Bitcoin rising to 600$ , pure manipulation ? - page 5.

lumeire

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Quote from: rektDude on September 16, 2016, 04:05:47 PM

I do not think its a manipulation, its just that we need some time to go more up, right now we will stay around this number and go higher in about a few months.
I really have faith in the bitcoin and it has a good future so keep patient people.

You can say it's 'partly' manipulated. We all know people/organizations who have stashes that when disposed off in chunks could destabilize our economy.

But yeah, that aside, I kinda have a feel that this level is natural too.

abugseuf

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Quote from: bajing on September 15, 2016, 09:53:33 AM

I don't think the current price is the result of manipulation might look like it but we have to think the current price is the most fair for the miners cover the cost of electricity.

yes i am also agree with you, i also think that the price of bitcoin is really not the effect of manipulation because it is not so easy to manipulate the price of bitcoin, because it is not a legal currency, it is really a universal currency, i will like to say that the price of bitcoin was effected by the bitfinex hacking and now the price is going to recover its previous position..

rektDude

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I do not think its a manipulation, its just that we need some time to go more up, right now we will stay around this number and go higher in about a few months.
I really have faith in the bitcoin and it has a good future so keep patient people.

MyBTT

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Or maybe the community is gaining more confidence in bitcoin Shocked

What did you think, bitcoin will stay at $570 for the rest of the year? I remember at the start of the year bitcoin jumped from 500-600 in mere days.

praprata

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Quote from: DomesticTrader on September 15, 2016, 10:29:15 AM

This is not manipulation this is because alot of people are buying into bitcoin hence the price increase. But it dropped already because alot of people panic sell trying to grab the littlest profit that they can which is dumb because we are going to be set back again because of this.

I am not sure it is all about people buying bitcoins. For some reason I am certain some whales try to get the price as high as they can.
Probably the miners since when the prices goes down too much they may well close their shop and lose millions.

randy8777

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Quote from: bajing on September 15, 2016, 09:53:33 AM

I don't think the current price is the result of manipulation might look like it but we have to think the current price is the most fair for the miners cover the cost of electricity.

wealthy traders don't care about miners when they pump or dump bitcoin. all they care about are their profits. the price right now is just recovering from the bitfinex dump. just before the dump started the price was around the $650 price level. so were on the right way now.

DomesticTrader

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This is not manipulation this is because alot of people are buying into bitcoin hence the price increase. But it dropped already because alot of people panic sell trying to grab the littlest profit that they can which is dumb because we are going to be set back again because of this.

macedoniantable

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It is steadily rising so I don't think it has anything to do with price manipulation.
If it was spiking upwards then I would think it could be.
But as far as it is now no.

bajing

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I don't think the current price is the result of manipulation might look like it but we have to think the current price is the most fair for the miners cover the cost of electricity.

Wind_FURY

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Quote from: OmegaStarScream on September 04, 2016, 03:05:19 AM

12 hours ago (before I go to sleep) , the price was something like 575$ If I remember right , I woke up and found it 600$ (using preev.com rates) .
What could cause this price increase ? I checked some news websites and I couldn't find any obvious reasons , the only thing I read and I found interesting is Bitfinex paying their customers back from the HACK but I'm pretty sure It has nothing to do with the increase.

No one really knows why. Some will say that it was because Bitcoin's volatile nature, others would cite political or economic reasons, then some would base it on recent events. Most of you have followed Bitcoin long enough to know that none of the reasons said is the exact reason why Bitcoin moves the way it does. So saying that you think it was caused by "pure manipulation" could be true or not true just like all the other reasons.

aesma

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Quote from: OmegaStarScream on September 14, 2016, 11:40:09 AM

Quote from: xIIImaL on September 14, 2016, 10:58:31 AM

Quote from: martinacar on September 14, 2016, 06:59:05 AM

I want the Bitcoin price to reach $1000 soon, I thought that it was going to happen the last the Bitcoin was rising but it only made it to $800.
Next I time I am sure that it is going to reach $1000.

Don't worry bro, As we see many speculations It's just stating that bitcoin price will upto 1000$ this December month and stability we can't say that. Future halving will big price and almost bitcoin will become the one of the best around the world tht time.

Isn't that the same thing everyone was saying before the halving block reward of July 2016 happens ? and as you can see , nothing really happened to the price . So yeah , I'm not sure what would change in the upcoming halving .
Miners should be the one who control the price as they are the one generating Bitcoins , I assume they are satisfied with the current earnings.

