Bitcoin rising to 600$ , pure manipulation ? - page 9.

Romanko

sr. member

Activity: 325

Merit: 250

Bro Harvest is here) just enjoy))
Of course traders have their hands on the 25$ bump Wink

As for price and news making factor - No bad news is enough not to spoil the natural growth of BTC.
Many of miners and those who invested in BTC before Bitfinex crashed were waiting for a 600$ price.
And now back to school) and back to business!
The time is just right!

Denker

legendary

Activity: 1442

Merit: 1016

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.

Why do rises always must have to do something with news?
We had been in a triangle and now close to the end of it the market decided to move up a bit.
Don't try to make things more complicated as they are.
It's simple buy and demand.Furthermore on the big timeframes the trend was/is bullish since last years' rise.
So what you felt as a bearish and stagnant sideways trend was/is probably only the correction/consolidation of this bullish trend.
Once again: it's just the market!!!

newcripto

hero member

Activity: 728

Merit: 500

It seems normal movement and nothing serious thing at the moment. This is typical Bitcoin's style change in price with few dollars up and when goes down same much drops too. It can be a movement to draw the attention of investors by showing them some confidence in market. It is good in my opinion whatever the reason is behind this recent increase , really doesn't matter for me.

john2231

hero member

Activity: 924

Merit: 1001

I think its just a normal maybe there is group of traders or whales are planning to increase the price and to attract people to buy bitcoins again and those whales will planning to sell when the price of bitcoin will increase more high after they increase the price in this level.

Pierre 2

legendary

Activity: 2436

Merit: 1366

I don't see a big difference than regular volatile.
Bitcoin's pretty much stabilized nowadays so its not even open to big manipulations.

klf

legendary

Activity: 1344

Merit: 1000

Quote from: 1Referee on September 04, 2016, 04:01:00 AM

It's just an out of nothing increase. That's why I don't understand why certain people directly think the price will hit $700 again, or even a new ATH. These kind of increases mostly don't last very long. Looks like Bitfinex was the first to initiate the increase where then Chinese exchanges followed with a massive green candle.

5% of increase or decrease in a day for bitcoins no need of any big news because it is common in bitcoin trading. For you 30$ may be more, but when we look at 5% then it is not so big for bitcoins. Just someone might have brought more compared to sellers yesterday and which might have created demand for bitcoins and price went up. I don't know how long it may survive at that price.

1Referee

legendary

Activity: 2170

Merit: 1427

It's just an out of nothing increase. That's why I don't understand why certain people directly think the price will hit $700 again, or even a new ATH. These kind of increases mostly don't last very long. Looks like Bitfinex was the first to initiate the increase where then Chinese exchanges followed with a massive green candle.

Edwardard

hero member

Activity: 1050

Merit: 681

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.

the same question arose in my mind but its nothing much surprising as bitcoin is known for such sudden increase or decrease in the price with no major reason. so we should just enjoy and dont waste our time thinking about why did the price rise so suddenly. btw, the only one reason i can think and want to share with you is maybe the price is increasing due to the halving effect. remember that day when all were saying that the effect of halving can be seen in a few months ? if it is true then we can see 700$ in a few months or sooner. getting very excited!

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: Xester on September 04, 2016, 03:36:32 AM

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.

For whatever reasons it is it may possibly due to the growing need for bitcoins. Many are joining the community and many online businesses have opened. Many exchangers and platforms have opened. But for me it doesn't really matter as long as the price keeps increasing I will enjoy it and I will ear more cash from selling my bitcoins.

We don't know yet the reason it happened, but we are happy with the increasing since the price has stable around 570 for a while. Just looking for the speculation about it, but didn't find out yet. I agree that it maybe related with new exchangers opened and adoption of bitcoin increase worldwide.

Xester

hero member

Activity: 994

Merit: 544

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.

For whatever reasons it is it may possibly due to the growing need for bitcoins. Many are joining the community and many online businesses have opened. Many exchangers and platforms have opened. But for me it doesn't really matter as long as the price keeps increasing I will enjoy it and I will ear more cash from selling my bitcoins.

mindrust

legendary

Activity: 3276

Merit: 2442

It seems so. Don't worry though it is getting back to the point where it was before. That pump may have something to do with the recent polls about the elections. Donald has a lead against killary again. That may caused a panic among the USD holders. Personally, I would buy more USD after hearing those news. :d

OmegaStarScream

staff

Activity: 3500

Merit: 6152

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.

Topic: Bitcoin rising to 600$ , pure manipulation ? - page 9. (Read 7982 times)