Bitcoin on its way to $1,300

[Wind_FURY]

I predict a climb.

You do? That is funny. I do too! What a coincidence.

Thanks to the people that panicked some of my buy orders were hit. Now many of them are stuck holding their fiat and waiting for Bitcoin to go back down. Sorry it might not happen in a while.

A very bad move of them! ETF isn't that a big deal and truly thanks for those people that thought the result has a very big impact.

And luckily the price is quite stable back to $1,200. $1,300 is on it's way let's just wait for sometime so that those people that did panic selling.

They don't have choice anymore but to buy bitcoin at higher price.

Yeah that is the sad part. What they should have done was get more buy orders ready. If you look at the all time chart of Bitcoin, it is on a kind of perpetual rise. So keep in mind that we have not seem the moon yet.

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[Rahar02]

FOMO?

Fear Of Missing Out

Proper and full definition: "Anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website."
It might be something to it. I believe that bitcoin crowd realized that there is nothing really going in the way of BTC.
ETF decline, PBoC constant monitoring of Chinese exchanges and potential of fruther restrictions - all that didn't make bitcoin crash.
10% price drop? It's nothing. We will have $1250 in a week or two. $2000 in 2017 is not that impossible as I thought initially.

Bitcoin has proven those problems cannot pull it dropped back so far and hold out above $1100. Moreover, bitcoin recover quickly and in a short time, faster than what people expected, who wants to buy cheaper bitcoin. However, I don't think bitcoin could grow more than this level until block size limit problem which this rift between community be solved.

[danherbias07]

Is it really the ETF thing that made it fall down for a while? I dont think it is. It is just a normal dump and pump again.
Why are people so scared with that ETF thing? Is it lack of information about funds?
Plus it will not really affect much with bitcoin. Who will join to invest after it is accepted? Small farmers with not a lot of money and other people who got a little to invest their money. I dont discriminate but that is the truth to what will happen after that.

Lol are you insane? Of course it was the ETF. It literally dumped all the way down to around $950 pretty much instantly when the news were released. This was totally timed controlled demolition, the good news is, fear didn't reign for long, it got sold and bought in back so quick, no we are stronger than before the ETF.

Am I insane? NO.
You have proof that it is really because of the ETF? As far as I know this kind of wave from bitcoin is only natural. We are too much focused on that thing that is why we are all thinking it is because of that. Are we forgetting to where we are invested? It is bitcoin and price jumping is normal in it.

[X-ray]

Looks like FOMO is kicked in. People expected bitcoin to crash harder after the SEC rejected the ETF, but the price recovered, it was stable for a while. People was with the finger on the trigger, waiting for further crashing, it didn't happen so people got desperate and FOMO kicked in.

One of my friends actually shorted bitcoin right after the ETF decision.

Everyone expected bitcoin to go down to sub $1k value. And it did. But only for like an hour or two, and then it went back up to $1100~ish. Nobody expected this at all, and it proves again that markets are unpredictable even by the expert analysts.

Bitcoin has received amazing community support over this period of time.

I can definitely see bitcoin going to $1,500 or even $2,000 before the year's end.

This situation might be triggered by the news of bitcoin unlimited overcome SegWit which lead to unlimited block size (if I do not misunderstand about it) even though we can not be sure when it could implement. However, we still expect this problem be solved as soon as possible before more merchants left bitcoin transaction.

Bitcoin Unlimited will kill bitcoin because BU doesn't work.

Segwit + LN is the only way to scale.

BU = disaster for the network, Jihan Wu becomes the ruler of everything. Core devs are the best devs on the planet, BU devs are a bunch of idiots that will fuck up and will make us lose our money.

BU will never get anywhere because it lacks merchant and node acceptance anyway.

What will make the bitcoin have another chain if the BU will become a winner in the block signalling? If it will happen in the future and the doomsday of bitcoin is real. It really sucks and I don't like it. Roger twat must get the fuck off from the bitcoin community.

[DRaGoN RaNTaRo]

yes im expecting that bitcoin price will crash suddenly because its on highest peak for today. theres a bigwhales to watch out theyre the reason out why bitcoin price is suddenly raising so fast and they also the reason why bitcoin price suddenly dropping because big whales have the most important part in bitcoin price chart.

If the price were to crash it would have crashed after the ETF was rejected and there was a momentary price drop but there was a good resistance and people were buying large amount of coins with every dip and so is the reason the price recovered and i do not think there will be a crash anytime as people will find another solace to keep the price pushing.

[talkbitcoin]

yes im expecting that bitcoin price will crash suddenly because its on highest peak for today. theres a bigwhales to watch out theyre the reason out why bitcoin price is suddenly raising so fast and they also the reason why bitcoin price suddenly dropping because big whales have the most important part in bitcoin price chart.

If the price were to crash it would have crashed after the ETF was rejected and there was a momentary price drop but there was a good resistance and people were buying large amount of coins with every dip and so is the reason the price recovered and i do not think there will be a crash anytime as people will find another solace to keep the price pushing.

at this point bitcoin price will only "crash" if bitcoin becomes useless, for example if internet goes out or if there were a weakness in the encryption bitcoin uses.
all the other things you see that people call "crash" are just corrections and sometimes such as the recent drop are dumps to create panic and get cheap coins.

in the end price is always rising...

