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Author Topic: Price climbing fast again  (Read 9797 times)
giveen
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March 01, 2017, 04:39:59 PM
 #221

in preev, the current price of bitcoin really reach $ 1,200 price. I think this is a good start to the month of March. Well, let's hope that when the end of the month will end with bitcoin prices reached $ 1,300. may rise to $ 100 on each month is a very fast rise.
I don't think we will be able to see such a growth in march we saw in February maybe we can expect a decrease also in march or maybe an increase of 20-30$. This is just speculations I think the best thing we can do is just wait and watch
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March 01, 2017, 04:46:41 PM
 #222

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

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March 01, 2017, 04:59:54 PM
Last edit: March 01, 2017, 05:42:49 PM by deisik
 #223

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

And we could expect the price might go down even before the final decision is announced just like it happened with the halving hype which reached its peak a few weeks before actual halving took place. And in the case of July halving the event could be expected with 99.9% certainty. But this certainty still didn't stave off the price crashing from its many years' highs of around 780 dollars per coin down to lower 600s. Though it is not quite clear how much of today's price is really due to hype connected with the pending ETF approval (or disapproval, for that matter). If there is not much such hype, then the price might not decline heavily or not decline at all

Like it happened after the Chinese authorities had "banned" Bitcoin in China

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March 01, 2017, 05:17:01 PM
 #224

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

So do you want to sell now and buy later?
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March 01, 2017, 05:42:29 PM
 #225

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

And we could expect the price might go down even before the final decision is announced just like it happened with the halving hype which reached its peak a few weeks before actual halving took place. And in the case of July halving the event could be expected with 99.9% certainty. But this certainty still didn't stave off the price crashing from its many years' highs of around 780 dollars per coin down to lower 600s. Thoug it is not quite clear how much of today's price is really due to hype connected with the pending ETF decision. If there is not much such hype, then the price might not decline heavily or not decline at all

Like it happened after the Chinese authorities had "banned" Bitcoin in China

I think the big whales would not speculate. They already have the coins and would only buy more when they are sure about something. So I don't think they are involved in the price increase.
And the big number of small investors, maybe they even wait to buy when the price is at an all time high (especially when there is an uncertain decision coming).
I suppose bitcoin has increased its popularity, so the price we see could be a result of real demand for bitcoin as a payment.
After the etf decision, no matter how it will go, I don't see the price go much down at the moment. Upwards everything is possible.

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March 03, 2017, 11:18:28 AM
 #226

Can this price high be the issue with bter allowing users to withdrawal 10BTC or ETF. We witness for first time that 1 bitcoin is worth more the 1 ounce of gold (real gold). Are we gonna brake 1300 for this weekend or even today if it is possible (i truly believe it is), if so will price then drop or not.



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March 03, 2017, 11:20:08 AM
 #227

Can this price high be the issue with bter allowing users to withdrawal 10BTC or ETF. We witness for first time that 1 bitcoin is worth more the 1 ounce of gold (real gold). Are we gonna brake 1300 for this weekend or even today if it is possible (i truly believe it is), if so will price then drop or not.

It wont drop passed 1.2 now for anything more than 24 hours.  Still think steady climb vs mad break out over next month.

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March 03, 2017, 11:28:32 AM
 #228

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

And we could expect the price might go down even before the final decision is announced just like it happened with the halving hype which reached its peak a few weeks before actual halving took place. And in the case of July halving the event could be expected with 99.9% certainty. But this certainty still didn't stave off the price crashing from its many years' highs of around 780 dollars per coin down to lower 600s. Thoug it is not quite clear how much of today's price is really due to hype connected with the pending ETF decision. If there is not much such hype, then the price might not decline heavily or not decline at all

Like it happened after the Chinese authorities had "banned" Bitcoin in China

I think the big whales would not speculate. They already have the coins and would only buy more when they are sure about something. So I don't think they are involved in the price increase.
And the big number of small investors, maybe they even wait to buy when the price is at an all time high (especially when there is an uncertain decision coming)

You likely meant to say that they are postponing buying bitcoins while the price is all time highs (i.e. not going to buy right now). Other than that, we don't know if all whales don't speculate. Some of them (at least, some of those who pretended to be whales) confessed here that they are in for a very long term, basically, till Bitcoin gets worldwide traction and is accepted as a genuine and full-fledged means of payment and exchange (and then they become new super rich and wealthy technoelite). Personally, I think some of whales should necessarily cash out from time to time for a whole host of reasons

Urgently needing cash being one of them and definitely most common

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March 03, 2017, 11:34:10 AM
 #229

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

So do you want to sell now and buy later?
I just want to sell in near of 11 march and it's mean still there are lot of the days will come. and In my believe if it will become my best decision to sell them, on the top of the charts.
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March 03, 2017, 09:51:16 PM
 #230

Can this price high be the issue with bter allowing users to withdrawal 10BTC or ETF. We witness for first time that 1 bitcoin is worth more the 1 ounce of gold (real gold). Are we gonna brake 1300 for this weekend or even today if it is possible (i truly believe it is), if so will price then drop or not.
It is true that gold has broken the price of gold mainly because the price of gold has dropped down in the past few weeks but the fun fact is that bitcoin has a much lower market cap than gold and it is really hear to coin bitcoin and gold in the same page.Hope the movement continues and break new records.
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March 03, 2017, 11:49:36 PM
 #231

Can this price high be the issue with bter allowing users to withdrawal 10BTC or ETF. We witness for first time that 1 bitcoin is worth more the 1 ounce of gold (real gold). Are we gonna brake 1300 for this weekend or even today if it is possible (i truly believe it is), if so will price then drop or not.
It is true that gold has broken the price of gold mainly because the price of gold has dropped down in the past few weeks but the fun fact is that bitcoin has a much lower market cap than gold and it is really hear to coin bitcoin and gold in the same page.Hope the movement continues and break new records.

