New users are pumping price. :-)
https://blockchain.info/charts/my-wallet-n-users
Topic: Whos pumping bitcoin now? - page 5. (Read 6736 times)
The affect of the halving is pushing it up
WAT? Where've you been, dood? Halving has had no EFFECT, except for the big runup to it. This current bull run--who knows what's driving it? Who knows what drives any of these price movements? Seems to be a nice, slow upward trend, and that would seem to bode well for sustainable gains. But then again, we could crash tomorrow. Hope all of y'all made a profit.
Actually i think this recent pump is to get above before bitfinex hack price range which is above $700. Market was dumped hardly when finex got hacked due to fear of getting market flooded with hacked bitcoin however due to strong buy support as well as no any bitcoin getting flooded over few months after hack to market. People sentiment seem to have changed and they are now trying to ride on next price rally.
It's partially your typical Christmas pump. Around Jan/feb we'll see a dip then steady for a bit. It seems to be fairly consistent in that sense, probably because people are sending more bitcoins around this time of year and need to purchase more through exchanges!
We're also getting a nice correction (may be an overcorrection from the bitfinex hack. I'm sure we'll see a small correction with these big rises in the next week.
The affect of the halving is pushing it up
Huh? No. You're a little late for that rofl.
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?
I have no idea is someone is pumping the bitcoin price, but I think that people are interested in bitcoin and are probably buying because lots of people including me think that bitcoin price will be much higher at the end of this year and beginning of the next year.
The affect of the halving is pushing it up
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?
May be we should start to think this big pumps in late months every year as cristmas pumps 
Actually i think this recent pump is to get above before bitfinex hack price range which is above $700. Market was dumped hardly when finex got hacked due to fear of getting market flooded with hacked bitcoin however due to strong buy support as well as no any bitcoin getting flooded over few months after hack to market. People sentiment seem to have changed and they are now trying to ride on next price rally.
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?
I think is because peoples, that want to sell Bitcoins, transactions are stuck. If they cant sell then price raises since those that can buy can still easily buy on exchanges. Those that want to sell cant move their BTC to exchanges.
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?
Actually im wondering the same thing too when the bitcoin price moves too fast in previous days even it moves $10 on a single night, same to your situation but i do some research regarding on the new and i found out with this statement from news.( " Almost one million bitcoins, worth more than half a billion dollars, are currently stuck in no man’s land as the network struggles to meet rising demand from China. ) So this means Huge demands from china do have a major impact on this price increase which we could say they manage to bought million of bitcoin.
If there is a legit demand of bitcoin then this is not a pump but the actual value of bitcoin. From the qouted info, it only means that more and more people are jumping bitcoin train this 2016. More demand means more buy pressure, if this pressure started to buy agressively then there will be an increase of price that might create a bubble that can be sustain because of the normal growth of bitcoin price.
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?
Actually im wondering the same thing too when the bitcoin price moves too fast in previous days even it moves $10 on a single night, same to your situation but i do some research regarding on the new and i found out with this statement from news.( " Almost one million bitcoins, worth more than half a billion dollars, are currently stuck in no man’s land as the network struggles to meet rising demand from China. ) So this means Huge demands from china do have a major impact on this price increase which we could say they manage to bought million of bitcoin.
I truly believe this one. Thanks for the share bro regarding to this news since i didnt even heard about it and i only know that stuff as you mentioned here in right now. This is a great news for us all bitcoin holders and investors and we would love to see the bitcoins price for more to grow and now its already happening and hopefuly it would continue its rally upto december.
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?
Actually im wondering the same thing too when the bitcoin price moves too fast in previous days even it moves $10 on a single night, same to your situation but i do some research regarding on the new and i found out with this statement from news.( " Almost one million bitcoins, worth more than half a billion dollars, are currently stuck in no man’s land as the network struggles to meet rising demand from China. ) So this means Huge demands from china do have a major impact on this price increase which we could say they manage to bought million of bitcoin.
Yes bitcoin jumped high during this night. Honestly I didn't expected that bitcoin will move away from it's frozen point around 620$. But it happen and I wander why? There are many opinions here why it could happen and i don't know the real reasons of bitcoin's price changing. Hope it will just continue to grow and not come back on it's previouse price. I think it's a big step to bitcoin today. after so long time with stetable price.
It's going up because it broke a triangle and people expect a rally past ATH.
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?
The shortest answer to your question is: and why not? Bitcoin pumps are irregular and hard to predict, therefore any time seems equally appropriate and inappropriate for them. That's the right answer. Bitcoin itself unpredictable, people were expecting big pump on halving but as people expected the price didn't skyrocket but it rose to certain good price. Same happens here people expected for a pump close to the year end but good things have started now itself. In my view the direct usage as well circulation have increased which is pumping the price high.
Bro during last halving in this year, price value moved more than 800$ plus but due to bifinex crises again falls to around 500$ value but now again price is rising and now the value is hitting 650$ around in the market. So soon price move again to same value or more than that.
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?
The shortest answer to your question is: and why not? Bitcoin pumps are irregular and hard to predict, therefore any time seems equally appropriate and inappropriate for them. That's the right answer. Bitcoin itself unpredictable, people were expecting big pump on halving but as people expected the price didn't skyrocket but it rose to certain good price. Same happens here people expected for a pump close to the year end but good things have started now itself. In my view the direct usage as well circulation have increased which is pumping the price high.
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?
This current pump is clearly done by the Chinese because if you try to see the price difference a converted price of Bitcoin to USD at the Chinese exchanges would amount to $705 as of right now. The price of BTC in bitstamp.net is only at $685. That alone tells you that China is pumping money in the system.
If this pump is "legit" or not the answer is only history will tell. If it stays above a certain price higher than now, then yes it is. If it drop below $600 after a few months then not it is not. For me it is a legit price surge because many people may have realized that Bitcoin is the gold standard of all cryptocurrencies.
I think that does the pumping is not the individual. but a great community.
because the number of bitcoin that many would have to have a lot of money too.
because the number of bitcoin that many would have to have a lot of money too.
As always, a group of Chinese people that want to make its million dollar of the month.
the Chinese are pumping it hard and we are happy about that,but how long will this pumping last .will it be a force to reach the $1000 mark by 2016 ,it can reach that 1k figure in a matter of days,so i hope the bull continues for a while
What I mean by that - currently 1 BTC = 4,649 CNY so pump might end when bitcoin's price will reach 5.000.
As always, a group of Chinese people that want to make its million dollar of the month.
the Chinese are pumping it hard and we are happy about that,but how long will this pumping last .will it be a force to reach the $1000 mark by 2016 ,it can reach that 1k figure in a matter of days,so i hope the bull continues for a while
As always, a group of Chinese people that want to make its million dollar of the month.
Economic instability in several regions,
coupled with the recent news that there may (finally) be some technical improvements in the Bitcoin code,
are creating a growth of interest in Bitcoin.
Plus you have rumors of new services like Megaupload using Bitcoin for their service.
The price also has been pretty stable after the volatility around the time of the halving,
so I would think its more likely to go up at this point than down.
coupled with the recent news that there may (finally) be some technical improvements in the Bitcoin code,
are creating a growth of interest in Bitcoin.
Plus you have rumors of new services like Megaupload using Bitcoin for their service.
The price also has been pretty stable after the volatility around the time of the halving,
so I would think its more likely to go up at this point than down.
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