Pages:
Author

Topic: Bitcoin price increases 1000$ in 10 minutes - why? - page 2. (Read 767 times)

legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
Any idea where the 1000$ in 10 minutes came from??
In crypto market these type of pump is very normal and everywhere have been occuring everyday.Though the price increased 1000$ in very short period but its only 10% in percentage.So its normal i think.
legendary
Activity: 1232
Merit: 1091
I think it's the moment that whales and sharks are trying to play the pump and dump games. Just imaging , if you have 1 Bitcoin, your profit will be 1000$ in 10 minutes. So what happen if you have 1000 Bitcoins ?

Then you obviously made $1 million, but that's only if you manage to unload 1000 BTC at such levels, which isn't all that easy with how thin order books are. On top of that, there is always whale above whale, so even if you unload these coins to scoop up the profits, the market might still be pumped up further by other market movers. The whole point of unloading that many coins as whale is that you must be sure of yourself that the price will go down further. If it isn't due to your own manipulation, then it should be a looming correction. It's not as easy as it may seem to people here. Shorting this market at current stage is never a wise choice....
member
Activity: 331
Merit: 10
StartFi
I think this is inevitable. Because there is a lot of positive information with bitcoin. The bitcoin market has grown again. Investors are trying to buy as much bitcoin before it goes up too high. The demand for bitcoin buyers a lot led to a $ 1000 incremental bitcoin price in 10 minutes. I hope the bitcoin will increase even more.
No i don't think that huge fluctuation is cause of the buying orders of investors at all. I think it's the moment that whales and sharks are trying to play the pump and dump games. Just imaging , if you have 1 Bitcoin, your profit will be 1000$ in 10 minutes. So what happen if you have 1000 Bitcoins ?
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
I think this is inevitable. Because there is a lot of positive information with bitcoin. The bitcoin market has grown again. Investors are trying to buy as much bitcoin before it goes up too high. The demand for bitcoin buyers a lot led to a $ 1000 incremental bitcoin price in 10 minutes. I hope the bitcoin will increase even more.
member
Activity: 168
Merit: 10
Any idea where the 1000$ in 10 minutes came from??
You can see that yesterday's bitcoin price spiked up to $ 1,200 in just a few minutes, indicating that bitcoin prices are getting inflated, I believe that's a big concern, as Capitalism does not increase but bitcoin prices so strong you should be careful when trading altcoin. Altcoin is currently very volatile, there are many altcoin are pumpy if the profits are collected, you should withdraw USDT in order to prevent bad situation can occur.
jr. member
Activity: 34
Merit: 2
Any idea where the 1000$ in 10 minutes came from??
W-H-A-L-E-S
full member
Activity: 658
Merit: 103
Any idea where the 1000$ in 10 minutes came from??
Maybe some big time investors invested on bitcoin with big amount of rate you see that's what Bitcoin's worth keep increasing because we people add more and more until it gets more valuable than before it's like bidding and bidding. The expected pump is coming so better save it up for yourself.
member
Activity: 168
Merit: 10
I think that the growth of bitcoin is due to the fact that it is increasingly integrated into the world financial markets. The popularity of bitcoins among investors has opened the way to an increase in the correlation of the rate of the crypto currency and other assets.
full member
Activity: 2128
Merit: 180
Any idea where the 1000$ in 10 minutes came from??

A lot of Tether has been introduced in the system prior the rise, so it is likely the action of a single mega-whale. I suspect this is a classic bulltrap.

I hope that this is not a bulltrap and I believe this is the start of pumping days. There’s no specific reason for the quick pump and If one big whale did this thing I hope that he will not take profit easily.
hero member
Activity: 672
Merit: 500
A lot of non sense replies here.

The reason why it went up $1000 almost instantly is due to a short squeeze.

Basically shorts were at an all time high at 40K BTC shorts and since they mostly shorted near the bottom an short squeeze was very possible.

After the short squeeze about 15K BTC had to be covered at a loss hence price kept rising.

Yes. I think same. Whales saw all time high number of shorts. Maybe they bought 10.000 BTC at market price until 7500 USD and later to 8100 USD it was shorts covering.

