May 14, 2017 10:16 UTC Bitcoin will be $1300 on Bitfinex.
i also hope that bitcoin price will be rise to 1300$ in the month of may and if we buy bitcoin in huge amount then easily we can gain a good profit in a month from bitcoin.
Panic is going through traders at Bitfinex as they are converting their fiat to BTC to withdraw them, which directly explains the price that has gone up there. In that regard, I wouldn't be surprised to see this result in the price to reach $1300, but it won't have much value since it's not happening naturally. It's pure fear that drives the price at Bitfinex - fear that Bitfinex is turning into another MtGox as the similarities are definitely there.
Agree. Reaching $1300 in that regards makesmy alarm bells ring!!
People have to keep an eye on finex to figure out what's going on there.
This is no attempt of FUD as I am extremely bullish for BTC in general. But this actual situation at finex should make us act very cautious.
It looks like the price of bitcoin is headed back up to $1300 again. We may need to buy as much as we can now before the price really takes off past $1300. The only thing I worry about is that the price keeps bouncing around in the 1200's. Maybe now it will take off.