Why have you bumped this old thread with your rubbish comment.
I've put you on ignore, so no merit from me ever, and I've reported it as a necro-bump.
Topic: bitcoin price is going up now. Why? what going on? i need 411 please. (Read 2807 times)
February 23, 2018, 09:49:42 AM
February 23, 2018, 09:36:32 AM
It's unknown what exactly caused the rise and fall and rise again of the currencies, but Bitcoin and the like are known for being particularly volatile, meaning there’s no real way of knowing if it's prospering or about to take a nose dive into the black.
March 04, 2015, 06:37:41 PM
today I check the value for Bitcoin the price is going up. so I want to know if anyone on here can tell me what's really happening with the market why the price is going up. Did the cryptocurrency pass the test or overcome the price dropping storm. give me the 411 guys
the 411 = because it is....that's it.
My friend said bitcoin price up because KimDotCom
https://twitter.com/KimDotcom/status/571529634069626881
https://twitter.com/KimDotcom/status/571182813937971200
but i am not sure about that
March 04, 2015, 06:26:24 AM
We're still in a phase where a lot of money is coming into BTC, that's driving the price even more - next to the speculation that's going on. Some call this a ponzi, but it's none. It's just the way Bitcoins are being distributed. The next block-halvings are going to be sweet, man!
The only people that complain about bitcoin being a ponzi are those that don't understand it. The fact that it is volatile and those speculating on it can lose or gain money doesn't mean it is a scam. You can call the housing or the stock market a scam if that's the case.
The only people that complain about bitcoin being a ponzi are those who are insanely jealous of the ones who bought in 2010, 2011.
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March 04, 2015, 04:40:27 AM
I agree there seems to be renewed interest and more people are joining. A very simple check would be new user signups to this forum. That's just a small sampling but enough to get a glimpse of sentiment. Feb has over 34 k signups.
https://bitcointalk.org/index.php?action=stats
https://bitcointalk.org/index.php?action=stats
I think this is actually a very good indicator! Sure, it's no proof, but what is? PoW is, haha
It's like Google trends, it correlates with the bubbles. And March really had a lot of new members!This is very surprising, actually - for a while I was tracking this and, like you said, the signups could roughly correlate with the google trends (which typically lags a bit behind price), but there have been very high numbers in January and February, while the overall interest on Google trends has stagnated.
Excited for the next few months!
Those monthly stats will be very misleading. We've been hit by thousands of spambots over the last couple of months. I alone have likely nuked hundreds. I think actual/real-life sign-ups to the forum have dwindled slightly but will pick up with any excitement or good news.
March 04, 2015, 04:26:44 AM
We're still in a phase where a lot of money is coming into BTC, that's driving the price even more - next to the speculation that's going on. Some call this a ponzi, but it's none. It's just the way Bitcoins are being distributed. The next block-halvings are going to be sweet, man!
The only people that complain about bitcoin being a ponzi are those that don't understand it. The fact that it is volatile and those speculating on it can lose or gain money doesn't mean it is a scam. You can call the housing or the stock market a scam if that's the case.
March 03, 2015, 07:11:58 PM
I am more interested in "give me the 411 guys". What does that mean?
Int the USA 411 is the number you use to get directory assistance. 411 = Information. ;-)
I'm from Europe.
March 03, 2015, 07:07:53 PM
people seem to forget to mention about those stolen coins, they could be sold at any time so we gotta remember that. I'm sitting here with fiat, wondering to myself if I buy now, will the coins be sold off? Additionally, we have the auction to worry about. Is this in hopes of preventing a further price drop?
don't worry too much about stolen coins. all they did was move from fools hands who kept money on exchange to smart hands who will hold most until everything blows over. dumpers will sell slowly to maximize their thefts value.
March 03, 2015, 05:30:03 PM
Here's the 411:
After a long slide and touching the bottom at 156 (very briefly), and consolidating at around 200-230, the market has finally turned around. The long bear phase is over and the bulls now rule.
We may not "rocket" to the moon, but we are solidly gaining ground, bit by bit.
2015 is, so far, turning out to be the mirror image of 2014.
After a long slide and touching the bottom at 156 (very briefly), and consolidating at around 200-230, the market has finally turned around. The long bear phase is over and the bulls now rule.
We may not "rocket" to the moon, but we are solidly gaining ground, bit by bit.
2015 is, so far, turning out to be the mirror image of 2014.
Perfect analysis.
Hopefully 2015 ends up just like 2013. I would be very happy with a bubble in April and November.
