Topic: What caused the recent price increase ? - page 2. (Read 2057 times)

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

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.

Yeah we're definitely not going sub-$350 anymore, now. I feared for a while, and it made me not dare to buy at that time, but now Mike Hearn is passed, Segwit is out and bitcoin is up. We might stagnate around $400 for some days but the next move is to get right back to $450 and maybe upper, who knows. It's buy time now.

Keep in mind that if Chinese pumpers or your so called beloved manipulators do the pumping move, the current price is really a dissapointment.

since this is a small price rise it might be Chinese coming back to bitcoin once again. it can be some small news here and there like the rumor about steam accepting bitcoin.

and you should not forget, this is just coming back to the price it was a while back (~$450) the drama of Mike Hearn is past so the effect of it should wear off too.

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 exchanges show $420 to be their current ticker price. I don't know why the other exchanges are struggling to keep the price at exactly $400. Do we need China to go to $450 in order to see the prices here at $410-$420!?

China have a long holiday for their New Year. As far as I'm aware they return to work today. Maybe this is the first time their banks are updating & releasing funds etc. Maybe China has been buying today.

I see price action differently. It is actually very positive, both if you are day-trader (or short term minded) and for long-term holders.
Short-term guys should be happy due to the moves you just mentioned. these were fantastic opportunities for chunky gains, if you got it correctly.
Long-term guys, got the reversal of the 18 month long bear, a positive change in sentiment that holds all the way from late summer 2015 till now.
And volatility? Well, that is Bitcoin (and in its early years), and volatility is part of this game. If you can't handle it, you may want to switch to some more mildly behaving assets.

Why does there always have to be a reason for a price rise?!
It was just a small jump to 407 at peak and is down now to 400 again.
We've seen this a thousand times.It's just the market, more buyers than sellers.Some guys took profits and so on and so on.

This price rise is nothing more than a return to where it was before the Mike Hearn tantrum.

The price stable? In the past 6 months it has gone from under $200 to over $500, back down to under $300 and back up to over $450, down to $350 and back up over $400 again. That's hardly stable. It's a freaking roller coaster.

negative interest rates are being "studied" and even implemented in some countries.  Gold is going up, btc is following.

The end of the chinese new year, I think.

But I don't know if this was a natural growth or just a pretext for a pump

Well i think this is the reason why the value of bitcoin is increasing and now its stable to 400 above.. But sooner or later bitcoin will increasing more if the price of ethereum going down .And i think Investors sell their ethereum to bitcoin. so the the price of bitcoin will be increase..

i believe it has to do with some hands panic selling on eth and investing on bitcoin

you see there was a small dump on ethereum and a small increase on bitcoin, when altcoin get dumped the first option is always bitcoin

Do you think that the price simply doubling or achieving some value that should still be profitable for mining is not manipulation ? loll

This isn't a price increase. It's just jumped by a little percentage and that is a normal one.

No manipulators move here 100%. All are just normal market move.

I beleive you should know by now that bitcoin can rise or fall at no news by $20-30 (which is still less than 10%) and that is perfectly normal. Currently we are in the horizontal channel between $350 and $415 and a rise from a middle of such channel to its lower or upper band (as in this recent example) is nothing surprising. Now we should be stopped by the upper band of the channel, and if there are no positive news, return back to where we were previously.

I bought some bitcoins the other day, didn't mean to pump it. 

could be because of that news Ya-ing posted above, or whales pumping the price in hope of gaining some momentum, or maybe because some people want to send bitcoin instead of giving chocolates for this valentine.
the point is, we won't know for sure.  

btw the price was around $390-$400 yesterday.