$11k? Too fast or just hyped?

[Vannie12]

The returns of the prices are truly remarkable, given that recently banning on bitcoin trading in China. The adaptation were above my expectations wondering that what have been left by China traders where fastly devoured by new investors.
I'm not worried at all, corrections are seemingly fair. I am glad that bitcoin is starting to become widespread.

[zanezane]

In my opinion that these 11k were artificially made, for some purpose. After correction, bitcoin will drop about 7-8 thousand but it is not exactly. Just a small analysis based on graph

I think that $11k are also made by big whales as they pump hard the price recently and the people are gone crazy for that. Just proves that bitcoin can reach beyond what we imagine.

[btc-facebook]

This is just a new beginning of bitcoin uptrend. I can see more people getting interest on bitcoin as they are amaze on how bitcoin growth until this time
I can say that bitcoin will reach another highest record on 2018 so my suggestion, just keep purchase and hold btc as long as possible !

[naidray]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

I would not say I am worried and at the same time, I may just say it is getting interesting and more confusing by the day. A lot of us expected a correction to come at $10,000 and it did after touching $11,000.

Bitcoin has shown us all some pretty crazy surprising bull run and the slowing down with the recent little correction may be concerning as to understand where the bull is actually headed right now. As it is, we just have to keep looking where it is all going to be headed.

[DaMut]

it's not surprising to see it around that place for a moment,
they did it deliberately to make a confusion for traders,and they're successfully did that,right?
many people do not what should they do and most of them felt afraid of it.
there're a lot of thread opened about that move and asked about it,something like this :
it's a healthy move ? it's a bubble ? will it burst right now ?
the whales always break the pattern to maximize the profit,so it's not about too fast or hype,
but instead it's total manipulation,
for Q1 i heard a rumour that there'll be another listing in some place for Bitcoin.
so we may be can see another movement until we find out about the truth about that rumour.
holding it right now is not a bad idea in my opinion because Bitcoin still has a lot of room to grow and potential await it in the future.

[oegarod]

Bitcoin price has grown gradually and if that's a hyped growth surely with the ongoing price drop it could have reached much low in value. Now the scenario is same as that happens every time after a drop. It has begun to grow retaining the value from which started it to drop low.

[m1c0]

I was also sure that price will drop by 40-50% again to 5-7k area after it hit $11.500 2 days ago but it seems it is unstoppable.
It's realy frightening to see that big rise and also media attention right now, everyone is fomo'ing.
Maaaaaaybe it needs a big correction again because it is definitely rising too fast right now. We would see 100-200k in 1 year if that uptrend continues :O

[Silberman]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

No I'm not worried, it was too fast and then there was a correction but that was to be expected now the price is once again close to 11000 dollars and I think it is very likely we get a price even higher than that at the end of the year taking into consideration all the factors that are currently affecting the price of bitcoin since we know the price of bitcoin most of the time has a tendency to go up in December.

[bitcoin_lover_1234]

You can just check http://didthebitcoinbubbleburstyet.com/ and see if it's over or not  

[ivrynx]

The pattern that we saw is just normal, there was no hype, it was not that fast, this is what suppose to happen to any high volatile investment, you'll see the price shooting up at any time and going down as fast as it goes up, we should not be worry at all about bitcoin going up so fast, it is also not a hype, considering that we did see a gradual increase on the value, considering that bitcoin has no open or closing markets, it is one of its advantages, people can trade anytime around the world.

[micleeiu398]

I think that before Christmas people should sell their coins to make yourself and your family gifts. This should reduce the price of bitcoin. But bitcoin always denies any logical argument. Vozmozno this is because the price of bitcoin is controlled by the whales. They can easily manipulate large volumes of coins and this makes the price of bitcoin is unpredictable.

