Topic: Bitcoin Price Breaks $10K Barrier – Where is all the Pump Coming From? (Read 622 times)

I don't think that Libra has greatly play the market cause price inflation, bitcoin does but not with altcoins. We have this price jump because the demand is high and no one dump their coins this time.

It might possible that Libracoin is a controlled coin but I don't think that it will be a competitive coin just like Bitcoin, BNB and ETH.

Even further it points out that Bitcoin is owned by us all where the facebook coins are controlled by a group of ultra rich.

what about those other stable coins like usdt tether , they are all being traded on an exchange  .

and why not ? what about other stable coins like usdt tether ? why do you think they are indemand and got alot of volume ? people buys them because stable coins saves the value of your cryptos away from unstableness of the market  .

the news is about libra coin so why they buy bitcoin ? they should have buy libra coin at the first place  .  libra coin is not based on facebook because its a stable coin .

Libra won't be traded most likely on crypto exchanges. Its a stable coin. Most likely it will be pegged to the central bank currencies like USD or EUR or GBP or JPY.

Since its a stablecoin, you can't really invest in it. Because its value will never go up or down, since its a currency technically pegged to a national currency.

I think the Libra news however did start FOMO in Cryptos because Libra is based on Bitcoin somewhat and that is what the public is betting on now that it will increase in value. They assume that if Facebook is getting into Cryptos, eventually so will the entire world and people are buying Bitcoin.

And probably we can see another dip on 2022 based on the Bitcoin 4 year cycle by Bob Loukas. 

@ OP if you wanted to acquire some Bitcoin and you do not want to wait that long (2022) then probably it is good to buy it now than wait for it to moon later.  There is no pump because Bitcoin is no shitcoin like lots of altcoin out there, its that we are already in a Bull Run and there are good news ahead (Bakkt Testing, ETF decision, reward havling). 


Bitcoin had been highly volatile ever since.


Why would investor invest on Libra Coin?  It is a stablecoin so we can see no price increase in here.  I also don't see buying Libra coin and getting a share on facebook company.  And as far as I know FB is looking for 100 company paying $10m each to fund their crowdfunding.  And I think BTC is not one of those payment option.

Never too late to invest on bitcoin as long as you have enough patience to reap the profits but the prices increased many times from this year's beginning so you need to dice you can wait for the money which you wanted to make and the money you are investing is affordable for you.

I have the same question.
Since the Libra news it became so volatile.

Are they preparing all that bitcoin to buy the Libra coin?
Or is it just the same pump that happened last December 2017?

This questions are difficult to answer accurately. We just dont know where it is coming from since a lot of exchange are already out there. Better just prepare also for the worst.

Haha guess you were right about it OP just put this up to advertise his/her website .
But back to OP's question I think that Bitcoin are now trying to reach back $15K .
It feels like we are going to see another ATH next year if this would continue or even way more earlier maybe before this year ends.

when the price was $ 3300 many people said that it was not a good time to buy because the price could fall to $1000. constantly on the news channels about bitcoin talked about the background, were things like:

the bottom is $2000; the bottom is $1000; But the price has risen to $5000. And when the price was in the  $5000. people said that it would fall again to $3000 because it had not reached the bottom

For many months the main subject was: "where is the bottom?"

see that no one hit where the bottom was, nobody was right that the price would not fall below $5000

you should always think for yourself in this market, no matter how much you see things like:


Crypto Analyst Says Bitcoin Price Could Hit $100,000 During Next Bull Run

think for yourself


for now $12000, but I see that it is possible that we end the year with the price of $17000

It is not yet too late to buy bitcoin especially if you can see were is going to! Bitcoin is heading towards $65,000 to $100,000 if all the technical and functional issue is sorted out before halving by may next year. I also believe that the current pumping was a recovery from the last year bearish market and we should expect more good pricing in some days to come. Bitcoin is currently trading around $11,000 and that was the price many professionals investors were saying that is were Bitcoin should be by the end of the year but we are happy that we still have more time to gain more.

It is never too late to invest in bitcoin,even despite today's price.The real potential of Bitcoin remains to be seen. But apparently someone has already appreciated it.

I think most of the price pump is some form of manipulation. A look at market cycles clearly show that before every bull run, there is a pump then an even more massive correction. I think we're in a B-wave, only time will tell. A close look at the charts and you'll see price hasn't even tested the 21 MA since the beginning of the pump.

