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Topic: What caused this sudden ~10% increase in Bitcoin Price? - page 2. (Read 4802 times)

sr. member
Activity: 434
Merit: 250
Goxxed....

Only those got Goxxed who panic sold their coins..!!
They must be crying now if they sold around 300.
member
Activity: 84
Merit: 10
Hello World!!!
Goxxed....

Only those got Goxxed who panic sold their coins..!!
sr. member
Activity: 406
Merit: 250
Goxxed....
legendary
Activity: 2179
Merit: 1201
Next time when China bans Bitcoins I dont expect a drop anymore. Because what I´ve learned is that nothing in BTC world happens more then twice. Whales find always new ways to double their money. Exactly then when people don´t expect it.
sr. member
Activity: 434
Merit: 250
Priceboost makes sense since China wont be banning bitcoins after all (for the time being)
Would be nice if they made a final decision because these (not) banning rumours don't do any good.
Yep it would be great if it could get clarrified out.
newbie
Activity: 20
Merit: 0
Priceboost makes sense since China wont be banning bitcoins after all (for the time being)
Would be nice if they made a final decision because these (not) banning rumours don't do any good.
sr. member
Activity: 280
Merit: 250
Its a decent Bulltrap

http://postimg.org/image/cpekdt32n

Trend Line not broken. Last opportunity to cash out Smiley
Indeed
full member
Activity: 215
Merit: 102
Its a decent Bulltrap

http://postimg.org/image/cpekdt32n

Trend Line not broken. Last opportunity to cash out Smiley
full member
Activity: 224
Merit: 100
The massive sell off is over so its time to buy Smiley
hero member
Activity: 840
Merit: 1000
Daily chart breakout plus a couple news items. My question is why has it NOT risen 20% like the previous breakout. Pretty weak.

Also, this move was instigated by China.

Go check the charts. 5 Minute lag between surge in buying power on USD exchanges and Huobi et al.

Taking everything into consideration, it could be entirely possible that this spike was instigated by spike in fake Chinese volume, followed by investors piling in on USD exchanges and shorts getting squeezed out. Perhaps when sufficient support builds, some more large scale dumps are on the cards....

.....certainly Bitstamp are getting very interested on their customers proving where they are getting their funds from. I just transferred less than $5K USD across and they are again requesting payslips, tax returns, etc before they say they will credit my account.....I told them to just credit my fkn account or give me my money back. When an organisation adopts this kind of anti customer policy it is a sure sign that they are under some kind of duress, for some reason.....
global moderator
Activity: 3990
Merit: 2717
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... Everbody was waiting for a dip on the 15th but it didn't come so now there is a panic buy...
You know it's still the 14th, right?

Might not be in his part of the world  Grin.
legendary
Activity: 1092
Merit: 1001
Touchdown
... Everbody was waiting for a dip on the 15th but it didn't come so now there is a panic buy...
You know it's still the 14th, right?
full member
Activity: 862
Merit: 100
Perhaps people realized that what's supposed to happen on April 15th already happened a few days ago. Everbody was waiting for a dip on the 15th but it didn't come so now there is a panic buy. IMO, we need to pass $510 by April 20 or earlier and stay above that to call this a breakout.
hero member
Activity: 728
Merit: 500
Daily chart breakout plus a couple news items. My question is why has it NOT risen 20% like the previous breakout. Pretty weak.
hero member
Activity: 840
Merit: 1000
Anything is possible but most likely, due to the maxed out level of short trades, my money would be on another exchange insider short squeeze. I would imagine that a shit ton of shorts have been squeezed out of their positions and thus contributed to the panic buy-in spike. This theory makes a whole lot more sense to me than some long termed big money investor just going mad for $400+ Bitcoin which is of course what most folks here would like to believe.
legendary
Activity: 889
Merit: 1013
people with money decided that the 340 low was high enough volume to be a bottom. They may or may not be right.
hero member
Activity: 574
Merit: 500
The chinese SFC-LTC Price index just hit a major resistance point of 1.2 (1.2 Special fried chikun dinners per LTC )

This caused all Chinese dinners & lovers of SFC to get on the phone & online to order said dinners for teh previous low  SFC-LTC 1.2

this caused a spike and teh SFC-LTC is now trading at a more respectable 1.45 ... there where rumour s of free prawn carckers with every delivery that was also taken into the price spike calculation

it all makes sense  Cheesy
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!

Doubt it. People always try find a reason for 'why' from a recent piece of good news or story, but sometimes the price just rises due to people buying, although it is annoying people seem to panic sell on the back of any whiff of bad news so I understand why.
sr. member
Activity: 406
Merit: 250
It is just manipulation by Bitstamp.
hero member
Activity: 630
Merit: 500
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