Topic: Bitcoin rising to 600$ , pure manipulation ? - page 6. (Read 7982 times)

From what I know personally - there is a huge, or I should say enormous demand in BTC.

Dozens of invest funds with large capital, smaller investor groups as well as private investors choose Bitcoin for investment and are seeking all available offers. No exchanger can meet that demand bcs it would drop the exchange rate = effect the BTC price.

Now is the time when cryptocurrency and related industries are overtaking the financial world with BTC star in the very center of this trend
Fiat money from all over the world is flowing into BTC.
Can anyone imagine what amounts are we talking here about?

Besides, the miners revenue is now twice smaller then before halving.
This means less BTC is brought in overturn then in last years b4 halving.

I assume at this point either some BTC mined from earlier periods will be brought in overturn or we will see a big price raise very soon.
Traders will catch up with this trend for sure

We can see now at exchangers - the price is manipulated mostly for altcoins.
Some of them pop up like a mushrooms after a good rain
from 0 to 10$ heros now there are already few of them with good trading history
very soon there will be dozens of them
exception is the LTC that is too cheap) with its nearly 4$) I am pretty sure it will pop up to 100 in a year 

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.

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.

No trader could actually predict the price on when it moves  to the desired goal price but still we could assume as of now that it would reach $680 since bitcoin is  gradually increasing as of now after  that its  being a little bit stabilize in previous weeks and now we are happy that bitcoin price is going up again.

i think you are not late . my one of friend ( big btc trader ) tols me that the price will reach to atleast $680/btc . his prediction is always goes rise . so i think you should buy se btc because at the current time price rate of btc is  about $621 .
i mean here is also a chance to get a better amount of profit .

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

Yeah, it does not matter what caused the price hike right now. Those who bought bitcoin when it crashed after the hack can now rake in some profits. And if you are one of them, you are very happy. Unless you are greedy and still wants some more profit. And those receiving bitcoin from signature campaigns have more money when they receive their pay. It is a win for those who manipulated it (if it was manipulated) and for those bitcoin traders and salary earners.

I feel it is market manipulation and honestly I don't mind it. The bitfinex did draw the price too much back which in turn was not good since we had a nice stable price above 630 dollar.
Looking at the current price i think it will go back to that value again.

the price was supposed to come back at some point and now it is the time especially since all those good traders have sold their coins on top and bought back so much more at the bottom when the price took a hit now everybody is a lot more richer and watiting for the bigger rises.

No matter what reason on the price increase of bitcoin its still a good thing to us since we like it that the price increases which really give us good profits. Maybe those news that bitfinex pay their investors  somewhat affect on the price because  for sure those investors of that site bought bitcoin.

Ya it is true but when the bitfinex hack news came the crash was $150 difference if i am not wrong, and now when the news came of they are paying back , then the price should be around above $675+ but right now the price is only $632 so i think their is no connection between this news and the price increase.

As per my view it may be like some big players are started to buy so that may be the price increase rate.

Why not? Bitfinex hack was main reason we had that price crash in the first placa. So it seems only logical than market will react positively at every sign of them recovering.

And if we apply you logic, then most bitcoin price shifts is caused by 'pure manipulation' as speculation is the nature of the game with every crypto.

In actually, no clear reason why Bitcoin price has risen, but I was reading on coindesk today that this move came after several weeks of (range-bound trading), while the market was powering up, the writer of the article expected more rises.

Most of us really dont know what circumstances that bitcoin price increases  gradually on a matter of week i guess. It stabilize itself  on $570 mark  for several weeks  then suddenly goes up its price. We dont know what happen but  same as  others think that maybe  the  need of bitcoin is increasing and  the adoption matters with this price increase.

Likely some whales buying back into the crypto now that the value has recovered a bit, it doesn't surprise me to be honest and I was expecting something like this to happen at some point. I personally believe that a lot of the value went down because a whale or two got increasingly nervous about the hack and decided to play it safe and short the market, and now they're getting their money back plus a lot of money. It's just the way the market works, and if you start with a lot of money then you can easily make more (or potentially lose some).

It could be an intentional pump or just a natural rise in demand. It's really not a huge rise. We are going to see more drops and rises just like any other investment.

That's nonsense. I'm not a manipulator. When I buy something it's because I think the price is lower than it could be. When I sell something it's either because I think it will go down, or because I need the money. I have never tried to make the price go up or down, simply because I don't have the funds to do that, like most people.

Every price movement is some sort of manipulation. That's how markets work, and I think you know that. I'm of the opinion that we shouldn't be trying to explain every little market movement, whether it's stocks, commodities, bonds, or bitcoin.  Markets are going to move as they will, and we can just hope that our market moves upward.  Most explanations of these things are pure garbage anyway.

Big mining farms who hold a lot of coins could definitely do some manipulation.
I'm not sure how much, but they could probably cause the price to move a few dollars in either direction, which give you a chance to make a lot of money if you have millions of dollars to play with.

$700-750 in the next few months would not surprise me.

It's not something impossible to do , If you check Huobi for example (the biggest exchange in the world AFAIK) https://coinmarketcap.com/exchanges/huobi/ with over +300 million dollar volume trade in the last 24 hours only ... you would know that It shouldn't be that hard for them , that volume is because of the fact that almost every big mining farm out there is on China.