If Bitcoin break $700. For how long it will stay above $700?

[cpfreeplz]

I think in 200 days it'll dip below $700 again briefly. Why? Something always happens. Some exchange will get hacked and the general public won't understand what that means and boom, Bitcoin price was affected.

But Idk what to vote because I don't guess under 180 or over half of a year!? What, now I can't vote!?

[20kevin20]

It'll go up until winter, and then it'll drop again by the next spring. The summer will come with a moderate price and the winter of 2017 will come with a big, big surprise for us.

[Gleb Gamow]

Price will rise until the end of the year, we'll see 900+. It won't go over 1000.

Price will crash in January 2017. Blood will flow in the street. We'll see 300, maybe 250. I did say blood will flow. In January 2017.

That would be ideal ! and im already love that scenario !  with a 450$ish i would be fine...

LOL is this 2013 going to 2014?  I doubt this stuff will happen.  The reason is that bitcoin price had a slow steady growth that does not happen in the year 2013.  It was fast growth resulting to a huge price bubble that the buy wall can't support.  And at this point it is different.  Price growth is slow and steady with a good  buy suppor from the base users.

https://blockchain.info/charts/n-transactions-per-block?showDataPoints=true&timespan=30days



Please enlighten me more about the "good buy support" when the 30-day graph above depicts a virtually logarithmic straight line.

[Slow death]

I believe it will remain in the $700 until the end of the year, according to an article I read today that said that the increase in bitcoin's price is related to the fall of the Chinese yuan, with the fall of the Chinese yuan, had a growing demand by bitcoin among Chinese investors, according to some analysts predict a small fall of bitcoin in the next days, but then the price returned to rise to more than $700 until the end of the year

[European Central Bank]

according to an article I read today that said that the increase in bitcoin's price is related to the fall of the Chinese yuan

I don't buy it. that implies regular Chinese people are getting into bitcoin to save themselves. if that was the case then the price would go stratospheric. I doubt there's any new people coming in in large numbers.

the Chinese exchanges are probably filled with westerners looking for low fee action and greater leverage. and they want more bitcoin, not a currency hedge.

I haven't seen one single mainstream ish article acknowledge that Chinese bitcoin stats are all bullshit because of the zero fee exchanges. they all claim 90% of bitcoin transactions are in china and they lead the way. nope. it's 1 chinese guy doing 90 times more transactions than an American who actually has a use for it.

[lionheart78]

I have no idea how long bitcoin will stay above $700 since bitcoin price is volatile.  It depends in the coming days if there is no bad press then possible that it will stay there for sometime.  It can be the new floor for bitcoin or maybe we can see another correction and see bitcoin at $670 to $690 bracket.

[serjent05]

Price will rise until the end of the year, we'll see 900+. It won't go over 1000.

Price will crash in January 2017. Blood will flow in the street. We'll see 300, maybe 250. I did say blood will flow. In January 2017.

That would be ideal ! and im already love that scenario !  with a 450$ish i would be fine...

LOL is this 2013 going to 2014?  I doubt this stuff will happen.  The reason is that bitcoin price had a slow steady growth that does not happen in the year 2013.  It was fast growth resulting to a huge price bubble that the buy wall can't support.  And at this point it is different.  Price growth is slow and steady with a good  buy suppor from the base users.

https://blockchain.info/charts/n-transactions-per-block?showDataPoints=true&timespan=30days



Please enlighten me more about the "good buy support" when the 30-day graph above depicts a virtually logarithmic straight line.

I don't need to because you already know that price would have been dropped to bottom if the buy support isnt good for bitcoin for the last 30 days.  The graph you shown is just a data of transaction not the actual buy support in the market.  Besides your chart is the past and not the present situation of bitcoin.

[talkbitcoin]

I think in 200 days it'll dip below $700 again briefly. Why? Something always happens. Some exchange will get hacked and the general public won't understand what that means and boom, Bitcoin price was affected.

