That's time that's sure : we are in a pump

[Skjöld]

Yesterday we broke the 800$ cap and now we are at 861$. That's a lot too fast to be something healthy, and I think this is just another boring pump. Until which point it will go and when it will calm down and to which point is another discussion.

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[1Referee]

No doubt about that. People right now are blindly buying without thinking about the consequences of the pump coming to an end. It's pure greed in combination with the fear of being too late to be part of the moon party. I'm glad that I can just look at the price and secure profits. I would never buy at current prices. I only buy my coins when the market is looking like a war zone. No one knows till what price levels we'll see this rally continue, but it's not hard to imagine that $1000 would be some sort of a barrier. I personally think that from this point, there is less than 10% that we can go up. In that regard, it might touch $900-$920 before we see the price go down again.

[MiladMax]

I think it will go up to $880-900 and then will dump to 820-830 

[Tanic]

That is just crazy! Such a fast rise! Do you guys think that bitcoin will continue to grow with the same temps? If yes we will see the price 1000$ in few days already!

[Ushler]

That is just crazy! Such a fast rise! Do you guys think that bitcoin will continue to grow with the same temps? If yes we will see the price 1000$ in few days already!

I hope the price will stay below $900.

[JakaE]

How come some sources display a huge explosion in trading volume for yesterday and some don't?

[JimboToronto]

I hope you realize that not everyone is a speculator/trader.

Some people buy bitcoins for the purpose of long-term savings or to send money quickly and cheaply around the world.

Others buy bitcoins as a safe haven for their funds when they're under siege from governments and banks.

The situation in India is a prime example of the latter. That's not FOMO.

That's FOLM, fear of losing money. They'll gladly pay a premium to keep their money safe.

I find the word "pump" to be ridiculous.

[LFC_Bitcoin]

I think it will go up to $880-900 and then will dump to 820-830 

I don't see that as a negative. I think most of us would have settled for this at this stage when the price was around $200-250 around 2 years ago.

[LoyceV]

For a long time, Bitcoin price has been going up slow and steady. Some bumps, but overall it's going up.

Look at the all-time graph:

Compared to the all-time-high 3 years ago, the increase is more gradual. The last 24 hours, that pattern is broken. But it's kinda what I expected to happen after it finally broke the psychological $800 barrier, because it had been "stuck" just under $778 for quite a while.

After a sharp increase, it usually drops back again, but that could just as well happen after it's reached much higher first. That brings me to my conclusion: I'm neither buying nor selling at the moment. Just enjoying the ride.

[chesatochi]

For the healthy of the currency, I don't think the price should move too fast in a short period. I think the price will decrease a little bit after the pump if that happen and will stabilize between 800USD and 850USD.

Personally is always cool to see the number growing in my wallet

[uki]

For a long time, Bitcoin prize has been going up slow and steady. Some bumps, but overall it's going up.

Look at the all-time graph:
-snip-
Compared to the all-time-high 3 years ago, the increase is more gradual. The last 24 hours, that pattern is broken. But it's kinda what I expected to happen after it finally broke the psychological $800 barrier, because it had been "stuck" just under $778 for quite a while.

After a sharp increase, it usually drops back again, but that could just as well happen after it's reached much higher first. That brings me to my conclusion: I'm neither buying nor selling at the moment. Just enjoying the ride.

I would expect the correction to start anytime soon. This type of peak, as the one right now, has been seen in the past in the final stages of the up legs. A good and healthy correction would be great before resuming further rise.

[phunixx]

Pump for sure, but i  sold my BTC at +- 870 USD today (which i bought at +- 370)
I dont see it go much higher in the near future....
My 2 cents of course 8-))))

[marcuslong]

Yesterday we broke the 800$ cap and now we are at 861$. That's a lot too fast to be something healthy, and I think this is just another boring pump. Until which point it will go and when it will calm down and to which point is another discussion.

BItcoin is now rapidly puming and it grow too fast from the martket cup and from the other exchange i do not know what really happening now but i always prayed that bitcoin will not fall apart in this comming 2017 and bitcoin will be continously increase im always calm and waiting for the price increase to sell all my coins.

[jondeen707]

Curious how strong the correction would be

[jondeen707]

Yesterday we broke the 800$ cap and now we are at 861$. That's a lot too fast to be something healthy, and I think this is just another boring pump. Until which point it will go and when it will calm down and to which point is another discussion.

BItcoin is now rapidly puming and it grow too fast from the martket cup and from the other exchange i do not know what really happening now but i always prayed that bitcoin will not fall apart in this comming 2017 and bitcoin will be continously increase im always calm and waiting for the price increase to sell all my coins.

I never doubted Bitcoin's future, but honestly I'm still a bit in awe of the progress it's made this year.

[Red-Apple]

Yesterday we broke the 800$ cap and now we are at 861$. That's a lot too fast to be something healthy, and I think this is just another boring pump. Until which point it will go and when it will calm down and to which point is another discussion.

this was a fast rise for sure, and it was a new thing after a very long time in bitcoin that something like this happened with the price. but i would never call this a bubble because it is too small a rise to be a bubble. the price has gone up 7-8% and with bitcoin you can not call that a bubble.

[Fanpant]

Curious how strong the correction would be

If the price does not go over $890, there will be little correction.

[U2]

For a long time, Bitcoin prize has been going up slow and steady. Some bumps, but overall it's going up.

Look at the all-time graph:
[IMG]http://i66.tinypic.com/s30t2p.gif
Compared to the all-time-high 3 years ago, the increase is more gradual. The last 24 hours, that pattern is broken. But it's kinda what I expected to happen after it finally broke the psychological $800 barrier, because it had been "stuck" just under $778 for quite a while.

After a sharp increase, it usually drops back again, but that could just as well happen after it's reached much higher first. That brings me to my conclusion: I'm neither buying nor selling at the moment. Just enjoying the ride.

That's where I am right now. I'm definitely not selling but I'm also not looking to buy more. Enjoy the ride and don't panic at the correction.

[dawnpot]

I'm still optimistic that it will pump up to $1000 before anything else, so I'll keep buying so long as it's below $1000 and sell after it crosses the $1000 mark.

[maku]

I dont see it go much higher in the near future....
My 2 cents of course 8-))))

I am gonna disagree with you. There are various market indicators (RSI, MACD) which states clearly that this is not the end of bullish trend.
We spent too long under $800, so now when that resistance is broken the price may surge higher than $50-$70.