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Author Topic: [2017-05-04] Bitcoin Price Goes Full Throttle Blasting Past $1500  (Read 7351 times)
TwoTimes
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May 04, 2017, 12:24:42 PM
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Over the past week, the market value of bitcoin has been on a tear. On May 3rd the price per BTC hit another record high of US$1518 on Bitstamp and even higher across other global exchanges.

Many bitcoiners have been celebrating the spring months of April and May, as the past few weeks has seen all-time price highs for bitcoin. Cryptocurrency proponents were quite pleased when BTC’s fiat value rose above the $1400 mark and were subsequently surprised when $1500 came quickly after. At press time the price per BTC had reached $1547 after dipping into the $1490s several times.

Read More Here >>> https://news.bitcoin.com/bitcoin-price-goes-full-throttle-blasting-past-1500/
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May 04, 2017, 01:04:32 PM
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And now all the investors will be waiting for the next targer... 2000, 3000, 4000 and so on  Grin

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May 04, 2017, 03:28:49 PM
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I'm surprised.  I thought it would drop down again to ~$1100 somewhere between 1300 and 1400, but I guess I was wrong.

The market is still extremely dangerous right now.  Half the exchanges are screwed and the price variation is off the charts.  Who knows where Bitfinex, USDT, scaling and pretty much anything else could take the price.  Very surprising to see a market benefiting from uncertainty.

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May 04, 2017, 03:40:12 PM
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I'm surprised.  I thought it would drop down again to ~$1100 somewhere between 1300 and 1400, but I guess I was wrong.

The market is still extremely dangerous right now.  Half the exchanges are screwed and the price variation is off the charts.  Who knows where Bitfinex, USDT, scaling and pretty much anything else could take the price.  Very surprising to see a market benefiting from uncertainty.

I also speculate that around $1550, we will see a massive dump. But I could be wrong. This is not a bubble guys, either Japan or the Bitfinex withdrawal issue is really pushing bitcoin price to this unchartered territory. The next question, is this sustainable? I hope so. Because we all know that just 1 negative news will cause the price to go down and crash. Oh I also forgot the ETF review, maybe those investors are putting money as well to the already pumping bitcoin ecosystem. Well, we just have to wait and see what happen in the next month or so.

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May 04, 2017, 04:35:00 PM
 #5

Since I have been in Bitcoin, I have not seen this kind of "climb" and sustained high price for days on end... It has been "small" bubbles and then

it went down to prices just below the price where it stagnated for a while... or should I rather say... averaged.  Roll Eyes This is something special and

a sign that mass adoption is happening somewhere... So my guess is... sustained increase in the price for a while and extreme volatility. {smaller

spikes more frequently }  Wink

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SvenBomvolen
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May 05, 2017, 03:12:12 PM
 #6

And now all the investors will be waiting for the next targer... 2000, 3000, 4000 and so on  Grin
That's normally that investors are waiting to the price continue to rise. In other case there is no sense for investment.
The price is close to the new record now and I expect to see 1600$ per 1 BTC very soon Grin

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