Quote from: john2231 on June 12, 2016, 09:27:42 AM

Quote from: Jmild1 on June 12, 2016, 09:20:34 AM

Quote from: pleaseexplainagain on June 12, 2016, 08:11:06 AM

Quote from: RoseMann on June 12, 2016, 07:56:10 AM

I think the Chinese are making the bitcoin price. The price rose a lot today and it started in China again.

i think the FOMO is making the price. it is currently at $631. back on May 26 - just a few days ago - it was $450 ie up 40% . When it goes up at that sort of rate it is because the whales have got the ball rolling and now everyone else feels the need to rush in. the willy bot got the ball rolling back in the mt gox days but it was the FOMO that took it to $1000.

Yeah, the halving event hype make people think that they can profit if they will do a huge amount of panic buy before event. But this might just be a bubble too because many people is thinking of selling what they bought after halving, so it will dump the coin's value.

Its really help if they are huge buying bitcoins right now and we will see the price will increase bitcoin right now is indemand thats why the price is increase even block halving is too far.. but some people are satisfied what prices today and selling some of their bitcoin so that they can still make few profit.. and the bitcoin price will reduce. did you notice the price today its reduce a little bit i think few usd but more people are still believe and buying thats why the price today is increase again..
This is always depends of supply and demand. if we all people are not selling their bitcoin and buying bitcoin just holding it.. we don't not see price increase it will stable or instead it will reduce because of the miners increase the amount of bitcoin all whole world..

I just want the slow buying of the bitcoin. I just need the price to rise 10% a month. If it is too high, it will drop.