Price climbing fast again

[e-coinomist]

I read somewhere that Trump government will support different types of investment options, so most probably we can assume bitcoin etf will get approved. If these go this way, our next estimations would be on how much investments are going to get attracted toward bitcoin etf. That would definitely will break the range bound of bitcoin prices.

They would act insane if stiffling this FinTech sector just out of a whim! There's that cynic nagging voice talking inside my head pointing out that somebody merely has to mention "Satoshi actuall been a mexican" for this president to act just like he's always knee jerk reflexing on that.
Technology and racism are mutually exclusive. I'm german.

[1715550915]

1715550915

[1715550915]

1715550915

[1715550915]

1715550915

[ASHLIUSZ]

With the price increase happening with small fluctuations the growth is perfect. Right now due to the blocksize issue confirmation delay happening even after placing increased transaction fee. Bitcoin price might get impacted by the recent confirmation issues if its not rectified in a short.

[deisik]

I read somewhere that Trump government will support different types of investment options, so most probably we can assume bitcoin etf will get approved. If these go this way, our next estimations would be on how much investments are going to get attracted toward bitcoin etf. That would definitely will break the range bound of bitcoin prices.

They would act insane if stiffling this FinTech sector just out of a whim! There's that cynic nagging voice talking inside my head pointing out that somebody merely has to mention "Satoshi actuall been a mexican" for this president to act just like he's always knee jerk reflexing on that.
Technology and racism are mutually exclusive. I'm german

This is what you are being fed by mass-media (most likely)

While in reality Trump may be a ruthless, cynical and selfish capitalist inside (read without any principles), and whatever he does (or says, for that matter) aims at making his position most solid in whatever terms its hardness can be measured. Today he lashes China and Mexicans like there's no tomorrow, but tomorrow they will be his best friends forever. Would you be surprised? Personally, I wouldn't, either

[jtalk]

Price could be much more higher than current leveled if at last rally Chinese were not playing dirty game which caused the crash. I hope this time we will see slow but stable increase day after day. I am sure Bitcoin is going to be much more worthy because of several reason in world economy and politics issues in coming weeks and months.

[Schuyler]

This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.

[Sundark]

Right now due to the blocksize issue confirmation delay happening even after placing increased transaction fee. Bitcoin price might get impacted by the recent confirmation issues if its not rectified in a short.

It is not like every mined block is filled to the limit, there still significant fluctuation present.
It is not that 1 MB blocks are directly affecting slowness of the network we are experiencing.
The main culprits behind filled mempool are coordinated spam attacks.

[1Referee]

This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.

It's not that the price has gone up dramatically where you can justify cashing out before the price starts tanking again. It's somewhat of a normal market movement that we are seeing now. It might very well go back down like $30 in the coming days, but is that really worth cashing out for? I don't think so. Better just keep holding to see where the price will be heading to. I am sure that most people don't want to risk selling coins for such an insigificant profit, where the result might be that they miss out when the price happens to increase further. But hey, if you think that selling is the best option, then go for it.

[hannusolo]

If the current trend continues we might see an another test to break the highest price in about a week. But this time the price seems to rise slower than in January, so it might slow down completely and stabilize around here. But of course it's just one opinion. In the crypto world anything is possible

[virusasog]

This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.

Yeah only on today price has increased more than 20$. I hope we should find any price drops in the price bump. Still I do not know the reason for this price bump and how long it has been move forward.

[hannusolo]

Last time it also started to increase rapidly around 1050$, maybe histori repeats itself

BTW was there a particular reason for the price increse last time (that started in December?).

[lumeire]

Last time it also started to increase rapidly around 1050$, maybe histori repeats itself

BTW was there a particular reason for the price increse last time (that started in December?).

No big news has come to my radar worthy of saying it's a 'cause.' Maybe market manipulation? Or no, maybe the demands right now are just so high.

[hannusolo]

Well one driving factor is I think that the Chinese people are buying lot of BTC thue to the weakening of CNY.

[Tanic]

Price could be much more higher than current leveled if at last rally Chinese were not playing dirty game which caused the crash. I hope this time we will see slow but stable increase day after day. I am sure Bitcoin is going to be much more worthy because of several reason in world economy and politics issues in coming weeks and months.

That's right. After some short grow the price again seems frozen on one point, now it's 1020$. Honestly this price is totally satisfy me, so even in the case if it would stay the same I would continue to work for bitcoins.

[JimboToronto]

After some short grow the price again seems frozen on one point, now it's 1020$.

$1020? Where do you see it that cheap?

I see almost $1050 at Stamp and Finex, over $1070 at OKCoin and almost $1060 at Bitcoinaverage.

[swogerino]

Already at $1044.
So not long now until it reaches the Ath that we are all waiting for.

It was only $1034 when I woke up this morning so it is climbing fast once again.

[lite]

This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.

I think a big dump/pump will happen probably after we know if SEC approve bitcoin ETF or not. anyway i'm holding, i'd already sold a few coins few days ago. 

[JimboToronto]

Already at $1044.
So not long now until it reaches the Ath that we are all waiting for.

It was only $1034 when I woke up this morning so it is climbing fast once again.

Once again, where?

When quoting Bitcoin prices, people should always state where. As my last post shows, it varies a lot from exchange to exchange.

This is why when I quote prices I usually specify Bitcoinaverage, because they do a volume-weighted average of virtually all exchanges worldwide, excluding the volumes of zero-fee exchanges.

Even quoting Preev, the poor man's Bitcoinaverage, is better than quoting any single exchange or not specifying any source.

[deisik]

This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.

I think a big dump/pump will happen probably after we know if SEC approve bitcoin ETF or not. anyway i'm holding, i'd already sold a few coins few days ago

It is rumored that SEC is not going to approve such ETFs any time soon

Another rumor that was just shared in the Btc-e troll box has it that a few dudes can't withdraw their coins from some Chinese exchanges (Huobi, more specifically). If it is really so (as it seems to be), we may be seeing just another heavy price manipulation by the Chinese manipulators before Bitcoin is going to plunge again, though how high and for how long it might be climbing cannot be said with any degree of certainty. But one thing can still be asserted though, namely, that the market always fools the majority of traders

[Slark]

There is less than 25% chance that SEC will approve Winklevoss exchange-traded fund, it is the same story all over again since mid 2013:
"it's too risky, bitcoin's price is to volatile, we have to protect investors, so we can't allow that ETF" - that is SEC official line of argumentation.
Still, we should be grateful for free promotion and news coverage this case brought.

[deisik]

There is less than 25% chance that SEC will approve Winklevoss exchange-traded fund, it is the same story all over again since mid 2013:
"it's too risky, bitcoin's price is to volatile, we have to protect investors, so we can't allow that ETF" - that is SEC official line of argumentation

But ain't it really so?

We should understand that many ETFs are used by the so-called passive investors (which may include, for example, pension funds), but I don't think many folks will be quite happy to find out that their savings were poured into Bitcoin. Let's remain realists, Bitcoin is still mostly a marginal asset, highly speculative and volatile. If Bitcoin ETFs are allowed it will likely cause another Bitcoin bubble to swell up, which will only make the price even more volatile (when it first swells and then pops)