Bitcoin 10% increase in a day - why? - page 2.

Jating

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Quote from: Shasha80 on October 09, 2021, 02:20:53 AM

Quote from: Silberman on October 08, 2021, 01:22:25 PM

Quote from: Shenzou on October 06, 2021, 03:03:37 PM

It is always unknow whether the price has jumped due to some kind of news or because of some market movement, or probably both, but there is something that i have been noticing is that every year with the Q4 there is always a bit of surge in the prices, whatever the conditions and the news, and it is still to this day unknown to me why that this is happening.

I think part of it is that there are other people that have noticed that pattern too and now this has created the expectation in the mind of traders that the price can go up at the end of the year, and if enough traders are willing to put their money behind this belief then this creates a self-fulfilling prophecy, however I think we are seeing something more profound than that, bitcoin is ready to go up in value in a spectacular fashion, and when it does the FOMO will be impressive, so I have no doubts the current ATH will be completely smashed.

The increase in the price of Bitcoin in a week by 14%, this is a good sign, because it will indirectly trigger FOMO. This pattern is often repeated,
so some investors finally predict that Bitcoin prices can continue to rise until the end of the year. It is not impossible at the end of the year will reach
new ATH, that way the best step we have to do right now is still holding the Bitcoin we have. Don't be in a hurry to sell the Bitcoins we have today,
be patient holding Bitcoin until the end of the year will make us generate bigger profits. In the end, patience is the key to success.

For me FOMO will set in again if we are going to break that next round numbers which is $60k.

Right now what we are seeing is speculators and traders just trying to make some money because of the bullrun this October. Nevertheless if we see $60k reach and sustain, then there will be a new set of investors that will enter the picture and pour their money. The real gauge here is how big this bull run going to be up to December as we are waiting for it to reach at least 6 digits.

maydna

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Quote from: dupee419 on October 09, 2021, 06:35:26 AM

Quote from: BrianH on October 01, 2021, 08:24:02 AM

Bitcoin has been steadily falling the last month... Today, it popped over 10%.

What do you think changed?
*China ban banning crypto
*October?
*Delaying the damaging US Infrastructure Bill that is set to ban cryptocurrency software development, cryptocurrency mining, make sending >$10k a felony without getting recipients SS# etc and many other Bitcoin restrictions? P.S. Contact Congress.

In my opinion, this is all directly attributable to the US Infrastructure bill that has massive implications for the industry. If it passes, this will have cascading impacts worldwide as other countries adopt similar measures to the US. China officially banning Bitcoin seemed to have no directly attributable impact, because I think that was already priced in. It being October seems unlikely that it would pop like this in a day.

What is your opinion?

Usually, October is the month of bears, but this is actually an opportunity, common terms like FOMO or FUD may be the reason behind the 14% pump, also, a lot of Bitcoin enthusiasts were also predicting the pump of Bitcoin's value as October starts, no specific reason though but I am sure that there are multiple reasons, and the common terms I mentioned earlier could definitely be the reason as well.

Hopefully, that is change this year, so we only see this month will be bull. This month seems a good month for bitcoin to rise after the price got much bad news a few months ago, and hopefully, people will see that bitcoin is getting stronger than before, and it will survive in the bad situation. We don't have to think about the reason because that will not be easy to find it.

Yamifoud

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Quote from: ringgo96 on October 09, 2021, 01:55:29 AM

This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.

It is still uncertain, might it gives some impact on the price but I don't think that is only the reason for this price surge.
But all I can say is that we're glad to have this momentum despite the FUDs and news coming from China. The market stood still stronger and what we've seen this time is a sign that we're moving upward and the demand is increasing. Having this uptrend motion, we can expect that there is another ATH that comes within this year.

dupee419

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Quote from: BrianH on October 01, 2021, 08:24:02 AM

Bitcoin has been steadily falling the last month... Today, it popped over 10%.

What do you think changed?
*China ban banning crypto
*October?
*Delaying the damaging US Infrastructure Bill that is set to ban cryptocurrency software development, cryptocurrency mining, make sending >$10k a felony without getting recipients SS# etc and many other Bitcoin restrictions? P.S. Contact Congress.

