Bitcoin Forum

Stellar gone up 60%, Bitcoin, Dash, Litecoin, Dogecoin, dropping down, together with most of other altcoins.

Any info about this?

I don't think i'am the only one but I have no idea what you are talking about , Bitcoin seems stable and it's 292$~ right now , fr what comes to Alternative coins I'am not sure but Stellar price didn't really change at least not that much . http://www.stellarvalue.org/ It wa simillar to this couple of days ago when I checked it .

Maybe you can have a better idea of what I say here: http://bravenewcoin.com/price/price-index/#all

Must be a bug.

More then likely it's a bug . and here is why : http://coinmarketcap.com/
as you can see , Stellar is going up and not going up , at least not by 60% as you are saying .

I see the difference between the two websites, but how can a BUG like that happen?
All crypto are falling, and at the same moment, Stellar had a bump.
Also, you don't even need an enormous capital to make that bump in Stellar at that value... probably buying 3000$ of that will have it done.

Anyway, any idea why almost all cryptocurrencies are falling today?

Probably the regular and like always .. just another exchange website manipulation , nothing that dangerous

I imagined this as well but... aren't these websites trusted by thousands of people?

They are but it's not like it's obivous which website is doing it or something. also they can't really make 1 BTC go to 1 million per BTC in one night. It's not that easy to manipulate but since they have shitload of bitcoins they have some power to do pump & dump

I don't think you need more than some thousand dollars to influence STELLAR price as it is now.

BTC is rock solid at 290. Take into account we were stuck at 230 not long ago. We are making progress taking solid steps that stay instead of instant corrections. Stellar was probably your average altcoin pump. Congratulations for the lottery winners if you were holding those.

I think alot of people forget Bitcoin's humble's beginnings as a pump too. In the eyes of the federal reserve, Bitcoin , Altcoins are all of the same order of magnitude - absolutely nothing. They're all shitcoins in their eyes. Really bitcoin only stood a chance because of its ridiculous pump. No different at all to altcoins, except just bigger scale.

I have this crazy theory that there is more supply than demand at the moment.  ;D

Huahehe it's possible, but the problem is that nearly all the cryptos have lost some points today.
Usually, this is related to some news that menace to hinder the proceeding of the assets.
And if nobody sells, the price can't go down.
If the price goes down, this means somebody is selling for a lower price.

I watched around but could find no too bad news about cryptocurrencies... so I'm lost.

The only conclusion I can come up with, is that as Bitcoin is changed by 80% on Yuan, chinese miners have lowered the price to keep selling bitcoins and there really is being a lack of demand in China.
The question is: why keep selling and lose income by lowering the price, instead than holding them and wait for the value to grow?

Litecoin
Best coin of the year :)

Little doubt about it, but it's not the topic here  >:( ;D

Anyway, seems that things got back up... I would just like to know what happened yesterday...

I cannot find a 60% increase on stellar anywhere.. Do you mean 6% or are you hallucinating? ;)

It was yesterday, dude. Of course now data is different.

But it really seems it was a bug: Stellar is offline in Shapeshift for some reason.

Even if it was yesterday, it should be visible on the charts? Poloniex shows a jump from 940 to 970 or something, that is not 60% in my books?

I'm using this: http://bravenewcoin.com/stellar

Litecoin has gone up way more than 100% itself. Not sure about the other coins , but the general trend with altcoins is that they fall after a time.

The increase among all cryptocurrencies I believe came after the media boosted the "Greece crisis" to an extent where people feared their fiat currency was not safe. Not trying to undermine the problems of Greece, but it was overwhelmed to a degree. Bitcoin shot up quite nicely along with a few other altcoins.

Whales use fear and confusion all the time to their advantage. The only thing we can do is ride the waves. I should have bought LTC when I saw the Greece thing happening, it was clear they would pump it. Im sure for the next crisis LTC will go up too as well as BTC and some other random more risky to invest at alts.