The Consensus pump is real | Bitcointalksearch.org

bounty.cvn

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Quote from: pooya87 on May 15, 2019, 10:26:22 PM

the rise is natural and doesn't need any reasons whatsoever apart from adoption increasing. this was inevitable too and should have even happened a couple of weeks ago. but now that it is happening all the rest of the positive news such as Bakkt, eBay,... are acting as the contributors to that upward movement and helping it happen more smoothly and at times even faster since less day traders try to sell and go against the market now.

In my opinion then with US trade - China is tense. Chinese investors are trying to drain their money to other assets like USD and Bitcoin, they think the yuan will continue to devalue. President Trump has increased taxes on China in the past 2 weeks, making the yuan 2% lower than the USD. Some people worry that China will reduce the value of Chinese currency to help cheaper Chinese goods to compete with US products despite tariffs. Therefore Hong Kong wealthy merchants are withdrawing money from China

Meanwhile, China is blocking people from selling the yuan and very strictly transferring money from the country, and Bitcoin is the only way. According to calculations by experts, 20% of Bitcoin trading volume comes from China

bounty.cvn

newbie

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Oh I have my own reviews and judgments. But Bitcoin's increase and not decrease are from China. You can refer to this article to better understand why
https://bitcointalksearch.org/topic/explain-the-cause-of-bitcoin-not-coming-down-5143745

pooya87

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the rise is natural and doesn't need any reasons whatsoever apart from adoption increasing. this was inevitable too and should have even happened a couple of weeks ago. but now that it is happening all the rest of the positive news such as Bakkt, eBay,... are acting as the contributors to that upward movement and helping it happen more smoothly and at times even faster since less day traders try to sell and go against the market now.

iamMhew

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Quote from: philipma1957 on May 13, 2019, 07:51:15 PM

I mine. As trading is too unpredictable. I need only control power cost to make a profit when I mine.

To the traders of the world have fun trading.

My guess is trump did this via import attacks last fri on China .

USA Stock markets sold off and put money into crypto markets.

Me I mine.

I totally agree on this, the uncertainty on the US-China trade deal really takes a hit on the US stock markets.
And as a regular investor on both assets (Stocks and Crypto). I would rather increase my portfolio in Crypto at the moment and unload some stocks. This is just me, I assume big institutions are also doing this driving the price of BTC in upward trend.

DreamStage

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Everyone will start to see that others will want to buy more and more as the price keeps rising.
This trend promotes such as new investors and old ones to buy even more and wait for bigger price so they can take out even higher profits.
Those are the main reasons why we are seeing this pump. Also because some known companies have joined the crypto markets.

ene1980

hero member

Activity: 2002

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Quote from: shvlam on May 13, 2019, 05:18:14 PM

We reached $8000 in the past few days leading to the conference. I remember last year everyone was hopeful about it, but the bear market spared no one. This time we have Bakkt announcements and all kinds of stuff I saw outlined here: https://cryptobriefing.com/nobody-will-sell-bitcoin-8000/

It's probably going to correct a bit, but the rise is real.

The rise is a bit too early in my opinion, i never expected the market to recover this quickly and touch $8k in a short period of time, we have seen many situations in the past but this rise is well above anything that i encounter in this market, the bear market was much longer and i never expected that decline nor the rally in 2017, the market surprises everyone all the time and that is the case this time too.

antisocial77

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market doesnt need any reason to pump or dump.this is a cycle.bitcoin made ath, then a big correction for more than a year and now rising again.it doesnt need anything like sec, big news etc.

Pattart

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Quote from: rijaljun on May 13, 2019, 06:34:02 PM

Quote from: shvlam on May 13, 2019, 05:18:14 PM

We reached $8000 in the past few days leading to the conference. I remember last year everyone was hopeful about it, but the bear market spared no one. This time we have Bakkt announcements and all kinds of stuff I saw outlined here: https://cryptobriefing.com/nobody-will-sell-bitcoin-8000/

It's probably going to correct a bit, but the rise is real.

Ugh.. I thought that Bitcoin price has significantly increased its price with no reason, now this news came out and you think this is the reason behind the increasing price of Bitcoin. Don't you know that this positive trend has started from end of march? It means that this news is not the only reason. Perhaps some parties already knew that Bitcoin will have a good news this month so they start to buy since a month ago.

Of course there is always a reason why market prices rise and fall, there is always a reason behind someone to sell or buy, that is market law. Prices always move to follow the trend, and trends occur for certain reasons. if you see the price of bitcoin rising naturally for a reason, not just one reason but there are many reasons.
when market conditions continue to be in a positive condition or positive trend for at least a long period of time, then all users certainly agreed that we are in a bull run

Cepeuuka

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Quote from: Kocret02 on May 15, 2019, 10:02:51 AM

Quote from: shvlam on May 13, 2019, 05:18:14 PM

We reached $8000 in the past few days leading to the conference. I remember last year everyone was hopeful about it, but the bear market spared no one. This time we have Bakkt announcements and all kinds of stuff I saw outlined here: https://cryptobriefing.com/nobody-will-sell-bitcoin-8000/

It's probably going to correct a bit, but the rise is real.

the increase in the price of bitcoin is indeed real, but the increase cannot run significantly and briefly. there must be a possible process that can be done so that bitcoin can stabilize with a significant pump.

You are absolutely right.

