Bitcoin Forum

the price has been rising steadily for some weeks now. These last few days, the rise is has been bigger in relation to past periods. now in the last few hours and after bitcoin price nearing almost $270 we see a huge crash.

There's a lot of explanations for this price behavior... what's yours?

One of the possibility would be that huge Chinese speculators are playing a funny game that bring them a lot of money.

The price fluctuates all the time due to new demand. People also tend to dump their bitcoins when the price goes up so that will keep the price down.

Initially I thought Gemini might be a contributing factor, but with their unexpectedly low volume (http://www.coindesk.com/winklevoss-bitcoin-exchange-gemini-win-traders/), maybe it isn't that.  Unless people started buying because they assumed Gemini would be a contributing factor, but just happened to be buying elsewhere.  Hard to tell, really.

There are people that believe how the main reason is further devaluation of yuan that's the reason behind this rise, since most of the volume is from china,
which then bumps up the rest of the exchanges prices. It has some point to it,opposed to gemini, since gemini is in usa and volume comes from asia, doesn't it.

OP if you are asking why is price rising last few days this can be either a dead cat bounce/ pump and dump or a beginning of the new rally fueled with Gemini exchange opening, upcoming halving or people just recognizing a real Bitcoin potential and they started buying. Of it is a pump and dump or a beginning of the new rally, we will know in few days.

If you are asking why has price crashed from almost $270 to $261 at the moment on Bitfinex, well this is as well normal. Price never grows just upwards, price grows in cycles! Up, then down, more up than a bit down, etc..

I think this is a significant price increase. you should be able to see, what's behind this? analysis is necessary so that we have a reason to sell and buy bitcoin. The most fear is "bitcoin again fell" .

The rise might be due to the Overstock news. A subsidiary created a system for dealing in stocks using the Bitcoin blockchain. Last Tuesday a hedge fund used it to borrow $10 million of shares in stocks through the Bitcoin blockchain. Overstock has applied to the SEC for permission to expand its system, and if the SEC agrees it could take Bitcoin to a new level.

http://www.wired.com/2015/10/hedge-fund-borrows-10m-in-stock-via-the-bitcoin-blockchain/

That's cool but I can't see it having much or anything to do with any current market buying. Like so much 'good news' it's pretty abstract and only builds towards the far future. The Chinese will be totally unaware of such a thing as well.

Personally I think that the sub-250 price was only going to last so long, as it was seemingly caused by market manipulation rather than genuine price action.  So I fully expected the price to return to these levels.  BTC is horrible volatile, so if you don't like roller coasters you may want to get off of the ride.  I can't say where it will go from here but I won't be surprised to see fluctuations in the 250-270 range.

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What? On what grounds do you make these speculations?

This is the more likely explanation for me. Some people buy Bitcoin, then the people holding it sell, so we see those ups and downs.

I was talking a week ago of whether selling or not if it reached 300$. I think some people think yes even do not wait to sell at that price.

It's just standard supply demand. Hard to tell if it's actually linked to any one particular event - although at the moment it doesn't look like it. People have always been speculating about what causes the price shifts - but the reality is that just like a majority of the markets elsewhere there is rarely a singular cause to random fluctuations.

for now we have a lot to save bitcoin, do not be tempted by the price now. because the price will continue to rise. I am very confident with the current market movements.

these rise and falls which are small are normal in any market because of the trades that are happening every minute.
but also it is the short term investors! or you can call them day-traders! as the price goes up a little after they have bought, they start selling for small profit hence the fall. but it doesn't affect the overall movement.

ahh yes.  perhaps in a few day ur anus will feel the hurt again so prepare.  perhaps not.

I believe the price will get stable around 260

I was surprised to see bitcoin price increase without hear some news,maybe this is just manipulation by china market before christmas and i guess they want to take a profit in christmas day

Does that mean the price will go down back to $250 after christmas :(
I was actually surprised too that the price went up in just one week ;D
especially the minimum news that we get regarding the price :(

No one knows exactly what caused the price to go up. There hasn't been much interesting news that might give the Bitcoin price a certain direction. Don't worry about China, worry about when you're too late with buying.

The recent price surge may be because of new exchange which was expected to boost bitcoin price as new revolution and the latest ASICs are another reason when the mining cost considerably increases people will prefer to buy instead of investing in mining.

I guess it could be a whole lot of reasons. But probably the halving could also have something to do with it. If you think about it, some people are dumping BTC because the price is rising while others are accumulating

Yes, we have recovered after yesterday's drop and have broken through $270 again today. This starts looking more and more like a nice little run and not just a pump and dump. I started thinking as well that halving has more and more with this. But we will know soon enough. If no other reason shows up in the next 10 days and the rise continues then it must be halving.

It's just a normal rise and it stopped already. We'll see 230-240$ coins next month again.

 There was good news about major gaming company accepting btc,but biggest  can be Canada  election,there is a party with good chance to win what would like to regulate digital currency like a money in fiendly way
It can be about it

Gaming company accepting bitcoin :o
If it's not a trouble may i know the name of the company ?
Also the price of btc took a pretty big leap today, wasn't expecting for the price to rise like that ;D
Is it safe to say we broke the $700 wall ???

I have heard humors about the bitcoins price rising up and falling,
it is  very unstable these days. We just have to keep hoping it will stable in the future.

Looking at Preeve and Coinbase for almost 20 intues now and looks like it's staying for the whole day at the 270 level (272 - 277)
I'm happy to see that and hoping that by weekend it touches the 280 level
Slowly but surely :)

As what can I observe right now the price is very unstable and we cant tell if it is going up or down but I am hoping for the best that it will grow in the future.

RISE TO THE MOON
http://suptg.thisisnotatrueending.com/archive/30236645/images/1392409948823.png

The price behavior is somehow unpredictable but observing its price it is rising although it shows sign of falling down but the probability of it going up is more accurate.

There are a lot of time that I hear the price would rise up and sometimes the price will drop but here's the thing whatever may happen to the price whether it grows up or down just keep on holding to the coins.

This is how, a commodity usually trades. There is no steep buying or falling to any commodity as trend of buying and selling changes with the traders mind set as well as profit booking and new trades are other reasons. Bitcoin moves to higher price as per the current trend.

Those weekly bbands are getting tight, we're gonna get out of them anytime soon

This is one of the plausible reasons there is why there is a surge of price in the past weeks. Many people are accumulating now for the incoming halving which is set at Q2 2016. Interestingly, China has also been active in trading. This is just the beggining of what has to come.

looking at some charts or price tickers for 20 minutes doesn't say anything about what the price will do the rest of the day.

I heard this before price speculations all I can say is the price will rise sooner or later.
Like $10000

Prices these days are very unstable and we have to keep observing how it is doing for us to be that it is doing well.

The prices is a bit unstable for now, all I can say is better keep observing it.

In this very unstable prices may rise and fall down I don't know what to say we just have to keep observing the prices.

Unstable prices sign of big movements. I personally believe that the ups and downs of bitcoin price fluctuations are much better than those hurting continuous price falls. Bitcoin will test $300 price level within this month if they current trend persists.