In my opinion, this is all directly attributable to the US Infrastructure bill that has massive implications for the industry. If it passes, this will have cascading impacts worldwide as other countries adopt similar measures to the US. China officially banning Bitcoin seemed to have no directly attributable impact, because I think that was already priced in. It being October seems unlikely that it would pop like this in a day.

What is your opinion?

Usually, October is the month of bears, but this is actually an opportunity, common terms like FOMO or FUD may be the reason behind the 14% pump, also, a lot of Bitcoin enthusiasts were also predicting the pump of Bitcoin's value as October starts, no specific reason though but I am sure that there are multiple reasons, and the common terms I mentioned earlier could definitely be the reason as well.

Shasha80

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Quote from: Silberman on October 08, 2021, 01:22:25 PM

Quote from: Shenzou on October 06, 2021, 03:03:37 PM

It is always unknow whether the price has jumped due to some kind of news or because of some market movement, or probably both, but there is something that i have been noticing is that every year with the Q4 there is always a bit of surge in the prices, whatever the conditions and the news, and it is still to this day unknown to me why that this is happening.

I think part of it is that there are other people that have noticed that pattern too and now this has created the expectation in the mind of traders that the price can go up at the end of the year, and if enough traders are willing to put their money behind this belief then this creates a self-fulfilling prophecy, however I think we are seeing something more profound than that, bitcoin is ready to go up in value in a spectacular fashion, and when it does the FOMO will be impressive, so I have no doubts the current ATH will be completely smashed.

The increase in the price of Bitcoin in a week by 14%, this is a good sign, because it will indirectly trigger FOMO. This pattern is often repeated,
so some investors finally predict that Bitcoin prices can continue to rise until the end of the year. It is not impossible at the end of the year will reach
new ATH, that way the best step we have to do right now is still holding the Bitcoin we have. Don't be in a hurry to sell the Bitcoins we have today,
be patient holding Bitcoin until the end of the year will make us generate bigger profits. In the end, patience is the key to success.

ringgo96

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This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.

Hypnosis00

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Quote from: oktana on October 08, 2021, 06:59:40 PM

Quote from: redsun114 on October 08, 2021, 03:44:23 PM

Funny to see people simply claims that the increase in prices of recently it's linked to the temporary shutdown of Facebook, WhatsApp, Instagram and messenger in recent times. I don’t see how these things can be linked to the increase in the price of Bitcoin at all, so I didn’t believe any of them.

Actually, some stocks price declined because of that but, I don't think the dots connect. Unless people sold their stocks and invested it in Bitcoin.

Something that just crossed my mind is the establishment of the crypto mining which is a very recent news (even more recent that Twitter Bitcoin tipping), but, it didn't trend and isn't an option to me. But! everything matters. Bitcoin increase in price can actually be an addition of all of these events and not just one event.

Just you've said, the temporary shutdown of these giant social media platform never connect to what we have experience (skyrocket), I've never seen it as because the market will just pump unexpectedly with or without any events like this. I can't picture out how it comes into their minds but anyways, it always happens to blame something for something not new. And besides, these pumps have been expected as we are in the Christmas season, we even thinking of another ATH.

Whatever the reason for this surge, well, thank you. People were happy to see this but those who were selling earlier, that is sorry.

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Quote from: redsun114 on October 08, 2021, 03:44:23 PM

Funny to see people simply claims that the increase in prices of recently it's linked to the temporary shutdown of Facebook, WhatsApp, Instagram and messenger in recent times. I don’t see how these things can be linked to the increase in the price of Bitcoin at all, so I didn’t believe any of them.

Actually, some stocks price declined because of that but, I don't think the dots connect. Unless people sold their stocks and invested it in Bitcoin.

Something that just crossed my mind is the establishment of the crypto mining which is a very recent news (even more recent that Twitter Bitcoin tipping), but, it didn't trend and isn't an option to me. But! everything matters. Bitcoin increase in price can actually be an addition of all of these events and not just one event.

redsun114

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Funny to see people simply claims that the increase in prices of recently it's linked to the temporary shutdown of Facebook, WhatsApp, Instagram and messenger in recent times. I don’t see how these things can be linked to the increase in the price of Bitcoin at all, so I didn’t believe any of them.

I’ve also seen news about the bill that you have talked about. I really hope that they don’t pass the bill, because if they should do that it is going to affect Bitcoin a lot and I am not wishing for that to happen.

