The most possible scenario behind recent pump of Bitcoin is bad situation of yuan in China. Yuan is falling so Chinese traders switch to bitcoin in order to put money into different asset.
Bitcoin usage, ease of mining due to low electricity cost and raised awareness of Bitcoin possibilities is driving Chinese investors towards buying more BTC.
Topic: Whos pumping bitcoin now? - page 6. (Read 6736 times)
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. 
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 was slowly converting some of my savings I have in fiat into bitcoin a few days ago. I'm so glad I did. I eventually just went and put another 25% of what I had in fiat in bitcoin so I'm really glad I finally listened to my gut and not my greed. I will just hold now as i rather use bitcoin then fiat anyway.
We can only speculate who or what is responsible for this increase in BTC price.Maybe is China again as well as last year,but these year price is rising slowly,so there could be a number of factors affecting price.The situation is somewhat different than last year and everything looks much more stable and better.
If China is behind this then we will see same story from last year,first they pump price and then dump all coins,make profit and begin to prepare for Chinese New Year
If China is behind this then we will see same story from last year,first they pump price and then dump all coins,make profit and begin to prepare for Chinese New Year
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?
Before the bitfinex breached do you remember that there is already a rapid increased that happened? If I'm not mistaken it did reached to $750+
And after that incident it fell down rapidly too, so base on what happened from past months, I think that this is just normal that bitcoin will rise again.
Maybe it has really something to do with the majority people living in China that are trying to adopt bitcoins.
The only things that we're waiting are SegWit and Lightning Network, but the hype isn't as high as bitcoin halving because many people can't trust both of them.
I guess without hype or good news, i think it's just price manipulation by trader/whale & afraid some people might dump their bitcoin, then bitcoin price returned back.
I guess without hype or good news, i think it's just price manipulation by trader/whale & afraid some people might dump their bitcoin, then bitcoin price returned back.
I dont think that their is any pumping is going in bitcoin , this price raise is natural as it was very long due, as traders where waiting for price to get down to buy back that is why the price was stable and now they are buying back and the price is jumping naturally.
The recent pump is because of one country china,the Chinese government has started crack down on wealth management products because big companies and the rich are holding their wealth in these and they are implementing tight rules and i doubt people will be switching their wealth to bitcoin and so is the price rise at the moment
It could very well be true that no major trader is pumping this right now and instead, the people are buying.
Can you really blame them? For the first time the prices have been (somewhat) gradually growing and stable. Stability is key if you want to be attractive to any serious investor.
That doesn't mean, however, that there won't be a dump shortly after such a rapid increase in price. Whoever is sitting on a big pile of coins and bought them around $400 or so, must be getting very impatient.
Can you really blame them? For the first time the prices have been (somewhat) gradually growing and stable. Stability is key if you want to be attractive to any serious investor.
That doesn't mean, however, that there won't be a dump shortly after such a rapid increase in price. Whoever is sitting on a big pile of coins and bought them around $400 or so, must be getting very impatient.
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 none is pumping here, i think just people are buying into the pump because they see a increase, more increase will bring even more increase, it's a cicle that stop at some point and then you have a new dump
Why does bitcoin price seems to pump around this time of the year?
Probably because it happened last year, and the year before it as well. And in that regard people will just assume it will happen again, which you seem to think as well. As result you will see people anticipating on a likely break-out in the price by starting with buying up some "last minute" coins, in order to be ready to sell when the price really rockets up.
That's probably why, I was reading a post in a thread about the Kraken in service discussion in which someone said he tried to deposit £9K in September to get in early because he anticipated the price going above £500. There are also other people in that thread who deposited in anticipation of a pump. This time last year the price doubled and people are buying because they anticipate another pump.
I'm trying to deposit £9K and have supplied proof of earnings for way over £25k.
I made this deposit back in September when BTC was < £500 in an attempt to get in early. I've missed that boat.
I agree to a degree. I've been saying btc will rise to about 900 by the end of 2016. It's the end-of-year rise for btc. I just don't think we will see 1000, though. It's almost impossible, 900 isn't insurmountable.
Having said it, Get Ready For a Big Crash in January 2017!!! You Have Been Warned!!!
why? we've been uptrending since june 2015 Having said it, Get Ready For a Big Crash in January 2017!!! You Have Been Warned!!!
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?
Same before i sleep last night i just view the bitcoin price in preev then seeing now the bitcoin price is now at $681 dollars this is really awesome if bitcoin price will increase tomorrow by chance then it will beturn into $690 for sure growing bitcoin price every 24 hours past this is really great. 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 there an spike happening on this november 9th i don't think so but in last year there an spike happens so that i think there are lot's of investors or businessman who really want to price increase not just them but for there company too it will hit the point of range of $700 @ OP
What role does it play who is behind the run? It could just be the market.
I don't think there is some special kind of agenda or group behind that upwards movement.
Ok maybe it's China! China!China!
What role does it play who is behind the run? It could just be the market.
I don't think there is some special kind of agenda or group behind that upwards movement.
Ok maybe it's China! China!China!
I do not know the years before, but I think the same scenario happens last year around this time. So I thought there must be a force that is driving this price increase. But of course, I could be wrong and I am just imagining things.
Before I sleep last night the price was just below 660, and now it is above 680. It even hit 690 at one point. It this a legit price increase or is it just a pump for the holiday? Why does bitcoin price seems to pump around this time of the year?
I'm not sure who did it. however I think that the price of bitcoin increased due to the use of more widely used. High growth and development makes bitcoin sought after by many people.Whoever did this will its really great to see the result of there doings and i think the earnings we can get for the price rise will still continue since the price still climbing up for more, and maybe we can still contribute to this one if we select to hold and to buy some, 700$ price mark are almost been achieved, so better we should watch and monitor to earn and we surely not late for such events if something bad happen to the bitcoins price.
Natural rise, maybe? Why there is always need to be some pump and dump, there can he just rise in demand. While I'm writing this I reminded about arrival that I saw
'Some governments are buying bitcoins and holding them for possible ransom requests in the future.'
Maybe this is the reason for increased demand and price.
'Some governments are buying bitcoins and holding them for possible ransom requests in the future.'
Maybe this is the reason for increased demand and price.
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!
Baby steps indeed, in the long run this is nothing. Those of us who HODL need to stay strong & not sell our coins then we will be rewarded in years to come for our patience.
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'm not sure who did it. however I think that the price of bitcoin increased due to the use of more widely used. High growth and development makes bitcoin sought after by many people.
I agree to a degree. I've been saying btc will rise to about 900 by the end of 2016. It's the end-of-year rise for btc. I just don't think we will see 1000, though. It's almost impossible, 900 isn't insurmountable.
Having said it, Get Ready For a Big Crash in January 2017!!! You Have Been Warned!!!
Having said it, Get Ready For a Big Crash in January 2017!!! You Have Been Warned!!!
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