YUUGE Runup in BTC Price Today (+$35)

[OROBTC]

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ounce.me and fiatleak.com have been interesting to watch today.  Bitcoin up around $35 today alone, to $749.

I don't know why.  China?

But, I am pleased that I found a new BTC ATM in my city that only charges 9% over "spot" (vs. the 14% of the other machine).  I was lucky to get BTC when it was $733 (spot price)

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[~Bitcoin~]

I don't know why.  China?

But, I am pleased that I found a new BTC ATM in my city that only charges 9% over "spot" (vs. the 14% of the other machine).  I was lucky to get BTC when it was $733 (spot price)

Volume always seem to be coming from china when looked on fiatleak and i think that is also normal to see as everybody know for Chinese investing in bitcoin is most secure investment rather than holding their currency in banks.

Recent price pump is really amazing and we are already back to near $750 so may be this will be next stable region rather than $700.

[pooya87]

I don't know why.  China?

But, I am pleased that I found a new BTC ATM in my city that only charges 9% over "spot" (vs. the 14% of the other machine).  I was lucky to get BTC when it was $733 (spot price)

Volume always seem to be coming from china when looked on fiatleak and i think that is also normal to see as everybody know for Chinese investing in bitcoin is most secure investment rather than holding their currency in banks.

Recent price pump is really amazing and we are already back to near $750 so may be this will be next stable region rather than $700.

volume that comes from China is usually ignored because it is mostly on exchanges that have 0 fee and we know how much fees can affect trading for us. for example you can trade bitcoin even if it goes from 4900 CNY to 4901 CNY and still make a profit but if there were fees like 0.2% you need at least 4924.6 CNY to make your money back!

[ebliever]

FWIW, bitcoin market cap is now $12 Billion again. :-)

[Kakmakr]

I think the events in India might have sparked this recent increase in the price. You might have some people with what I call " Mattress Money" in higher currencies, that needs to be shifted into other commodities, before these currencies are banned. < for a lack of a better word >

Bitcoin offer these people some protection and a way to pull this money back into circulation, without people asking too many questions. ^smile^

[Herbert2020]

I think the events in India might have sparked this recent increase in the price. You might have some people with what I call " Mattress Money" in higher currencies, that needs to be shifted into other commodities, before these currencies are banned. < for a lack of a better word >

Bitcoin offer these people some protection and a way to pull this money back into circulation, without people asking too many questions. ^smile^

that may be it but there have been so many other things that have been rising in other markets which are much bigger than bitcoin and i think it is partly because of Trump victory and the fact that he is a businessman who is planning on changing the US economy and improving it a lot.

[jondeen707]

I think the events in India might have sparked this recent increase in the price. You might have some people with what I call " Mattress Money" in higher currencies, that needs to be shifted into other commodities, before these currencies are banned. < for a lack of a better word >

Bitcoin offer these people some protection and a way to pull this money back into circulation, without people asking too many questions. ^smile^

that may be it but there have been so many other things that have been rising in other markets which are much bigger than bitcoin and i think it is partly because of Trump victory and the fact that he is a businessman who is planning on changing the US economy and improving it a lot.

You mean like overall market optimism over Trump's victory? I would not be so sure about that. He and his entourage have been uncharacteristically quiet since the election. May be this is what causes that optimistic sentiment. Anyway, it won't be long till we find all that out.

[Catmony]

Chinese seem again have started buying bitcoin in huge amount after trump got elected and most of the asian market/fiat is going down. However can't find actual reason behind today's pump.

[jimbobway]

$35 is not that much.  I am expecting 100% returns.

[Hunyadi]

$35 is not that much.  I am expecting 100% returns.

USD 35 is nothing...it's like 5% 

[LFC_Bitcoin]

FWIW, bitcoin market cap is now $12 Billion again. :-)

Good stuff but come back to me when it's 100 billion USD. I will start getting very excited then.

[talks_cheep]

$35 is not that much.  I am expecting 100% returns.

100% is nothing in bitcoinland. I am expecting 10000000000000000000000000000000000000% returns.

[eneilwex]

Bitcoin will hit 900 before the ends of the year, you will see.

[serjent05]

Bitcoin will hit 900 before the ends of the year, you will see.

I think 850 USD will be the max this year.  There is always set-back whenever there is price increase.  So as far as speculation is concern, after hitting 800 USD there will be set-back to 750 USD, before it go back to 800 and exceed it.  There is always this scenario of you look back at bitcoin price history.  So in my opinion it won't be a smooth sailing to 900 USD.