Bitcoin price just hit $265

[BitcoinXio]

So, yeah it's fun just to praise the price from time to time! We just hit $265!

[knight22]

And now 270. Fake pump?

[bitkilo]

And now 270. Fake pump?

Hard to tell what's driving this run at the moment.
Coincident that Gemini just opened for business?

[medicine]

I always assume it's speculation. The news seems to be perpetually positive with a few negative stories that get 5 times the attention giving them 5x the effect on speculation (the price).
Every few months a very positive development comes along that causes one or two big purchases and a small price bump, say Gemini and $5-10 (up to $250). This triggers all the speculators and bots to jump on the bandwagon pushing the price up a further 5 bucks ($255), then the slower greedy buyers come in and try to latch on to the price rise which has already moved up $15 and their added buys push it up again ($265). Finally the slowest speculators jump aboard at the tail end of the price rise and the good news fades away. The quickest speculators start bailing out creating a small plateau ($270) followed by a very quick drop back just below $240 and then it levels off again for another few months.

The effects are 10-20% good news and 80-90% speculation.

Every assumption I made there has a %50 chance of being right, I made 5 or 6 assumptions which makes the chances of me being right around 3%.
Peace

[piebeyb]

just think a little bit about the analysis of the possibility of the end of 2015 the price of bitcoin will go at the highest price

[knight22]

Looks like the price is holding. We might see 300 again by the end of this month.

[LiteCoinGuy]

priced moved to 275 USD today. i guess the positive EU VAT ruling caused that.

[BitcoinXio]

priced moved to 275 USD today. i guess the positive EU VAT ruling caused that.

Yeah, not sure exactly on what drove the price to $260 range (China, Gemini, both, or something else), but it seems the EU news today certainly has given it a boost today to $275!

[bitkilo]

The price is hovering around $279 on https://bitcoinwisdom.com/markets/bitstamp/btcusd

The future is looking better each day this week, just wish i had a fee spare dollars so i could buy in and put it aside on a paper wallet.

[rendravolt]

This week I think can only go up or down, if it goes up probably around $286 and if it remains down around $265 bitfinex.

[helloworld]

Wake me up when it approaches the last ath.

[BitcoinXio]

Wake me up when it approaches the last ath.

I think you may be sleeping for a while

[medicine]

I always assume it's speculation. The news seems to be perpetually positive with a few negative stories that get 5 times the attention giving them 5x the effect on speculation (the price).
Every few months a very positive development comes along that causes one or two big purchases and a small price bump, say Gemini and $5-10 (up to $250). This triggers all the speculators and bots to jump on the bandwagon pushing the price up a further 5 bucks ($255), then the slower greedy buyers come in and try to latch on to the price rise which has already moved up $15 and their added buys push it up again ($265). Finally the slowest speculators jump aboard at the tail end of the price rise and the good news fades away. The quickest speculators start bailing out creating a small plateau ($270) followed by a very quick drop back just below $240 and then it levels off again for another few months.

The effects are 10-20% good news and 80-90% speculation.

Every assumption I made there has a %50 chance of being right, I made 5 or 6 assumptions which makes the chances of me being right around 3%.
Peace

Boy does this comment look dumb now. I did say however that the chances of me being correct were around 3%. Good thing I don't follow my own advice! Hodl!

[dsattler]

The bitcoin price reached $300 / 280€ today!

[rogerver]

Looking at charts like this, I can't help but begin to think that we are in the beginning of the next giant Bitcoin price run up.
At what price do people think this run will stop?

[ChristopherZechendorf]

I guess that depends. If the increase is high enough at one point to gain mainstream media attention it might jump quite a bit.

This might already be the run up in price factoring in the next block reward halving that will (IIRC) happen next year some time.

[piebeyb]

Buy, Hold and Profit

Step 1 :



Step 2



Step 3 profit

[BitcoinZAR]

What app are you using to check the price, that looks pretty cool

[medicine]

What app are you using to check the price, that looks pretty cool

That's not an app, that is the webiste bitcoinwisdom.

[nyeko_12]

$10k to (this might sound Overkill) $120k by End of 2016

[piebeyb]

just want to know what your opinion on the speculation that I made, there may be a wish to see this


November 2013 - 2015 bitcoin charts awesome
speculation/november-2013-2015-bitcoin- ... t2118.html

[LiteCoinGuy]

https://twitter.com/barrysilbert/status ... 4357865472