Topic: Massive Program Buy in Crypto Last Week? (15 June 2015) Start of Something Big? (Read 2121 times)

not really , i think it is only one thing plus some hype for the grexit, the first thing is the litecoin halving then the drama about the greece

a combination of those two alone can rise the price significantly, then add all the good old news about bitcoin, and you're done, you get that mini pump

usually if bitcoin rise, many who are holding many rubbish coin, get excited and start buy more of those coins that they are holding, it happened many times in the past, but this time the rise isn't so significative...

The price could of been anything honestly, everything effects its price.

Some whale, some knc miner selling most of their stuff or something, it can be anything lol. Right now its up due to greece, so when I mean everything effects its price, it just means theres a influx of demand coming from different sources all scattered.

What... LTC has skyrocketed BTC is over $260...

what the hell are you talking about..?

Bitcoin is on the rise now, despite that FIAT currencies are not low as you imagined in the anticipation of Greek Crisis. BTC price is rising and that is something that I care for.
For once I like that Bitcoin price is not linked to FIAT. It shows that bitcoin really could be a cure for countries with weak currency or in crisis.

Since from the date of your comments, it is almost one week has been passed, still there is no such bad impact occur to the any of the currencies, although Euro has pegged down to a bit, soon it will recover once the Greece problems resolved amicably.

Fiat Faith Faltering? Bitcoin Surges 12% Post-Greferendum Announcement

Chart from ZeroHedge showing how things are affecting BTC:



The rest of the story, complete with various charts showing a pretty nasty picture in fiat land, is here:



The important takeaway is how well BTC is responding in the face of these fiat problems, and just like it was designed to do.  



Add: you're probably right about China too.

Here’s a slightly longer term view of the cryptos that have rallied the most in the last month or so - 3 month charts.

There are two clear rallies that happened across the board. The fact that these short term rallies came off of lows and haven’t given much back (in the coins on this list - coins from the top 100 capitalization list that met inclusion criteria) suggests that this is not a P&D and that what we're seeing is most likely smart money coming into the cryptocurrency space, or at least into that part of the "space" that's represented by these particular coins.

That's some size money moving these 18 coins! Let's call it a rough 20 million USD on each of the main rallies (an eyeball figure spread across the 18 coins) and let's not forget the rough equivalent of 40 million that went into BTC (it did rally each time as well, but it just didn't make the filtering in order to be included on the list).

Filters used for inclusion:

• $10,000 minimum daily trading volume
• At least a 50% gain off of lows (the vast majority gained around 100%)
• Not more than 1/2 the gains given back

Very curious indeed... if one knew certian deals were going to go sour they could assume fringe investments would skyrocket.

I refuse to believe it's a pump and dump.. just WAY to much buying.. who are you going to dump it on.. the price needs to skyrocket for one to "dump"..


My bet is it was a buy up.. we will see another crash if not several more to allow for the mass accumulation of these coins then the duck tapped legs of our finacial system will be hit with a bat... they won't fail.. they will get more tape but the wealth to be made from this will be EPIC.




Martin Armstrongs waves seem to agree with shit will start in sep and get real in a couple years when we hit the bottom of the confidence model.

It is marketcap from Dic 2014 just coming  back..........................

My common sense pretty much agrees.

It's amazing to see happen.

common sense reduction

1.  the Chinese market makers went big on the most classic coins from 2012-2013 between $300k-$3M market caps.
2.  the VTC buy in seems to be a Western big money play, MAX, FTC, Zeta likely in house buy ups.
3.  Black has achieved front runner status for stakes coins as ARCh and PAY fell.

The trend continues. 1 years ago only BTC, LTC, and Ripple seemed to be viable.
Now at least 25 coins have made 'it'.  Likely 25 more for a total of 50 will be sure things 1 year from now.

After that the new stuff will be ASSET/sidechain.  No one will attempt launching new networks. Hence ownership of the top 50 coin networks will be wealth.  Angel Investors (the big boys) are starting to enter the 'Alt' game.  

There might be room for 1000s of independant coin networks but they will never attract the investment to move beyond small hobby markets.  

I think coins like BATA, WBB, and NGL 2.0 are the last 'new' networks to be seen in POW.  Stake coins are nearing an end in the launch window also.  And once platforms like START or SWARM are working you will see an evolution in how assets are created.  The devs will consolidate into teams/projects (BLOCK, UNITY, etc) and constantly seek to improve the leading 50 coin networks.  We are already at the stage were 1 dev in not enough.  Launching any new 'coin' will require a professional team of vetted talent.


edit:  VTC was a Ryan Pumper play

can confirm the trend that reliable longterm coins like DMD Diamond https://bit.diamonds got a major boost

https://www.coingecko.com/en/price_charts/diamond/btc/90_days


but while other lose as fast as gain DMD Diamond is a master in keep going upwards

for a fair comparison you should see what was the price before the increase, not one or two month before, otherwise one could say "in 2013 dogecoin price was 200 satoshi and now it's 80, so it is crash", which it look like a stupid argument

those random altcoin rising, could have something to do with the stagnation of bitcoin, traders want to play, if they cannot because the market is cemented, then they will move to another market, and what is the best if not altcoin?

June 15th is a pay day for many people. This could just be a bump from average purchasers converting some of their paycheck to their crypto currency of choice. One way to find out would be to see if this similar activity happens following the 15th of other months in this year...can anyone put a chart like that together quickly?

In May the price of doge is just 40 satoshi, and today it climbs to 80 satoshi,100% incease dramatically.

Probably crypto will go to bull! Many investors are confident to come back and hold them for the long term!

Price rise as a result of these massive purchases is real. We don't know why or who did it, but I suspect that these are not long term investments.
Cryptocurrencies are not considered stable way to invest money among many economists. I am afraid that after some short time we will see massive dump of these assets.

There were many coins that didn't participate and that did their best to just keep their heads above water . . . and a few more who had an even tougher time and couldn't do even that.

Things may be getting a bit more selective than they have been in the past. (That's the headline behind the headline I think.)

The increase happened as a result of wide range of advertisements and exposure, I expect all the cryptocoins to rise regardless of their name and strength because it is all like a chain of reactions one rise will have effect in the other either positive or otherwise.

well one is because of the halving, and because litecoin is still considered the second bitcoin, and with all the fuss about the recent drama of bitcoin, it's easy to expect some jumping in the litecoin train instead

speaking about doge, i don't see any substantial rising, it was 70 satoshi now is 80, not a big deal yet...