Price climbing fast again

[cryp24x]

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

Indeed it was not fast like last January, though it is a surprice that after breaking the $950 wall, it breaks  $970 wall almost touching $980, a $20 in a day after a several day being almost idle.  Anyway, I still can't see any bull trap here LOL unless it touches $1100 tomorrow, just in case I will be cashing out at $990. 

[mtwelve]

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

Indeed it was not fast like last January, though it is a surprice that after breaking the $950 wall, it breaks  $970 wall almost touching $980, a $20 in a day after a several day being almost idle.  Anyway, I still can't see any bull trap here LOL unless it touches $1100 tomorrow, just in case I will be cashing out at $990. 

Last time I checked, there was like a 13k short on Bitfinex, so I cashed out a little bit. I might cash out a little bit more, but right now I'm playing by ear.

[Herbert2020]

This climb isn't fast in comparison to what I'm used too, but maybe that is because I'm watching the charts more. But honestly Bitcoin breaking $1,000 is really possible in a month. The fact it has held its ground at these prices aside from the China scare is very promising. I do wish the Segwit/Scaling thing was resolved, as I feel that is where a lot of uncertainty lies. Get Segwit [or any scaling solution!] and we will see the market choose a direction.

Indeed it was not fast like last January, though it is a surprice that after breaking the $950 wall, it breaks  $970 wall almost touching $980, a $20 in a day after a several day being almost idle.  Anyway, I still can't see any bull trap here LOL unless it touches $1100 tomorrow, just in case I will be cashing out at $990. 

there wasn't much of a wall to begin with.
and also you are forgetting the fact that when price rises like this (or technically when it drops too) these walls are mostly removed.
for example when price was stable, and you bought at $910 you place a sell order on higher price creating a wall or contributing to one, but after you see rise you may remove that order and make other decisions to wait and sell higher.

also when rises happen, many other traders and FOMOs join in breaking any kind of wall so fast (as in the initial sudden jump that you can see on the charts)

[Hazir]

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.
3. After banning high denomination banknotes India is seeking how to generate higher tax revenue - further fiat restrictions imminent = price of Bitcoin soaring in India.

[SmartIphone]

We went like 15 dollars up in very short time. Looks like the days of the chinese dumps are over. Now everyone dumping coins is risking getting out of the game on this very stable 900-high 800$ floor, and in bitcoin the rocket can stat functioning at any given and if you are in the wrong side you'll miss all the fun.

One of the factors is the Chinese exchanges that have added the exchange fees there and I like this stage of bitcoin price.
The recent increase of bitcoin makes me feel good because I was worried if bitcoin price is going fall down to $400 like before.

[deisik]

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.

Where did you get this?

That Russian (authorities) are really considering to "promote use of cryptocurrency to help their unbanked citizens"? As I've explained in another thread, this is very unlikely since the Russian government is in fact considering Bitcoin and other cryptocurrencies as sort of pyramid scheme (per Putin's own words) and endorsing them would amount to endorsing such a scheme. Plenty of Russians lost their money in the MMM financial pyramid and its likes in the 90's (there were quite a few such schemes back then), so it is next to impossible (that Russian government would be promoting cryptocurrencies)

[talkbitcoin]

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.
3. After banning high denomination banknotes India is seeking how to generate higher tax revenue - further fiat restrictions imminent = price of Bitcoin soaring in India.

1. Chinese traders never had any trouble with PBOC or the fact that they were investigating their exchange, it was the FUD that caused the drop.
2. this sounds mostly like news about banks and blockchain (not bitcoin).
3. India didn't have much effect back in the first time, i don't see them having much effect this time either.

i say the reason is simple, the price is rising due to increasing demand. this demand comes from all of the above reasons too but in trading there are down times where they use FUD to push it further down, and then there is an accumulation phase and then a rise. all three periods happened here.

[carlisle1]

I didn't notice any change in the price for bitcoin really. Maybe it's cause of the price is changing so fast that I didn't see a move. If to talk about bitcoin's price I expect to see some drop in next few days cause of Chinese New Year. Maybe I'm wrong, but we will find out this very soon.

lol . same here, actually i am not being updated with the bitcoin price these past few days so I too didn't noticed any changes to its price but the changes that I noticed recently is that the price remains a bit stable and it appears to be increasing like a bit as well . Chinese new year has passed but I don't see any drops to the bitcoin price yet it is only going up .

[Hazir]

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.

Where did you get this?

