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Author Topic: Bitcoin surges above $1,500 - CNBC POST  (Read 1559 times)
Qunenin
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May 07, 2017, 04:46:24 PM
 #21

  • Gold futures traded more than 1 percent lower to near $1,232 an ounce and haven't been above $1,500 for about four years.
  • Speculation of a bitcoin ETF in the U.S. and increased interest from Japanese investors also supported bitcoin prices.



this now in bitfinex bitcoin price reach over 1600 dollar
i think end year bitcoin price can reach 2000 dollar/bitcoin

Surely and slowly we shall be moving in upward direction in terms of bitcoin price. Whatever reason you may call it, like China , Japan adaption or more usage in india etc but the real reason behind this price movement is the Interest and usage of people in bitcoin and its great demand has made bitcoin the top most currency in the world.

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Wind_FURY
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May 08, 2017, 02:38:34 AM
 #22

That post is funny. You seem so assured that your "analysis" is a sure thing just because you studied some trading books and won a few trades in a bull run. Making money is very easy in trading when everything is goimg up.

Quote
ETH kinda belongs into the Altcoin section. And I changed my mind on it. The technology frontier is over there.

But what is the use of ETH today that matters?

Mostly rumors like David Dierking's writing about a supposed Ethereum ETF reaching market earlier than any BTC ETF might make it, and names inside the Enterprise Ethereum Alliance like Microsoft, JPMorgan Chase, Intel, Accenture, UBS and Thomson Reuters.
Use case: speculative investment. Oh, and a new ATH

Yes and the new ICO market all done using Ethereum. It is all very speculative. We do not know if those multi-million ICOs will be a success because once they run out of money how can they do another series of funding rounds? But does that use case really matter? Bitcoin is already solving the ones that do.

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May 08, 2017, 05:44:29 AM
 #23

That post is funny. You seem so assured that your "analysis" is a sure thing just because you studied some trading books and won a few trades in a bull run. Making money is very easy in trading when everything is goimg up.

Quote
ETH kinda belongs into the Altcoin section. And I changed my mind on it. The technology frontier is over there.

But what is the use of ETH today that matters?

Mostly rumors like David Dierking's writing about a supposed Ethereum ETF reaching market earlier than any BTC ETF might make it, and names inside the Enterprise Ethereum Alliance like Microsoft, JPMorgan Chase, Intel, Accenture, UBS and Thomson Reuters.
Use case: speculative investment. Oh, and a new ATH

Yes and the new ICO market all done using Ethereum. It is all very speculative. We do not know if those multi-million ICOs will be a success because once they run out of money how can they do another series of funding rounds? But does that use case really matter? Bitcoin is already solving the ones that do.

eth ico's seem scammy to me. how much of eth's price is pure spec? 95%?
davis196
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May 08, 2017, 06:14:04 AM
 #24

  • Gold futures traded more than 1 percent lower to near $1,232 an ounce and haven't been above $1,500 for about four years.
  • Speculation of a bitcoin ETF in the U.S. and increased interest from Japanese investors also supported bitcoin prices.



The btc price was 1583 USD westerday.I`m really surprised about this.
This is sad for me,because i don`t have big amounts of btc to hold right now.
I was stupid and sold my btc for 1100 USD.
Siren
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May 08, 2017, 06:28:59 PM
 #25

  • Gold futures traded more than 1 percent lower to near $1,232 an ounce and haven't been above $1,500 for about four years.
  • Speculation of a bitcoin ETF in the U.S. and increased interest from Japanese investors also supported bitcoin prices.



The btc price was 1583 USD westerday.I`m really surprised about this.
This is sad for me,because i don`t have big amounts of btc to hold right now.
I was stupid and sold my btc for 1100 USD.

Don't be sad my friend. At least you learn your lesson. Its not to late you buy though, its still trading at $1586 at Kraken. But I saw the price rose up to $1600 a few hours ago. If you have some extra dough, they you can buy and hold it till it reaches like $2000 in the next couple of months.

Clement Kaliyar
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May 08, 2017, 07:54:04 PM
 #26

We needed this kind of media attention to gather more individual getting into bitcoin ecosystem. So that mass adoption will be gain not only bitcoin but other crypto currency as well.
Regarding the current price, I stop looking at price because I know that it will continue to increase as the day passes by.  Grin. As I said better, I initially thought that this is a bubble waiting to burst. But as I have learned, it doesn't look it is because the price is only rising slowly as compared to 2013 that the price rose very fast and crash so hard that someone predicted that bitcoin is already dead. Japan adopting bitcoin really makes the difference now and imagine if other like India and Russia following in the footsteps.
These kind of media attention is good for the publicity of bitcoin but we are not capable to adapt to millions of users and the situation is that we are still not come to a conclusion about segwit and even if we activate segwit the problem will arise in the future if we see more than sixty million transactions per day . Wink
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May 09, 2017, 12:17:44 PM
 #27

Mostly rumors like David Dierking's writing about a supposed Ethereum ETF reaching market earlier than any BTC ETF might make it, and names inside the Enterprise Ethereum Alliance like Microsoft, JPMorgan Chase, Intel, Accenture, UBS and Thomson Reuters.
Use case: speculative investment. Oh, and a new ATH
Yes and the new ICO market all done using Ethereum. It is all very speculative. We do not know if those multi-million ICOs will be a success because once they run out of money how can they do another series of funding rounds? But does that use case really matter? Bitcoin is already solving the ones that do.

Bitcoin is sufficient, but technology evolves. Naturally has to. Adapt, or perish.
You know there is a script language included in BTC, too? The differences are about turing completeness, which carries it's own dangers. Made me neglect ETH in the beginnings because of that. Nooo "turing" does not imply you get threatened by your very own governmental like Alan did got. That queen should be ashamed of herself. It's more about infinite loops or resources.
Evolution inside BTC is difficult, watching the segwit activation and scaling debate.
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May 14, 2017, 02:57:12 AM
 #28

it is always good that media is covering bitcoin in a positive manner. and that always helps with adoption and getting more people in. but at the same time it is a little bit scary in my opinion because any new person that comes in would be investing after the rise. and they will surely see the price drop AKA correction side of it and at first it may scare some away.

We needed this kind of media attention to gather more individual getting into bitcoin ecosystem. So that mass adoption will be gain not only bitcoin but other crypto currency as well.

Regarding the current price, I stop looking at price because I know that it will continue to increase as the day passes by.  Grin. As I said better, I initially thought that this is a bubble waiting to burst. But as I have learned, it doesn't look it is because the price is only rising slowly as compared to 2013 that the price rose very fast and crash so hard that someone predicted that bitcoin is already dead. Japan adopting bitcoin really makes the difference now and imagine if other like India and Russia following in the footsteps.
We must not get overconfident when it comes to the price, we need to be aware that the price can decrease at any moment and there is no point in losing money just because you are just being inattentive, especially if you have most of your money invested in bitcoin.

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May 15, 2017, 06:12:06 PM
 #29

We must not get overconfident when it comes to the price, we need to be aware that the price can decrease at any moment and there is no point in losing money just because you are just being inattentive, especially if you have most of your money invested in bitcoin.
This is not overconfident, bitcoin price have already got correction after that huge pump few days ago so i think we will see another bull run that can bring price to over 2000$ per bitcoin.

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