rapidly increasing price

[jondeen707]

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

I was really really shocked too when the time i vacation the price of bitcoin is not like that and then i online because my vacation is done i really amazed on what the bitcoin price happen and when i checked it into preev.com site the bitcoin price was really high and my thoughts is the bitcoin will be hit the 800?

Even this is my expectation is like that, bitcoin is use to get increase on December and January months every year. I expect better price rise when compare to last year. wait and win with the best price.

Everyone is expecting some great price by the end of the year and that is why everyone is preferring to hold their coins till that time so that they can sell when price reaches to $800 or even higher in coming months and I think $800 is pretty possible to achieve at the end of the month of December.

All due respect, not everyone shares that sentiment. I for one don't think it will reach $800 by the end of the year. Won't be bad if I'm proven wrong 

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[Carlsen]

As long as the prices keeps staying above 700$ this is good. The tendency is going up and we all would like to see 800$ at least by the end of the year. Some are going even further saying that the price should reach 1000$very soon.
We'll see what 2017 brings to us.

Year 2017 will be the promising year for bitcoins as bitcoin is growing more and more over a period of time and we have witnessed the same thing in this year as price rise to more then 100% in this year in compare to the last year and if the rally continues then we may see much better and higher price in next year.

At the moment I see the stable level between 705$ and 725$.
Every time the bitcoin went out of that intervall, due to recent rumors or elections, it bounced quickly back into it.
I suppose at the moment that by the end of the year we will see something of 750$, if nothing dramatically changes the game.

[outatime1]

I don't think the price will continue to rise that quickly. As we are seeing now, there is some fluctuation. I think we will see a gradual increase with more fluctuations are times.

[hawkins]

I don't think the price will continue to rise that quickly. As we are seeing now, there is some fluctuation. I think we will see a gradual increase with more fluctuations are times.

you're right, sometimes, bitcoin prices are rising rapidly, but after this increase, the bitcoin fell back, although down not too far from the ascension. Well, after that bitcoin prices will be stable in a long time as it is today. I hope someday bitcoin prices rise quickly and remain stable

[Hellacopter]

I think the price will continue to rise slowly with time , and mostly it will hit the 1000$ level by the end of this year, or by the first months of the next year maximum.

[lionheart78]

I don't think the price will continue to rise that quickly. As we are seeing now, there is some fluctuation. I think we will see a gradual increase with more fluctuations are times.

Yes, I agree the bitcoin price will not steadily increase in price without set-back.  This is why many investors and traders flock in bitcoin.  One thing I also observed is that whenever a fast incease in price of bitcoin occur, there is this bigger set-back in price, which somehow show that there is a correction after an incline in price.  Most people think of whales manipulating the price, pushing the bitcoin price increase and cashing out when the goal price is met, which is very possible too.

[Babayega31]

I don't think the price will continue to rise that quickly. As we are seeing now, there is some fluctuation. I think we will see a gradual increase with more fluctuations are times.

Yes, I agree the bitcoin price will not steadily increase in price without set-back.  This is why many investors and traders flock in bitcoin.  One thing I also observed is that whenever a fast incease in price of bitcoin occur, there is this bigger set-back in price, which somehow show that there is a correction after an incline in price.  Most people think of whales manipulating the price, pushing the bitcoin price increase and cashing out when the goal price is met, which is very possible too.

I also agree with it, rapid increase occurs due to bigger set back of price. There is no manipulation of price at all, only one thing let me think that is actually pushing those investors to sell their bitcoin because of this great opportunity, anyway this is a game of trading and everyone should grab this for big profit.

[Omegasun]

I don't think the price will continue to rise that quickly. As we are seeing now, there is some fluctuation. I think we will see a gradual increase with more fluctuations are times.

Yes, I agree the bitcoin price will not steadily increase in price without set-back.  This is why many investors and traders flock in bitcoin.  One thing I also observed is that whenever a fast incease in price of bitcoin occur, there is this bigger set-back in price, which somehow show that there is a correction after an incline in price.  Most people think of whales manipulating the price, pushing the bitcoin price increase and cashing out when the goal price is met, which is very possible too.

I also agree with it, rapid increase occurs due to bigger set back of price. There is no manipulation of price at all, only one thing let me think that is actually pushing those investors to sell their bitcoin because of this great opportunity, anyway this is a game of trading and everyone should grab this for big profit.

The set back is already occured last month. Bitcoin price is just arbitrating and prepairing for price inflation on the end of the month. Bag some bitcoins while it is still cheap. Grab it when it dumps on 690$. 800$ is nearly coming. 

[Ridley69]

Ok Bitcoin price will increase again... but what is the limit?
It can't increase indefinitely... Everything has a limit.

Maybe when it'll be at $900/1000, it'll stabilize for some years.

