Topic: Price going up for no apparent reason? - page 3. (Read 4286 times)
The price was too low for too long to begin with.
After such a long and dreadful downslide, it shouldn't be a surprise that the price is picking up every now and then. I'm guessing the same as everyone else, that gemini launch
is the reason behind this, and i think this is just sort of a "test", trying out how support is holding.
2% increase is far from the main target for upcoming winter period (where people tend to spend more money), and it will probably serve as a pre-pump for the halving next year.
All in all, i'm expecting >300 price range til the end of the year, at the worst case scenario.
is the reason behind this, and i think this is just sort of a "test", trying out how support is holding.
2% increase is far from the main target for upcoming winter period (where people tend to spend more money), and it will probably serve as a pre-pump for the halving next year.
All in all, i'm expecting >300 price range til the end of the year, at the worst case scenario.
No worries, nothing going on, it's already sliding back down like usual.
Maybe it'll slide back to 10 dollars and then we can sell all our btc right?
No worries, nothing going on, it's already sliding back down like usual.
Not sure if a new thread was required for this 'price movement'. There's not much to discuss really is there, the price has gone up 5 USD. We used to have massive price swings daily. A 5 USD move isn't really anything to get excited about.
I'd be moderately excited if we moved into the 300's, at the moment I'm just relaxed, HODLING & looking on.
I'd be moderately excited if we moved into the 300's, at the moment I'm just relaxed, HODLING & looking on.
Gemini is the reason
Normal market movement, slow up until resistance will become too heavy, and then sideways, before another capitulation will start.
could be a triple bottom later, but we already have a skewed W, which could be sufficient (technically) for a sustained uptick.
Normal market movement, slow up until resistance will become too heavy, and then sideways, before another capitulation will start.
What is the reason?
What do we not know?
Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.
What do we not know?
Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.
The reason is that the block reward halving is approaching. It is sensible logic to assume the price will double in anticipation. We saw a low of around $180 recently, so I think that the price going to $360 in the next 9-12 months is a reasonable assumption.
A more bullish explanation might be that the Winklevoss twins' new exchange brought many of their rich friends off the sidelines to begin accumulating bitcoins in anticipation of the COIN ETF being approved. The COIN ETF has the potential to dump billions into the Bitcoin market, at which point an optimistic price point would be $2,000-$4,000.
Either way, I believe the markets are seeing that the worst is over. The reward now outweighs the risk and money will flow appropriately.
if that is the case, easy peasy....buy ETF within 1 mo of introduction, wait for ~2-4K in bitcoin price equivalent in ETF, sell ETF, buy puts on ETF..profit.
Don't need to do anything with a real asset/bitcoin (hold or hodl that).
What is the reason?
What do we not know?
Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.
What do we not know?
Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.
The reason is I sold coins this week. Making a casino trip this weekend, so hopefully I will win enough to buy a stock of those 1000$ coins next week!
The reason is market swings. It had a long bear run that is now reaching its conclusion. Hence it has been quite oversold. There's not much selling pressure to push much lower. The market's reversing from oversold conditions. It's a market correction. Now's your chance to buy before it gets into the 260-270 range.
please wake up they are playing on the same stupid range 220-270/280 with 300 as a peak
take a look at the chart, we are stuck there since 10 fucking months, it's ridiculous, manipulation at its finest
take a look at the chart, we are stuck there since 10 fucking months, it's ridiculous, manipulation at its finest
Yes that's pretty much it. Just some guys with money playing around like several times before.
Nothing to get excited about.
What is the reason?
What do we not know?
Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.
What do we not know?
Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.
The reason is that the block reward halving is approaching. It is sensible logic to assume the price will double in anticipation. We saw a low of around $180 recently, so I think that the price going to $360 in the next 9-12 months is a reasonable assumption.
A more bullish explanation might be that the Winklevoss twins' new exchange brought many of their rich friends off the sidelines to begin accumulating bitcoins in anticipation of the COIN ETF being approved. The COIN ETF has the potential to dump billions into the Bitcoin market, at which point an optimistic price point would be $2,000-$4,000.
Either way, I believe the markets are seeing that the worst is over. The reward now outweighs the risk and money will flow appropriately.
please wake up they are playing on the same stupid range 220-270/280 with 300 as a peak
take a look at the chart, we are stuck there since 10 fucking months, it's ridiculous, manipulation at its finest
take a look at the chart, we are stuck there since 10 fucking months, it's ridiculous, manipulation at its finest
I think there are a few whales who can manipulate the price to go up or down when it suits them. They probably pay professional traders and trading bot programmers to generate a fortune for them. The Bitcoin markets only need a few million dollars to move the price across all exchanges. That might sound a lot, but it's nothing for the likes of Wall Street traders. Bitcoin's still only a small market compared to what Wall Street deals with.
There is always a cause, but maybe NOT a reason that could be explained easily.
How about this for a simple reason: a first sidechain was released yesterday with good correlation re price jump.
Research it.
Sidechains pretty much put the kibosh on all that late nonsense about "I like blockchains, but i don't like bitcoin"
How about this for a simple reason: a first sidechain was released yesterday with good correlation re price jump.
Research it.
Sidechains pretty much put the kibosh on all that late nonsense about "I like blockchains, but i don't like bitcoin"
Rise started before that. Gemini?
Gemini launch, start of the movement because of the upcoming halving in July 2016. These are all maybe?
It might also be a pure speculation. If it's this, we will know this surely in few days or maybe a week at the latest. Hope it's not this though!
It might also be a pure speculation. If it's this, we will know this surely in few days or maybe a week at the latest. Hope it's not this though!
What is the reason?
What do we not know?
Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.
What do we not know?
Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.
This https://bitcointalksearch.org/topic/m.12686384
Whatever it is, I am lovin' it!
Politicians are making scary statements, scary economic data is being released, the dollar index is going down, gold and Bitcoin are going up. For how long this would continue, not sure. If it ends up with some kind of crash in the US, both gold and Bitcoin might rise significantly, in dollar terms. If the crisis at the emerging markets deepens instead, the dollar may go up again, gold and Bitcoin may go down.
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