Whos pumping bitcoin now? - page 4. | Bitcointalksearch.org

azguard

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Quote from: 1Referee on October 31, 2016, 02:55:42 AM

Quote from: TERA on October 30, 2016, 03:18:31 PM

A few percents per day IS slow for Bitcoin, very slow. If you were in 2011-2013 you would regularly see days where the price jumped +33% in a day. Back then we would debate whether the 33% jump was natural and say the a "slow natural growth" might be just a few percent per day.

It's not slow, you have to look at it as being something that will be getting more normal with the time. The days where you would see huge daily price swings, are not relevant to the situation right now anymore. Right now there is much more money involved (things got more serious), traders and people holding Bitcoin matured (also their way of thinking), Bitcoin is being less (till the extend that it is barely) news sensitive, etc.

All things combined make the world of Bitcoin look different right now. I don't say that you should forget about heavy volatility from time to time, but we will surely experience more slow price movements in the coming years. I think it's a great thing as it might start to attract the average joe and more wealthy people to put money into Bitcoin. Stability is what they are looking for.

sure things are serious at this point we have more companies involved and think that now they starting to accept bitcoin as good and stable value (currency)
this will be in next year or two more adopted so with this percentage in price go up or down i dont mind at all
it will be good in next period and most important is that price is stable

serjent05

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Quote from: 1Referee on October 31, 2016, 02:55:42 AM

Quote from: TERA on October 30, 2016, 03:18:31 PM

A few percents per day IS slow for Bitcoin, very slow. If you were in 2011-2013 you would regularly see days where the price jumped +33% in a day. Back then we would debate whether the 33% jump was natural and say the a "slow natural growth" might be just a few percent per day.

It's not slow, you have to look at it as being something that will be getting more normal with the time. The days where you would see huge daily price swings, are not relevant to the situation right now anymore. Right now there is much more money involved (things got more serious), traders and people holding Bitcoin matured (also their way of thinking), Bitcoin is being less (till the extend that it is barely) news sensitive, etc.

All things combined make the world of Bitcoin look different right now. I don't say that you should forget about heavy volatility from time to time, but we will surely experience more slow price movements in the coming years. I think it's a great thing as it might start to attract the average joe and more wealthy people to put money into Bitcoin. Stability is what they are looking for.

Well people are used to a wild swing in price of bitcoin, so it is typical to have a slow obesrvation when bitcoin become a bit stable and increase in price in little percentages. The fact that bitcoin is now taken seriously by either banks and large company simply means that bitcoin is gaining grounds and trust of the people. We will see another wild swing in price and then slowly becoming stable when all those who want to jump in bitcoin trend had already have their seats.

1Referee

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Quote from: TERA on October 30, 2016, 03:18:31 PM

A few percents per day IS slow for Bitcoin, very slow. If you were in 2011-2013 you would regularly see days where the price jumped +33% in a day. Back then we would debate whether the 33% jump was natural and say the a "slow natural growth" might be just a few percent per day.

It's not slow, you have to look at it as being something that will be getting more normal with the time. The days where you would see huge daily price swings, are not relevant to the situation right now anymore. Right now there is much more money involved (things got more serious), traders and people holding Bitcoin matured (also their way of thinking), Bitcoin is being less (till the extend that it is barely) news sensitive, etc.

All things combined make the world of Bitcoin look different right now. I don't say that you should forget about heavy volatility from time to time, but we will surely experience more slow price movements in the coming years. I think it's a great thing as it might start to attract the average joe and more wealthy people to put money into Bitcoin. Stability is what they are looking for.

CoinCidental

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Quote from: amacar2 on October 30, 2016, 01:11:54 PM

Quote from: Pierre 2 on October 30, 2016, 12:15:15 PM

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

Both pump and dumps are likely in few months ago also price was showing really nice uptrend but gone through big dumps due to bitfinex hack. So if there will be no such hacks of million $ worth bitcoin or similar things chances of price getting dumped hardly is really low, looking at the current support level bitcoin have.

bitfinex wasnt hacked ,unless you mean the ceo hacked it into his own pocket lol

but there are fewer and fewer places if any where one could hack as many coins as that ever again

mt gox : 850,000 btc in 2013
bitfinex: 120,000 btc in 2016

______________ btc in 2017/18 (it will have to be a much smaller number than previous hacks because there is less centralised failure points and people are more careful with their btc now than ever before only investing a fraction % in any site etc instead of 100%