[hase0278]

yes im expecting that bitcoin price will crash suddenly because its on highest peak for today. theres a bigwhales to watch out theyre the reason out why bitcoin price is suddenly raising so fast and they also the reason why bitcoin price suddenly dropping because big whales have the most important part in bitcoin price chart.

If the price were to crash it would have crashed after the ETF was rejected and there was a momentary price drop but there was a good resistance and people were buying large amount of coins with every dip and so is the reason the price recovered and i do not think there will be a crash anytime as people will find another solace to keep the price pushing.

at this point bitcoin price will only "crash" if bitcoin becomes useless, for example if internet goes out or if there were a weakness in the encryption bitcoin uses.
all the other things you see that people call "crash" are just corrections and sometimes such as the recent drop are dumps to create panic and get cheap coins.

in the end price is always rising...

I kinda agree with you but let us hope that you are right. having internet going out is really possible right now that the probability of world war 3 is there and having a weakness in the encryption bitcoin uses is really possible since all codes I think have weaknesses of their own, even the well coded ones. Let's just hope that those things wouldn't happen soon or later in the coming years so that we can make more profit out of bitcoin.

[Chin Cheng]

at this point bitcoin price will only "crash" if bitcoin becomes useless, for example if internet goes out or if there were a weakness in the encryption bitcoin uses.
all the other things you see that people call "crash" are just corrections and sometimes such as the recent drop are dumps to create panic and get cheap coins.
in the end price is always rising...

The encryption cannot be broken anytime soon so that theory is just a theory and not a practical one and if there is any weakness they can upgrade to a new version pretty soon and the only crash we might see is if there a major hack in any exchanges other than that it is fine .

[Barbut]

Bitcoin is on the way for much higher price, 1300 $ can be the first stop on that way. From comments I see that many people have very high expectations about the price, and that is with a good reason. Price is holding good, looks like bad news don`t have such big impact on price movement, bitcoin recovers pretty fast after every bad drop in past 6 - 12 months. But it`s not time to celebrate, there is many things that needs to be done, and price can go to 2000 $ this year if miners agree on some important questions.

[cracxme]

Bitcoin became very mature in past 1-2 years, and that because of more and more people are getting into it, that's why any negative news like that ETF thing didn't broke it's resistance and it's hovering above $1200 after massive 250$ dump , if same support continues for couple of days then it will surely cross the $1300 barrier.

[soul-impact]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

[1Referee]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

You have a weird way of looking at the market. If the ETF disapproval would have affected Bitcoin a lot as you say, then why do we stay far above $1200 as a boss? And what are Chese exchanges? Chinese? So what? The market has moved past Chinese exchanges as they barely have any sort of importance after the sanctions put in place by the PBOC. The west is leading, not China.

[Sundark]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

We don't need ETF to boost bitcoin prices or credibility. Bitcoin was doing fine without ETF for almost 8 years so far.
After ETF denial Bitcoin's price tumbled over $100, and then recovered fast to $1,250 levels where it was sitting before.
That was the only reaction we had, there won't be any long distance problems ahead due to ETF disapproval.

[TravelMug]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

We don't need ETF to boost bitcoin prices or credibility. Bitcoin was doing fine without ETF for almost 8 years so far.
After ETF denial Bitcoin's price tumbled over $100, and then recovered fast to $1,250 levels where it was sitting before.
That was the only reaction we had, there won't be any long distance problems ahead due to ETF disapproval.

Yes. This is so true. ETF or not, bitcoin will survived as proven. Maybe the ETF just put bitcoin in the focus of public attention and more and more investors are attractive to it and maybe pump bitcoin ecosystem a little right now so the price is looking great and we didn't expect it to crash as other FUD is saying. So definitely before or at the end of 2017 bitcoin will raise to $2000 level.

[SaShiRaJaVu]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

First thing you have to understand is that the price did not go down even when the ETF was rejected and that is indeed a surprise for some as most of the traders expected a slow correction but the prices just galloped after the rejection and you might not see a huge jump unless there is something out there that excites more investment in it.

[aardvark15]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

First thing you have to understand is that the price did not go down even when the ETF was rejected and that is indeed a surprise for some as most of the traders expected a slow correction but the prices just galloped after the rejection and you might not see a huge jump unless there is something out there that excites more investment in it.

I have to admit that I'm surprised that the Bitcoin price didn't drop lower immediately after the ETF was not approved. It is holding strong above $1200 right now and increasing a little. However, we shouldn't be surprised to still have some dips in price because that is just normal for Bitcoin.

[lionheart78]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

First thing you have to understand is that the price did not go down even when the ETF was rejected and that is indeed a surprise for some as most of the traders expected a slow correction but the prices just galloped after the rejection and you might not see a huge jump unless there is something out there that excites more investment in it.

