Topic: So.. what the hell happened today? - page 5. (Read 4421 times)
Hahahahhaa! Lots of great "info"! Thanks
Okay I see. Thank you all for your input.
I think there was just a little more fiat in Chinese exchanges then anticipated, that wasn't withdrawn from their bank accounts and that went into buying BTC to be migrated.
There were some western players at the Chinese markets and some of the Chinese money wasn't exactly clean, so they couldn't withdraw it through their bank accounts. So, this movement was caused by migration of fiat from Chinese exchanges to the western exchanges.
I think that the bigger waves will be over in the next couple of days and it's very hard to tell if it will go higher or not.
My biggest fear is that it won't fall back quickly and it will suffer this slow and painful downwards movement again. It would really suck if it will take a month to fall for what it took couple of days to rise.
But let's hope for the best and maybe this will be a quick pump'n'dump
There were some western players at the Chinese markets and some of the Chinese money wasn't exactly clean, so they couldn't withdraw it through their bank accounts. So, this movement was caused by migration of fiat from Chinese exchanges to the western exchanges.
I think that the bigger waves will be over in the next couple of days and it's very hard to tell if it will go higher or not.
My biggest fear is that it won't fall back quickly and it will suffer this slow and painful downwards movement again. It would really suck if it will take a month to fall for what it took couple of days to rise.
But let's hope for the best and maybe this will be a quick pump'n'dump
CHOO CHOO!!!
Thanks for your insights
manipulation by a whale in btce
After the April 15th FUD´s people realized it was nothing. So they buy back what they sold. My thoughts...
Is there any logic behind this rapid price increase?
It increased by 13% in the last few hours, from around 450$ to 510$. No relevant news were released and Chinese banks and most exchanges still didn't give a completely clear statement regarding the current situation. I am neither a professional trader nor I want to be one because I would panic sell/buy every time and be too emotional about my money, but WHAT THE HELL HAPPENDED TODAY?
It increased by 13% in the last few hours, from around 450$ to 510$. No relevant news were released and Chinese banks and most exchanges still didn't give a completely clear statement regarding the current situation. I am neither a professional trader nor I want to be one because I would panic sell/buy every time and be too emotional about my money, but WHAT THE HELL HAPPENDED TODAY?
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