Topic: why this pump ?? - page 4. (Read 2340 times)

since bitcoin is used worldwide , and more investor interesting to buy the coin that why the coin is pump bcos the price is pumping 

Since bitcoin is used worldwide, not literally as a mode of payment by every store but sometimes a an alternative banking system, then it's hard for us to tell which influences the prices specifically.
In a day we do not know how many are encouraged to invest or who leave because of uncertainty. That is why the volality of prices are very hard to predict. Every movement may be caused by different things and happenings. Yet we need to put it all together and stop thinking negative thoughts about it. Most likely, we are the one causing FUD around. The predictions about high prices fills in the market and lets just hodl.

Forks or with no forks let us enjoy the price pump and hope that it is not just made by those forks. This price pumps may be caused by the statements that was released by known people (JP Morgan, South Korea's adaption, Japan) and other positive things that was released for bitcoin in the past week.

I don't think investors will give an attention to the upcoming Bitcoin Diamond fork, just look what happened to the possible-scam Bitcoin Gold that already advertise a fraudulent wallet on their website and now facing an issue. I don' think the pump is all about the Fork, look at the CME Bitcoin Futures who made Bitcoin mainstream ( well in business field of course ) that attract many investors to invest on Bitcoin and you can see it pumping real hard. We can see a large change if the movement will not stop, $10K is possible within this week, we will see a lot of change after the implementation of CME's Bitcoin Futures, a big dump and dip might happen.

Here...I'll make it easy for everyone...have a quick read of these two articles and you'll understand what is happening to the market.

https://www.cryptocoinsnews.com/with-cmes-december-10-exchange-launch-can-bitcoin-price-hit-10000-by-2017/

https://www.cryptocoinsnews.com/100-billion-hedge-fund-man-group-plans-to-add-bitcoin-to-investment-universe/

itll happen long before then, we've got a bit over a month before the year is over, and bitcoin was just over 9000 yesterday when i took a look. taking a quick peek at it now, seems its come up to 9500 pretty much overnight. havent really kept up with the news on bitcoin over the past few days, but whatever is going on, it's raising the demand for bitcoin in the entire market quite substantially, enough for what is essentially a ~5% increase overnight, which is insane. that being said, it doesn't necessarily imply a bubble resulting from the price spike, it could actually just be organic growth we're seeing. wouldn't surprise me with all that's been happening in the last few months.

It has nothing to do with Thanksgiving or the Christmas holidays. I'm surprised that people on this forum aren't better informed. The recent hard forks happened, or got cancelled, so nothing to do with them right now. It does however have everything to do with CME launching the first bitcoin futures service, which The Man Group ($100 billion hedge fund) and JP Morgan have said the'll be using. Do a little research and read the crypto new sites. It's well documented, with a $10K+ BTC expected as a consequence. Start with https://www.cryptocoinsnews.com/ you'll find everything you need to know there.

End of this year? We will see 10k now in november! It is 9.600$ at bitfinex now. Maybe 10k tomorrow! 

Well, it's because there are now many big players are joined Bitcoin. I've heard that many big personalities are already invested on Bitcoin. Recently, JP Morgan admitted that they can't beat Bitcoin. Countries like Iran already welcomes cryptocurrency to their territory. The massive adoption of Bitcoin causing a huge leap at the price. Expect that it will pump even more because some Foreign exchanges and banks are joining Bitcoin. I think Bitcoin will hit $10k. In addition for this, is the hardfork. So many people are just holding Bitcoin to obtain some hardfork coins. It fuels up the pump and it will continue to record all time highs.

Well yes the bitcoin fork increases the price of bitcoin the rate the market goes up but I heard that there is no hard fork for bitcoin and the pump is happening because of the high demand, we may see around 10k$ with the end of this year.

I believe on this, bitcoin always dump after it hits the peak but of course bounces back even more stronger, I don't see any problem on this but an opportunity instead. Pumping right now might be the demand for bitcoin that continue to rise.

I do not think it is a pump as much as new money coming in from big and small players alike. You need to keep in mind there can only ever be 21 million bitcoin, and some of those are already lost forever, locked up in wallets with lost keys, and some will need to be mined yet over the next couple of decades. So you have a situation with only ~16 million coins being available, with many of those in cold storage for the long term and places like Coinbase signing up 100,000 new users a month. While they all won't be buying one whole bitcoin, you can see where even if you want one the supply is fairly fixed and the demand is continuing to increase.

It was one thing 3-4 years ago when maybe 100,000 people in total were competing for those coins, but now conservative estimates show that there are more people involved in cryptocurrency than there are bitcoin in existence. Granted, not all of them can afford to buy 1 whole bitcoin, but in the next year or two more and more people will be coming into this space and the supply of cheap bitcoin will continue to go down, meaning the price needs to go up.

So while we will most certainly continue to have ups and downs, I do not think the predictions of a big crash back to $2,000, $3,000 or even $5,000 are very realistic. Even if this did happen you can be sure big investors would be waiting to buy up as many as they could, meaning the price would shoot up and they would then be more than happy to sell you your bitcoin back at 10X the price you sold it at to them.

I don't understand why this price increase is so huge already. I thought correction will happen after the 7000 usd. But futures on CME will come soon. And it can bring a lot of volatility for bitcoin price. I don't know anyone who buys bitcoin right now.

Well, other cryptocurrencies have been rising steadily this last days. Bitcoin has not been the only one. It seems to be generalized in the market at the moment. I wouldn't attribute it to any of the upcoming shit-forks happening.

Correction might really happen after it hit the price of $10k but this is a great opportunity to buy more bitcoin because bitcoin heading up to the moon. Pump and dump is really normal nowadays and if you are really good you can make money through volatility.

Yes, many people are enthusiastic about hardfork. So they do not want the chance to get a free Airdrop from the hardfork, which surely makes Bitcoin holders more than usual. That causes Bitcoin prices to rise and rise. It's steady.

Why? I mean it's just a feeling or do you have some clues that makes you feel like that (I think the same but just because it is breaking ATH too quickly)

Hard fork is coming, and yes, it has a big role, but some otger times, the price of btc is so slow due to that fork, but tobe honest this is totally due to the people who reaklly believe in bitcoin and continue investing their money, so I guess akk need now is to invest more, hold for more and wait untill it raches 10 000 $

Since bitcoin have guaranteed its client consequently it's expanding however the primary concern is that request and supply. On the off chance that the supply goes not as much as the request will increment. So it will be the day that that 0.0001BTC will be equivalent to 10,000$. This equation is given in management book. In the event that you at any point attempted to examine. Since it's about supply. I will propose you financial matters book you will learn better.

Maybe fomo for the 10k mark! but I'm personally expecting a big dip at any point before 2018