There are already lots of big companies in The US that has to do with cryptocurrency exchanging and mining of cryptocurrency, so if they should go ahead and pass such a bill, how are these companies going to be able to cooperate? This is going to result to most of them changing location from the country moving to other countries where they will be allowed to continue with their business.

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Quote from: Shenzou on October 06, 2021, 03:03:37 PM

It is always unknow whether the price has jumped due to some kind of news or because of some market movement, or probably both, but there is something that i have been noticing is that every year with the Q4 there is always a bit of surge in the prices, whatever the conditions and the news, and it is still to this day unknown to me why that this is happening.

I think part of it is that there are other people that have noticed that pattern too and now this has created the expectation in the mind of traders that the price can go up at the end of the year, and if enough traders are willing to put their money behind this belief then this creates a self-fulfilling prophecy, however I think we are seeing something more profound than that, bitcoin is ready to go up in value in a spectacular fashion, and when it does the FOMO will be impressive, so I have no doubts the current ATH will be completely smashed.

lalabotax

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That's people, when the price of Bitcoin rising up, they will ask why, and when the price goes down, they will also ask why.

Well, that is normal in order to check what happens to the world of Bitcoin.
As predicted by many people, the bullish trend will be started again the Q4 and now it is the beginning of Quarter 4. The FUD previously only becomes the trigger for many people to panic selling. But in fact, the market is better soon.
But, will this bullish trend last longer at least until the year ends? No one knows

BITCOIN4X

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Quote from: swogerino on October 07, 2021, 03:44:06 PM

The fact that is showing somewhat stability at 53-55K as a price right now in "Uptober" is a great starting point to achieve that 100K during Christmas and New Year this 2021.The fact that it didn't care about China ban and any other FUD which there have been a lot in these last couple of months is a big plus for the price of Bitcoin to continue and move to the upside.No one can really predict it yes but all the factors are looking bullish as of right now.

Investors or traders may become too fed up with FUD coming from China that resistance is broken and bears vs bulls are won by bulls. Happy with this kind of positive market reaction although I argued that $64K will not be reached again this year in my post a while back. It's just about prediction, but no one knows for sure how the market will hold or surpass the $64 mark. There is hope that $64 can be broken if the bitcoin price does not experience a major correction during October. If another major correction occurs, I believe the difficulty of breaking the $64K mark will be even more difficult this year.

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The fact that is showing somewhat stability at 53-55K as a price right now in "Uptober" is a great starting point to achieve that 100K during Christmas and New Year this 2021.The fact that it didn't care about China ban and any other FUD which there have been a lot in these last couple of months is a big plus for the price of Bitcoin to continue and move to the upside.No one can really predict it yes but all the factors are looking bullish as of right now.

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Quote from: Ultegra134 on October 07, 2021, 03:10:17 PM

Quote from: Fredomago on October 06, 2021, 03:28:43 PM

Quote from: Ultegra134 on October 06, 2021, 09:08:25 AM

Bitcoin just pumped a few moments earlier, having an increase in price of over $2.500 within a single hour. Pretty astonishing to be honest, and also promising that in the near future, it will eventually reach and surpass its previous ATH, at approximately $60.000. It is now slowly losing value, however, such price change is a massive achievement.

Not far from happening, Bitcoin is strongly approaching and until now it's still moving upwards. Hitting $55K almost nearing to reach $60K once it was done this month, expect to see new ATH before this year's end. Lots of speculations pointed that Bitcoin may reach $100K though it's still far but if strong trend keeps on coming and moving stronger, we will see that happen.

So far, keeping your bitcoin is a good option, just make a good back-up plan in case sideway take place, we really don't have any accurate prediction, it's more on how determine you are trusting this asset.

Well, the $55.000 mark was surpassed yesterday, I don't doubt that the $60.000 mark isn't that far away, but I strongly believe that there will be built some sort of resistance at approximately $58.000. However, I'm pretty positive that the ATH will be surpassed before the end of the year, somewhere near the end of December.

Still sitting on 54k mark and somewhat stabilizes on this level which the next movement is really hard to predict on but just like on what others been saying that 10% movement a day is just a normal or casual thing.

We cant just easily break out +10k movement increments which had been anticipatedly to be the resistance.It might have able to break out 50k point but doesnt mean that 60k would be easy.

Lets wait on how this market move or reacts out because theres would be always a sell-off point and thats what makes it unpredictable since from the start.

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Quote from: Fredomago on October 06, 2021, 03:28:43 PM

Quote from: Ultegra134 on October 06, 2021, 09:08:25 AM

Bitcoin just pumped a few moments earlier, having an increase in price of over $2.500 within a single hour. Pretty astonishing to be honest, and also promising that in the near future, it will eventually reach and surpass its previous ATH, at approximately $60.000. It is now slowly losing value, however, such price change is a massive achievement.

Not far from happening, Bitcoin is strongly approaching and until now it's still moving upwards. Hitting $55K almost nearing to reach $60K once it was done this month, expect to see new ATH before this year's end. Lots of speculations pointed that Bitcoin may reach $100K though it's still far but if strong trend keeps on coming and moving stronger, we will see that happen.

So far, keeping your bitcoin is a good option, just make a good back-up plan in case sideway take place, we really don't have any accurate prediction, it's more on how determine you are trusting this asset.

Well, the $55.000 mark was surpassed yesterday, I don't doubt that the $60.000 mark isn't that far away, but I strongly believe that there will be built some sort of resistance at approximately $58.000. However, I'm pretty positive that the ATH will be surpassed before the end of the year, somewhere near the end of December.

Ozero

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I am not at all surprised that the price of bitcoin, and behind it, of all potential cryptocurrencies, has begun to grow well. The fourth quarter began and it was almost always a good time for a bullish rise in prices in this market. Therefore, I continue to expect the price growth of the cryptocurrency and am not looking for an additional reason for this. Nowadays, the absence of significant bad news is enough for the price growth in the cryptocurrency market.

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Quote from: Shenzou on October 06, 2021, 03:03:37 PM

It is always unknow whether the price has jumped due to some kind of news or because of some market movement, or probably both, but there is something that i have been noticing is that every year with the Q4 there is always a bit of surge in the prices, whatever the conditions and the news, and it is still to this day unknown to me why that this is happening.

Arguments frequently think that the fourth quarter is the biggest shopping spree for the global market as everyone is welcoming the mega-holiday and with such a high demand index, the economy will open its wings in the sky and the effect can spread to neighboring markets like bitcoin, better index will be a source of additional shopping money for wise investors. Another theory is that the scriptwriters felt selling pressure rushing into the futures market, this reversal was a manipulation to evaporate the money of some plotters.

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Currently the increase in bitcoin continues to occur, even though the chinese state is making a ban on using bitcoin throughout the region even they give penalties if they violate the regulations that have been set, but this does not have a big impact on the value of bitcoin and only dropped a few percent and for the beginning of this month the increase began to happen again and we can not say that this will continue to happen because there are still many countries that are monitoring the development of the crypto world to make a move rules in their country.

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Quote from: Shenzou on October 06, 2021, 03:03:37 PM

It is always unknow whether the price has jumped due to some kind of news or because of some market movement, or probably both, but there is something that i have been noticing is that every year with the Q4 there is always a bit of surge in the prices, whatever the conditions and the news, and it is still to this day unknown to me why that this is happening.

I saw this as a normal uptrend motion as we are in the Christmas season like we have experience in the past years. Well, of course, we are not sure that everything will go on the flow as of before as a lot of factors could affect the current momentum and it diverts the trend going back down. If the market could able to sustain this uprising trend, not far seeing that we might reach for another ATH, currently at $54k, quite not far from getting back to $60k before we end this month.

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Quote from: ?? on ??

I was planning to buy some BTC if it hits around $30k but it didn't give me a chance.

Your target to buy was a too cheap price. You must understand that we are still in the bullish season. If you target to buy around $38k-$40k, you must already buy some Bitcoins in the last few months. And you can take your profits if you are selling the Bitcoin now.

Quote from: ?? on ??

according to some major analysts speculation maybe BTC price by the end of this year will reach as high as 70k $.

What major analysis do you hear? Do you hear it from top experts in crypto? $70k is very possible to reach if Bitcoin will have much good news again in the next few months. But if there will be some bad news again, there is a possibility if Bitcoin price cannot increase above its ATH. It means will be no chance of $70k to reach.

Topic: Bitcoin 10% increase in a day - why? - page 2. (Read 752 times)