Let's see if the guys on mind altering substances know better than those glorified chart reading monkeys. Give me your analysis on what is driving the price increase and where it is going. Go! Bitch.
Fuck BitcoinMarkets, I want your drugged up opinion on where the bitcoin price is heading!
Let's see if the guys on mind altering substances know better than those glorified chart reading monkeys. Give me your analysis on what is driving the price increase and where it is going. Go! Bitch.
[3 Points] sayyywhuuut:
[2 Points] jacklovespack:
It's gunna go up steadily until the next market fuck up, then it'll be down for a bit and then go back up.
[1 Points] cryptocreepo:
I'd guess because the Chinese government stopped the ban on cyber-currencies.
There were a lot of people who sold their stocks in China and now they can by bitcoin. The sudden surge in exchange cause the value to go up.
The previous dip was probably caused by the news of the bitcoin fork (bitcoinXT).
Currency markets always follow trends. A smart investor buys when the price drops and sells when it surges.
Or just buy it as you need it for purchasing.
[1 Points] boobby1250:
Buy buy buy!
[1 Points] Clix828:
[deleted]
[1 Points] islandMarket:
Price is depicted by demand. We all buy drugs here and BitCoin has alot of detention. Thats the main reason for the price. Without the demand BTC is worthless. New markets and places accepting as well as more security like multisignature will keep driving the price. I dont believe we will every hit over 1k again, but then again could very well be wrong.
[1 Points] jakemakeiwimdh2:
This is one of the main reasons why it has gone up recently, BTC is a tiny market it only takes $100k to move it wherever you want.
Other than that its your run of the mill whale pump and dump, expect $230 in a couple of weeks.
[1 Points] Sysol:
It will not move by much until mid 2016, after halving of the block reward it will rise because it's inherent inflation is then much lower.
Short term, I predict slight but constant increases because of good news and increasing adaption of bitcoin.
[1 Points] Idonu:
Maybe max out on 340 and then crash down to another god knows what number in the mid 200s.
[1 Points] DNMthrowaway__:
Well if it's anything like me, it's coming down like a bitch.
Up and then down and then up again and then down some...