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Quote from: Pierre 2 on October 30, 2016, 12:15:15 PM

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

very true
coin scarcity is coming into play

there are a lot less spare coins kicking around than there used to be
some people estimate that 30% of bitcoins maybe lost in the early days
and coins are thus much more scarce than they appear

there will enevitably be some dumping at 700 and 800 but thats fine ,those people wont be able to buy back in
when the price goes up over 1500-3000 and it will hapen quicker than people thought possible when we reach that tipping point

TERA

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A few percents per day IS slow for Bitcoin, very slow. If you were in 2011-2013 you would regularly see days where the price jumped +33% in a day. Back then we would debate whether the 33% jump was natural and say the a "slow natural growth" might be just a few percent per day.

lionheart78

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Quote from: bitjoin on October 30, 2016, 01:01:36 PM

Quote from: choppork on October 30, 2016, 09:24:22 AM

Quote from: Ted E. Bare on October 27, 2016, 06:33:18 AM

I don't believe it has much to do with pump and dump groups this time. In my opinion it's more about natural growth with bitcoin's fundamentals and technicals looking good. Bitcoin makes for a great investment nowadays, and after the halving more and more people started to realize this. Baby steps!

I wouldn't say it's "natural growth" because obviously someone pumped the market this week. It's not 'natural growth'. Natural growth should be a slow increase in the price. Not like this one. As I'm typing this reply, the market is starting to go down again. Maybe it's the classic pump and dump groups again. Who knows?

There's still November and December. We can literally say, "Brace yourselves, winter is coming." now and it's on the holidays when people start pumping the market again.

The exact jumps in price up or down dont relate to "natural growth" in the bigger picture. This move up could just as easy be bitcoin catching up to where its supposed to be.

Lets not forget bitcoin is here to change the world the natural purchasing power of 1 single bitcoin would be huge. We are already behind stuck at a pathetic $700 bitcoin which wont make any social change at that price.

I agree the ups and downs of bitcoin price is the natural growth probably to the bigger picture. As long as there is no bad press, we can see this price in an uptrend phase. In addition to this, there are upcoming updates that will at least covers the issue about the confirmation delays of bitcoin. If the implementation is successful and it is working fine, we can see another big rise to Bitcoin.

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Quote from: Pierre 2 on October 30, 2016, 12:15:15 PM

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

Both pump and dumps are likely in few months ago also price was showing really nice uptrend but gone through big dumps due to bitfinex hack. So if there will be no such hacks of million $ worth bitcoin or similar things chances of price getting dumped hardly is really low, looking at the current support level bitcoin have.

bitjoin

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Quote from: choppork on October 30, 2016, 09:24:22 AM

Quote from: Ted E. Bare on October 27, 2016, 06:33:18 AM

I don't believe it has much to do with pump and dump groups this time. In my opinion it's more about natural growth with bitcoin's fundamentals and technicals looking good. Bitcoin makes for a great investment nowadays, and after the halving more and more people started to realize this. Baby steps!

I wouldn't say it's "natural growth" because obviously someone pumped the market this week. It's not 'natural growth'. Natural growth should be a slow increase in the price. Not like this one. As I'm typing this reply, the market is starting to go down again. Maybe it's the classic pump and dump groups again. Who knows?

There's still November and December. We can literally say, "Brace yourselves, winter is coming." now and it's on the holidays when people start pumping the market again.

The exact jumps in price up or down dont relate to "natural growth" in the bigger picture. This move up could just as easy be bitcoin catching up to where its supposed to be.

Lets not forget bitcoin is here to change the world the natural purchasing power of 1 single bitcoin would be huge. We are already behind stuck at a pathetic $700 bitcoin which wont make any social change at that price.

Pierre 2

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I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

choppork

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Quote from: Ted E. Bare on October 27, 2016, 06:33:18 AM

I don't believe it has much to do with pump and dump groups this time. In my opinion it's more about natural growth with bitcoin's fundamentals and technicals looking good. Bitcoin makes for a great investment nowadays, and after the halving more and more people started to realize this. Baby steps!

I wouldn't say it's "natural growth" because obviously someone pumped the market this week. It's not 'natural growth'. Natural growth should be a slow increase in the price. Not like this one. As I'm typing this reply, the market is starting to go down again. Maybe it's the classic pump and dump groups again. Who knows?

There's still November and December. We can literally say, "Brace yourselves, winter is coming." now and it's on the holidays when people start pumping the market again.