That Russian (authorities) are really considering to "promote use of cryptocurrency to help their unbanked citizens"? As I've explained in another thread, this is very unlikely since the Russian government is in fact considering Bitcoin and other cryptocurrencies as sort of pyramid scheme (per Putin's own words) and endorsing them would amount to endorsing such a scheme. Plenty of Russians lost their money in the MMM financial pyramid and its likes in the 90's (there were quite a few such schemes back then), so it is next to impossible (that Russian government would be promoting cryptocurrencies)

I didn't specify that, by their unbanked citizens I meant people from Crimea. As I read this article on possible shift of attitude towards cryptocurrency might happen.
Here is that article which I am talking about: https://cointelegraph.com/news/russia-considers-allowing-use-of-cryptocurrency-in-the-unbanked-region-of-crimea
Is is not accurate? Feel free to comment it, you have better understanding of what is going on in Russia from the first hand.

[deisik]

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.

Where did you get this?

That Russian (authorities) are really considering to "promote use of cryptocurrency to help their unbanked citizens"? As I've explained in another thread, this is very unlikely since the Russian government is in fact considering Bitcoin and other cryptocurrencies as sort of pyramid scheme (per Putin's own words) and endorsing them would amount to endorsing such a scheme. Plenty of Russians lost their money in the MMM financial pyramid and its likes in the 90's (there were quite a few such schemes back then), so it is next to impossible (that Russian government would be promoting cryptocurrencies)

I didn't specify that, by their unbanked citizens I meant people from Crimea. As I read this article on possible shift of attitude towards cryptocurrency might happen.
Here is that article which I am talking about: https://cointelegraph.com/news/russia-considers-allowing-use-of-cryptocurrency-in-the-unbanked-region-of-crimea
Is is not accurate? Feel free to comment it, you have better understanding of what is going on in Russia from the first hand

Some dude (so-called Internet ombudsman, basically nobody) has suggested to use Bitcoin by the residents of Crimea. What he actually means boils down to opening Bitcoin exchanges there. I don't think that can possibly count as "Russia considers allowing use of cryptocurrency", even if it is only about using it "in the unbanked region of Crimea". Further, if we could ever interpret that in such a way, why should Bitcoin be allowed only in Crimea? As to me, it makes no sense to allow it only in one region since Bitcoin use can't be possibly limited to just a certain region by its very nature (it is not like weed being allowed in California and prohibited in Idaho)

The most important part of the article is this:

At the moment the status of digital currencies is not defined in Russian legislation

Anything else is essentially idle talk

[Dakustaking76]

Like i said before we are going up up And up again


Happy new year for btc holders

[xIIImaL]

Like i said before we are going up up And up again


Happy new year for btc holders

Lol, now you can wish for Valentine's day. I see price use to increase on Christmas time and mid of April. This year its completely different and price is increasing in February time.

[pooya87]

Like i said before we are going up up And up again


Happy new year for btc holders

Lol, now you can wish for Valentine's day. I see price use to increase on Christmas time and mid of April. This year its completely different and price is increasing in February time.

different months of the year has never known to be effecting bitcoin price in any logical way. since bitcoin is decentralized and global, when one country is celebrating new year, others are still mid year. and any effect have always been fake and psychological.

[cryoser]

In case you are wondering why price of bitcoin is increasing, here are some possible factors:

1. Chinese traders realized that PBOC intervention wasn't that bad and bitcoin is still the best asset to keep around during shifts of fiats markets, possible yuan devaluation and restrictions.
2. Russian is considering to promote use of cryptocurrency to help their unbanked citizens.

Where did you get this?

That Russian (authorities) are really considering to "promote use of cryptocurrency to help their unbanked citizens"? As I've explained in another thread, this is very unlikely since the Russian government is in fact considering Bitcoin and other cryptocurrencies as sort of pyramid scheme (per Putin's own words) and endorsing them would amount to endorsing such a scheme. Plenty of Russians lost their money in the MMM financial pyramid and its likes in the 90's (there were quite a few such schemes back then), so it is next to impossible (that Russian government would be promoting cryptocurrencies)

I didn't specify that, by their unbanked citizens I meant people from Crimea. As I read this article on possible shift of attitude towards cryptocurrency might happen.
Here is that article which I am talking about: https://cointelegraph.com/news/russia-considers-allowing-use-of-cryptocurrency-in-the-unbanked-region-of-crimea
Is is not accurate? Feel free to comment it, you have better understanding of what is going on in Russia from the first hand

Some dude (so-called Internet ombudsman, basically nobody) has suggested to use Bitcoin by the residents of Crimea. What he actually means boils down to opening Bitcoin exchanges there. I don't think that can possibly count as "Russia considers allowing use of cryptocurrency", even if it is only about using it "in the unbanked region of Crimea". Further, if we could ever interpret that in such a way, why should Bitcoin be allowed only in Crimea? As to me, it makes no sense to allow it only in one region since Bitcoin use can't be possibly limited to just a certain region by its very nature (it is not like weed being allowed in California and prohibited in Idaho)

The most important part of the article is this:

At the moment the status of digital currencies is not defined in Russian legislation

Anything else is essentially idle talk

All is true...but it seems like Crimea will be a sandbox for Russian authorities to test out how bitcoin can be involved in economics of a standalone region before attempting to law enforcements on it.
 Plus to all this the one of the biggest banks Sberbank and especially its director Gref are lobbying for future use of bitcoin and blockchain tech in russian economy - so when the russian bear will wake up to eat his bitcoins i think it will push prices even higher high. IMHO

[deisik]

Some dude (so-called Internet ombudsman, basically nobody) has suggested to use Bitcoin by the residents of Crimea. What he actually means boils down to opening Bitcoin exchanges there. I don't think that can possibly count as "Russia considers allowing use of cryptocurrency", even if it is only about using it "in the unbanked region of Crimea". Further, if we could ever interpret that in such a way, why should Bitcoin be allowed only in Crimea? As to me, it makes no sense to allow it only in one region since Bitcoin use can't be possibly limited to just a certain region by its very nature (it is not like weed being allowed in California and prohibited in Idaho)

The most important part of the article is this:

At the moment the status of digital currencies is not defined in Russian legislation

Anything else is essentially idle talk

All is true...but it seems like Crimea will be a sandbox for Russian authorities to test out how bitcoin can be involved in economics of a standalone region before attempting to law enforcements on it.
 Plus to all this the one of the biggest banks Sberbank and especially its director Gref are lobbying for future use of bitcoin and blockchain tech in russian economy - so when the russian bear will wake up to eat his bitcoins i think it will push prices even higher high. IMHO

I know that Greff is pro-Bitcoin

It was totally hilarious to read about some officials from the Russian Ministry of Finance threatening Bitcoin users back then with severe criminal prosecution or even imprisonment for using and holding Bitcoin while the chairman of the largest Russian bank (and former minister at that) had been openly admitting that he had some bitcoins. If you ask me, I think the Russian government is going to distance themselves from Bitcoin as far and as long as ever possible (not speaking of endorsing it in any conceivable way). What if plenty of people pour their hard earned money into Bitcoin and then Bitcoin crashes heavily, who will be held responsible, German Greff?

[Tanic]

Today the price on Blockchain.com is 1010$. Looks like New Year again. How do you think is it worth to wait some more days to bitcoin grow even more or to cash out my money now to not skip that chance again?

[shapeshiftscam]

I'm not getting excited until we break the ATH. (Even then it'll most likely drop to the $1000 area soon after)

These small up and downs are normal.

It is highly likely to happen in the near future, the price was ceased to pump in last time because PBOC inspect Chinese big 3 exchanges, now they are well regulated and examined by PBOC leaders, PBOC should not do more inspections because everything is gonna well. They need more confidence on bitcoin because it is the real gem.

[hase0278]

I'm not getting excited until we break the ATH. (Even then it'll most likely drop to the $1000 area soon after)

These small up and downs are normal.

It is highly likely to happen in the near future, the price was ceased to pump in last time because PBOC inspect Chinese big 3 exchanges, now they are well regulated and examined by PBOC leaders, PBOC should not do more inspections because everything is gonna well. They need more confidence on bitcoin because it is the real gem.

Well PBOC will not get bitcoin to die since if chinese exits the market, it would just mean that there will be less population that controls bitcoin's price at their will unless PBOC will try to regulate bitcoin price by keeping it at a certain point. I really do agree though they should open their eyes to see that bitcoin is a real gem. If they will regulate bitcoin price later this week, I expect to se a price dump.

[Idrisu]

We went like 15 dollars up in very short time. Looks like the days of the chinese dumps are over. Now everyone dumping coins is risking getting out of the game on this very stable 900-high 800$ floor, and in bitcoin the rocket can stat functioning at any given and if you are in the wrong side you'll miss all the fun.

we expect the price to keep pumping up as the closure of margin/leverage trading cloud not affect it demands. A friend told me today that bitcoin is the future and I believe what he said. We hope bitcoin and others cryptocurrencies will keep on growing as this is good for the digital world we are living in. The elites has dominated the financial sectors for a very long time, but not bitcoin, because of it nature of decentralization.

[Carmen_Sandiego]

We went like 15 dollars up in very short time. Looks like the days of the chinese dumps are over. Now everyone dumping coins is risking getting out of the game on this very stable 900-high 800$ floor, and in bitcoin the rocket can stat functioning at any given and if you are in the wrong side you'll miss all the fun.

we expect the price to keep pumping up as the closure of margin/leverage trading cloud not affect it demands. A friend told me today that bitcoin is the future and I believe what he said. We hope bitcoin and others cryptocurrencies will keep on growing as this is good for the digital world we are living in. The elites has dominated the financial sectors for a very long time, but not bitcoin, because of it nature of decentralization.

I also think many people will benefit from this. It is possible to see great change in the lives of people living in third world countries, who have discovered the potential that exists in Bitcoin. If the involvement of those people increase over the next few years, we will see Bitcoin more present in those countries, and Bitcoin will have a greater participation in the world market.