Bitcoin Forum

Any particular reason?

We have seen the price go up and down like $10-$20 bucks quite often. It mostly happens without any news. I am interested to see how close it will come to $400 before going back to $370-$380.

This is quite normal thing with Bitcoin to see a rise or decline in dollars.What is important for me is to see if this is uptred or just short term speculation.There is a huge rise due to take place as we are marching towards block halving.

no, it's called market activity, price can not remain stuck forever, especially not with bitcoin

Common stuff, not sure why people still get excited by this.

You have reason to get excited once the price is staying above $500 for a long time.

$20 - $50 isn't a big amount to think off as it happens everytime. It's only when the price falls by $100-$200, we need to worry as it takes months to rise then. The price keeps fluctuating because of the exchanges that take place, nothing else.

People were waiting for it to go down so they could start buying. In the last 4 days first plunge ended at 360 second at 363 third in 365 = price wasn't going to drop = buy.

It might be that Gavin and Mike stopped saying that bitcoin is going to die for a couple of days.

Are you kidding?  Welcome to the world of bitcoin.

I remember when I was first following bitcoin back in 2013, I was blown away when it went exponential to around $1200 and then fell back to something like $600 in a day.  Think about how crazy a price movement that is, and you'll realize that what we've seen in the past 24 hours, while significant, is not much to start a thread about.  For a while there last year I thought we were going back to zero.  That was when bitcoin had dropped to below $200 briefly.

Guys, I know Bitcoin's price is unstable. I was just asking because it had been stuck at $370 for a few days and perhaps some minor news might have caused the rise.

I don't think that we should taking care of the price movements if they're beside the 50€ cap. +20$ in 24 hours is something so common...

OK to answer that specifically, I haven't heard any news myself.  This might be a rebound from the drop that happened after Hearn made his comments and nothing more. 

I tend to think it's just random movement.  Even in the most stable utility stocks there are days when price action goes crazy.  I don't think it has anything to do with news right now.

Halving still has a lot of time but the current price is too low now. There were many open orders on exchange websites which caused the rise but it will fall again as there is nothing happening to keep bitcoins moving above $450. If it doesn't reach this amount, I don't see us earning a huge profit.

https://www.reddit.com/r/btc/comments/4442vk/bitcoin_classic_beta_2_released/

Plausible?

I think that people get their salaries at the beginning of the month and people have started investing in bitcoin so the price normally increased.

what about it? it's just a small movement. this should be the normal for bitcoin. ask questions when we're sitting on one place for more than 3 days.

Plausible. It was time that we see something being done more noticeable on bitcoin development, and this is a nice leap forward.
It's either that, or the fact that the recent dump was artificial. Either way works for me, and weekend will show weather it will hold/keep pushing.

Yeah, that's what I was thinking. It's not rising on the news, but rather a recent lack of negative news.



Shhh, don't say anything about all that stuff or it's gonna dump again!!

Don't try to find any particular reason why is going down or up for 10%.
When you see big greens or big reds open your eyes as much as you can..
News always come after you see all this..

There have been big buyers waiting to get in.  There needed to be enough selling pressure to enable them to get into position.

Also, animal spirits in the capital markets in general are now swinging back to risk-seeking.

Aussie Dollar, NZ Dollar, SG Dollar, Canadian Dollar all up sharply in the past few days.

Chinese are pumping it hard right now, they're setting you up for the inevitable dumping.

No particular reason I suppose but its way overdue. Something needed to move (one way or another)

This looks like a bull trap to me.  If we're going to keep going up in the direction of the previous pump we're going to need to break 400 to be on the safe side.  I expect once whatever whales currently holding sell their coins we'll come plummeting back to earth. 

normal market activity, nothing to see here, price went -20$ and now +10$, nothing spectacular

Im shock that the price is increasing today in 24hrs but i think its just an effect of chinese new year i hope that the price will still increase
Or is just a same as before. well we know that is just a nature of bitcoin that the price will rise and dump..

Maybe it's Chinese New Year. I knew it is going to rise but did not realize it was going to happen so soon.
I hope that it will rise more.

china does play a major role on the price of every crypto currency out there, i dont think so that is  a good thing for bitcoin ,what ever it is , traders will be enjoying the reap for sure.

what!!
if anything i was expecting this particular reason to have negative effect on the market not possitive!

Nothing special. It's just the same old up and down market reaction that we are seeing for such a long time. Good for day traders, not interesting for long term holders.

Maybe they're pumping the price for dumping so they can earn more out of their held btcs.

