Topic: Price going up for no apparent reason? (Read 4294 times)
The market doesn't need a reason, it's already baked in.
So, what's the general consensus for the increase in price? Gemini taking its toll on the market, China's recent influx of transactions, or just a combination of both? It's easy to say both, but I would like to hear what everyone thinks is the major cause for the bulls to be let loose.
There's been massive amounts of positive news during the bear market, so it's all stored up behind the damn once people realise they're not going to be able to buy in cheaper. Another interesting thing at the moment is Chinese devaluation in combination with capital controls, so there's trillions in hot money in Yuan wanting to get out at the moment. That said, I don't know how easy it is for people to actually buy and sell bitcoin in China these days, but today's moves are much bigger in Yuan (10%) that in US$ (5%) so that points to something.
Still hoping for a steady rise until bitcoin will reach $300 plus. This definitely has something to do with china, just take notice who is leading the bull run when in comparing the market exchange rate of bitcoin across the board?
It's just the market man. No magical unicorn reason. More people are positive than negative now, it always changes eventually.
So, what's the general consensus for the increase in price? Gemini taking its toll on the market, China's recent influx of transactions, or just a combination of both? It's easy to say both, but I would like to hear what everyone thinks is the major cause for the bulls to be let loose.
Just normal price action. Once we broke above resistance at 230, everyone saw the breakout. Miners and traders wouldnt sell at 240 if they thought the price would soon be higher. Fundmentally, people are already taking long positions ahead of the halving.
The spike over $260 was unexpected.
Have all the sellers disappeared?
Probably price wants to test the $300 level highs we hit in March and July.
Given the current strength of the bulls, I would say there's a good chance
we'll get there.
If it crosses those levels, then a bull run is confirmed.
Will be interesting to see how this plays out.
There is a reason.First news about sidechain and transfering BTC between platforms in minuits no one hoour waiting
BTC was long time accumulated on 230$.andfinally nothing is forever,even btc low price
Third reason is best reason
BTC was long time accumulated on 230$.andfinally nothing is forever,even btc low price
Third reason is best reason
Gemini is the reason
gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow
so he can dump later at 280, and cash out his profit, repeat from 230 or lower
I think you guys are a bit stuck on "the manipulator" theory. While this was true in 2012, the market is simply too large to be manipulated by individuals these days. Even back in 2012, I remember Bitpay handing it to pirate for tens of thousands of dollars one night when his manipulative efforts were discovered. I believe it was that night "the manipulator" died.
The market bubbled from $2 up to $1,050 and then capitulated down at $180. It isn't hard to see the trend changes...
i was thinking, if everyone is holding, and only few people are playing the market, it could be easy for a rich bitcoin guy(one of those 100k guy in the top ten) to manipulate the market, no matter how large bitcoin is or will be
Those top 10 guys are companies, not individuals. Their "manipulation" attempts are merely them converting to fiat for operating costs. It isn't a conspiracy.
Where do you get this idea from? Are you saying all top Bitcoin holders are miners?
Common sense?
No. I'm saying, "Those top 10 guys are companies, not individuals." At no point did I mention miners.
well the question still stand, how do you know that? there is any source? because i'm sure it's not that impossible to have some users with 100k coins, many adopters were holding even more than that at the time
Again, it is common sense. Warren Buffett is worth a lot. Apple computers is worth a lot more. That is just how the world and economics work.
Gemini is the reason
gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow
so he can dump later at 280, and cash out his profit, repeat from 230 or lower
I think you guys are a bit stuck on "the manipulator" theory. While this was true in 2012, the market is simply too large to be manipulated by individuals these days. Even back in 2012, I remember Bitpay handing it to pirate for tens of thousands of dollars one night when his manipulative efforts were discovered. I believe it was that night "the manipulator" died.
The market bubbled from $2 up to $1,050 and then capitulated down at $180. It isn't hard to see the trend changes...
i was thinking, if everyone is holding, and only few people are playing the market, it could be easy for a rich bitcoin guy(one of those 100k guy in the top ten) to manipulate the market, no matter how large bitcoin is or will be
Those top 10 guys are companies, not individuals. Their "manipulation" attempts are merely them converting to fiat for operating costs. It isn't a conspiracy.
Where do you get this idea from? Are you saying all top Bitcoin holders are miners?
Common sense?
No. I'm saying, "Those top 10 guys are companies, not individuals." At no point did I mention miners.
well the question still stand, how do you know that? there is any source? because i'm sure it's not that impossible to have some users with 100k coins, many adopters were holding even more than that at the time
People with that many coins are not likely to sell a large amount of them through the exchanges.
The transactions will probably happen off exchange, resulting in no impact on the price.
legendary
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Just normal price action. Once we broke above resistance at 230, everyone saw the breakout. Miners and traders wouldnt sell at 240 if they thought the price would soon be higher. Fundmentally, people are already taking long positions ahead of the halving.
The spike over $260 was unexpected.
Have all the sellers disappeared?
Probably price wants to test the $300 level highs we hit in March and July.
Given the current strength of the bulls, I would say there's a good chance
we'll get there.
I guess Gemini and the sidechain have somewhat caused the upward movement. Whatever it is, I'm loving it. 
I tend to think also that these positive things have started this rally! Some people here actually think that all of this is just a dead cat bounce or a manipulation of sort!
I hope they are not right! It's great to see Bitcoin in green!
I think it's a mixture of both Gemini's and China's market in bitcoin picking up... I read somewhere that yesterday there were like a million coins being moved around or something of the sort. With those kind of transactions, it's always going to be a good day for bitcoin
Yes I forgot about China, even though they are people accusing them how they volume has sky rocketed yesterday and that they are surely faking their volumes. But maybe they really have started buying, who knows.
