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Topic: Bitcoin Jump (Read 2418 times)

member
Activity: 98
Merit: 10
June 19, 2013, 02:20:09 PM
#23
I have a theory.. All will be revealed in due course.  He he he.

I'm just hoping for another dip over the weekend. Pretty sure it's coming.

A little bird told me big sales coming Saturday.

No doubt, we will be 150 by end of Friday and due a correction.
member
Activity: 98
Merit: 10
June 19, 2013, 02:17:20 PM
#22
I have a theory.. All will be revealed in due course.  He he he.

I'm just hoping for another dip over the weekend. Pretty sure it's coming.

A little bird told me big sales coming Saturday.
hero member
Activity: 811
Merit: 1000
Web Developer
June 19, 2013, 01:42:33 PM
#21
I have a theory.. All will be revealed in due course.  He he he.

I'm just hoping for another dip over the weekend. Pretty sure it's coming.

A little bird told me big sales coming Saturday.
sr. member
Activity: 448
Merit: 250
June 19, 2013, 01:31:51 PM
#20
Price jumped because BTC market was able to anticipate FOMC news before it was even over - whatever came out of it would be bullish for BTC, regardless of the content. Taper or no taper? Rose-colored glasses or shit-covered goggles? Doesn't matter. All bullish for BTC, the honey badger of money.

Now, wait for no BTC action after the 2:30 press conference, but the legacy markets will all go crazy. See, they actually have to depend on the contents of the vomit that spews forth from the statist bureaucracy. Sucks for them  Roll Eyes For us, the mere EXISTENCE of a statist money-controlling bureaucracy is super-bull for bitcoin, and something like an FOMC meeting is just a pleasant reminder to buy more.
full member
Activity: 224
Merit: 100
June 19, 2013, 09:31:31 AM
#19
I have a theory.. All will be revealed in due course.  He he he.

I'm just hoping for another dip over the weekend. Pretty sure it's coming.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
June 19, 2013, 01:40:53 AM
#18
made 0.4 BTC profit thanks to this jump Wink
newbie
Activity: 45
Merit: 0
June 19, 2013, 01:17:35 AM
#17
Bitcoin follows the Fibonacci sequence Cheesy 
member
Activity: 112
Merit: 10
June 18, 2013, 01:21:02 PM
#16
The price stabilized at around 100, and then we finally broke a significant resistance, and now we're free!

That sums it up pretty much.
legendary
Activity: 1136
Merit: 1001
June 18, 2013, 12:38:04 PM
#15

The large increase in difficulty from late sunday night could have an effect. Less coins for new miners to sell.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
June 18, 2013, 12:17:11 PM
#14
Because some people sold off prior to the weekend, as they expected that whoever dumped on the last two Sundays in a row would do it again, and this time they wanted to sell before the dip and buy back before the rebound.

The big sell-off never came, and so they inevitably bought back, bringing us back to pretty much exactly the price we were at before last Thursday.

Which just goes to underscore that the downward price pressure has been due to manipulators. This question ("Why") should be asked much more readily after sharp declines I reckon.
sr. member
Activity: 329
Merit: 250
LTC -> BTC -> Silver!
June 18, 2013, 11:42:44 AM
#13
I'm wondering too, that was an odd jump.
sr. member
Activity: 321
Merit: 250
Bitbuy.nl!
June 18, 2013, 10:58:15 AM
#12
Because more BTC was bought than sold?

An equal number of BTC were bought and sold, but on an average higher price than yesterday..
sr. member
Activity: 448
Merit: 250
June 18, 2013, 10:55:35 AM
#11
Supply and demand, baby.

And bitcoin is in demand.  Cool
legendary
Activity: 1652
Merit: 1016
June 18, 2013, 10:54:36 AM
#10
Because more BTC was bought than sold?

Well that makes no sense?
sr. member
Activity: 336
Merit: 250
June 18, 2013, 10:54:17 AM
#9
Does anyone know (no speculation please) why the Bitcoin jumped by about 10% in a very short period of time?

In the last three months the bitcoin tends to rise at the end of the month and down to the beginning of next month.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
June 18, 2013, 10:51:14 AM
#8
Does anyone know (no speculation please) why the Bitcoin jumped by about 10% in a very short period of time?
Speculators.
legendary
Activity: 4214
Merit: 1313
June 18, 2013, 10:36:50 AM
#7
Besides the obvious that more people wanted to buy than people who wanted to sell at the lower price and it reached equilibrium at a higher price, there is no way to know underlying reasons.   Smiley

Does anyone know (no speculation please) why the Bitcoin jumped by about 10% in a very short period of time?
kjj
legendary
Activity: 1302
Merit: 1026
June 18, 2013, 10:18:50 AM
#6
Because more BTC was bought than sold?

Heh.  That would be a neat trick.
sr. member
Activity: 392
Merit: 250
June 18, 2013, 10:18:09 AM
#5
Bitcoin?

Like JELLO, but not edible. 
legendary
Activity: 1022
Merit: 1000
June 18, 2013, 10:15:53 AM
#4
Bitcoin?
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