Topic: A crazy day! Who can explain? - page 4. (Read 733 times)
Well it's a crazy too to some alts skyrocketed high like bitcoin just like DigiBytes (DGB) it went out to almost a 120% increase in just 4 hours in this day. I don't know how could it last long for it's hype bit I guess it would be over. What I am waiting this time is LTC, DASH, XRP, XMR and ETH to light up on its price. If ever Bitcoin slow down its surge then altcoins will be in the run too, so don't miss this rally and buy some dip right now.
No, it is just FOMO, no one wants to stay out from this incredible opportunity to earn easy money, that is why "everybody" is trying to join as fast as they can.
And the CME futures are coming by monday, that is why there is + volume than usual.
But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)
BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?
Is it a work of the Wall Street? Any correction expected?
And the CME futures are coming by monday, that is why there is + volume than usual.
But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)
Yup, this is essentially the same reason I've seen people follow for the past few weeks as well. I live in a pretty populous area, and the buzz has been going crazy just about the bitcoin rises. People are trying to hop on the train asap. This creates demand for the coin, which drives the price up as people are willing to pay higher and higher amounts for the coin itself. Now, this is leading into a bubble, and we may see another little burst, but it seems like for the most part that bitcoin is always able to get back on its feet very quickly. This will probably start being tested soon.
The rate of increase is indeed alarming, I hope this is not a bad phenomenon. Many people want BTC to rise rapidly while worrying about the negative effects of the rise. I am not a person who knows BTC very well, but I still have confidence in it and I hope it will get better and better!
So the bubble has burst and is being blown up again.
bitcoin has gone from the FUD rusulting in the fall last week to the FOMO helping the price rise.
bitcoins price is almost up to the price it was at last week.
bitcoin has gone from the FUD rusulting in the fall last week to the FOMO helping the price rise.
bitcoins price is almost up to the price it was at last week.
Like @eth9888 was pointing out, I think a lot of the time people overreact to the rise in Bitcoin price by looking at the absolute increase, instead of the percentage.
Both ETH and LTC have had dramatic increases in price recently, but there wasn't so much hype partly because it made the difference between say $500 and $700, which seems less impressive than $15,000 to $17,000.
As a percentage though, the recent price activity for Bitcoin hasn't been so unusual.
Both ETH and LTC have had dramatic increases in price recently, but there wasn't so much hype partly because it made the difference between say $500 and $700, which seems less impressive than $15,000 to $17,000.
As a percentage though, the recent price activity for Bitcoin hasn't been so unusual.
The simple explanation because people who use bitcoin nowdays grow very high more than we think.
It makes bitcoin climb very fast in a day. And after climb correction is undenable.
It makes bitcoin climb very fast in a day. And after climb correction is undenable.
No, it is just FOMO, no one wants to stay out from this incredible opportunity to earn easy money, that is why "everybody" is trying to join as fast as they can.
And the CME futures are coming by monday, that is why there is + volume than usual.
But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)
BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?
Is it a work of the Wall Street? Any correction expected?
And the CME futures are coming by monday, that is why there is + volume than usual.
But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)
Yup, this is essentially the same reason I've seen people follow for the past few weeks as well. I live in a pretty populous area, and the buzz has been going crazy just about the bitcoin rises. People are trying to hop on the train asap. This creates demand for the coin, which drives the price up as people are willing to pay higher and higher amounts for the coin itself. Now, this is leading into a bubble, and we may see another little burst, but it seems like for the most part that bitcoin is always able to get back on its feet very quickly. This will probably start being tested soon.
Take into account that there is an example of CBOE futures launch on 10th December, when Bitcoin made one of the largest growth in % in 5 minutes time, I think the same will happen upon CME launch. I have a quick video proving my point, would be glad to hear your feedback:
https://www.youtube.com/watch?v=JsR9N-TDBWM
The price is only going up because of the next futures, nothing more.
There is a lot of volume on the whole market because of this, everybody is moving their alt's money to bitcoin to make more profit than before, they do not want to miss the train.
This is a simple explain of why it has been going up, but seriously, 2000 dollars in a day is insane.
There is a lot of volume on the whole market because of this, everybody is moving their alt's money to bitcoin to make more profit than before, they do not want to miss the train.
This is a simple explain of why it has been going up, but seriously, 2000 dollars in a day is insane.
No, it is just FOMO, no one wants to stay out from this incredible opportunity to earn easy money, that is why "everybody" is trying to join as fast as they can.
And the CME futures are coming by monday, that is why there is + volume than usual.
But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)
BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?
Is it a work of the Wall Street? Any correction expected?
And the CME futures are coming by monday, that is why there is + volume than usual.
But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)
Yup, this is essentially the same reason I've seen people follow for the past few weeks as well. I live in a pretty populous area, and the buzz has been going crazy just about the bitcoin rises. People are trying to hop on the train asap. This creates demand for the coin, which drives the price up as people are willing to pay higher and higher amounts for the coin itself. Now, this is leading into a bubble, and we may see another little burst, but it seems like for the most part that bitcoin is always able to get back on its feet very quickly. This will probably start being tested soon.
Not so crazy... it's just a little more than 10%. BTC has done 20% move in one day before..... as the nominal value of BTC becomes larger, the absolute dollar movement will be bigger too.
BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?
Is it a work of the Wall Street? Any correction expected?
Probably this is caused due to the amount of people using bitcoins for transactions, more holders and traders.
The current hype is amazing.
No, it is just FOMO, no one wants to stay out from this incredible opportunity to earn easy money, that is why "everybody" is trying to join as fast as they can.
And the CME futures are coming by monday, that is why there is + volume than usual.
But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)
BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?
Is it a work of the Wall Street? Any correction expected?
And the CME futures are coming by monday, that is why there is + volume than usual.
But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)
its all on trading volumes https://data.bitcoinity.org/markets/price_volume/30d/USD?t=lb&vu=curr
BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?
Is it a work of the Wall Street? Any correction expected?
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