wtf is going on?! - page 2. | Bitcointalksearch.org

MatTheCat

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Quote from: --Encrypted-- on February 20, 2016, 05:06:01 AM

Quote from: MatTheCat on February 20, 2016, 04:59:36 AM

Quote from: Watercooler on February 20, 2016, 04:56:20 AM

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price Grin

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

or, they can choose to hold btc because it is rising. people don't always dump to fiat.

Yes.....but you miss the point. People coming out of ETH and into BTC, aint gonna make BTC rise against the USD. Folks putting BTC into ETH, already exchanged thier USD for BTC.

1Referee

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Quote from: DrLove2048 on February 19, 2016, 06:21:27 PM

I think a big push from the ETH gains are coming in as well, not all of it but some of the reason

What you mean with comming in as well? The profits in ETH are mostly all in BTC, so how can it affect the price other than for the bad?

--Encrypted--

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hee-ho.

Quote from: MatTheCat on February 20, 2016, 04:59:36 AM

Quote from: Watercooler on February 20, 2016, 04:56:20 AM

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price Grin

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

or, they can choose to hold btc because it is rising. people don't always dump to fiat.

MatTheCat

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Quote from: Watercooler on February 20, 2016, 04:56:20 AM

People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price Grin

Problem with that non-theory is that people invest into ETH via BTC. People then cash out of ETH, via BTC. If anything, people gonna want to take cash profits from ETH, which means that they cash out through BTC.

Watercooler

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People are probably reinvesting the profits they made with going short on the ETH value. So they gain even
more Bitcoins. They sold at a high price, bought cheap ETH, sold them when they saw a collaps coming and
now the re-buy Bitcoins at a lower price Grin

uki

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Quote from: xslugx on February 19, 2016, 02:24:14 PM

Quote from: uki on February 19, 2016, 02:18:05 PM

Quote from: BillyBobZorton on February 19, 2016, 02:15:15 PM

Bitcoin's naturally movement is a perpetual UP. What you should ask is why it's going down when it goes down, and as usual, it's always related to FUD rather than an actual problem, right now we have the Classic bullshit as the biggest FUD generator but we will get through that.

I don't agree. Currently the main force behind any price movement in Bitcoin, either up or down, is speculation. Therefore, it shouldn't surprise anyone if out of a sudden we start losing $50 in less than a day. Same as the movement in the opposite direction. The only question is, the size of the pocket of the whale who decided to manipulate the price this current time.

Well right now it's more the down of Chinese currency that's backing the bitcoin rise Wink

that is a good point actually. Chinese do not need further recommendations to get into Bitcoin, as soon as their economy experiences further difficulties. So one may eventually count on new money flowing into Bitcoin. They would be interesting in getting at the lowest price possible, though.

yugo23

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Quote from: Moneyburner on February 19, 2016, 06:15:44 PM

Just regular volatility... we've actually been pretty sideways since we lasthit $500

Doesn't seem like simple volatility no, much more upper trend than normal volatility Wink

DrLove2048

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I think a big push from the ETH gains are coming in as well, not all of it but some of the reason

Moneyburner

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Just regular volatility... we've actually been pretty sideways since we lasthit $500

yugo23

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Quote from: richardsNY on February 19, 2016, 03:56:21 PM

Quote from: jod_doj on February 19, 2016, 02:22:50 PM

bitcoin price is kinda fluctuating right now, but i can see a lot of positive tendencies as the price is going up

The Bitcoin price has been fluctuating since its first exchange listing. It's just normal as people are used to it nowadays. Those who aren't used to it will most likely panic when they see a sharp dump.

Still fluctuation is most of the time linked to something specific!

richardsNY

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Quote from: jod_doj on February 19, 2016, 02:22:50 PM

bitcoin price is kinda fluctuating right now, but i can see a lot of positive tendencies as the price is going up

The Bitcoin price has been fluctuating since its first exchange listing. It's just normal as people are used to it nowadays. Those who aren't used to it will most likely panic when they see a sharp dump.

xslugx

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Quote from: uki on February 19, 2016, 02:18:05 PM

Quote from: BillyBobZorton on February 19, 2016, 02:15:15 PM

Bitcoin's naturally movement is a perpetual UP. What you should ask is why it's going down when it goes down, and as usual, it's always related to FUD rather than an actual problem, right now we have the Classic bullshit as the biggest FUD generator but we will get through that.

