Whats with the sudden surge ? | Bitcointalksearch.org

gabmen

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Quote from: radjie on April 03, 2019, 11:42:08 AM

Quote from: MakeMoneyBtc on April 02, 2019, 11:09:32 AM

The price went up to 5000$ today and I don't if that's a good or bad since since this definitely looks like a pump by whales since I don't think I've ever seen this much growth in such a small time. I guess we'll have to wait and see what's going to happen in the next days/weeks because the price could go up even higher or go down to 4000$

there is no definite news about price increases in the near future, let's look at one week later price movements will continue to increase or vice versa, because many people conclude that price increases are caused by whales that can deliberately pump them.

Well it's been like that for a couple of days now and there seems to be a strong support just around the 4.9k area. You can't count out whales playing with us and it's only been days but we've been moving in a positive way generally.

davinchi

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Quote from: maxreish on April 02, 2019, 09:52:22 PM

It was really surprising to see the green candle. Many investors are really happy and currently enjoying this explosive price spike of bitcoin. I just looked up the market at $4,700 and in an hour it already hit $5,000.
Whatever the possible reasons of the price spike, I am so grateful with that.

We still have very large portion of the whole world that are yet to get the gist about blockchain technology and the benefit of it through cryptocurrency, so I knew a time will come when certain aware will be created that may lead to sudden people coming in to invest, I am sure something in probably a particular region created awareness, that push a mass number of people to adopt, which will really be a good thing if my guess was right because I wouldn’t want to hear that this spike was caused by whales, and like you said, whatever it is, it good it created happy moment once again for most investors, and I do hope we enjoy it while it last.

Quote from: DeathAngel on April 03, 2019, 02:25:37 PM

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You mean just due to the reason of bitcoin's potential, we got those rally ? Then why not in last 15 months ? I mean what had happened to those potential in those periods ?

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There are a few guarantees in life -

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bitgolden

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I did not even get to know on time too so I can catch the pump at the highest price till I got notified by my crypto to fiat exchange through my email, I virtually screamed when I saw it because the spike was too fast and the price difference within such short time was quite high, I also assumed it could be actions of Pump and Dump but as we can see, no much price drop for now and I hope it continues this way, I have actually read a prediction somewhere too where an analyst strongly predicted that the price of BTC would hit $5000 first week of April but didn’t pay much attention to this because of too many predictions in the market, so I am wondering what who would have seen that made him predict almost accurately.

el kaka22

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The price has been stuck between two trends for too long, there are traders who are depending on the price movements to make money and earn a living which means they need to see bitcoin move up and down all the time.

Now, that for months we have been moving between the same prices even at higher rate of 3.2 thousand dollars and 4.2 thousand dollars they were capable of making money, however now that people are not willing to sell bitcoin for too long they have realized that the price must go up in order to keep that up and down motion or even just up motion to make money for those traders which includes all the whales. What we have seen in the past 48 hours has been the reflection of sellers not willing to sell too low and traders who want to see some movements.

radjie

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Quote from: MakeMoneyBtc on April 02, 2019, 11:09:32 AM

The price went up to 5000$ today and I don't if that's a good or bad since since this definitely looks like a pump by whales since I don't think I've ever seen this much growth in such a small time. I guess we'll have to wait and see what's going to happen in the next days/weeks because the price could go up even higher or go down to 4000$

there is no definite news about price increases in the near future, let's look at one week later price movements will continue to increase or vice versa, because many people conclude that price increases are caused by whales that can deliberately pump them.

$anounimus$

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Quote from: maxreish on April 02, 2019, 09:52:22 PM

It was really surprising to see the green candle. Many investors are really happy and currently enjoying this explosive price spike of bitcoin. I just looked up the market at $4,700 and in an hour it already hit $5,000.
Whatever the possible reasons of the price spike, I am so grateful with that.

Indeed, some bitcoin price increases yesterday made many traders like it and they took advantage of such moments to sell the bitcoins they have in order to benefit from what they have bought, now take advantage of moments like this to sell and profit.

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Quote from: shirackjs on April 02, 2019, 01:14:21 AM

I am interested to know as well, can’t find information anywhere too. Have not seen such increase in price for long time and really hope some good news is coming up rather than just another pump and dump.

Many traders were awaiting a breakout in the cryptocurrencies pricing from the channel that it was pushed to in December. I think we are going to have another bullish trend when bitcoin will cross $5500 trading area. It is very important we recognized the infect of technical indicators in cryptocurrencies as the only people that really make money from yesterday pump was the technical traders.

maxreish

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It was really surprising to see the green candle. Many investors are really happy and currently enjoying this explosive price spike of bitcoin. I just looked up the market at $4,700 and in an hour it already hit $5,000.
Whatever the possible reasons of the price spike, I am so grateful with that.

