Up Almost $1000 in One day? - How is this possible? - page 2.

skorupi17

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Quote from: minerus on July 20, 2017, 07:27:50 PM

This is completely insane, How can fluctuations like this be possible? It seems to me that people that bought high are now driving market to cover and pull out> Can anyone help me make sense of this, I'm a new member and I day trade stocks. But I cant make sense of this. Its like drunk gorillas hitting the buy button. And all this weeks from a possible split?

This is Bitcoin we are talking about. No one is surprised about this kind of spikes, at least most of us. Bitcoin being volatile enables this kind of fluctuation. I would envy those gorillas that despite of being drunk, they can hit the buy button. And for the record, the "possible split" thing is slowly being erased on the minds of the people here due to the locking in of BIP 91.

OracionSeis

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Quote from: equator on July 21, 2017, 10:21:42 AM

This is what trading means who ever had believe in bitcoin would have bought in low as the correction was expected and it touched low of 1800+ and now it is 2700+ so it is almost 900+ usd profit and who ever sold in low is crying now back. I bought at 1900+ range and sold it at 2650+ range. but i think july end we will see some more selling and then August will be the testing of Bitcoin fate.

Yeah, this is best choice with the happens unknow the market as now. Like you, I had sold 80% my Bitcoin to USDT and FIAT with good profit, because holding on exchange in present very risk, not see admin site said they will keep safe our Bitcoin. About bitcoin I want holding, I withdraw to Electrum and waiting next change in system Bitcoin in August 1st

L

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In crypto everything is possible. Cheesy

You will see coins losing 90% of their value over night, companies disappearing without a trace, never a dull moment.

Bezobraznike

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It is possible if someone is manipulating with bitcoin price. I can not imagine how much can someone earn on this fluctuations. If it is not a manipulation, then what can be? Suddenly increased demand? I am
reading that in Australia you can buy and sell bitcoins in more then 1800 post offices, maybe they bought so much bitcoins and made this increase?
The big question is why the market suddenly got so optimistic about bitcoins, different speculations are pushing the price up or down as I see. For it is clear that bitcoin is one of the riskiest investments anyone
can make today, if you buy it at todays high prices, you could easily lose most of your investment in a matter of weeks. If price fluctuate so much, how can we be sure that one day it will not go back on $1000
just like that, and no one would know why. Like now when price is going up and no one knows why.

equator

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This is what trading means who ever had believe in bitcoin would have bought in low as the correction was expected and it touched low of 1800+ and now it is 2700+ so it is almost 900+ usd profit and who ever sold in low is crying now back. I bought at 1900+ range and sold it at 2650+ range. but i think july end we will see some more selling and then August will be the testing of Bitcoin fate.

Duzter

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Anything can happen with bitcoin, because price variation is quite common with most of the digital currencies. $1000 in a days time is something very specific and the same won't take place often. Right now price increase might be due to the upcoming segwit implementation.

CryptoLenin

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Daily candle is mad. But still think for confirmed uptrend we need to break a new high.

alyssa85

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It's a relief rally. People think the adoption of segwit means there won't be a hard fork on August 1st.

Whether that is true or not is another matter.

Denker

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Quote from: fearcoka on July 21, 2017, 01:10:48 AM

Quote from: jubalix on July 21, 2017, 12:16:13 AM

Bitcoin has been massively depressed due to the internal civil war, which now seems resolved.

Also versus every other asset class bitcoin is un-rigable (if that a word).

Forex, gold , stock, Fiat, bonds, etc they are all subject to massive and irrational gov intervention.

What your seeing is the umasking of the reichsmark like hyperinflation we are actually in masked by low interest rates and money printing / debt issuance.

We are actually in hyper inflation, its just govs/banks a cannot say that, and they are using massive money printing and delegating to banks the debt issuance power, and you see your buying power quickly going down.

Here comes bitcoins.....it cannot be quantitatively eased, guess where the value is going to go by a rational entity......

see you at 100K a bitcoin and then some.

