[2017-05-19] Bitcoin Price Rose to $1900

richardsNY

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Quote from: Kprawn on May 19, 2017, 11:42:31 AM

I think it is a combination of things now... the political uncertainty with the Trump governance {Russian scandal} and also the major adoption of

Bitcoin is Japan that is getting a new push after the Malware scare. I hope this will continue way past $2000 this time, because a lot of people are

of the opinion that this is just another bubble and I hope to prove them wrong. Wink

It's not a bubble yet, but if the price keeps climbing up without at least one serious correction, then we can be heading towards a forming bubble. For now I don't think going over the $2000 level will be much of a problem. The real challenge will be maintaining $2000 for more than just a few hours/a day. Remember how long it took to finally settle above the $1000 level? Then imagine how that will be with current levels....

Kprawn

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I think it is a combination of things now... the political uncertainty with the Trump governance {Russian scandal} and also the major adoption of

Bitcoin is Japan that is getting a new push after the Malware scare. I hope this will continue way past $2000 this time, because a lot of people are

of the opinion that this is just another bubble and I hope to prove them wrong. Wink

Kemarit

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Quote from: 1Referee on May 19, 2017, 06:17:57 AM

Quote from: MintCondition on May 19, 2017, 01:51:08 AM

I observe this also. The recovery process of altcoins especially bitcoins are very fast compared to the time span of the dump. I'm wondering if someone is manipulating all the price of cryptocurrency. There are many speculation on the forum that the altcoins are just in bubble that's why I'm thinking now if I'm still gonna hold my assets or convert now while the price is still high.

Obviously, manipulation is the main aspect of altcoins. In most cases it's a group effort of a few entities that control the far majority of the circulating coins. Look at Ethereum and Ripple, they are the perfect example of how entities are just buying up their own coins, with the result of the price going up to current insane levels. What happens in the meanwhile is that they are slowly unloading their insanely expensive coins. In other words, those that are buying at current levels will get eaten alive. I was feeling sorry for those that were buying at current levels, but it's now turning into something funny, because seriously, what sheep buys 1ETH at $110? Lips sealed

Agreed. Alt-coins are just pump and dump coins. There are entities behind those price manipulation. You can also find a lot of pump and dump groups popping up here and there. They just pump a coin then if the profit is already present, they will just dump it as fast as they can. Another example is Bytecoin, which jump 250% then going down as fast as it rises. Bitcoin recover quick as well, but its now just a pump and dump coin. It is now fully trusted, market is mature not just to panic sell. It even has a backing of a country now that is going crazy about it

1Referee

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Quote from: MintCondition on May 19, 2017, 01:51:08 AM

I observe this also. The recovery process of altcoins especially bitcoins are very fast compared to the time span of the dump. I'm wondering if someone is manipulating all the price of cryptocurrency. There are many speculation on the forum that the altcoins are just in bubble that's why I'm thinking now if I'm still gonna hold my assets or convert now while the price is still high.

Obviously, manipulation is the main aspect of altcoins. In most cases it's a group effort of a few entities that control the far majority of the circulating coins. Look at Ethereum and Ripple, they are the perfect example of how entities are just buying up their own coins, with the result of the price going up to current insane levels. What happens in the meanwhile is that they are slowly unloading their insanely expensive coins. In other words, those that are buying at current levels will get eaten alive. I was feeling sorry for those that were buying at current levels, but it's now turning into something funny, because seriously, what sheep buys 1ETH at $110? Lips sealed

MintCondition

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Quote from: Vialaia on May 19, 2017, 01:42:57 AM

On Friday, May 19, the weighted average rate of the first cryptocurrency rises to $ 1,900. Near 04:30, Bitcoin price reached $ 1,934, according to Coinmarketcap.

So, at the time of publication Bitcoin increased by about 5% in the last 24 hours.

bitcoin price is 1900

Recall that as recently as last Saturday, Bitcoin price went down to $1650, but the correction was short. Cryptocurrency took less than a week to not only return to previous heights, but to reach a new record level...

Read more https://bit.news/eng/bitcoin-price-rose-1900/

I observe this also. The recovery process of altcoins especially bitcoins are very fast compared to the time span of the dump. I'm wondering if someone is manipulating all the price of cryptocurrency. There are many speculation on the forum that the altcoins are just in bubble that's why I'm thinking now if I'm still gonna hold my assets or convert now while the price is still high.

Vialaia

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On Friday, May 19, the weighted average rate of the first cryptocurrency rises to $ 1,900. Near 04:30, Bitcoin price reached $ 1,934, according to Coinmarketcap.

So, at the time of publication Bitcoin increased by about 5% in the last 24 hours.

bitcoin price is 1900

Recall that as recently as last Saturday, Bitcoin price went down to $1650, but the correction was short. Cryptocurrency took less than a week to not only return to previous heights, but to reach a new record level...

Read more https://bit.news/eng/bitcoin-price-rose-1900/

Topic: [2017-05-19] Bitcoin Price Rose to $1900 (Read 7402 times)