Price climbing fast again

[1Referee]

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)

Volatility will always remain an 'issue' in a free market as Bitcoin, but these ETF are probably (at this point) the only decent entry point for institutional investors as there is no way they will sign up at the current incompetent exchanges with all their flaws and hack drama. These investors need a serious platform that they can use to safely take a large position in Bitcoin if they so wish. That being said, due to the high level of government interference pension funds at this point can't jump into Bitcoin even though they want to do so themselves. But at least ETF's offer serious investors a secure way of entering Bitcoin, that's what I consider to be a major plus. Current exchanges need to be put offside.

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[marcuslong]

DId you see what happen on the reason behind the rising price of bitcoin? Hmm im really curious about the big change on happening on bitcoin price its increasing rapidly bitcoin price now is really amazing i can't believed after i sold my bitcoin i tought that i will decrease but my speculation was failed lmao.

[deisik]

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)

Volatility will always remain an 'issue' in a free market as Bitcoin, but these ETF are probably (at this point) the only decent entry point for institutional investors as there is no way they will sign up at the current incompetent exchanges with all their flaws and hack drama. These investors need a serious platform that they can use to safely take a large position in Bitcoin if they so wish. That being said, due to the high level of government interference pension funds at this point can't jump into Bitcoin even though they want to do so themselves. But at least ETF's offer serious investors a secure way of entering Bitcoin, that's what I consider to be a major plus. Current exchanges need to be put offside

I don't particularly disagree with that

On the other hand, though, I don't see how Bitcoin ETFs would be much more reliable. They can in fact be more reliable due to government (SEC) regulation, which will likely prevent them from outright scamming (again, this is debatable), but we should not forget that Bitcoin remains the same Bitcoin even if it is operated by a regulated entity. Government regulation doesn't avert the devastating consequences of technical incompetence and lack of expertise in regard to, for example, security issues. In other words, bitcoins can still be stolen from these ETFs just like they get stolen from elsewhere

[OrangeII]

DId you see what happen on the reason behind the rising price of bitcoin? Hmm im really curious about the big change on happening on bitcoin price its increasing rapidly bitcoin price now is really amazing i can't believed after i sold my bitcoin i tought that i will decrease but my speculation was failed lmao.

'Well, it is a common thing in bitcoin. Statistical very difficult to guess the price of a bitcoin, sometimes you feel it was going downhill, but turned it into a rose. Well, this time I did not know what caused the bitcoin prices rise, but I can only enjoy it for the moment.

[mtwelve]

We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.

[Tanic]

Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.

[1Referee]

I don't particularly disagree with that

On the other hand, though, I don't see how Bitcoin ETFs would be much more reliable. They can in fact be more reliable due to government (SEC) regulation, which will likely prevent them from outright scamming (again, this is debatable), but we should not forget that Bitcoin remains the same Bitcoin even if it is operated by a regulated entity. Government regulation doesn't avert the devastating consequences of technical incompetence and lack of expertise in regard to, for example, security issues. In other words, bitcoins can still be stolen from these ETFs just like they get stolen from elsewhere

Well, due to them being subject to heavy governmental supervision, where they have to comply with all kinds of strict policies/laws, it will be much more difficult compared to how things are being run on today's exchanges. It's literally a joke how easy it is for operators of current major exchanges to squander a few million $$ worth of coins without someone ever noticing. That being said, if I have a look at the Winklevoss ETF details, then it doesn't offer any insurance against whatever scenario. But that's more due to the fact that insurers are lacking knowledge on how to insure digital assets properly. End result, you're right, theft will still be an when it comes to Bitcoin related ETF's.

[BigBos]

We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.

well, actually, bitcoin prices rose to $ 1,053 back. I really believe that this time, the price of bitcoin will be stabilized at the price of $ 1,000. I hope that this will happen in a long time. well, maybe a bitcoin prices will keep rising slowly like this until the end of the month of February 2017.

[Shady]

Can't believe we're almost recovered from the last price hike... This is an amazing thing to see with the next level of online development being in front of our eyes.

I suspect the value to be near ~10,000 in a couple decades.

[DRaGoN RaNTaRo]

We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.

Expect these sort of price crashes when some news pops out of China that Chinese authorities will be meeting with exchanges and even a news like that would create panic in the price of bitcoin and hope we wont see a crash and these sort of volatile nature really scares anyone who is invested in bitcoin.

[angaper]

We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.

Expect these sort of price crashes when some news pops out of China that Chinese authorities will be meeting with exchanges and even a news like that would create panic in the price of bitcoin and hope we wont see a crash and these sort of volatile nature really scares anyone who is invested in bitcoin.

It is terrible to see this great concern for the Chinese influence in the bitcoin price. I really hate this. I am a western man, so I dislike to be permanently reading and watching what are Chinese thinking or opining about bitcoin. Actually I think this a myth, and I am sure there is bitcoin after China.

[mtwelve]

We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.

Expect these sort of price crashes when some news pops out of China that Chinese authorities will be meeting with exchanges and even a news like that would create panic in the price of bitcoin and hope we wont see a crash and these sort of volatile nature really scares anyone who is invested in bitcoin.