100.000$ for buy a Bitcoin not impossible, Bitcoin can do that when government accept Bitcoin as digital cash and accept existence of cryptocurrency. Investor from other market will know Bitcoin is potential market and make the price increasing stable, not as now just by mentality of trader and speculator

Sorry but Bitcoin definitely doesn't need governments allowance to reach that price of 100k. With every coming crisis in the traditional markets, more and more people will invest in Bitcoin! It won't matter if Bitcoin will be legal or not! It just will happen! And once we hit the exponential growth phase of s-curve adoption, things could happen pretty fast!
That's why we saw and still see all the drama happening imo. The smart guys know that accumulating Bitcoin for a relatively cheap price will get harder and harder within the next 3-4 years. SegWit activation was stalled just for that reason imo. For the average joe it will be difficult to buy a whole Bitcoin pretty soon! And this is the phase when we should and probably will move from BTC to Bits in terms of pricing.

minerus

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Quote from: HI-TEC99 on July 21, 2017, 06:00:00 AM

It's gone up very fast, but it didn't go up by almost $1000 in one day. During the biggest recent rise it went up by about $550 in one day.

The day before yesterday at 22.00 UTC it was $2293, yesterday at 22.00 UTC it was $2847.

http://www.coindesk.com/price/

https://s24.postimg.org/k6m0h61cl/unconfirmed3.png

https://s14.postimg.org/lux41sx41/unconfirmed.png

Yes, not $1000 in a day. But It has made some of the biggest move in history so far.

jubalix

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Quote from: 1Referee on July 21, 2017, 02:59:55 AM

Quote from: fearcoka on July 21, 2017, 01:10:48 AM

100.000$ for buy a Bitcoin not impossible, Bitcoin can do that when government accept Bitcoin as digital cash and accept existence of cryptocurrency.

Governments accepting it? You ever read back your posts and realize that certain things don't make sense at all? Governments aren't interested in Bitcoin itself. In most cases it's just the blockchain as technology they see value in. Also, if they ever want to release a government issued digital currency (which is likely going to happen as certain countries have been very open about it), it will be their own centralized version. In that regard, it's highly unlikely to see governments ever get involved in Bitcoin directly - chances are sub 0.5%.

Quote from: jubalix on July 21, 2017, 02:33:33 AM

3 year out....yeah 100K is possible, but I think it will be more to do with financial markets, not govs getting in.

Basically that. More governments legalizing Bitcoin will definitely contribute towards making Bitcoin far more accessible as investment option for institutions. Also, certain financial instruments (i.e. Bitcoin ETF's) will also heavily contribute towards an insanely higher price. Speaking about ETF's, the SEC still hasn't made any announcements regarding their ETF review. Roll Eyes

ETF's have already happened its on ETH......if you check the dates .....so the SEC is effectively sidelined .... i think its pretty much over for old capital raising now.

HI-TEC99

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It's gone up very fast, but it didn't go up by almost $1000 in one day. During the biggest recent rise it went up by about $550 in one day.

The day before yesterday at 22.00 UTC it was $2293, yesterday at 22.00 UTC it was $2847.

http://www.coindesk.com/price/

1Referee

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Quote from: fearcoka on July 21, 2017, 01:10:48 AM

100.000$ for buy a Bitcoin not impossible, Bitcoin can do that when government accept Bitcoin as digital cash and accept existence of cryptocurrency.

Governments accepting it? You ever read back your posts and realize that certain things don't make sense at all? Governments aren't interested in Bitcoin itself. In most cases it's just the blockchain as technology they see value in. Also, if they ever want to release a government issued digital currency (which is likely going to happen as certain countries have been very open about it), it will be their own centralized version. In that regard, it's highly unlikely to see governments ever get involved in Bitcoin directly - chances are sub 0.5%.

Quote from: jubalix on July 21, 2017, 02:33:33 AM

3 year out....yeah 100K is possible, but I think it will be more to do with financial markets, not govs getting in.

Basically that. More governments legalizing Bitcoin will definitely contribute towards making Bitcoin far more accessible as investment option for institutions. Also, certain financial instruments (i.e. Bitcoin ETF's) will also heavily contribute towards an insanely higher price. Speaking about ETF's, the SEC still hasn't made any announcements regarding their ETF review. Roll Eyes

jubalix

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Quote from: fearcoka on July 21, 2017, 01:10:48 AM

Quote from: jubalix on July 21, 2017, 12:16:13 AM

Bitcoin has been massively depressed due to the internal civil war, which now seems resolved.

Also versus every other asset class bitcoin is un-rigable (if that a word).

Forex, gold , stock, Fiat, bonds, etc they are all subject to massive and irrational gov intervention.

What your seeing is the umasking of the reichsmark like hyperinflation we are actually in masked by low interest rates and money printing / debt issuance.