I have to admit that I'm surprised that the Bitcoin price didn't drop lower immediately after the ETF was not approved. It is holding strong above $1200 right now and increasing a little. However, we shouldn't be surprised to still have some dips in price because that is just normal for Bitcoin.

The resistance of Bitcoin Price to go down is really amazing.  Many people expected and predicted that in an ETF rejection Bitcoin will go down definitely and FUD will make it worst.  But instead we have seen a stronger Bitcoin.  It took a dip but recovers sooner than lots of us expected.  After seeing this, there is no doubt Bitcoin can even surpass $1,300 just you wait and a lot more if scalability is fixed.

[batang_bitcoin]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

We don't need ETF to boost bitcoin prices or credibility. Bitcoin was doing fine without ETF for almost 8 years so far.
After ETF denial Bitcoin's price tumbled over $100, and then recovered fast to $1,250 levels where it was sitting before.
That was the only reaction we had, there won't be any long distance problems ahead due to ETF disapproval.

Yes. This is so true. ETF or not, bitcoin will survived as proven. Maybe the ETF just put bitcoin in the focus of public attention and more and more investors are attractive to it and maybe pump bitcoin ecosystem a little right now so the price is looking great and we didn't expect it to crash as other FUD is saying. So definitely before or at the end of 2017 bitcoin will raise to $2000 level.

I don't understand why people keep on talking about ETF and already gave the rejection of it. Man, without ETF bitcoin will remain bitcoin and as the best crypto currency. And those people that did take the advantage of this scenario got profit already, they sold bitcoin at higher price and when people get panicked, they bought at lower price and now back to normal and on it's way to the top.

[maydna]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

We don't need ETF to boost bitcoin prices or credibility. Bitcoin was doing fine without ETF for almost 8 years so far.
After ETF denial Bitcoin's price tumbled over $100, and then recovered fast to $1,250 levels where it was sitting before.
That was the only reaction we had, there won't be any long distance problems ahead due to ETF disapproval.

Yes. This is so true. ETF or not, bitcoin will survived as proven. Maybe the ETF just put bitcoin in the focus of public attention and more and more investors are attractive to it and maybe pump bitcoin ecosystem a little right now so the price is looking great and we didn't expect it to crash as other FUD is saying. So definitely before or at the end of 2017 bitcoin will raise to $2000 level.

I don't understand why people keep on talking about ETF and already gave the rejection of it. Man, without ETF bitcoin will remain bitcoin and as the best crypto currency. And those people that did take the advantage of this scenario got profit already, they sold bitcoin at higher price and when people get panicked, they bought at lower price and now back to normal and on it's way to the top.

i think ETF is first start for cryptocurrency especially for bitcoin to see the react from government, but government think that they are not approve ETF, bitcoin price is getting down to deep but its not, bitcoin still gain more power in bitcoin community but still it needs more time before we see bitcoin is approve in real life. i only wish, if bitcoin price is going down, the price is not down to far but who knows.  ETF itself is beginning but bitcoin have large opportunity to become one of the greatest investment in future and we see the price is move up and down too often and the other coins is following bitcoin.

[socks435]

Yeah bitcoin can reach $1300 but it is a long process since there are still many things against Bitcoin. ETF is not approved and it affects Bitcoin a lot and make the prices stop inceasing. Moreover, tomorrow, Chese exchange will be back and i can ensure that the prices will decrease sharply

We don't need ETF to boost bitcoin prices or credibility. Bitcoin was doing fine without ETF for almost 8 years so far.
After ETF denial Bitcoin's price tumbled over $100, and then recovered fast to $1,250 levels where it was sitting before.
That was the only reaction we had, there won't be any long distance problems ahead due to ETF disapproval.

Yes. This is so true. ETF or not, bitcoin will survived as proven. Maybe the ETF just put bitcoin in the focus of public attention and more and more investors are attractive to it and maybe pump bitcoin ecosystem a little right now so the price is looking great and we didn't expect it to crash as other FUD is saying. So definitely before or at the end of 2017 bitcoin will raise to $2000 level.

I don't understand why people keep on talking about ETF and already gave the rejection of it. Man, without ETF bitcoin will remain bitcoin and as the best crypto currency. And those people that did take the advantage of this scenario got profit already, they sold bitcoin at higher price and when people get panicked, they bought at lower price and now back to normal and on it's way to the top.

i think ETF is first start for cryptocurrency especially for bitcoin to see the react from government, but government think that they are not approve ETF, bitcoin price is getting down to deep but its not, bitcoin still gain more power in bitcoin community but still it needs more time before we see bitcoin is approve in real life. i only wish, if bitcoin price is going down, the price is not down to far but who knows.  ETF itself is beginning but bitcoin have large opportunity to become one of the greatest investment in future and we see the price is move up and down too often and the other coins is following bitcoin.

I think it can not affect a lot.. since we are already using it a lot and many site are actually accepting bitcoin as payment.. and many big company are also accepting like in steam..
And few countries that are accepting bitcoin locally brazil and paris or other countryies that accepted bitcoin locally..
If ETF was rejected well i think its not a problem we can be still use it..