Also we had another bounce today. We have broken $260 on Bitfinex. More and more it looks that this is not a dead cat bounce, looks like a start of the rally!
Yeah, I'm not sure of what exchange sites people in China would typically use now and days.. but hopefully this isn't a Gox market increase all over again. Maybe people are really wanting to stock up before the halving happens and it would be too late... Idk, whatever it is I'm liking it as of right now!
Just normal price action. Once we broke above resistance at 230, everyone saw the breakout. Miners and traders wouldnt sell at 240 if they thought the price would soon be higher. Fundmentally, people are already taking long positions ahead of the halving.
The spike over $260 was unexpected.
Have all the sellers disappeared?
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Just normal price action. Once we broke above resistance at 230, everyone saw the breakout. Miners and traders wouldnt sell at 240 if they thought the price would soon be higher. Fundmentally, people are already taking long positions ahead of the halving.
I guess Gemini and the sidechain have somewhat caused the upward movement. Whatever it is, I'm loving it.
I tend to think also that these positive things have started this rally! Some people here actually think that all of this is just a dead cat bounce or a manipulation of sort!
I hope they are not right! It's great to see Bitcoin in green!
I think it's a mixture of both Gemini's and China's market in bitcoin picking up... I read somewhere that yesterday there were like a million coins being moved around or something of the sort. With those kind of transactions, it's always going to be a good day for bitcoin
Yes I forgot about China, even though they are people accusing them how they volume has sky rocketed yesterday and that they are surely faking their volumes. But maybe they really have started buying, who knows.
Also we had another bounce today. We have broken $260 on Bitfinex. More and more it looks that this is not a dead cat bounce, looks like a start of the rally!
ETF or Gemini (whatever) + Halving soon. I think there is room for plenty more speculation to drive things up more.
Gemini is the reason
gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow
so he can dump later at 280, and cash out his profit, repeat from 230 or lower
I think you guys are a bit stuck on "the manipulator" theory. While this was true in 2012, the market is simply too large to be manipulated by individuals these days. Even back in 2012, I remember Bitpay handing it to pirate for tens of thousands of dollars one night when his manipulative efforts were discovered. I believe it was that night "the manipulator" died.
The market bubbled from $2 up to $1,050 and then capitulated down at $180. It isn't hard to see the trend changes...
i was thinking, if everyone is holding, and only few people are playing the market, it could be easy for a rich bitcoin guy(one of those 100k guy in the top ten) to manipulate the market, no matter how large bitcoin is or will be
Those top 10 guys are companies, not individuals. Their "manipulation" attempts are merely them converting to fiat for operating costs. It isn't a conspiracy.
Where do you get this idea from? Are you saying all top Bitcoin holders are miners?
Common sense?
No. I'm saying, "Those top 10 guys are companies, not individuals." At no point did I mention miners.
well the question still stand, how do you know that? there is any source? because i'm sure it's not that impossible to have some users with 100k coins, many adopters were holding even more than that at the time
Gemini is the reason
gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow
so he can dump later at 280, and cash out his profit, repeat from 230 or lower
I think you guys are a bit stuck on "the manipulator" theory. While this was true in 2012, the market is simply too large to be manipulated by individuals these days. Even back in 2012, I remember Bitpay handing it to pirate for tens of thousands of dollars one night when his manipulative efforts were discovered. I believe it was that night "the manipulator" died.
The market bubbled from $2 up to $1,050 and then capitulated down at $180. It isn't hard to see the trend changes...
i was thinking, if everyone is holding, and only few people are playing the market, it could be easy for a rich bitcoin guy(one of those 100k guy in the top ten) to manipulate the market, no matter how large bitcoin is or will be
Those top 10 guys are companies, not individuals. Their "manipulation" attempts are merely them converting to fiat for operating costs. It isn't a conspiracy.
Where do you get this idea from? Are you saying all top Bitcoin holders are miners?
Common sense?
No. I'm saying, "Those top 10 guys are companies, not individuals." At no point did I mention miners.
well the question still stand, how do you know that? there is any source? because i'm sure it's not that impossible to have some users with 100k coins, many adopters were holding even more than that at the time
random noise.
wait until the end of the month to see price falling for no reason too
wait until the end of the month to see price falling for no reason too
just because bitcoin was in a long bear market doesn't mean it will stay in bear forever.
didn't you learn anything from 2011 and 2013?
Gemini is the reason
gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow
so he can dump later at 280, and cash out his profit, repeat from 230 or lower
I think you guys are a bit stuck on "the manipulator" theory. While this was true in 2012, the market is simply too large to be manipulated by individuals these days. Even back in 2012, I remember Bitpay handing it to pirate for tens of thousands of dollars one night when his manipulative efforts were discovered. I believe it was that night "the manipulator" died.
The market bubbled from $2 up to $1,050 and then capitulated down at $180. It isn't hard to see the trend changes...
i was thinking, if everyone is holding, and only few people are playing the market, it could be easy for a rich bitcoin guy(one of those 100k guy in the top ten) to manipulate the market, no matter how large bitcoin is or will be
Those top 10 guys are companies, not individuals. Their "manipulation" attempts are merely them converting to fiat for operating costs. It isn't a conspiracy.
Where do you get this idea from? Are you saying all top Bitcoin holders are miners?
Common sense?
No. I'm saying, "Those top 10 guys are companies, not individuals." At no point did I mention miners.
The price has stayed low for quite a long time.
Maybe the fence sitters have been convinced that the price can't go lower.
Maybe the fence sitters have been convinced that the price can't go lower.
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