Topic: So.. Why the SUDDEN RISE in bitcoin After Xmax? (Read 1120 times)
As the buying amount have increased to a much bigger extend thats why there is sudden increase in the price of bitcoins,well now you might have seen that the price of bitcoins suddenly increased by 300$ ,as the demand for bitcoins is increasing day by day and in the near future the price hike will be more huge in a little span of time.
That rise in price was not sudden but there was reason for happening this. US presidential election played an important role as whole world was afraid of Donald Trump's victory and was expecting to see some tougher and restrict rules. Many people preferred to convert their fortunes into Bitcoin seeing it new safe heaven and Chinese exchanges played their role. Thses both thing took the price above 1000$ exactly on the first day of new year.
@jtalk, You are right!!
"....US presidential election played an important role.." might have contrinìbuted to this increase!
And, if this is true; it means will continue to see INCREASE IN BITCOIN! As you can see from the current exchange rate.
I'm making series of research in regard's to this increase. it's not just based on chineese manipluation's; which i think it may have partially influence the increase in bitcoins.
But, there are MORE
reason to this; why bitcoin will keep increase during the leadership of Trump. I'm conducting series of research in order to connect this properly.Also, i know most successful people like trump don't SAVE, they like to invest in any currency that increases over a period of time (HEDGING). And, virtual currency like bitcoin is not excepted
Thanks
Bitcseo
you can say that it was for christmas but i can say that it was a delayed increase for the halving, the halving just happened few months back, it's not so difficult to think that it was related in someway
you have then that christmas helped of course and you can add all the other mini news that added up to additional increase
you have then that christmas helped of course and you can add all the other mini news that added up to additional increase
Yes last time I think the halving effect also kicked in around 6 months later.
The same we saw happening now.
Furthermore chinas attempts to intervene and surpressing the price is having less and less effects.They did it 3 times now, this year!
And now have a look at the charts. BTCC is around $969 while Stamp and Finex are over $1025!!
you can say that it was for christmas but i can say that it was a delayed increase for the halving, the halving just happened few months back, it's not so difficult to think that it was related in someway
you have then that christmas helped of course and you can add all the other mini news that added up to additional increase
you have then that christmas helped of course and you can add all the other mini news that added up to additional increase
Yes last time I think the halving effect also kicked in around 6 months later.
The same we saw happening now.
Furthermore chinas attempts to intervene and surpressing the price is having less and less effects.They did it 3 times now, this year!
And now have a look at the charts. BTCC is around $969 while Stamp and Finex are over $1025!!
you can say that it was for christmas but i can say that it was a delayed increase for the halving, the halving just happened few months back, it's not so difficult to think that it was related in someway
you have then that christmas helped of course and you can add all the other mini news that added up to additional increase
you have then that christmas helped of course and you can add all the other mini news that added up to additional increase
there was not SUDDEN rise!
price was staying low, which i would like to call it "was being kept low by manipulations" and whenever it happens after the artificial pressure is removed, price goes up with a faster speed than normal. and going from 780 to $1000 was like this but then because $1000 was broken and it was more of a physiological barrier than a real barrier, price went higher. and obviously fast rises that become big, need a correction.
price was staying low, which i would like to call it "was being kept low by manipulations" and whenever it happens after the artificial pressure is removed, price goes up with a faster speed than normal. and going from 780 to $1000 was like this but then because $1000 was broken and it was more of a physiological barrier than a real barrier, price went higher. and obviously fast rises that become big, need a correction.
if you mean an increase in the price of bitcoin, it may be because of caused due to several things. like many people who buy bitcoin at the end of the year, to prepare for the increase in prices that occurred in January, they had predicted that it would happen. in addition, it may be the price increase was also influenced by some of the country's largest bitcoin users, such as china. exchangers from china so much making an effect on the price of bitcoin, especially this year.
I'm sorry about this question i'm just being curious;
so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
Its all because china exchange volume has been rise thats why the price of bitcoin last month is totaly high and then decrease a few days when you can see the graph also i think it because of what happen on the election in united states where the demand of bitcoin increase too. so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
If you are asking about the increase of it's price I think the answer would be because of the huge amount of users who bought some bitcoin during those period of time,As the demand for bitcoin rise the price would also increase.
There isnt a valid reason under the pumps that happens at Xmas, at 2015 it happened as well, from 250 to 350 if im not wrong, in that time people were using the halving to pump, and it worked, at 2016 Xmas looks like people wanna go shopping and used bitcoin pump to make it better. The fact there arent a reason why it happened on the last years, besides whales and miners use their power and influence to get an extra income.
I'm sorry about this question i'm just being curious;
so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
Halving effect or build up to ETF decision or both.
I also feel like there was bull trend for like a year,
it was speculative right after january, then it stabilized and now its consistent rise on demand.
it was speculative right after january, then it stabilized and now its consistent rise on demand.
That rise in price was not sudden but there was reason for happening this. US presidential election played an important role as whole world was afraid of Donald Trump's victory and was expecting to see some tougher and restrict rules. Many people preferred to convert their fortunes into Bitcoin seeing it new safe heaven and Chinese exchanges played their role. Thses both thing took the price above 1000$ exactly on the first day of new year.
@jtalk, i think you have a point here.
People are feedup with political & economic deception. they prefer to be incharge, decide when to transfer whatever access they're having without much question.
I'll keep my eye on this comment.
Thanks
Bitcseo
I'm sorry about this question i'm just being curious;
so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
Not every end of year , bitcoin value reach like last year.
I think it's a matter of time when people getting interest on bitcoin power especially bitcoin amount getting halving made bitcoin become more valuable
That rise in price was not sudden but there was reason for happening this. US presidential election played an important role as whole world was afraid of Donald Trump's victory and was expecting to see some tougher and restrict rules. Many people preferred to convert their fortunes into Bitcoin seeing it new safe heaven and Chinese exchanges played their role. Thses both thing took the price above 1000$ exactly on the first day of new year.
I'm sorry about this question i'm just being curious;
so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
Everything that related to bitcoin can make the price goes up or down.. it could be because of high demands, no huge dump and ,new adopters if bitcoun all over the world. so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
I'm sorry about this question i'm just being curious;
so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
The price of bitcoin usually increases during the holiday season in December and it is an know fact among traders that every year it was like that and this year too it was not a big surprise but the biggest question was ,will it breach $1000 and if so how much long will it take for a correction .And as usual the Chinese intervened and brought the price down. so why the sudden increase especially after the christmas holiday?
Thanks
Bitcseo
Sudden rise? Then one thing comes through my mind that the demand for bitcoin or adoption of bitcoin does increase that's why its price pump up but still we should really expect price drops big time because of unexpected negative news that do happen on bitcoin world.
It's always due to just speculations and because, some people believe, that there are people manipulating the prices and the whales are pumping the prices of bitcoins so that they can cash out big. Well if it was true, they were successful and we have seen that unfold a few weeks back when the prices dropped from $1,100.
It's always the same thing.
December and the beginning of January you got a great volatility.
And most of the time it's an up volatility.
More sales, more use of btc...
Always like this.
December and the beginning of January you got a great volatility.
And most of the time it's an up volatility.
More sales, more use of btc...
Always like this.
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