Author Topic: Current Bitcoin Price Rally  (Read 4098 times)

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Travis Patron

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Current Bitcoin Price Rally
« on: November 02, 2015, 03:19:50 PM »
Ladies & gentleman, start your engines because bitcoin may be on the cusp of another rapid price climb.

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Historically, November has been an explosive month for the bitcoin price. In 2013, the price of bitcoin rallied to highs of over $1200 amid positive rulings in the USA on the potential for financial applications to be built using bitcoin technology.

Bitcoin could be in the early stages of a similar price rally to what transpired over the course of late 2013. This time, the exchange infrastructure is at a level where large investment is active in the space.

BULLISH BITCOIN PRICE INDICATORS

  • European Union Court of Justice Rules Bitcoin Transactions VAT Exempt – By removing value-added taxation, bitcoin can flow freely between other currencies and is not subject to sales tax when transferred. With this ruling, many of the top bitcoin businesses in Europe are breathing a sigh of relief.
  • Gemini Bitcoin Exchange Targeting Institutional Players – “… we are going after a very large market that is to date completely underserved or not even in Bitcoin at all”, Cameron Winklevoss said about the launch, “I think it’s a good thing that there are multiple efforts trying to build bitcoin infrastructure (including Coinbase) so that we can get this thing to the moon.”
  • Chinese Driven Surge – China recently capped overseas cash withdrawals, signaling a tightening grip on capital controls and an increase in bitcoin buying pressure from Chinese exchanges

How high could bitcoin go this time?
« Last Edit: November 03, 2015, 03:18:57 PM by Travis Patron »

eBlob

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Re: Current Bitcoin Price Rally
« Reply #1 on: November 05, 2015, 06:07:42 PM »
Seems the price has calmed down the last couple days.

If some of the positive indicators coming out of the space are any indication though, it may trend upwards soon again though.

*fingers crossed

Vikapolyak

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Current Bitcoin Price
« Reply #2 on: June 13, 2016, 08:22:42 AM »
Maybe 700. That is top money. You cannot sell those magazines with it.
« Last Edit: June 21, 2016, 12:29:12 PM by Paleus »

Lerakroxa

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Current Bitcoin Price
« Reply #3 on: July 10, 2016, 10:23:12 AM »
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Yoshi Yoku

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Re: Current Bitcoin Price
« Reply #4 on: July 24, 2016, 01:08:53 AM »
Maybe 700. That is top money. You cannot sell those magazines with it.

Good prediction, This is basically the closest I've seen.

I think top money was ~$780 on most exchanges.