Topic: What caused the recent price increase ? (Read 2057 times)

Yeah for bitcoin it's pretty normal to have big increases/ decreases. In stock trading this is very unlikely but since bitcoin is controlled by a small group of whales they can do whatever they want with the price. And right now they feel it should be worth over 400 dollar.

1/9 only, not really that big, 10% swings is pretty normal on bitcoin, a 30% drop would have been big but it did not happened

and anyway we are heading again toward 420

What caused the recent price drop? The price dropped from $450 to below $400 in just a few days. That is quite big drop.

I can't seem to understand , It was so stable then suddenly and without anything (nothing that I'm aware of) price increased . If I'm not wrong It was 380$ yesterday morning or the day before it , then at the end of day It reached 410$ ~ .

That would be always a part of bitcoin process, as we cannot be sure what is the perfect price to buy bitcoins and to sell it, so if it has rise today it will fall again tomorrow.

i guess people changed it, pump, it should fall soon, and then rise again, and fall again, like always

I can't seem to understand , It was so stable then suddenly and without anything (nothing that I'm aware of) price increased . If I'm not wrong It was 380$ yesterday morning or the day before it , then at the end of day It reached 410$ ~ .

99% of Bitcoin price movements have fuck all to do with 'news' events. Get that into your head and learn to stop being mystified by what Bitcoin does and does not do.

Bitcoin is a cornered market, and thus operated as a cash cow for the very few.....especially those who seem to operate behind the Chinese exchanges and/or control the mining farms out there. There is no good reason why Bitcoin is trading at $400, except for manipulation. Look at the Bitcoin chart....looks just the same as the chart for almost every other crypto out there....agreat big spike at the left of the chart, and a series of smaller spikes all the way across to the right of the chart. What drives all these cryptos? News? Or wild speculation with savvy pumpers n dumpers lurking around behind the scenes ready to take max profits?

If there is likely to be any clearly bullish fundamental news event, then BTC will be pumped well ahead of time. After all, if Bitcoin is going to be in the media or have some other reason which may result in the public coming into Bitcoin, then 'they' are going to want to ensure that the public pays top dollar for their Bitcoin, and will pump Bitcoin so that by the time the public come running in, they contribute towards the final spike, and then the sell off begins, 'despite the good news'. I am sure you have heard the saying "Buy the Rumour, Sell the News" before.

Journalists who report on financial issues, are generally not traders or financial experts, they are......'journalists'. Their job is to find a good story, and where none exists, just make one up and tag it on as though it somehow all made sense. If you are looking for 'news' reports in order to make sense of markets, then you are quite frankly, going to be forever fucked.

Chinese New year being done as well as ETH dumps are probably two of the reasons why the price is steadily climbing.

Don't forget that there are also more and more new people joining into bitcoin on a daily basis. Friends of mine who never talked about bitcoin are now talking about it and even buying bitcoin to buy eth for example.

Things are slowly changing in favor of cryptocurrency and bitcoin will reap the rewards first.

Chinese New year being done as well as ETH dumps are probably two of the reasons why the price is steadily climbing.

I can't seem to understand , It was so stable then suddenly and without anything (nothing that I'm aware of) price increased . If I'm not wrong It was 380$ yesterday morning or the day before it , then at the end of day It reached 410$ ~ .