I hope to bitcoin touch 1300 dollars immediately and continue to climb up, because if I look around price of bitcoin about 1270+  today.
If we look at the movement of fluctuations Bitcoin looks very nice, relatively rise in near time.
*correct me if i wrong

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March 03, 2017, 11:53:34 PM
 #232

At the moment it is difficult to know where this will stop. In 2013, almost no one expected the price to exceed the $ 1200 mark. But I would prefer that from now the currency has a more steady rise in the market, so that the dump that occurred after the 2013 year will not occur.

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March 04, 2017, 01:38:11 AM
 #233

There is also some good press concerning Bitcoin since the price for 1 Bitcoin has surpassed the price of one ounce of gold. That could be helping the price continue to rise.
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March 04, 2017, 01:42:42 AM
 #234

There is also some good press concerning Bitcoin since the price for 1 Bitcoin has surpassed the price of one ounce of gold. That could be helping the price continue to rise.

That helps Bitcoin to be on trend news for now. Many investors are watching Bitcoin progress now to see if it's time to buy more (a lot), to hold. And saying investors I mean not only the Bitcoin investors, but those who never bought the currency and may start buying now. And surely, with more investors and more adoption the price can increase more.

 
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March 04, 2017, 06:58:22 AM
 #235

very happy to see the price of bitcoin today, because kindness is so fast. Well, I always check your bitcoin prices, because it was so good to see it go up. it makes me become more enthusiastic in looking for bitcoin. who knows what makes prices like this, but, this is really a good thing.


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March 04, 2017, 07:08:06 AM
 #236

the price is increase so far although there is down price for a moment but if we take a look in trends, maybe the price will be increase more and if the ETF is approved then maybe there will be a big pumps and dumps that will happen in the market and i think it will make many buy order and sell orders, only people which have big budgets will be stay and make profits.

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March 04, 2017, 07:24:57 AM
 #237

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

i don't think so, by how fast the climb was when we reached the last bottom of $700 due to panic dumping caused from chinese, i can confidently sayign that $1000 is the new bottom

at worst you are loooking at $300 dump or less, it will recover as a fast after the EFT thing, and btw this increase is not all about EFT

you think that japan really care about EFT when they are building their own exchange there? and japan is holding the highest volume now in bitcoin market...
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March 04, 2017, 01:33:20 PM
 #238

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

i don't think so, by how fast the climb was when we reached the last bottom of $700 due to panic dumping caused from chinese, i can confidently sayign that $1000 is the new bottom

at worst you are loooking at $300 dump or less, it will recover as a fast after the EFT thing, and btw this increase is not all about EFT

you think that japan really care about EFT when they are building their own exchange there? and japan is holding the highest volume now in bitcoin market...

I agree that the actual run is not just about an ETF getting approved or not. There are factors which play a role as well.
For instance the delayed halving effect! Don't underestimate that!
I also believe that the dump after a ETF decline will only be short termed. I know a lot of guys who try to anticipate that scenario and placed several orders in the $800-$900 range! So imo we will bounce back up to 1000 pretty quick.

In terms of Japan I believe all their exchanges are offering zero fee trading at the moment. Therefore their stats and data can not be really taken seriously at the moment.
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March 04, 2017, 03:32:09 PM
 #239

There is also some good press concerning Bitcoin since the price for 1 Bitcoin has surpassed the price of one ounce of gold. That could be helping the price continue to rise.
Yeah, talks have been going on in press and news portals about the price surpassing gold value. Based upon the move bitcoin is keep going faster and faster than the expected time period. Possibly this time the price seems to rise enormously depending on ETF.

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deisik
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March 04, 2017, 03:49:50 PM
 #240

The ETF could still bring Bitcoin down a lot though.  IMO people will expect it to be approved which will cause more of a big pump and loads of people buying Bitcoin, but if it's declined it could cause way less confidence in Bitcoin's future and that could totally mess up this surge of users recently.

i don't think so, by how fast the climb was when we reached the last bottom of $700 due to panic dumping caused from chinese, i can confidently sayign that $1000 is the new bottom

at worst you are loooking at $300 dump or less, it will recover as a fast after the EFT thing, and btw this increase is not all about EFT

you think that japan really care about EFT when they are building their own exchange there? and japan is holding the highest volume now in bitcoin market...

I agree that the actual run is not just about an ETF getting approved or not. There are factors which play a role as well.
For instance the delayed halving effect! Don't underestimate that!
I also believe that the dump after a ETF decline will only be short termed. I know a lot of guys who try to anticipate that scenario and placed several orders in the $800-$900 range! So imo we will bounce back up to 1000 pretty quick

As to me, we can't know that for certain

Indeed, the effect of the halving has certainly contributed greatly to current price rise, but we also should keep in mind that prices started to rise long before the actual event. Basically, any equation has two sides, and in this equation one side is supply and the other demand. Supply may have diminished, but these prices might still be mostly due to demand expansion rather than supply squeeze. If so, this demand may turn at some point into supply when folks start fixing profits and then we should go down to a level determined by real supply contraction caused by the July halving

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