No i think the price can be increase more this coming december the movement of the price is just like last year and other year ago.. that the price is always increase every around november and december..
And i think it can be happen again this following month.. maybe this january we will see the price will decrease but i think it can be decrease until 9k it can be stay  long in this price and increase back again in march of 2018..  This is base in what movement of the price year ago..

My view is not to hold more because selling is best now because maybe it will be like excess of hold and it lead to another waiting time of many weeks so I am going to sell my coin because I don’t think so that many of people will keep calm and see the prices going up they will surely cash out and if this trend get started prices will come down a bit and take time to go back so sell and earn profit and wait for next dump.

[alyssa85]

The returns of the prices are truly remarkable, given that recently banning on bitcoin trading in China. The adaptation were above my expectations wondering that what have been left by China traders where fastly devoured by new investors.
I'm not worried at all, corrections are seemingly fair. I am glad that bitcoin is starting to become widespread.

Some of the Chinese trading was fake. I also think that the Chinese are still buying, but just in person instead. See the following article:

https://www.ft.com/content/d576e4e4-c374-11e7-a1d2-6786f39ef675

Chinese investors are still trading bitcoin and buying initial coin offerings, suggesting authorities in Beijing are struggling to clamp down on cryptocurrencies just weeks after announcing that public exchanges would be shut down.

Observers feared the closure of Chinese exchanges would lead to a sharp drop in demand for bitcoin, given China has been a key source of demand. Instead, more of the buying and selling of cryptocurrencies has gravitated towards the private over-the-counter market.

“The situation with China’s exchanges has pushed more of its trading over the counter, where there is a fairly robust and liquid market,” said John Riggins, head of Asia operations for BTC Media, a fintech information platform.

Chinese investors are also using mobile messaging platforms to connect, negotiating bilateral trades without the help of an exchange. Many OTC bitcoin transactions originally used WeChat, Tencent’s ubiquitous mobile messaging. However, concern about surveillance has driven many traders to Telegram, an encrypted platform that boasts greater security.

[expert4knowledge]

I was hoping the BTC would die, now all my alts are struggling, this is not ideal

[thecodebear]

I think that before Christmas people should sell their coins to make yourself and your family gifts. This should reduce the price of bitcoin. But bitcoin always denies any logical argument. Vozmozno this is because the price of bitcoin is controlled by the whales. They can easily manipulate large volumes of coins and this makes the price of bitcoin is unpredictable.

No i think the price can be increase more this coming december the movement of the price is just like last year and other year ago.. that the price is always increase every around november and december..
And i think it can be happen again this following month.. maybe this january we will see the price will decrease but i think it can be decrease until 9k it can be stay  long in this price and increase back again in march of 2018..  This is base in what movement of the price year ago..

My view is not to hold more because selling is best now because maybe it will be like excess of hold and it lead to another waiting time of many weeks so I am going to sell my coin because I don’t think so that many of people will keep calm and see the prices going up they will surely cash out and if this trend get started prices will come down a bit and take time to go back so sell and earn profit and wait for next dump.

You're gonna lose money if you sell now. Correction is already over and the price is moving up again, will probably hit new ATH's this weekend. Selling in the last thing anyone should be doing right now.

[Kemarit]

I doubt that it is a hype specially hearing that the CME bitcoin futures contracts has been finalized in Dec 18 this year. I told in another thread that another theory I think why the price keeps on going up is the result of the Venezuelan crisis. The demand by the Venezuela's is going up because they used bitcoin as hedge against their economic woes they are facing right now. You can even check that the price of bitcoin in Venezuela is premium, higher than Western and Asian trading platforms. Now we have reached $11,000 once again and I think it will not go down very soon. Investors are still very bullish with the CME news and there's one coming Q2 next year, Nasdaq bitcoin futures as well. In my opinion, its no longer hype topping $11,000 and its gonna be here to stay and we can sustain it for longer period of time.