In my opinion, the dip in 2018 when the prices declined to $3,000 per coin came as a blessing. At that time, a lot of the non-serious investors sold their coins and made exit. Also, the market dominance of Bitcoin increased as the proportion of non-serious investors was higher with altcoins (especially Ethereum and Ripple). Another game-changing moment was the announcement of Libracoin. IMO, it will give cryptocurrencies some legitimacy even in those countries where it is banned currently.

If I remember correctly, bitcoin had a 16x growth rate to set a historical milestone for this world at $ 20k for 5 weeks. A lot of views on this issue but I think, it has come up with extremely impressive efforts. When bitcoin overcomes resistance and investors hold a good profit lock. I think 10k is a stable resistance to continue moving. 24k in January is possible.

Do not forget about those people, who believed that Bitcoin could reach 100 thousand soon and bought BTC when it was 20 thousand. Even now, with Bitcoin for over 10K, they cannot cover their losses still.

I think there's no pump happening on bitcoin but a natural growth in price because of mass adoption, people are buying bitcoin and we can see altcoins doesn't have that much increase in price. I think bitcoin is heading to a new all time high so invest now before its too late.

I wet myself a little bit on reading the above.

At 80K a BTC I would become likely the biggest 'ass' on the planet. I hope it is true but can't even wrap my head around such.

Likely results of BTC in my case hitting $80k a BTC.

1) Would become an 'epic' ass, and thus giving up my amateur status as simply being 'occasionally' 'ass like' in my actions. Would go full pro tour asshole.

2) Would suddenly be more attractive to the oppisite sex (and other...ewwww..). Thus contributing to (see 1 above)

3) Would 'delude' myself that it was all 'skill' when in reality, I just got in as an early adopter because this seemed more prudent then losing $60 a month in electric

    by putting the old bbs and game server back up. I was bored. Yes, that is the lamest excuse ever to get into BTC in 2013. Also by 'forgetting such' (see 1 above).

4) The IRS and others would 'likely' take a lot more interest in my actions. At $80k BTC, there would be a lot of 'data mining' 'supposed' legit Tax Returns for corrected 'ahem' revenue.

5) I would likely, at $80k BTC completely crack up, never selling any, and at the age of 101 years be found dead with cats and an unreadable paper wallet from fondling it.

So looking at above, $80k BTC sounds good. I can deal with the above. It is all about the rationalization.

Brad

People are fomoing in fearing that they might miss out of the pump, thereby pumping the price. Also, a lot of big corporations are begining to see the future with bitcoin.

Some downside is ongoing right now after hitting $11k now it's moving down as current value is $10,714 maybe a little slide before moving upwards
again as some traders will sell after getting short term targets while others will buy in taking chances while value still considerable.

The best reply so far. lol  If the OP sincerely wants to invest, no need to ask the community here. He will buy on his own decision. You will find all kinds of promoters and advertisers of various crypto-related platforms because the price of bitcoin is starting again to increase in good amounts and everybody wants to be in it.

Today, the price actually reached $11k for a brief period of time. I don't know, I find it scary that the price is being too volatile and moving upwards so fast. I don't think there're particular causes behind the current pump. It's all the long-awaited correction after more than a year of the bearish market; investors considering Bitcoin valuable, being impressed by how it got out of the bearish market; and, unfortunately, FOMO.
I don't think it's late to invest. It's never late to invest long-term in Bitcoin, IMO, because, in the end, it will reach a new ATH point. As for short-term things - I am not sure, but I wouldn't do it, because the price is too high, and there might be a correction around the corner.

The price of bitcoin is very volatile, there is not necessarily a good or bad time to buy.

It depends on the amount of investment you want to make, how long are you ready to "leave" that amount in BTC and the goal.

Of course it is better to buy when the price is $3000, nevertheless it may be interesting to buy now and sell when the price will reach $20,000, $30,000 or more.

It could come in 1 month, 6 months or in several years, but I think that someday the price of bitcoin will come and exceed these sums.

You can use tools (Artificial Intelligence) to help you choose the best times to buy and sell. Go see IntelBit.io (it's free), there is an algorithm (artificial intelligence) that predicts the price of bitcoin; The price predictions are based on the K-nearest neighbors algorithm (KNN) and Multilayer Perceptron (MLP), a feedforward artificial neural network. The tool is armed with various time-span options, including daily, weekly, monthly and real time predictions.


