Please no more dumb "why is it rising" questions - page 2.

mcplums

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Quote from: r0ach on December 11, 2015, 08:28:33 AM

Bear whales have done shit like try to push prices down as low as possible to accumulate for eons on Bitstamp.

I don't understand this, please could you elaborate on how this works.

How can a 'whale' push down prices without first pushing them up? In order for them to dump a lot of coins they have to buy a lot first. The net effect on the market will be zero won't it?

mcplums

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I agree with your sentiment that people should stop asking why it's going up, but I do not agree with your reasons.

The reason for this rally is THE SAME REASON BEHIND ALL PREVIOUS RALLIES AND ALL FUTURE RALLIES- INCREASING USER ADOPTION.

Everything else is just details. Yes there may be specific reasons why the rally happened this week and not a week before or a week later, but really it all comes down to the same thing, more people around the world are jumping on the bitcoin bandwagon.

mexxer-2

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You're wrong, its not a dumb question because some people know the answer to it, I for one do , it all because of.....

Vodoo-man

LFC_Bitcoin

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#1 VIP Crypto Casino

Bitcoin bears will become an extinct species in the future. They fight an unwinnable battle, their efforts are futile.

nanobrain

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Dumb broad

Wow, its like reading the WSJ

r0ach

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Bear whales have done shit like try to push prices down as low as possible to accumulate for eons on Bitstamp. Nobody knows what the "market value" of Bitcoin really is. The only certain thing is that after people who have pushed down the price to accumulate have finished loading up the truck, they will then reverse course and raise it.

Since 75% of coins have already been mined, there's not a whole lot of reason for bear whales to exist anymore, so now the price goes up. Maybe it's not rising. Maybe the market value of Bitcoin was actally several orders of magnitude higher than the price was and now people are letting it go there.

It's possible for it to go up an entire order of magnitude ($300 --> $3000) before the sell pressure really gets heavy enough to stop it for a while.

Topic: Please no more dumb "why is it rising" questions - page 2. (Read 2530 times)