We are actually in hyper inflation, its just govs/banks a cannot say that, and they are using massive money printing and delegating to banks the debt issuance power, and you see your buying power quickly going down.

Here comes bitcoins.....it cannot be quantitatively eased, guess where the value is going to go by a rational entity......

see you at 100K a bitcoin and then some.

100.000$ for buy a Bitcoin not impossible, Bitcoin can do that when government accept Bitcoin as digital cash and accept existence of cryptocurrency. Investor from other market will know Bitcoin is potential market and make the price increasing stable, not as now just by mentality of trader and speculator

3 year out....yeah 100K is possible, but I think it will be more to do with financial markets, not govs getting in.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

seeing from the dumps towards BTC in just a few days and could heavily make the price falls about 20%, it pretty much makes sense, but that's how the crypto world works.
Have you seen how ETH gaining its price pump until 4000%, you may consider this as the most insane price movement.

boyptc

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Quote from: Bighero76 on July 21, 2017, 12:08:52 AM

i bought 5 btc last weekend in hopes of this. right now i am $5k richer and just cashed out.

i don't see us hitting $3k anytime soon. guarantee this weekend it will stabilize around $2500

Damn I'm striving to earn that for a year but you just earned that less than a week? This is the best thing about crypto currency specifically with bitcoin, the price can go up too much if the demand gets higher. And expect that there is something that is going to balance the rapid price increase. This is the second time seeing bitcoins price quickly.

freedomno1

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Learning the troll avoidance button :)

It is called variance which is normal for Bitcoin, at least before that long steady period large dips and drops were part of the normal operating history and part of the thing that makes speculation so fun at times. Ethereum did that the other day as well then dropped that but it was due to the BTC rally that changed its prices, at the very least it is similar to stocks to an extent the value goes up and down at a whim sometime depending entirely on the sentiment.

coynedterm

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Quote from: minerus on July 20, 2017, 07:27:50 PM

This is completely insane, How can fluctuations like this be possible? It seems to me that people that bought high are now driving market to cover and pull out> Can anyone help me make sense of this, I'm a new member and I day trade stocks. But I cant make sense of this. Its like drunk gorillas hitting the buy button. And all this weeks from a possible split?

Actually all these are parts of the market , in the starting people were fearing that they will.loss their Bitcoin in the network due to experiment but in actual there was no much problem , after the official announcement about this thing that Bitcoin is fully safe and they guided by the post that how to remain safe .
The most of the newbie started to buy the Bitcoin so the price came again at the stable rate again , and I think it will.more and .ore increase again because after segwit2x launching all things will became more efficient in the network to use .
So here we should learn this lesson that never get into panic and buy more and more Bitcoin time to.time by down in every 100$ .

fearcoka

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Quote from: jubalix on July 21, 2017, 12:16:13 AM

Bitcoin has been massively depressed due to the internal civil war, which now seems resolved.

Also versus every other asset class bitcoin is un-rigable (if that a word).

Forex, gold , stock, Fiat, bonds, etc they are all subject to massive and irrational gov intervention.

What your seeing is the umasking of the reichsmark like hyperinflation we are actually in masked by low interest rates and money printing / debt issuance.

We are actually in hyper inflation, its just govs/banks a cannot say that, and they are using massive money printing and delegating to banks the debt issuance power, and you see your buying power quickly going down.

Here comes bitcoins.....it cannot be quantitatively eased, guess where the value is going to go by a rational entity......

see you at 100K a bitcoin and then some.

100.000$ for buy a Bitcoin not impossible, Bitcoin can do that when government accept Bitcoin as digital cash and accept existence of cryptocurrency. Investor from other market will know Bitcoin is potential market and make the price increasing stable, not as now just by mentality of trader and speculator

jubalix

legendary

Activity: 2618

Merit: 1022

Bitcoin has been massively depressed due to the internal civil war, which now seems resolved.

Also versus every other asset class bitcoin is un-rigable (if that a word).

Forex, gold , stock, Fiat, bonds, etc they are all subject to massive and irrational gov intervention.

What your seeing is the umasking of the reichsmark like hyperinflation we are actually in masked by low interest rates and money printing / debt issuance.

We are actually in hyper inflation, its just govs/banks a cannot say that, and they are using massive money printing and delegating to banks the debt issuance power, and you see your buying power quickly going down.

Here comes bitcoins.....it cannot be quantitatively eased, guess where the value is going to go by a rational entity......

see you at 100K a bitcoin and then some.

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