[Barbut]

What you people are excited for, this is happening all the time with bitcoins. Not the first, not the last time for sure, isn`t this exactly what we all been waiting for, and now when it finally comes you ask why its rapidly increase.
Bitcoin is building power for a while and after a long time of silence bitcoin started to rise, that means things are happening, people are joining, shops are opening, casinos are full, people trade like crazy, buy and sell bitcoins, with few words economy is growing.

[Vaskiy]

Over the past few hours time a sudden increase in price had took place. This price increase needs to continue as price is stable for a long. This time price needs to get close to $750, so that it will be stable for a short and touches $1000 by the year end.

[Zadicar]

Over the past few hours time a sudden increase in price had took place. This price increase needs to continue as price is stable for a long. This time price needs to get close to $750, so that it will be stable for a short and touches $1000 by the year end.

We are  hoping the same thing  on  which  we  would  like to see bitcoins  price to  touch  $1k  price again  but  as we all  notice that  bitcoins  price is playing  between  $710- $740  price and  i dont think  it would  lower down  its price again  on  sub 600+ price and  its  a really good  indicator that bitcoin does have already a good support   regarding when its price tend to  go down  a little bit.

[Mr.grin]

the current price of bitcoin back rose to $ 730 more. I am quite hopeful that the current prices can penetrate rising price of $ 750, and back to stability, because it could be the beginning of the rise of the price of bitcoin. Well, a few weeks away until well into the month of December, if this month bitcoin prices could reach $ 800, there is the possibility of bitcoin prices at the end of the year will be $ 850- $ 900

[jondeen707]

Over the past few hours time a sudden increase in price had took place. This price increase needs to continue as price is stable for a long. This time price needs to get close to $750, so that it will be stable for a short and touches $1000 by the year end.

We've seen it 2 times before over the last 30 days or so after which it always bounced back to $700. Let's see whether it keeps the momentum this time.

[bitbunnny]

Hope it will continue to rise. The price is playing around 700 and 750 but have my fingers crossed to step over this limit. I'm not expecting 1000$ at this moment this would be to optimistic but 800$ or 850$ would be very nice to see...
Especialy in December, that would be a very nice Christmass gift for all of us. 

[xdrpx]

As per previous years price trend the price of Bitcoin usually rises during the halving and until Black Friday and Christmas sales start and people start buying a lot of stuff using their Bitcoins. Consequently, the price dips a bit when this happens. But this year, the trend seems a bit different due to the fall in value of the Yuan and the Indian currency demonetization where a lot of investors are going long on Bitcoins.

Also if you remember it's been twice or thrice within this month that the value of Bitcoins has fallen from 700 USD to lower value and then risen up again, and now it's back to USD 740+. This seems to be a bit volatile considering the buy and sell wave from China. I'm looking forward for a positive outlook in Bitcoins price the coming year and hoping that it reaches USD 1000 + by Feb end or March beginning.

 

[error08]

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 seems that the stable price set on $740s as many factors affecting bitcoin in good way such as CNY inflation and bitcoin got higher demand there, end of the year is coming and speculation about the price reach $1000, latest news about shops at the Passage du Grand Cerf in Paris accepted bitcoin payment, so everything going fine and demand of bitcoin created high price.
What interesting is every time financial crash or vulnerability of fiat system occurs will affect positively on bitcoin due to people looking for reliable currency that doesn't affected.

[d@nte]

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

One of the reasons, as stated before, is supply and demand. There is an increased interest from users, and the fact that we have less coins entering the market, since the last halving, is helping the price.
Another possible factor is that there are rumors that segwit can be activated within the next few weeks.

[PokerFace3]

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

One of the reasons, as stated before, is supply and demand. There is an increased interest from users, and the fact that we have less coins entering the market, since the last halving, is helping the price.
Another possible factor is that there are rumors that segwit can be activated within the next few weeks.

Other than the factors within bitcoin ecosystem, there are many supporting events happened last week.
The new president for world's powerful economy and good supporter of bitcoin system, china's possible regulations on bitcoin mining that might lead to legalizing bitcoins in china and finally India's new policy on black money heavily driving bitcoin prices, right now Indian markets trade near $900 levels are the reasons for recent sudden surge.

[mrcash02]

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

One of the reasons, as stated before, is supply and demand. There is an increased interest from users, and the fact that we have less coins entering the market, since the last halving, is helping the price.
Another possible factor is that there are rumors that segwit can be activated within the next few weeks.

Other than the factors within bitcoin ecosystem, there are many supporting events happened last week.
The new president for world's powerful economy and good supporter of bitcoin system, china's possible regulations on bitcoin mining that might lead to legalizing bitcoins in china and finally India's new policy on black money heavily driving bitcoin prices, right now Indian markets trade near $900 levels are the reasons for recent sudden surge.

If Trump's victory will help BTCs as expected, I believe more than never BTC will reach to $1000 soon, in December or January. The coin is stabled in $720-$740 at this moment, but it will increase more soon and stabilize in $900. That is a good speculation and very possible to happen, nothing improbable. If Trump endorses BTC, more people will start using it.