It is terrible to see this great concern for the Chinese influence in the bitcoin price. I really hate this. I am a western man, so I dislike to be permanently reading and watching what are Chinese thinking or opining about bitcoin. Actually I think this a myth, and I am sure there is bitcoin after China.

No doubt there is Bitcoin after China. But since BTC is such a small currency in the grand scheme of things, it can be heavily swayed by a single party with deep pockets. With that being said, we did break $1000 once again so that's definitely a good sign.

[Arcteryx]

Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.

I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.

[deisik]

We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.

Expect these sort of price crashes when some news pops out of China that Chinese authorities will be meeting with exchanges and even a news like that would create panic in the price of bitcoin and hope we wont see a crash and these sort of volatile nature really scares anyone who is invested in bitcoin.

It is terrible to see this great concern for the Chinese influence in the bitcoin price. I really hate this. I am a western man, so I dislike to be permanently reading and watching what are Chinese thinking or opining about bitcoin. Actually I think this a myth, and I am sure there is bitcoin after China

"The reports of my death are greatly exaggerated"

I'd say this is not a myth but rather manipulation aimed at shaking out bitcoins from the weak hands. It somewhat worked out in the beginning of this year when the price momentarily crashed down to 750 dollars per coin, but it fell flat now even despite the event itself (i.e. disabling Bitcoin withdrawals from major Chinese exchanges) which should have produced more pronounced (if not outright devastating) effect. It seems like folks really got tired of all these games and just buy Bitcoin whenever its price starts to decline

I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.

I haven't heard anything about that. It is rumored that the decision should be taken in March

[hawkins]

Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.

I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.

so many reports about it, but in the end it's all just speculation misses. for now, bitcoin prices are really high, but I also felt that this would be even higher. for now, the price of bitcoin is being stabilized, perhaps due to caused by a lot of people who hold their bitcoin. I believe, bitcoin prices will go up quickly, when they make a transaction, or investment in large numbers again.

[virusasog]

Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.

I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.

so many reports about it, but in the end it's all just speculation misses. for now, bitcoin prices are really high, but I also felt that this would be even higher. for now, the price of bitcoin is being stabilized, perhaps due to caused by a lot of people who hold their bitcoin. I believe, bitcoin prices will go up quickly, when they make a transaction, or investment in large numbers again.

Bitcoin value is stablized around 1000$ and more now. I think this would the base value for this year and we might see some bumps and dumps in the market. I hope it should move to more than 1500$ before this year ends.

[AjithBtc]

Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.

I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.

so many reports about it, but in the end it's all just speculation misses. for now, bitcoin prices are really high, but I also felt that this would be even higher. for now, the price of bitcoin is being stabilized, perhaps due to caused by a lot of people who hold their bitcoin. I believe, bitcoin prices will go up quickly, when they make a transaction, or investment in large numbers again.

Bitcoin value is stablized around 1000$ and more now. I think this would the base value for this year and we might see some bumps and dumps in the market. I hope it should move to more than 1500$ before this year ends.

Price is in a stabilized manner, even after deep fall the price crossed $1000 once again in a very short time. This time the price could go further to $1500 or even more, but we need to wait long. At least till the year end we need to hold on patiently. We might reach $1200 soon.

[error08]

Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.

I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.

I think the ATH in 2013 around $1200, the latest all-time high was set on 17 November 2013 at US$1,216.73 on the Mt. Gox exchange and bitcoin reached another all-time high of US$1,139.9 on 4 January 2017. Source : wikipedia.
Winklevoss bitcoin ETF will get approval on March 11th, SEC has been delaying to make a decision since few years ago, what a long way to wait for them. But, the decision will affect bitcoin environment for sure as US Securities and Exchange Commission (SEC) is aimed to providing a means for investors to gain exposure to bitcoin without actually having to buy the digital currency. http://www.coindesk.com/winklevoss-bitcoin-etf-100-million/

[Zaun]

Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.

I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.

I think the ATH in 2013 around $1200, the latest all-time high was set on 17 November 2013 at US$1,216.73 on the Mt. Gox exchange and bitcoin reached another all-time high of US$1,139.9 on 4 January 2017. Source : wikipedia.
Winklevoss bitcoin ETF will get approval on March 11th, SEC has been delaying to make a decision since few years ago, what a long way to wait for them. But, the decision will affect bitcoin environment for sure as US Securities and Exchange Commission (SEC) is aimed to providing a means for investors to gain exposure to bitcoin without actually having to buy the digital currency. http://www.coindesk.com/winklevoss-bitcoin-etf-100-million/

The ETF comes in a wrong moment because at the moment bitcoin's china problems are causing too much attention on the negative. Investors care about that. Especially when it involves a country like china, which is key for bitcoin. If that problem goes away i seen no reason as to why the old ATH will be passed.

[Babayega31]

Yes absolutely the price is climbing fast again, and it shows minimal drop of its price as the time is passing by more users are always waiting to the price that will spikes higher again. As I had observe last month up to present there were significant movement, that could be profitable along the ways of its price is fast climbing up which is very good news to all investors of bitcoin.