Topic: This massive price increase in seconds shows us something (Read 2760 times)

And now BTC is at $8500. So its for the time being at last out of that ~7800-8200 range. Besides there is nothing strange about Bitcoin holding within a range for a week. It isn't always moving like crazy in one direction or another. Furthermore, if you look at the whole market, everything is green. This is clearly a longer move off the bottom of the market. Whether it will be sustained or it'll take several months to really get something going I don't know. But no this is not going to be a 2015 in which it takes a whole year to make the turnaround in market sentiment.

Last crash-boom cycle it was pretty much 2014 falling, 2015 consolidating, 2016 moving back up close to old high, 2017 boom.
While as this crash it seems to be 4 months falling, might consolidate for the rest of the Spring, slowly moving up, and then in Summer and maybe part of the Fall make the real push back close to previous high, late 2018 into next year boom.

Happy to see I'm not the only who thinks that lo and behold, me might actually be in for a repeat of 2015 after all. Not a crash. Not a bull. Just months of consolidating, I mean for bitcoin to stay in this range of about $500 for days and days. That's pretty much unheard of when we're more used to extremes in volatility.

I hate penny stocks too, sort of like I hate the satoshi alts and tokens. They take you for a ride and leave you in the dust, then die on you when you need them most.

I think you're wrong. This sharp rise in prices suggests that the whales have agreed to stimulate the bull market. They have invested their entire investment asset and now want to make a profit. To do this, they simultaneously left the market. This creates a deficit of coins and the price increases. Also easily they can lower the price.

Sudden spike of bitcoin price in seconds that indicates how fast bitcoin and easily recoil when it down it may be because the technology is faster and the reactions of the investors are faster, and because the market cap is thinner massive buying can easily affect it price.

Fomo is a big push for bull runs like this and yeah i get your point on how a whale can start manipulating the price with a snap. Especially now that we're coming from a draining red first quarter of the year. People will have their hopes high in an instant with a little "pump".

I would disagree with this to an extent--look at where we're stalled at.  We're relatively stable at $7800-$8200, and in 2015(?) we were stable at $420 for months, and yes we've been volatile in between.  I'm not saying penny stocks are similar to bitcoin in any other aspect, but the price volatility and even the characteristic of temporary stability in between spikes are traits they both share to some extent.

I hate penny stocks, by the way.  Someone very close to me got burned on one that has an actual company behind it that he believed in.  Lost a small fortune.

This is a sign that recovery from dip is not difficult because we are not going to see more push before we see  a good progress. The market is completely drive by emotions and you should hold in other to makes good profit in future.

Maybe that is true but the least that we can do bout it is be happy. This past weeks had been weeks of temptation and stress because the price is low. Many people had been  waiting for this, for the price to  move up and even if I expected it to get low again because many people will sell due to financial needs, I am still happy that it is showing increase. No one knows if it will continue to get high or to what price will the increase stop, what matters here is that it is increasing.

It also show us there are a lot of bots around doing the trading instead of humans since there is not a way for the price to move that quickly in such a short amount of time.

People tend to rationalize everything. Another trait that people have, especialy when lacking in knowledge, is trying to make things either too simple or too complex. Actualy the reality is neither fully rational nor very simple nor too complex to explain relativly easily.

The people that have heard the term pump and dump, try to explain every market behaviour by it. Thats understandable. People in general tend to avoid getting into risky sittuation. Calling everything that happens in a market a very risky sittuation give them mental security.

Its not true that bitcoin is a penny stock that is suspectible to pump and dump mechanism. The price of penny stocks are mostly relativly stable outside of times of huge spikes in price, following by huge drops. Bitcoin price is constantly volatile, with overall rise in value over time, so it does not have the characteristics of a penny stocks. Those characteristics have many other pump and dump altcoins.

Another reason why bitcoin is not a subject of pump and dump is that after a huge unreasonable and irrational spike in price, following correction stops at the prices a lot higher than before the spike. That means that the correction in price is just that a market correction and not a dump that was preceded by a pump.

If it is timed with the bad press, and some other major FUD like the announcement of the exchanges about BU and fork.  It is not that hard to think of it.  This has been proven several times and even used multiple times by whales to drive the price of Bitcoin lower.  But then when it is a manipulated dump it will gradually recover because manipulator need to move the price up after the accumulation to take another batch of profit.

I think that you are right about pump and dump: pumped coin or price wont last for long, sooner or later the price will drop, or the coin will dissapear (if weak enough).

Anyway i cannot agree with your words, that bitcoin isn't pumped at all: sir, hell yeah it is.
You cannot see the pump until the price of asset goes down a lot and only then you can see it was overpriced, but with big amounts of money pump may stay for a long time: price jumps (result of pumping) and that triggers the part of the market to book their profits or even hop into the trend which may cause even bigger raises.

Psychology of a crowd plays a big part in it.
When a crowd spots some big player spends a lot of money to get a big slice of a pie, the crowd (most of it) will follow him, in trust that he knows what is he doing.

Some exchanges ARE regulated (Gemini, GDAX), but strangely traders don't want to use them, they prefer the unregulated exchanges where they get taken for a ride.

but how is the guy who is dumping with a big sell order, going to knwo that his dump will cause a panic seller, and so inducing a market manipulation? this is just an assumption imho, the big guy that sell a huge amount of coins, need to force the other to sell to buy cheap coins, and it's not that easy as many believe, most of the time the rise and fall you see are just normal trading on the market

While I hoped that people would get tired of debating the blocksize indefinitely, this doesn't seem to be the case. Unfortunately, the price of Bitcoin will be restrained until this comes to an end.

There is something you should take into consideration - Price will surely go up when Segwit gets activated, but it's not a proper long term solution with its 2MB caps. After a year or two the same discussions will come to life as by that time, blocks will once again be full as is the case right now. Demand is strong, don't underestimate that. But to reach $10,000 levels, it will require a good number of years to build up the price. $2000 is a good start when Segwit gets activated.

this will happen, but only if the blocksize debate is settled once and for all.

As soon as the debate is finished it's immediately (within a month, maximum) 10k.

i will never understand the fascination of people for comparing bitcoin with altcoins or even mentioning them in a bitcoin related topic.
i mean yeah, altcoins have had pretty good rises in the past and they continue to have them and there is a lot of profit there but the rise of the altcoins is not similar to bitcoin at all. they are fake pumps which is always followed by a bigger dump and they eventually die off withing 1 or 2 months.

now where is the similarity!

We will always have sharp drops and sharp increases in price with bitcoin, it has been like this since the beginning and only those staying idle and are bystanders will regret, how many times should you see price dropping $200 staying there for 3-7 days and again start to rise back up to make you believe in bitcoin?
Da*n even when price fluctuates 2% you could earn more than $20 trading only 1BTC now imagine the current market with a volume of $400M+ every day, all that will happen certainly isn't crashing but value increased over time year after year.

Even some unpopular altcoins had some unexpected rise in their price now we're talking about bitcoin which is the most popular crypto.

I agree that FOMO definitely increase the demand for Bitcoin and people will buy in whatever price the seller throw them because of they do not want to missed out the train of Bitcoin.  I also observed that even with the rejection of its latest ETF case,  Bitcoin price is unaffeced and continue to rise.  This means Bitcoin does not need ETF approval and lastly even with this Bitcoin political drama, price keep on recovering, what more if the scaling issue is fixed.  This only means one thing, Bitcoin beyond the moon!