me that in maximum a month we'll be back at 600$.

[ynef]

If I have learned anything about Bitcoin over the years, it's the fact that when way too many people are starting to talk about "the moon", it's actually time to prepare yourself for a nightmare.

[mindrust]

Don't get overexcited people. It can't go up forever. There will be a correction eventually. I would start dumping after it touches 700+ and rebuy below 600$. After the correction will arrive at 1000$.

[Adamsmit556]

If I have learned anything about Bitcoin over the years, it's the fact that when way too many people are starting to talk about "the moon", it's actually time to prepare yourself for a nightmare.

Do you have any graph or a data to show this nightmare?

[ynef]

Do you have any graph or a data to show this nightmare?

All I meant was if too many people are buying into the hype, it will drop shortly after because that's just how it's played. Or has been played for a long time. You don't need charts to realize that.

[monbux]

$700 is a good number but it can easily get past that.  Lots of good news for bitcoin by the end of this year.

[Shiroslullaby]

$750 by the end of the year for sure.
Possibly higher if we have additional news or the hype stays strong.

I just wish I hadn't invested so much of my BTC into altcoins over the last couple of weeks since none of them will probably go up as much as Bitcoin.

[AZwarel]

If any of you were here around November 2013, you would not say "naah, 700$ is 50$+, we will never get that in a month". Lol.

Since than, bitcoin has at least 2 million+ users, mainstream acknowledgement, banks, hedge funds, capital investment companies waiting for ETF, new technical upgrades in the door, etc.

ATH will be a breeze, once the panic buy in starts.

[eddie13]

BTC has a whole lot of pumping to do before it gets to be "overvalued" IMO..

[sunsilk]

$700 is a good number but it can easily get past that.  Lots of good news for bitcoin by the end of this year.

And I hope that it will not just going to be stable at $700 and just like what happened from the past months. Bitcoins price did rapid increase.

History is just repeating itself, so the price of bitcoin from the past is coming back and maybe it would pump again into $1,000.

This signifies that this year is still not yet over, there are really more to come before the end of the year.

[ImnotOctopus]

Price is now $682 $30 more and we will be at $700, the pumping is strange it always go up everyday hmmm, maybe it recovered from the hacked now.

I sense there will be a big dump coming In my opinion.

[azguard]

Price went up last night i noticed this when i finish my work then just quick peek on exchange and then i looked little to see if this is only false one but this morning i see that price is still going up
Maybe prediction were true that it will hit 700 this month

[calme]

If you joined after 2013 then now you get to see your first mega bullrun. Only this time, leverage is a lot more of a factor. Ppl w/ $1m can take out loans to get over $1m, then take loans on those loans using leverage, so can thus buy a lot more than $100m in BTC for a bullrun than the basic $100m they'd get on 100x leverage. For example.