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Tyrantt (OP)
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November 01, 2016, 12:21:40 PM |
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Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
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Need some spare btc for a new PC that can at least run Adobe Dreamweaver.
BTC - 19qm3kH4MZELkefEb55HCe4Y5jgRRLCQmn ♦♦♦ ETH - 0xd71ACd8781d66393eBfc3Acd65B224e97Ae1952D
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Even in the event that an attacker gains more than 50% of the network's
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virusasog
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November 01, 2016, 12:25:56 PM |
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Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
Nope actually today the price value of the bitcoin is 750$ as preev by today. I guess this price pump continuously increasing till Christmas or New year. Then price will drop a bit. So utilise this situation and have profit in the trade. |
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Juggy777
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November 01, 2016, 12:29:30 PM |
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Currently it's price is 736$, so if you have sell a bit and buy later. Currently due to festive season it may rise. Then ahead it will slip, then rebuy. Or just hold till you can.
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MadGamer
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November 01, 2016, 12:33:04 PM |
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Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
It's related to altcoins with one way or another , If you look at CoinMarketCap you will notice that each time Bitcoin goes UP , altcoins goes Down there is only a few of them that keep the price or increase with BTC too and same thing when BTC goes down , the alts goes up. |
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calkob
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November 01, 2016, 12:39:14 PM |
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Absolutely nobody can give you an answer to your question  in my opinion the price of bitcoin will increase massively in the long term but who knows in the short term, it could be 600 by Friday depending on news or events or it could 850  |
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avatar_kiyoshi
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November 01, 2016, 12:59:18 PM |
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Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
This is natural for bitcoin price movement, just like rollercoaster. The cause price move up is there's buy action and otherwise. The wider cause price up is the demand is more than supply, this is why if halving time coming there are a jump price. |
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xIIImaL
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November 01, 2016, 01:13:10 PM |
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Absolutely nobody can give you an answer to your question in my opinion the price of bitcoin will increase massively in the long term but who knows in the short term, it could be 600 by Friday depending on news or events or it could 850 Yup agree that bitcoin price will not speculate easily because always bitcoin price value getting changed in the market. Most of the time Price chart seems to cris cross in the view. Better hold as much you can now and sell it later. |
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mobnepal
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November 01, 2016, 01:19:53 PM |
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There is not any good reason behind this huge price pump however volume seems to be coming from china, so may be they are buying again and we have also seen late year price pump before also so this price rally may continue till end of this year.
Talking about price correction, actually few days ago price was near 720$ and it get corrected a little bit to 690$ range and than pumping again. So i think we have to wait $750 to see another small price correction. This pump seem really strong so correction may not be big like before.
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jacktheking
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November 01, 2016, 01:32:58 PM |
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My guess it that another bubble is coming. Oh wait. We're in the bubble now. Congrats, we are all now in the history of Bitcoin hitting 1000 USD mark. Well, hopefully.
I think that Bitcoin price will continue to increase at this rate and will stop at a certain point. Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.
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So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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abel1337
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FOCUS
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November 01, 2016, 02:34:16 PM |
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Bitcoin price increasing too fast in few days past. Is this the effect of bitcoin halving that ended few months from now.I the rumors are true that the price will increase after few months bitcoin halvings end
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Paashaas
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November 01, 2016, 02:59:21 PM |
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The price will increase rapidly because of 1 reason; Supply and Demand. 21 million coins for 7 billion people! Even with the slightest demand the price will shoot up with tens ore hundreds of dollars, and this coming bull-run is not even the mainstream run  |
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criptix
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November 01, 2016, 03:17:08 PM |
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Supply and demand. Im shorting this fomo now  |
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Daisy14
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November 01, 2016, 03:44:18 PM |
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...Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.
Actually last week I heard there was another hacking incident where a Polish bitcoin exchange, Bitcurex got hacked and lost about $1.5M so it has to close down. It seems the hacks occur anytime bitcoin pumps - the whole thing is starting to look staged somehow... |
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criptix
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November 01, 2016, 03:45:06 PM |
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...Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.
Actually last week I heard there was another hacking incident where a Polish bitcoin exchange, Bitcurex got hacked and lost about $1.5M so it has to close down. It seems the hacks occur anytime bitcoin pumps - the whole thing is starting to look staged somehow... That is less then nothing (if it is even true) |
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sildyas
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November 01, 2016, 03:51:03 PM |
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...Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.
Actually last week I heard there was another hacking incident where a Polish bitcoin exchange, Bitcurex got hacked and lost about $1.5M so it has to close down. It seems the hacks occur anytime bitcoin pumps - the whole thing is starting to look staged somehow... So that did happen. It showed up a little in the latest bitcoin news but for only a day. Looks like it did not affect the price if it was even noticeable. |
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equator
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November 01, 2016, 04:09:41 PM |
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...Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.
Actually last week I heard there was another hacking incident where a Polish bitcoin exchange, Bitcurex got hacked and lost about $1.5M so it has to close down. It seems the hacks occur anytime bitcoin pumps - the whole thing is starting to look staged somehow... So that did happen. It showed up a little in the latest bitcoin news but for only a day. Looks like it did not affect the price if it was even noticeable. ya it did not got affect to the price and it went back to $730+ price, and i think in 2nd week of november we can see the price above $800+ |
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tunctioncloud
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November 01, 2016, 04:17:17 PM |
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Reasons have been extensively decided, and no precise one was found yet. However, what I can say is that someday it will fall down, that isn't a definitive rise like we saw in November 2015 and June 2016.
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Bitcoinsummoner
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November 01, 2016, 04:27:00 PM |
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This is just a nature of bitcoin that the price will increase and decrease and i think some people out there are satisfied what the price right now and sooner it can affect the price soon and it will be back to normal soon..
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amacar2
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November 01, 2016, 04:38:13 PM |
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Price is pumping from few weeks continuously and even don't get much deep when reaching $700 which was predicted by lots of members including me. But this time i think price really wants to breath some fresh airs so we may see very good price before any correction. No correction seems to be there soon...
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harizen
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November 01, 2016, 04:50:09 PM |
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Reasons have been extensively decided, and no precise one was found yet. However, what I can say is that someday it will fall down, that isn't a definitive rise like we saw in November 2015 and June 2016.
Past performance can't be a basis accurately for a future output especially in bitcoin price. Fall down might not be the appropriate term but rather price decrease and it's normal that whenever there's a price increase it's always accompanied by a price decrease so obviously it will happen. We just don't know when. Like to see how the price will support it's stand at above $700. Hopefully the status of range at around $700 will be the same as the range when the price is around $600. Looks like the trend started has been on a success. Let's see how far it will goes. |
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