Bitcoin price gained $1,000 in less than an hour, Experts revealed the reason be

Herbert2020

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Quote from: Divinityxd on April 13, 2018, 07:26:25 AM

Quote from: fortunecrypto on April 13, 2018, 06:55:07 AM

So they are getting in now, I hope with their entry many more will follow and hopefully they will stay for good, Cryptocurrency really needs this kind of investors, without them Bitcoin and other cryptocurrency will have a long bear trend.

institutional investors enters with a back up plan or exit plan, what when they will leave??

unless you think the whole bitcoin price is because a bunch of imaginary investors bought it, their imaginary exit won't have any effects on anything!
it is a market we are talking about and there is demand from a lot of different sources, from multi millionaires like Warren Buffet, to newbie investors buying $10 worth of bitcoin. the total result of millions of investors make the current price.

piter66

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So I was correct all this while, I know it can only be the work of a whale to cause a growth by $1000 in bitcoin price within 30 minutes, but we don't really know their full intentions for making the purchase z it is either that want to make use of the bitcoin for a good purpose or theyjust want to pump the price of the coin in other to make huge profit then dump again.

so_stupid

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Bitgesell (BGL) Decentralized Cryptocurrency!

finally we have waited for this! Prepare your chairs! We fly to the moooooon !! Cheesy

pootutus

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The encryption market thinks that many big organizations are going to enter the market, of course they are not going to get in at a very high price. Maybe they are already in. In the past few months, there must be a whale collecting chips. If you are a long-term investor, you don't have to go up and down in the short term, let's go on. Hold our bitcoins.

THATBTC

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Quote from: Xester on April 13, 2018, 06:54:23 AM

Quote from: Divinityxd on April 13, 2018, 06:48:45 AM

Bitcoin experiences the biggest 1 hr volume in BTC history

Yesterday, the bitcoin price registered a huge gain of $1,000 in just an hour. From $6,800, the prices got up to $7,800 for the first time in about two weeks. The crypto enthusiasts are surely elated, hoping that this might signal the bullish trend in the crypto market.

Not just bitcoin, other cryptocurrencies including Ethereum, Ripple, Dash, and Litecoin also gained in double digits. Coming onto what caused this rise, experts believe there are several factors driving this rally.

For quite a long time, bitcoin has been experiencing a cold weather. Bitcoin has always been volatile, since its inception in 2009, the crypto has gone through extensive up and downs. After hitting its all-time high at $20,000 in December, last year, bitcoin has been continuously sliding. Having said that, the sudden price rise of more than $1,000 in less than 24 hours has been unprecedented.

However, even after the rise bitcoin price is 60 percent lower from its peak and a good 44 percent lower than at the beginning of the year. The surge was driven by the biggest one-hour trade volume in the history of bitcoin. This points out the fact that the rise has been due to speculative positioning.

Experts believe the surge has been the result of institutional investors with huge funds in their pockets. According to a senior market analyst, Mati Greenspan, this is what has happened and will continue to happen.

Read more: https://coingape.com/reason-behind-bitcoin-price-surge/

The expected bitcoin pump will start on April 18 and up but this is really unprecedented that the pump occurred yesterday. It may be eventually the work of an institution with a huge amount of money. He probably doesnt want to be late on the price increase since there is a possibility that somebody will move before him. In order to buy more bitcoins he did not hesitate to buy a huge volume so early this time.

Yep, this is the most probably

Za1n

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Quote from: Divinityxd on April 13, 2018, 06:48:45 AM

Experts believe the surge has been the result of institutional investors with huge funds in their pockets.

Experts, ehh? I then assume those same experts bought in just before the rise and made a nice profit of $1000 per BTC then?

Sounds just like all those expert economists who are so good at their job instead of sailing around the world in their 150 foot yachts they sit around on talk shows in their cheap suits trying to tell everyone what is going to happen. The best advice is usually to do the exact opposite of what these so called experts tell you. They are always 100% right after an event but maybe only 5% before. This is like a weatherman after predicting sunny sky's the day before, reporting that there must have been some strong winds in that storm due to all the uprooted trees all over town.

sindikat

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Large speculative capital is now entering the cryptocurrency market. I expect that the price of bitcoin will rise for several years and after it reaches the maximum about which we can not even imagine everything will collapse. It will not be the end of bitcoin. But a lot of people will lose their savings due to lower prices.

spadormie

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Quote from: Xester on April 13, 2018, 06:54:23 AM

The expected bitcoin pump will start on April 18 and up but this is really unprecedented that the pump occurred yesterday. It may be eventually the work of an institution with a huge amount of money. He probably doesnt want to be late on the price increase since there is a possibility that somebody will move before him. In order to buy more bitcoins he did not hesitate to buy a huge volume so early this time.

So we can expect a pump on April 18? Sweet! This would be a great thing for all of us. Bitcoin might just explode easy up to 20k or so. And let's just say that this is the beginning. I am expecting more and more from crypto after the first pump Cheesy

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Omosomofa

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Don't regret for taking late decision on getting some of the crypto coins. The whole cryptocurrency market has been rising and reached $300 billion dollars..Some coins were booming 10% - 148% in the last 24 hours and we are seeing a very positive trend in the marketplace. Bitcoin itself has risen in price by $1,000 in just 1 hour today.It's been said that Bitcoin can go up to $40K by the end of 2018...This is the year of Cryptocurrencies boom! Companies like IBM and many others are adopting cryptocurrencies. Even all future public services will be on the Blockchain as Governments are embracing cryptocurrencies.All this if you know how to take advantage of cryptocurrencies, buy the right ones and hold or trade, then you will massively amass a fortune in Bitcoins. Take advantage of this moment.

Al-e_x

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the bullish market is coming soon, and the bearish will end, say goodbye to the panic seller, we still staying with bitcoin to the moon.

bitcoin always gives surprises, and this is one of the reasons I'm interested in bitcoin.

hodlftw

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Santa Coin

I knew the rise was quick but I wasn't aware of the fact it was the biggest rise in 24 hour period. That alone changes my outlook on the next couple of months. Not 100% bullish at this point but it makes me lean closer towards it, and if I see another couple of green days I will fully embrace the bull run then. I also didn't consider the tax season aspect either, very informative article thanks OP.

spyerf

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Quote from: syaripudin on April 13, 2018, 07:36:58 AM

yes, I see the current movement in the crypto market looks increasing and this can be seen from all crypto not just bitcoin but on ETH and also other coins. if that is what causes the current price increase crypto is due to the entry of investors who have large capital of course this is good news and bullish trend will return like some time ago and will be back at start from now.

this is good news for all holders. all returned to the market. and this proves that bitcoin is still a great place to invest.

syaripudin

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yes, I see the current movement in the crypto market looks increasing and this can be seen from all crypto not just bitcoin but on ETH and also other coins. if that is what causes the current price increase crypto is due to the entry of investors who have large capital of course this is good news and bullish trend will return like some time ago and will be back at start from now.

Pelevelyl

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Do you know what the experts ' problem is? That in their opinion it is impossible to earn because it is always expressed when it all happened.

Divinityxd

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Quote from: fortunecrypto on April 13, 2018, 06:55:07 AM

So they are getting in now, I hope with their entry many more will follow and hopefully they will stay for good, Cryptocurrency really needs this kind of investors, without them Bitcoin and other cryptocurrency will have a long bear trend.

institutional investors enters with a back up plan or exit plan, what when they will leave??

alyssa85

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Quote from: Divinityxd on April 13, 2018, 06:48:45 AM

Experts believe the surge has been the result of institutional investors with huge funds in their pockets. According to a senior market analyst, Mati Greenspan, this is what has happened and will continue to happen.

Nah - they're not "investing". What is happenening is that bitcoin is now a commodity that you get into in times of crisis. Look at what else is rising - gold and oil. That's all down to Syria, except some investors think bitcoin is a hedge against dangerous times too.

aardvark15

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This increase is probably due to a combination of investors waiting for a bottom to start buying and secondly having a few days without any significant bad news about Bitcoin or cryptocurrencies.

One could argue that the markets may not have seen the bottom yet, but the bottom is partly controlled by investor sentiment, so maybe that’s as low as it will go.

At some point a recovery has to begin, and this may be where it starts.

BrewMaster

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Quote from: Divinityxd on April 13, 2018, 06:48:45 AM

Bitcoin experiences the biggest 1 hr volume in BTC history

whoever made this claim has never looked at bitcoin history ever!
this volume was not even close to the biggest volume in the history of bitcoin.

Quote

Not just bitcoin, other cryptocurrencies including Ethereum, Ripple, Dash, and Litecoin also gained in double digits. Coming onto what caused this rise, experts believe there are several factors driving this rally.

for altcoins the only reason is following bitcoin, nothing more!

Quote

After hitting its all-time high at $20,000 in December, last year, bitcoin has been continuously sliding. Having said that, the sudden price rise of more than $1,000 in less than 24 hours has been unprecedented.

this wasn't a big deal though. this $1000 was simply a 14% rise. again if the author had seen history of bitcoin he wouldn't have thought of it as a big deal. which makes me believe this so called "analyst" is just another internet troll.

Quote

Experts believe the surge has been the result of institutional investors with huge funds in their pockets. According to a senior market analyst, Mati Greenspan, this is what has happened and will continue to happen.

institutional investors have been investing in bitcoin with huge funds in their pockets for a long time now. it is not something new. so no this rise had nothing to do with them.

Denker

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Oh another "expert" again who knows what's going on.
Well then let's go all in right?! Roll Eyes

No no no of course that's not how it works with Bitcoin. Forget what these kind of guys have to say.
I would say he doesn't know more then we do. Therefore he also has no idea what's going to happen with the price next week or next month.
As long as there are no clear signs for a reversal I wouldn't give a damn about such articles.

fortunecrypto

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So they are getting in now, I hope with their entry many more will follow and hopefully they will stay for good, Cryptocurrency really needs this kind of investors, without them Bitcoin and other cryptocurrency will have a long bear trend.

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