Kocret02

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Quote from: shvlam on May 13, 2019, 05:18:14 PM

We reached $8000 in the past few days leading to the conference. I remember last year everyone was hopeful about it, but the bear market spared no one. This time we have Bakkt announcements and all kinds of stuff I saw outlined here: https://cryptobriefing.com/nobody-will-sell-bitcoin-8000/

It's probably going to correct a bit, but the rise is real.

the increase in the price of bitcoin is indeed real, but the increase cannot run significantly and briefly. there must be a possible process that can be done so that bitcoin can stabilize with a significant pump.

kogozer714

copper member

Activity: 593

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If someone has a good capacity in trading they will definitely benefit from buying only from resetting and holding, even though earning a small profit will definitely be profitable in their daily trading

drumamat

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Quote from: franky1 on May 13, 2019, 08:07:27 PM

this $8k is not currently holding weight by any real active new feature/utility that has come about in the last month. it is mostly hype and hope.

I agree with you, but the excitement and hope still appeared not out of the blue. Almost a year there was a decline in interest in buying Bitcoin, and now just like that, Bitcoin began to be in demand. This is naturally caused by something.It is likely that a large annual consensus has also become a reason for growth.

CryptoNinjaco

newbie

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I have a few bags of different alts. My hope is that if BTC corrects, the sell off will lead to a buying of alts. Then my alts will pump, I sell them for more BTC, then BTC goes back up. However, I know there are lots of people with this plan, so maybe it wont work. Thoughts?

niisarearning

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Quote from: rijaljun on May 13, 2019, 06:34:02 PM

Quote from: shvlam on May 13, 2019, 05:18:14 PM

We reached $8000 in the past few days leading to the conference. I remember last year everyone was hopeful about it, but the bear market spared no one. This time we have Bakkt announcements and all kinds of stuff I saw outlined here: https://cryptobriefing.com/nobody-will-sell-bitcoin-8000/

It's probably going to correct a bit, but the rise is real.

Ugh.. I thought that Bitcoin price has significantly increased its price with no reason, now this news came out and you think this is the reason behind the increasing price of Bitcoin. Don't you know that this positive trend has started from end of march? It means that this news is not the only reason. Perhaps some parties already knew that Bitcoin will have a good news this month so they start to buy since a month ago.

Its really good news even i was finding the real reason for this bull run . But i dont think investor are taking BAKKT seriously because its postponed several time . May be insight says it will happen for sure . If it true then its time to grab some not all investment at this time.

Caladonian

hero member

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Quote from: Yamifoud on May 15, 2019, 01:10:00 AM

Quote from: KKH84 on May 15, 2019, 12:25:23 AM

The discussion about the increase in Bitcoin prices is indeed interesting to follow. I really hope that the price of Bitcoin at the end of this year will be as close as Bitcoin prices in late 2017 and early 2018.

Sounds possible mate, not really that close but possible be more than of what it happen last 2017.
Anyway, we are just too very optimistic and even we have that positive insights will never know what exactly happen in the coming days. Yet, we just be satisfied of what we've got now and enjoy the show.

Very well said, we need to continue enjoying how things is moving right now, the current bull attempt makes trading more interesting again, we need to be more positive to continue buying and holding coins, the assets that we have right now will bring more value if this current market movements will showed more agressions to reach much higher.

Those news around will bring more people to entrust their investment to this industry, be positive and it will bring more benefits to your investment.

Ailmand

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Quote from: Yamifoud on May 15, 2019, 01:10:00 AM

Quote from: KKH84 on May 15, 2019, 12:25:23 AM

The discussion about the increase in Bitcoin prices is indeed interesting to follow. I really hope that the price of Bitcoin at the end of this year will be as close as Bitcoin prices in late 2017 and early 2018.

Sounds possible mate, not really that close but possible be more than of what it happen last 2017.
Anyway, we are just too very optimistic and even we have that positive insights will never know what exactly happen in the coming days. Yet, we just be satisfied of what we've got now and enjoy the show.

Well, no matter what it's just best to take what you can while the market is still recovering. Usually the bull-market occurs during halving and there's still plenty of time before that. It just so happen that the trend this year was almost the same as how it was last 2017 bull-market. Start accumulating and holding bitcoin, once the next bull-market starts, it will be worth it.

Kakmakr

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The recent announcements in the media that institutional trading platforms are gearing up for Bitcoin trading have injected new "hope" into the market and investors are buying more coins to prepare for a big push, before that happens.

You got to get into the market, before the bull market start or reach it's peak. Wink

We also know that a halving is coming in early 2020 and prior to every halving, the price skyrocket when people are reminded that scarcity is a "real" thing. Wink

Yamifoud

hero member

Activity: 2828

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Quote from: KKH84 on May 15, 2019, 12:25:23 AM

The discussion about the increase in Bitcoin prices is indeed interesting to follow. I really hope that the price of Bitcoin at the end of this year will be as close as Bitcoin prices in late 2017 and early 2018.

Sounds possible mate, not really that close but possible be more than of what it happen last 2017.
Anyway, we are just too very optimistic and even we have that positive insights will never know what exactly happen in the coming days. Yet, we just be satisfied of what we've got now and enjoy the show.

KKH84

full member

Activity: 602

Merit: 100

The discussion about the increase in Bitcoin prices is indeed interesting to follow. I really hope that the price of Bitcoin at the end of this year will be as close as Bitcoin prices in late 2017 and early 2018.

Nadziratel

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Quote from: shvlam on May 13, 2019, 05:18:14 PM

We reached $8000 in the past few days leading to the conference. I remember last year everyone was hopeful about it, but the bear market spared no one. This time we have Bakkt announcements and all kinds of stuff I saw outlined here: https://cryptobriefing.com/nobody-will-sell-bitcoin-8000/

It's probably going to correct a bit, but the rise is real.

Bitcoin price once decided to rise. FOMO started. After that, every excuse is enough to raise the price of Bitcoin.

Topic: The Consensus pump is real (Read 449 times)