I don't agree. Currently the main force behind any price movement in Bitcoin, either up or down, is speculation. Therefore, it shouldn't surprise anyone if out of a sudden we start losing $50 in less than a day. Same as the movement in the opposite direction. The only question is, the size of the pocket of the whale who decided to manipulate the price this current time.

Well right now it's more the down of Chinese currency that's backing the bitcoin rise Wink

jod_doj

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bitcoin price is kinda fluctuating right now, but i can see a lot of positive tendencies as the price is going up

uki

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Quote from: BillyBobZorton on February 19, 2016, 02:15:15 PM

Bitcoin's naturally movement is a perpetual UP. What you should ask is why it's going down when it goes down, and as usual, it's always related to FUD rather than an actual problem, right now we have the Classic bullshit as the biggest FUD generator but we will get through that.

I don't agree. Currently the main force behind any price movement in Bitcoin, either up or down, is speculation. Therefore, it shouldn't surprise anyone if out of a sudden we start losing $50 in less than a day. Same as the movement in the opposite direction. The only question is, the size of the pocket of the whale who decided to manipulate the price this current time.

BillyBobZorton

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Bitcoin's naturally movement is a perpetual UP. What you should ask is why it's going down when it goes down, and as usual, it's always related to FUD rather than an actual problem, right now we have the Classic bullshit as the biggest FUD generator but we will get through that.

uki

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Quote from: Amph on February 19, 2016, 01:16:11 PM

Quote from: yugo23 on February 19, 2016, 08:52:38 AM

Quote from: disclaimer201 on February 19, 2016, 01:46:22 AM

We are slowly beginning to see the price increase everyone was hoping for and it will continue and speed up until July, nothing else. People who support 2MB blocks can now support Bitcoin classic but the majority of nodes are still Core nodes, so there will be no fork anytime soon either. This is calming down the market a bit and the result is up, up, up!

Well it's more because of China crash INMO

i think it's because the mike hearn drama ended, plus something related to stock market and ETH pump

after all the dump that lead us below 400 was unwarranted, was a fake dump like i've said many times...

and so was the recent rise to 430. We are in the no man's land currently and there are no reasons to move either down or up. We just follow between $350 and $415 for another month or two, till we get closer to halving, or something important pops up. Yes, sometimes Bitcoin price action can be boring, too.

Amph

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Quote from: yugo23 on February 19, 2016, 08:52:38 AM

Quote from: disclaimer201 on February 19, 2016, 01:46:22 AM

We are slowly beginning to see the price increase everyone was hoping for and it will continue and speed up until July, nothing else. People who support 2MB blocks can now support Bitcoin classic but the majority of nodes are still Core nodes, so there will be no fork anytime soon either. This is calming down the market a bit and the result is up, up, up!

Well it's more because of China crash INMO

i think it's because the mike hearn drama ended, plus something related to stock market and ETH pump

after all the dump that lead us below 400 was unwarranted, was a fake dump like i've said many times...

Emersonnets

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The trouble is you think you have time.

I'm not surprised to see bitcoin going back up or back down.

That's just how this bitcoin market works. It goes up and down all the time.

The Sceptical Chymist

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Throw a dart at an open newspaper and whatever story it hits, say bitcoin is going up or down or sideways because of that. And it'll be just as true as anything else. And that's basically all financial pundits do.

Wevariant

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Quote from: disclaimer201 on February 19, 2016, 01:46:22 AM

We are slowly beginning to see the price increase everyone was hoping for and it will continue and speed up until July, nothing else. People who support 2MB blocks can now support Bitcoin classic but the majority of nodes are still Core nodes, so there will be no fork anytime soon either. This is calming down the market a bit and the result is up, up, up!

If 90% of the miners support the Bitcoin Classic, does it matter if majority of the nodes support the Core?

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