The Sceptical Chymist

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Quote from: zenmaster22 on April 02, 2019, 01:27:05 AM

The rise in the price of bitcoin could be as a result of more demand. If more people in the world begin to use bitcoin, its value would increase.

I highly doubt that's the reason. The average person still has no use for a fiat alternative and won't until fiat currencies crash all over the world--and if that happens, there probably won't be internet or electricity anyway.

Though I'm not a big fan of finding reasons for market movements (I think it's futile unless there's an obvious cause), I bet it was one or two really large players pumping a lot of money into bitcoin very quickly that pushed the price up this much. And what probably helped was a bunch of smaller investors who saw the moon rocket starting to take off and decided to jump on board. That's usually what happens when the price starts to increase.

If this keeps up, pretty soon we'll start seeing threads about fools mortgaging their houses to buy bitcoin, people selling their kids' toys, and all the other bull market euphoria craziness that comes along with it. Ah, the good ol' days.

kiansantan

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I think this is indeed very surprising. Value enhancements that are far beyond the predictions of crypto experts. I think this is indeed a surprise at the beginning of the month. This increase is a big question mark for traders. And excitement is anxious. Advantage or is this the beginning of a trap.

Adriano2010

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Maybe yes, the whales buy now how much they can at this price and will wait for a next rotund to buy again more and more, and this can cause who know a bull run sooner than expected.

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The whales are buying back.

MakeMoneyBtc

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The price went up to 5000$ today and I don't if that's a good or bad since since this definitely looks like a pump by whales since I don't think I've ever seen this much growth in such a small time. I guess we'll have to wait and see what's going to happen in the next days/weeks because the price could go up even higher or go down to 4000$

romero121

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This growth is predicted to happen with the previous price pumping that crossed $4200, but it didn't gained much resistance for a forward price push. Now the price above $4200 is quite strong with good resistance. In specific bitcoin has increased and the same has led to the increase of the top altcoins and the other altcoins that are being developed following the top altcoins in the market.

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Quote from: daniel002 on April 02, 2019, 02:01:51 AM

Is it the SEC that approves 2 bitcoin etf's? Just search it in Google.

I also read an article about that, but I think it was just an April fools joke.
If it's ETF approval, it would take higher than the current price now.

I don't see any significant news that would pump this hard, and I like that as there was no hype, I guess the market are due for this a long time already.

lablab03

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I'm very curious also why this is happening right now wherein without any specific reason that popping up around the internet. I have doubts maybe this is a sudden bump again by whale's and will ended up again on manipulation ? because this high jump is very rare to happen on this market to be honest.wherein since bear season and many reason occur in this year. So very suspicious scenario for me.

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Quote from: jakelyson on April 02, 2019, 02:25:39 AM

Quote from: daniel002 on April 02, 2019, 02:01:51 AM

Is it the SEC that approves 2 bitcoin etf's? Just search it in Google.

That is an April Fool's joke. There is no approved ETF yet. Or maybe they believed the joke and the price surge. hmmm

AFAIK, there is no basis for this price surge, so I am thinking it is just P&D. But it does not mean we can't take advantage of this great opportunity.

On the contrary, SEC days ago has has delayed it's decision on the 2 Bitcoin ETF's proposal in their pipeline and this is the official statement:

1. CBoE - (https://www.sec.gov/rules/sro/cboebzx/2019/34-85475.pdf)
2. NYSE - (https://www.sec.gov/rules/sro/nysearca/2019/34-85461.pdf)

I created a thread hours ago before the actual pump here (https://bitcointalksearch.org/topic/bakkit-update-5127105). It's about the Bakkt Bitcoin future offerings update. But I'm not sure if it's the cause of the good spike today, more than 10%? Just like in the previous bull-run? LOL.

niisarearning

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Even i am searching for genuine reason . I am reading lots of news fianl i end up here . Hope it will not just pump and dump . Even i am investor in traditional market after huge bear run about more than 6 months . Now market recovering . I think after tax calculation and financial year end .People started to invest it seems.

ahmadinejad93

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Today, Tuesday (2/4/2019), the price of this digital currency suddenly rises much higher. One of them is a Bitcoin whose price rises high. to date, the price of Bitcoin has reached US $ 4,807 / coin.

Topic: Whats with the sudden surge ? (Read 597 times)