[Gotottack]

The $11,000 mark is neither too fast nor just hyped. You can see a trend, and you can definitely rely on it. Upon checking my data, I have seen remarkable trends that are worthy of consideration. Say, it reaches $11,000, then it drops to $9,500, then it goes mainstream between $9,500 to $10,500, then climbs again to $11,000 or more. You can see it never really buckles down with such huge disparity. Hence, it is neither too fast nor just hyped.

[stellgod]

I was also sure that price will drop by 40-50% again to 5-7k area after it hit $11.500 2 days ago but it seems it is unstoppable.
It's realy frightening to see that big rise and also media attention right now, everyone is fomo'ing.
Maaaaaaybe it needs a big correction again because it is definitely rising too fast right now. We would see 100-200k in 1 year if that uptrend continues :O

No it is right on time and I think if bitcoin was given a proper chance to circulate now scenario must be changes prices must be high at this time but due to lack of advertisement his point came slowly but now talking about future bitcoin has to clear new milestones and next one is 15k and I think this will be achieved in the end of December as start of December is good and I wish end will be more awesome than start.

[X-ray]

I think that before Christmas people should sell their coins to make yourself and your family gifts. This should reduce the price of bitcoin. But bitcoin always denies any logical argument. Vozmozno this is because the price of bitcoin is controlled by the whales. They can easily manipulate large volumes of coins and this makes the price of bitcoin is unpredictable.

No i think the price can be increase more this coming december the movement of the price is just like last year and other year ago.. that the price is always increase every around november and december..
And i think it can be happen again this following month.. maybe this january we will see the price will decrease but i think it can be decrease until 9k it can be stay  long in this price and increase back again in march of 2018..  This is base in what movement of the price year ago..

My view is not to hold more because selling is best now because maybe it will be like excess of hold and it lead to another waiting time of many weeks so I am going to sell my coin because I don’t think so that many of people will keep calm and see the prices going up they will surely cash out and if this trend get started prices will come down a bit and take time to go back so sell and earn profit and wait for next dump.

You're gonna lose money if you sell now. Correction is already over and the price is moving up again, will probably hit new ATH's this weekend. Selling in the last thing anyone should be doing right now.

There is no reason to sell our bitcoin. it seems the signal to push the price of the bitcoin into another all time high soon. But the latest all time high already reached @11850 and this time looks the correction already happened. I just try to speculate about another bullish after this little correction. Bitcoin can get the more demand and that can make the price of bitcoin increase a lot.
The next it will be the hype caused by the futures contract.

[Silberman]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

I would not say I am worried and at the same time, I may just say it is getting interesting and more confusing by the day. A lot of us expected a correction to come at $10,000 and it did after touching $11,000.

Bitcoin has shown us all some pretty crazy surprising bull run and the slowing down with the recent little correction may be concerning as to understand where the bull is actually headed right now. As it is, we just have to keep looking where it is all going to be headed.

I also thought that we will see a correction at 10000 and  that did not happen it seems the rise in price is a lot stronger than I thought, since we need to take into account that probably many people sold at that price and that many others like us thought there was going to be a correction and did not invest in bitcoin anymore and yet it reached 11k and now we are close to 12k.

[jjacob]

Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.

I would not say I am worried and at the same time, I may just say it is getting interesting and more confusing by the day. A lot of us expected a correction to come at $10,000 and it did after touching $11,000.

Bitcoin has shown us all some pretty crazy surprising bull run and the slowing down with the recent little correction may be concerning as to understand where the bull is actually headed right now. As it is, we just have to keep looking where it is all going to be headed.

I also thought that we will see a correction at 10000 and  that did not happen it seems the rise in price is a lot stronger than I thought, since we need to take into account that probably many people sold at that price and that many others like us thought there was going to be a correction and did not invest in bitcoin anymore and yet it reached 11k and now we are close to 12k.

We crossed $12,000 during the day. You might have missed it.
Why are people waiting for a correction? To buy more? I think in the long run, it doesn't really matter when you bought.
Just buckle down, get invested and wait out the short-term volatility.