March 03, 2015, 04:39:23 PM
today I check the value for Bitcoin the price is going up. so I want to know if anyone on here can tell me what's really happening with the market why the price is going up. Did the cryptocurrency pass the test or overcome the price dropping storm. give me the 411 guys
the 411 = because it is....that's it.
March 03, 2015, 03:34:29 PM
Maybe China un-banned bitcoin.
March 03, 2015, 03:31:00 PM
Since nobody mentioned it, the GBTC announcement probably has investors buying in because they expect a small bump.
March 03, 2015, 12:32:16 PM
I agree there seems to be renewed interest and more people are joining. A very simple check would be new user signups to this forum. That's just a small sampling but enough to get a glimpse of sentiment. Feb has over 34 k signups.
https://bitcointalk.org/index.php?action=stats
https://bitcointalk.org/index.php?action=stats
I think this is actually a very good indicator! Sure, it's no proof, but what is? PoW is, haha
It's like Google trends, it correlates with the bubbles. And March really had a lot of new members!This is very surprising, actually - for a while I was tracking this and, like you said, the signups could roughly correlate with the google trends (which typically lags a bit behind price), but there have been very high numbers in January and February, while the overall interest on Google trends has stagnated.
Excited for the next few months!
March 03, 2015, 11:16:38 AM
I agree there seems to be renewed interest and more people are joining. A very simple check would be new user signups to this forum. That's just a small sampling but enough to get a glimpse of sentiment. Feb has over 34 k signups.
https://bitcointalk.org/index.php?action=stats
https://bitcointalk.org/index.php?action=stats
I think this is actually a very good indicator! Sure, it's no proof, but what is? PoW is, haha
It's like Google trends, it correlates with the bubbles. And March really had a lot of new members! March 03, 2015, 11:05:44 AM
I agree there seems to be renewed interest and more people are joining. A very simple check would be new user signups to this forum. That's just a small sampling but enough to get a glimpse of sentiment. Feb has over 34 k signups.
https://bitcointalk.org/index.php?action=stats
https://bitcointalk.org/index.php?action=stats
March 03, 2015, 10:41:12 AM
We're still in a phase where a lot of money is coming into BTC, that's driving the price even more - next to the speculation that's going on. Some call this a ponzi, but it's none. It's just the way Bitcoins are being distributed. The next block-halvings are going to be sweet, man!
March 03, 2015, 10:28:52 AM
Price goes down people ask "why is this happening?". Response: nobody knows.
Price goes up people ask "why is this happening?". Response: nobody knows.
This is just bitcoin for you. Sometimes it goes up, sometimes it goes down but it's always just supply vs demand.
Price goes up people ask "why is this happening?". Response: nobody knows.
This is just bitcoin for you. Sometimes it goes up, sometimes it goes down but it's always just supply vs demand.
Well I gotta say I'm always amazed that there are people who keep asking how the price of a single Bitcoin is being determined. They think there's some central algorithm in place.
I'm amazed people think there is an answer other than people are buying coins for more or less (delete as applicable) than they was before. People just really seem to want to correlate the change in price to some sort of news but I believe this is because they believe in fud and the excuses people give for the fall or rise - oh it's because china/silk road/mt gox/rumour I heard/my auntie etc.
March 03, 2015, 10:23:14 AM
Price goes down people ask "why is this happening?". Response: nobody knows.
Price goes up people ask "why is this happening?". Response: nobody knows.
This is just bitcoin for you. Sometimes it goes up, sometimes it goes down but it's always just supply vs demand.
Price goes up people ask "why is this happening?". Response: nobody knows.
This is just bitcoin for you. Sometimes it goes up, sometimes it goes down but it's always just supply vs demand.
Well I gotta say I'm always amazed that there are people who keep asking how the price of a single Bitcoin is being determined. They think there's some central algorithm in place.
March 03, 2015, 10:19:42 AM
Price goes down people ask "why is this happening?". Response: nobody knows.
Price goes up people ask "why is this happening?". Response: nobody knows.
This is just bitcoin for you. Sometimes it goes up, sometimes it goes down but it's always just supply vs demand.
Price goes up people ask "why is this happening?". Response: nobody knows.
This is just bitcoin for you. Sometimes it goes up, sometimes it goes down but it's always just supply vs demand.
March 03, 2015, 10:09:44 AM
Price has been very very very resilient over the past few weeks, more and more TA indicators are turning "green", and bears/shorters get tired of the sideways movement. Traders like movement, and if the price doesn't want to go any lower, they just accept the fact and get back on the rocket up!
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