It was a very well played action
There is no doubt in this that whales play very well with the whole digital market. They decide the future of bitcoin and all altcoins. Basically, altcoins depend on bitcoin and whatever happens to the king, its reflection can be seen in the whole kingdom. The present dip is also an outcome of decision made by big investors. But it is pretty much okay because they are not hurting bitcoin.
sr. member
Activity: 630
Merit: 257
Any idea where the 1000$ in 10 minutes came from??
Bitcoin’s value has been lower for a long time than what it should be. This is probably the main reason for its sudden jump. Also such fluctuations are quite normal with Bitcoin as it is highly volatile. There can be many possibilities for this sudden rise. May be Bitcoin is coming back to its real worth. Or manipulations could be responsible for this unexplained rise. So they may dump at a higher price.
full member
Activity: 479
Merit: 103
Any idea where the 1000$ in 10 minutes came from??

A lot of Tether has been introduced in the system prior the rise, so it is likely the action of a single mega-whale. I suspect this is a classic bulltrap.
newbie
Activity: 13
Merit: 0
I read a post in telegram analyzing the big candle. The speculation was Bitmex traders kept shorting and had stop losses that kept triggering higher as the price rose. Any thoughts on that? I still don't completely understand it.
full member
Activity: 420
Merit: 110
There can be two reasons as to it. May be the bearish phase is just going to end and the bulls are taking control over the market or maybe atleast trying to take control over the market. Maybe it was just a pump by the whales because I saw a great volume spike immediately when this big candle was formed in btc. Moreover that day I heard that muslim sharia law declared bitcoin and crypto as halal maybe lots of sheikhs did put in their money in cryptos making it pump that much. Its crypto you just don't have reasons for every rise and fall.
member
Activity: 392
Merit: 10
Any idea where the 1000$ in 10 minutes came from??
You can see that today bitcoin prices are booming extremely strong, the strong recovery of bitcoin has made the market become more exciting and there are many signs of prosperity. Bitcoin prices will likely continue to increase. I think bitcoin prices are soaring because of the war and the rioting between America and Russia.
newbie
Activity: 177
Merit: 0
Any idea where the 1000$ in 10 minutes came from??

I don't have idea why bitcoin in past year increase very fast and l believe that will the same happy now. For the expectations of everyone be granted by this month. This
member
Activity: 233
Merit: 10
This is due primarily to the positive news background as well as the opening of registration on the largest exchanges for new users. In addition, in spring, bitcoin always grows)
jr. member
Activity: 85
Merit: 5
Guys, we've been waiting for the bullish break for weeks. I've seen on CoinDesk that there might even be a 8.5k break in the next few hours/couple of days. And I'm also regreting I didnt buy more BTC yesterday.

Coindesk, just like all other sites, just rides the market as it comes. In other words, if today the market seems to be going down slightly, they expect it to go down further. If the market goes up slightly, they expect it to go up further. It's pointless to focus on this shitty and unreliable external "analysis". In this market the most important thing is that you for yourself should figure out or at least try to figure out what might happen, from where you then plan your next action. It was last week where I have seen several sites state that the market needs to dip to $4000 in order to force through a strong rebound.... Where are they now? They are rooting for a further increase now. Cheesy

Actually you do make a lot of sense. I guess you're right, I'll keep what you said in mind Smiley
sr. member
Activity: 700
Merit: 275
I think this is related to this news

https://bitcoinchaser.com/news/indian-exchange-coinsecure-hacked?

where Indian exchange Coinsecure’s funds hacked and a total of 438 BTC were transferred to an address that is not under the control of the exchange. The stolen funds amounted to almost 3 million USD.
This is the reversal effect of the market and a transient pumping signal also indicate. According to sources that t this heist is an exit strategy, following in the footsteps of Mt Gox to get liquidated.

No I dont think that this is true. I mean the news is true no question about it, but it has got nothing to do with the current pump of the market. This is not because:

- BTC were stolen and transferred to another address which means they were just transferred from one point to another point in the blockchain node!
- This wil never pump the prices because the amount of fiat money remains the same throughout the chain.
- This pump is clear cut result of huge money being poured into the market and nothing else.
- The hacked bitcoin if were transferred and converted to the fiat (dumping) then it could have gotten the reverse effect on the whole thing.
full member
Activity: 364
Merit: 100
A lot of people just toke short positions and set stop on 7000$ somebody 7500$ and finally 8000$ somebody just killed all short positions in 30 minutes .
Pages:
Jump to: