What is driving the price crazily up???? - page 2.

jamesc760

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Quote from: DustyRah on May 20, 2014, 08:37:13 PM

Quote from: byt411 on May 20, 2014, 12:12:47 PM

What's going on? The price just spiked from $469 to $498. Don't see any amazing news, although I have been expecting to go up.

The indicators show its out of the downtrend and is infact in a uptrend now. Those types of indicators are attractive to traders in general which is one of the causes for the rally.

Its not only fundamentals that drive the price, technicals matter too.

Blah blah uptrend blah blah blah indicators blah blah blah rally blah blah blah technical blah blah blah blah.

DustyRah

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Quote from: byt411 on May 20, 2014, 12:12:47 PM

What's going on? The price just spiked from $469 to $498. Don't see any amazing news, although I have been expecting to go up.

The indicators show its out of the downtrend and is infact in a uptrend now. Those types of indicators are attractive to traders in general which is one of the causes for the rally.

Its not only fundamentals that drive the price, technicals matter too.

serenitys

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Be Here Now

And at 8:30pm, with it hovering at 499, I want to know who the wiseass is who won't let it get up over $500, toss down one more buck, already. Don't they know over 500 would motivate some people to jump in?

Bitcoin is being held hostage by 93 friggin cents. Grin

windpath

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In the Reddit thread I mentioned above (link), this made me smile....

Thursday, I've got to remember to check on Thursday....

bitcoinsrus

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Quote from: freedomno1 on May 20, 2014, 07:58:39 PM

I was also curious as to what was causing the recent price jump
It is a nice change of pace though from all the bearish sentiment but I was wondering if it was a signal of sorts or just a random fluctuation
Guess I will wait a few more days before celebrating a rally

I think something had to give. Either more FUD from China causing a 339 retest or people getting burnt out from worrying, by all the bs from there.

Like on april 11th when btc went to 339, I think it took into account further restrictions from china that was suppose to come. Maybe this mini upswing is the cause of some future good news.

freedomno1

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Learning the troll avoidance button :)

I was also curious as to what was causing the recent price jump
It is a nice change of pace though from all the bearish sentiment but I was wondering if it was a signal of sorts or just a random fluctuation
Guess I will wait a few more days before celebrating a rally

Edit in: Bullish Google indicator ?
http://www.reddit.com/r/Bitcoin/comments/262kye/chrome_team_here_heres_what_happened_with/

•A malware developer hoping to steal bitcoin keys copied the kryptokit extension codebase in order to build their own malicious extension.

•The pipelines that we use to detect malware flagged the real kryptokit extension as being nearly identical since the vast majority of the effective code and assets were the same, causing the extension to be blacklisted.

•We noticed the conversation on /r/bitcoin (many of us are enthusiasts, too!) and realized what had taken place. The krypto-kit extension was restored and re-enabled on users machines.

•No data was removed from user machines at any point.

windpath

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My final speculation is that Acidyo on Reddit was right:

A 700 btc sell order just got bought on bitstamp, the moon is shining early today

http://www.reddit.com/r/Bitcoin/comments/2615rb/a_700_btc_sell_order_just_got_bought_on_bitstamp/

jamesc760

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Well, that explains it. Sleeping bear's head exploded ^^^^^, thus no bears are left on the face of the earth, bulls rejoice!

aztecminer

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Quote from: serenitys on May 20, 2014, 03:05:58 PM

Here's a sampling of today's and recent news:

...Gold weakens

u mean "gold is manipulated down" ..

serenitys

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Be Here Now

Here's a sampling of today's and recent news:

In the news....

...The markets did the opposite of bitcoin and dropped...

http://www.newsday.com/business/stocks-down-sharply-on-weak-retail-earnings-1.8077278

http://www.thestreet.com/story/12716065/1/final-hour-sentiment-blow-from-retail-blues.html

...Gold weakens

http://www.forbes.com/sites/kitconews/2014/05/20/gold-weaker-new-fundamental-inputs-awaited/

...The FED says they're incompetent imbeciles but hey, they really did save us from economic collapse...

http://www.star-telegram.com/2014/05/19/5831303/bernanke-says-mistakes-were-made.html

...Credit Suisse got in trouble....copped to it

http://dealbook.nytimes.com/2014/05/19/credit-suisse-set-to-plead-guilty-in-tax-evasion-case/

...All this stuff...

http://www.ft.com/home/us

...Assorted First World problems....

http://www.wsbt.com/news/nationworld/10m-yacht-capsizes-upon-launch/26076372

...McDonald's not happy with creepy clown...

http://www.bustle.com/articles/25151-mcdonalds-new-mascot-happy-is-the-stuff-of-nightmares

...Julian Strikes Back - bout had enough of the US's shit

http://rt.com/usa/160240-wikileaks-greenwald-intercept-phones/

...China's still steamed at the US, dissing Windows 8

http://www.theglobeandmail.com/report-on-business/international-business/china-bans-use-of-microsofts-windows-8-on-government-computers/article18762841/

...China & Russia having a lover's quarrel

http://www.voanews.com/content/xi-putin-promise-closer-ties-at-meeting-in-shanghai/1918247.html

....And meanwhile, somewhere in China, they were dodging UFOS slash not Russian rocket debris

http://www.huffingtonpost.com/2014/05/19/ufos-crash-china-villages_n_5353750.html?ir=Weird+News

...US "concerned" about dependence on Russian rocket technology

http://www.ft.com/cms/s/0/27eb43c6-e03b-11e3-b341-00144feabdc0.html#axzz32HoWztGm

NASA prepares to fuck with the American heartland and the south by showing off its alien space technology stolen from the Roswell crash site debris

http://www.ibtimes.co.uk/nasa-supersonic-flying-saucer-test-flights-prepared-mars-mission-1449318

....The apocalypse has officially begun

http://www.techsonia.com/extinct-nightsnake-species-reappears-in-mexico/199392/

http://www.livescience.com/45702-fanged-cannibal-lancetfish-north-carolina.html

http://www.livescience.com/45532-exploding-head-syndrome-sleep-disorder.html

http://www.livescience.com/45740-beef-bacon-product-schmacon.html

Or....

Science, bitches

http://www.thedailybeast.com/articles/2014/05/20/we-can-create-matter-from-light.html

...Everything on here....

http://www.coindesk.com/

...and here

http://bitcoinmagazine.com/

houseo

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Quote from: rohnearner on May 20, 2014, 02:27:13 PM

Only question that i ask is will it stay around 500$ mark or will it fall down again in next few days back to 430$ mark , If it stays at 500$+ mark for next few weeks than I can say there is some real good times coming ahead

based on what?

rohnearner

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REAL-EYES || REAL-IZE || REAL-LIES||

Only question that i ask is will it stay around 500$ mark or will it fall down again in next few days back to 430$ mark , If it stays at 500$+ mark for next few weeks than I can say there is some real good times coming ahead

bitcoinsrus

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Quote from: T.Stuart on May 20, 2014, 02:23:18 PM

I guess it must be this: "More Bad News for Bitcoin"

http://www.theblaze.com/stories/2014/05/20/more-bad-news-for-bitcoin/

Huh

http://www.coindesk.com/africas-first-bitcoin-atm-ready-may-launch/
...followed by good news Wink

T.Stuart

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One Token to Move Anything Anywhere

I guess it must be this: "More Bad News for Bitcoin"

http://www.theblaze.com/stories/2014/05/20/more-bad-news-for-bitcoin/

Huh

kingscrown

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http://fuk.io - check it out!

not sure but im happy its happening

RockHound

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Quote from: byt411 on May 20, 2014, 01:43:21 PM

It's still hovering around $490 lol. I'll see if my prediction is correct, $500+ by midnight.

Pretty good prediction I would say

Bitstamp hovering $500. Other exchanges seem to be $15-20 under?

rudius

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Quote from: kooke on May 20, 2014, 01:46:02 PM

I wouldn't say that the price is rising crazily, but it does appear that the downtrend is reversing. If I had fiat on an exchange right right now, I'd exchange it into BTC asap.

Yeah. No need to always link a news to a spike.

We had very very low volume recently. Traders were waiting for bears to show up. No bears in sight, so some traders grew impatient. I understand them. I m waiting for a full moon this year.

kooke

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Bitcoin super-duper-mega-ultra-hyper-node

I wouldn't say that the price is rising crazily, but it does appear that the downtrend is reversing. If I had fiat on an exchange right right now, I'd exchange it into BTC asap.

byt411

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It's still hovering around $490 lol. I'll see if my prediction is correct, $500+ by midnight.

RockHound

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Quote from: navigator on May 20, 2014, 01:27:25 PM

The long stable boredom periods are always followed by a breakout to the upside. Bitcoin is just doing what it do.

Historically your right. I'm other side of the fence at the moment - waiting for the price to rebound back down - it probably wont, guess will just let Bitcoin do it's thing

Topic: What is driving the price crazily up???? - page 2. (Read 5723 times)