Caladonian

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Quote from: brian_23452 on October 30, 2016, 03:48:17 AM

Quote from: serjent05 on October 30, 2016, 01:46:43 AM

Quote from: gkv9 on October 29, 2016, 06:34:01 AM

Quote from: Odalv on October 29, 2016, 04:20:12 AM

New users are pumping price. :-)
https://blockchain.info/charts/my-wallet-n-users

That one is a drastic increase and can be called as insane when it comes to number of users...
If they are buying the coins, even $1 worth of Bitcoins per person, then possibly we are going to see some hazardous movements in the value of BTC in near time...

If this is a bubble then we must take advantage of this bubbles. This will be an early phase of bitcoin bubble, more price increase is to be expected in the next weeks. And yes bitcoin price will certainly fall deep when the bubble burst just like what happened to bitcoin price last 2013 - 2014 when the 2013 bubble burst.

Yup if people will start dumping their coins then we may see price going down again but at a moment price is rising and we can expect much higher price in next couple of months as more people are getting into bitcoins and buying at a moment and that is the reason price is going higher.

lets continue helping the chain by motivating more people to appreciate this type of investment the more people will get involved the more chances
the price will continue to rises up, bitcoin is really rallying brcause of new investors who's joining and see the possible good profits in return.

Mr. Green

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Quote from: serjent05 on October 30, 2016, 01:46:43 AM

Quote from: gkv9 on October 29, 2016, 06:34:01 AM

Quote from: Odalv on October 29, 2016, 04:20:12 AM

New users are pumping price. :-)
https://blockchain.info/charts/my-wallet-n-users

That one is a drastic increase and can be called as insane when it comes to number of users...
If they are buying the coins, even $1 worth of Bitcoins per person, then possibly we are going to see some hazardous movements in the value of BTC in near time...

If this is a bubble then we must take advantage of this bubbles. This will be an early phase of bitcoin bubble, more price increase is to be expected in the next weeks. And yes bitcoin price will certainly fall deep when the bubble burst just like what happened to bitcoin price last 2013 - 2014 when the 2013 bubble burst.

Yup if people will start dumping their coins then we may see price going down again but at a moment price is rising and we can expect much higher price in next couple of months as more people are getting into bitcoins and buying at a moment and that is the reason price is going higher.

serjent05

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Quote from: gkv9 on October 29, 2016, 06:34:01 AM

Quote from: Odalv on October 29, 2016, 04:20:12 AM

New users are pumping price. :-)
https://blockchain.info/charts/my-wallet-n-users

That one is a drastic increase and can be called as insane when it comes to number of users...
If they are buying the coins, even $1 worth of Bitcoins per person, then possibly we are going to see some hazardous movements in the value of BTC in near time...

If this is a bubble then we must take advantage of this bubbles. This will be an early phase of bitcoin bubble, more price increase is to be expected in the next weeks. And yes bitcoin price will certainly fall deep when the bubble burst just like what happened to bitcoin price last 2013 - 2014 when the 2013 bubble burst.

Odalv

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It is only question of time when price will follow same trend.
http://bitcoin.sipa.be/speed-lin-ever.png

gkv9

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Quote from: Odalv on October 29, 2016, 04:20:12 AM

New users are pumping price. :-)
https://blockchain.info/charts/my-wallet-n-users

That one is a drastic increase and can be called as insane when it comes to number of users...
If they are buying the coins, even $1 worth of Bitcoins per person, then possibly we are going to see some hazardous movements in the value of BTC in near time...

BlackPanda

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no one can be sure who the perpetrators of the pump. but clearly there has been a significant increase, it could be a community has spent a lot of money to do this.

bitjoin

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Quote from: bamboylee on October 27, 2016, 05:36:04 AM

Before I sleep last night the price was just below 660, and now it is above 680. It even hit 690 at one point. It this a legit price increase or is it just a pump for the holiday? Why does bitcoin price seems to pump around this time of the year?

Nobody is pumping, this move is the same move from like $10 to $11 back in 2012/13. Its the post halving climb getting ready for a larger move who knows when.

Caladonian

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Quote from: Odalv on October 29, 2016, 04:20:12 AM

New users are pumping price. :-)
https://blockchain.info/charts/my-wallet-n-users

huge jumped but thanks to them since bitcoin really moving and its doing it great hope it will continue to break 1k who ever making this pump
its really enjoying glad to have them to this investment business.

Topic: Whos pumping bitcoin now? - page 4. (Read 6736 times)