Are gold mines in control of gold price ? I don't think so.

HarryKPeters

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Quote from: virasog on September 14, 2016, 01:37:01 PM

Two months ago it was $400 and now its $650; sure there are drops but there are not really that huge.

Two months ago the price was 650, and now it is 611.
So now after the hack the price has recoped quite a lot. We just need 40 dollar and we got a price we can embrace; both bulls as bears.

virasog

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Two months ago it was $400 and now its $650; sure there are drops but there are not really that huge.

crairezx20

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Quote from: xIIImaL on September 14, 2016, 10:58:31 AM

Quote from: martinacar on September 14, 2016, 06:59:05 AM

I want the Bitcoin price to reach $1000 soon, I thought that it was going to happen the last the Bitcoin was rising but it only made it to $800.
Next I time I am sure that it is going to reach $1000.

Don't worry bro, As we see many speculations It's just stating that bitcoin price will upto 1000$ this December month and stability we can't say that. Future halving will big price and almost bitcoin will become the one of the best around the world tht time.

For now there still no sign that the price of bitcoin will increase more and hit the 1k value. .this is a long time ago that we are still not experience 1k value like past 2013 people who live and holding a lots of bitcoin there are lucky that they already know about bitcoin in that time.

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Quote from: bitjoin on September 14, 2016, 11:09:41 AM

If the cost of the casual miner is around $600 then i think the price is fair. The pro miners will always have to make profit. I say we sit here until there is a reason to go up.

the big miners always steal to the casual miner by adding more units, and do war between themselves, you can't play with them they are too far ahead with their hashpower

OmegaStarScream

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Quote from: xIIImaL on September 14, 2016, 10:58:31 AM

Quote from: martinacar on September 14, 2016, 06:59:05 AM

I want the Bitcoin price to reach $1000 soon, I thought that it was going to happen the last the Bitcoin was rising but it only made it to $800.
Next I time I am sure that it is going to reach $1000.

Don't worry bro, As we see many speculations It's just stating that bitcoin price will upto 1000$ this December month and stability we can't say that. Future halving will big price and almost bitcoin will become the one of the best around the world tht time.

Isn't that the same thing everyone was saying before the halving block reward of July 2016 happens ? and as you can see , nothing really happened to the price . So yeah , I'm not sure what would change in the upcoming halving .
Miners should be the one who control the price as they are the one generating Bitcoins , I assume they are satisfied with the current earnings.

bitjoin

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If the cost of the casual miner is around $600 then i think the price is fair. The pro miners will always have to make profit. I say we sit here until there is a reason to go up.

xIIImaL

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Quote from: martinacar on September 14, 2016, 06:59:05 AM

I want the Bitcoin price to reach $1000 soon, I thought that it was going to happen the last the Bitcoin was rising but it only made it to $800.
Next I time I am sure that it is going to reach $1000.

Don't worry bro, As we see many speculations It's just stating that bitcoin price will upto 1000$ this December month and stability we can't say that. Future halving will big price and almost bitcoin will become the one of the best around the world tht time.

martinacar

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I want the Bitcoin price to reach $1000 soon, I thought that it was going to happen the last the Bitcoin was rising but it only made it to $800.
Next I time I am sure that it is going to reach $1000.

Zadicar

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Quote from: talkbitcoin on September 10, 2016, 11:06:00 PM

Quote from: richardsNY on September 10, 2016, 10:35:06 PM

Quote from: Mr.grin on September 10, 2016, 09:20:44 PM

I think it is a normal thing and I was not as manipulated. This is a pure price increase. however, would be different if bitcoin prices suddenly rose to $ 1,000 in a short time, because most likely it is manipulated. but if bitcoin prices climbed above $ 600, I think it is normal due to the increased use of bitcoin

The price that has gone above the $600 level has nothing to do with increased usage. It's part of the recovery after everything that happened with Bitfinex. Slowly the price will move forward to the price levels it was sitting on before Bitfinex got hacked. From there we will see whether or not the price will continue to go up.

the rise has started because of the increased using of bitcoin, there was a demand so the price could rise up in the first place. so that same demand is now still here and helping the rise back to the previous levels.

In just commonsense on the law of supply and demand. Bitcoins increasing price because of the demand is high which supplies are being decreased thats why the price increases gradually. This increase would somehow maintain if bitcoins adoption would progress also and many would intend to buy more bitcoin.

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