WARNING: No algorithm or artificial intelligence can give you 100% reliable results, you must analyze the market yourself and make the decision, but AI like IntelBit can help you and give you good technical indications

this pumping will continue past 12K I believe. invest now don't hesitate you haven't been late, after touching 12K BTC heading to for passed asses all time high.
BTC Invest will not fall their goals are still far away.,
believe me while there is still a chance. BTC invests Autowin.

Its never too late for invest bitcoin,But my advice is wait a little bit.Bitcoin falls 11168$ to 10688$. 500$ fall,because of the panic sellers sell there bitcoin.Wait until hit again if it pass the 11168$.wait 1 hr candle to complete.If that candle complete as green.Buy BTC. If not double top pattern.If the resistance came bitcoin will fall.

FOMO, greed, newcomers trying to not miss the train, whales playing games, etc, etc. Trying to pinpoint the exact reason behind such massive spike is nothing but a waste of time, there's literally no way to know for sure what's causing this surge.

How exactly does the Libra hype impacts the price of Bitcoin? You think people are going "Oh, Facebook is going to launch a cryptocurrency next year, guess I'll buy Bitcoin now"?? What's the logic behind that?

Again, you're trying to say that Libra is the main cause behind the current surge in the BTC price but you're not explaining exactly why  

You are not late, I think this is just the beginning of the price of bitcoin, I think who is the driver we all will not know, many people say that because of the announcement from Facebook, but I am not sure that there might be other big people inside, I just give advice not invites you to invest this risk, you can invest as long as it hasn't been in 2020
Many people predict that bitcoin prices will touch above $ 50k

Some might say again this is because of whales and their actions but I don't think so. It's probably circumstances on the market and investors mood that pushed the price.
Still it's hard to say if this is going to last and we will have some continuous growth or is this a temporary pump after which some corrections will follow.

I have been calling for a price upswing following by a rather large crash into the 4k or 5k range.  I think this is our upward time, then we will crash before then testing and eventually breaking through the ATH after the next halving.

       Just go ahead make an investment because bitcoin price was already hit $11k  and it may repeat the history in  which bitcoin was blast like a bomb in 20017 and this may continue up to $20k .So I think this is not too late to invest in bitcoin.

Been talking about this last couple of months and here we go Bitcoin about to reach $11k after crossing $10k. In my optimism, It will go to $12k and then there will be a dip. Truth to be said It's not the right time to buy in exceptionally when bitcoin is on hard pumping.

You are right. Today is the big day for the Bitcoin breaking the barriers. It has reached more than $11k only in a day. It is very incredible after so long time, after one year it has very dumped price and now it has proved the value of real Bitcoin. I believe that BTC price will increase again and be more stable.

To be honest, I don’t even know what to expect. I realized a long time ago that it is impossible to believe analysts' forecasts, and technical analysis is far from always helpful in the cryptocurrency market. Although, it should be noted that according to technical analysis, everything indicates that Bitcoin will continue to grow. Such rapid growth scares me, because as we all know, what quickly grows then just as quickly falls.

I think people are fomoing on facebook coin. It is really unexpected to even hit $11k now. Usually on weekends traders take their profit and no pumps like this happens. Bitcoin's price is really volatile. No expert can guess where it will go.

I remember when at the peak of the bitcoin price in 2017, many began to buy it,hoping that it will cost even more,but what happened happened.Now I see the same situation.When bitcoin cost 4 000 no one thought about buying it.Now everyone is ready to buy it for $ 10,000.That's absurd.Personally, I recorded a profit and now I'm waiting for an even greater rise in price.I haven't thought about additional purchase yet.

In 2017, Bitcoin reached $ 20,000 from $ 10,000 in just 2-3 weeks. And from $ 8000 it came to this point again very quickly. Do you think it could be $ 20,000 in three weeks?

Could it be attributed to that there wasnt any terrible news in the media about cryptocurrency in the past month for this run up to nearing $11k now?
Sediment towards it from the general public has been positive so this could also be a determining factor for this sudden surge in the price as well.

Speculation and the overall crypto space gaining trust. Expect more when this hits the tv stations and newspapers the upcoming days.

We cant predict how far we can go on this years bull run,but all that we know is this bull run will be exciting and will be a hell of ride.We can expect bitcoin make a new ATH record because this is the most common thing that happen everytime bitcoin undergoes the bull market.

This is really hyping people up.

Me including my friends are so surprised by the price since we did not even expect this price pump. The last time we talked about Bitcoin and it just around $7K. The pump, I don't think something happened and triggered it, I guess it is really starting to pump in the start of the recent month when the price made the $7K run from $3K. If this continues, I think a correction will happen.

FOMO. We said that once it broke the $10k barrier, there will be FOMO and I think that's what happened.


No need to ask, if you really wanted to join the ride, then invest and wait for the next massive run.


New ATH, so again, don't be late in the party, invest while you can. 

Why should bitcoin price rise because of some FB coin, this has nothing to do with each other? You and many others saying that people buying bitcoin because they are interested for Libra, but how familiar I am with FB project, users will be able to buy Libra only with fiat and then transfer it to other person/s or buy / pay some goods or services. Value of Libra should be pegged with $, € or any other fiat currency, so it is something completely different from bitcoin.

Price of bitcoin is going up because period of accumulation is over, and if you look history of bitcoin there are some patterns which are repeated every few years.

Hype on that Libra coin is too high, and they will use bitcoin for to market their coin. Anyway the pump on bitcoin is great, and I think its not too late to buy bitcoin because our goal is to break the ATH this year so there’s a time to buy. Bitcoin will be heading to $15k, i’m confident about that.

I think the trip can penetrate the position above $ 10k is very good, the next step might be able to be above $12k and we can make this as an accurate prediction.
oh yes for you maybe now can be used as an option to buy before bitcoin experiences a bigger increase, and make sure you get profit from bitcoin before the increase.

Hahaha! I was about to post this, and thought it was going to be for laughs.



But what's more funny is some people already believe it to be true. Haha. Libra won't even launch. You heard it here first.

Really? Now btc community have Facebook Libra to thank for the sudden rise in price i suppose!   I doubt that is the reason for the price increase, crypto is slowly getting out of the bear market and preparing for another bull run, Libra was not here in 2017 nor back in the previous bull run so i wouldn't connect btc rise to any Libra influence.

Isn't it obvious? Libra is the answer. One of the biggest players in the market(Facebook) have openly declared that they are planning on launching their own cryptocurrency by unveiling the whitepaper which has had a ripple effect on the crypto world.

More and more people are interested in what Libra is and how it is different when compared to BTC, but this is indirectly benefiting BTC in a big way leading to the recent rally. This will probably look very small when compared to the upcoming Halving rally in 2020.

it has not even reached its old all time high so its not to late, the price might reach 1 million we never know, but its never a bad thing to invest some becuse you never know whats going to happen.

I don't think it's late already, seeing the price reached $10,000 there is still a possibility it will continue until $15,000k so if you want to invest today is still a good time to invest because we don't know maybe in a matter of few months it will reach $20,000 so you can still get profits. I'm positive bitcoin will continue it's upward trend.

The dream of no one taxing but everything else is not And the conflicting information surrounding the upcoming G20 in Osaka may be the catalyst for today's rally. It has overcome all challenges. The current state of the market as a sunbeam through the door slit was anticipated. Don't worry when the "late" concept is completely absent in this market.

if you don't own any bitcoins at all, it's generally a good idea to buy some. remember, there's only 21 million of them. with each passing bubble, owning even one BTC becomes harder for investors to attain. after the next bubble plays out, most people will only ever be able to afford small fractions of a coin.

short term, i think this rally still has steam. anywhere from here to $13k is a likely topping zone though. i think there will be another chance to buy below $10k in the next few months. don't rely on my opinion though!

Nobody knows exactly where we're heading, but I'm quite optimistic with the recent move. At this moment, we should have left the disbelief phase and people are starting to get confidence for the next run.

Lots of people even believe that we could reach $80k by July 2020.

there is no pump since it is bitcoin not some altcoin to get pumped.
this rise however is the same bull run that started months ago when we broke out of $3k range and started this whole rally. and main reason for it like always is the increase of adoption.



no you don't, you just want to advertise your website, I bet you won't even read any of the replies

On June 21 2019, Bitcoin price reached a new peak, hitting $10,646 and firmly beating daily returns of almost all major cryptocurrencies. For the first time in 15 months

Bitcoin’s price surged above $10,000 on major cryptocurrency exchanges. The bitcoin price broke the $10K barrier at 7:35 pm Eastern Time.

I want to invest in bitcoin, it is too late?

Where do you think Bitcoin is heading next?