But Idk what to vote because I don't guess under 180 or over half of a year!? What, now I can't vote!?

that is right but that is called exceptions and we all know that exceptions don't make a rule. besides it has already been proven than a huge hack like the bitfinex hack can not even keep the price down longer than a very short time.

https://blockchain.info/charts/n-transactions-per-block?showDataPoints=true&timespan=30days

[i m g]https://i.imgur.com/Jxa54yM.png[/img]

Please enlighten me more about the "good buy support" when the 30-day graph above depicts a virtually logarithmic straight line.

i don't know if you are joking or is it a mistake.
you see buy support on an orderbook not on the transaction charts and certainly not on the chart for number of transactions per block!!!

[bitbunnny]

That is not easy to answer. According to experiences it could continue rising and keep under 700$ for a month or two but it could also fall down in a next day or few. Many factors on the market influence on that. And if we could predict how the price will move there would be no sense in volatility.
I hope it will stay above 700 and that and the end of the year we would reach 800 or 900.

[icecube45]

I'm sure in the next few days the price of bitcoin had dropped below the slightly $ 700. But it's natural because I'm sure the price of bitcoin will be back and rise beyond $ 700. Fluctuations of bitcoin was certainly there but I'm sure the price of bitcoin will continue to grow.

[sempak]

bitcoin is currently experiencing a significant increase. even the price has passed 700USD. could have been in early november bitcoin price reaches 750USD. hopefully it can all be realized.

[alyssa85]

according to an article I read today that said that the increase in bitcoin's price is related to the fall of the Chinese yuan

I don't buy it. that implies regular Chinese people are getting into bitcoin to save themselves. if that was the case then the price would go stratospheric. I doubt there's any new people coming in in large numbers.

 

Not "regular" people - they're not doing anything at all. And the really rich are all buying property outside of China to hide their money. But the small group who are into cryptocurrency will be buying bitcoin, they're already in the space so it's the easiest action for them (trying to go to Macau to change yuan into dollars is too difficult).

[tunctioncloud]

I'd say that it could stay above 700$ for two week, so in the 7-30 days range. I was starting to say less than 7 days, but we're already at 3 days I think.

[Greenenergy]

I was right, it lasted two or three days and I voted 1-7 days. It was way too fast to be sustainable.

[Mr.grin]

I was right, it lasted two or three days and I voted 1-7 days. It was way too fast to be sustainable.

I am convinced that the current prices will persist in a long time. I feel that this is a regular thing for bitcoin, because every year towards the end of bitcoin prices will surely increase and stable. I think bitcoin prices will rise above $ 800, and if the price goes down, then it will last at prices above $ 700, I believe it

[Yuuto]

I'm not sure. It may as well just stay up there for like 3 months or something and come back down again. It's all unpredictable at this moment to be honest. Really can't predict anything that happens with BTC.

[ultrloa]

I'm not sure. It may as well just stay up there for like 3 months or something and come back down again. It's all unpredictable at this moment to be honest. Really can't predict anything that happens with BTC.

Its truly unpredictable since price for now are blantly growing up and we cannot really say when it would last nor if it still pump but the good thing happen there is we are quitely high earners for now since bitcoins are quitely expensive at price, so i think we can expect for more up since the price satisfactory rate is quitely outstanding, and lets hope also that we can't see some bad price down so the high profits is still up on the top.

[Ridley69]

Bitcoin price is slowly going up since january 2015. It never crashed since january 2015:


So I don't see any reason it wouldn't continue to grow

[BrewMaster]

bitcoin price is here to stay above $700
say goodbye to cheap $600 bitcoin and start regretting and crying if you did not buy it back then.

the price may go down to 690 again but that will be last higher price you see in 600 range and will definitely jump back up above $700 line again.

[BitcoinPC]

Now bitcoin is still above, and one day i saw bitcoin has cross $750, but till in the end bitcoin come back $700, but also it is good news that bitcoin not low back $700. And i believe that bitcoin will continue this way may be half years, and if it will be happened than it is good for us, especially for those who are earning very well from bitcoin.