+$20 It is common from bitcoin price movement and not so big increases i think because in 2015 we have experienced that the price has been rise $100 only in a day

It was a valiant attempt to break out, but alas, the bear market isn't over yet.  I think we'll probably test 350 a few times in the next few days after the market tries another few pumps and realizes that it wasn't time to go up.

http://puu.sh/mXCF1/42de32ccea.jpg

No specific reason, based on the market situation it has suddenly risen, Soon it would fall to get the stable value.
The value has never touching 400$ for which most are awaiting for a long time. Hope to see such price rise often

And the market price is back to the lower $370's which was totally predictable. Good for short term traders that are looking for some quick profits.

Bitcoin will surely cross $400 in couple of months

I saw that indeed and I'm really happy with that. I also think later that much more is going to be true.
But we will see later, but I have such a feeling that this will happen.

I think there is no particular reason for this. As I write this, price has gone down again. Probably it is the big fishes moving the money around to make the market move a bit... there is no profit where there is no movement.

After this little rise, the price went them down this week end, I do not know why weekends are always bad for bitcoin price.
Anyways, I do not predict any strong movements in the next days because of the Chinese holidays

not always in weekend bro, +20 or -20 is normally in bitcoin and can happen every time. so i dont know this thread what for??

That's true but we're very close to Chinese new year which is known to have an impact on the price. Usually the price remains bearish during Chinese holiday these days due to the pressure from people cashing out. Bitcoin's economy is affected by what happens in China as there's a lot of interest from there.

Looks like this thread is just to celebrate because the bitcoin market price went up by 20 dollars.

But price has already retured back to its past point of 371$ and have started to swing again +/- 2-3$ from there. Feeling frustrated with this pump and dump. >:(

I saw that indeed. I was super happy when I say that. I really had an idea of Bitcoin can therefore still be growing.
But I also think that's going to happen later, but we'll just see about that.

I expected the price to come down again, and it did. I will start with buying as soon as the price comes down to sub $360. If it even goes below $350, then expect the price to sink further. Prepare some fiat so you don't miss a good buying opportunity.

It does not matter too much if the price come down or go up. It is consolidating. The next pump will be big.

And -8$ in last 24h now, it was just a pump and dump, don't be afraid by these small price riaes or dumps, it's normal, and will stabilize soon again

Pump and dump will involve larger amount of price increase or decrease. The recent price action is very normal.

well, a lot of the newer members here think in terms of pump and dump when the price goes only up or down like 10 bucks. they aren't used to the heavy volatility that some older members have seen in before 2014. they laugh at the price going up or down $10-$20 in just a day. and they are right. it's nothing.

That is indeed very nice. You can now see that the value is rising and that is so good. I hope later that it will rise more and more.
And that we all can sell it with a lot of profit. That will be so good. But you never know what can happen in the future.

i think it's because of pump and dump like always, it it very normal for bitcoins, you won't find any good reason for that even if you'll try, bitcoins rises and falls by 10$ atleast 100 times/year

Yeah thats a nature of bitcoin there's a pump and dump its always happen because if you are a trader you can understand it..
Once the price set by traders has been rush expect for the price will be down because of set price dumping.. 
If the price is down the other trader will buy again and wait for price increase.. is just like a weather but having a profit every time the price is increase and dump...

The price dropped $20 in the last 24 hours. So bitcoin is still too volatile. It will prevent people from using it.

By the past 24 hours more than 20$ has gone down. Bitcoin will get stabilizing around a price of 385$ as the past few weeks and later we can expect the price around 430$ once again.

It is volatile for sure, but that is one reason why people are attracted towards it.
What attraction does a boring currency hold?  ;)

it's still complicated to predict where price will go down or up, seems hard to break down $400 we have good support on that price. if you prefer to buy better wait until next week.

hmm, it is at $402 now as i am writing this. i wonder why the price keeps going down this time cause i didn't expect this low!

The dump happened because of the coinbase announcement. Right now the price seems to be back again.
Just a few dollars and we are back at the normal price. Not sure why so many people sell for an announcement of a bitcoin ceo.

Well it's just how bitcoins works. There is nothing we can do about it. Some heavy whales control the market.
And all we can do is ride the waves by making a little profit. It may go up and down more then 20 dollars if they want it.

It's always the same. When there is good news people don't seem to care that much and thus the price won't get affected postitively. But once there is news that people don't seem to like they start selling for no reason. I don't think this will change as it has been like this for years.

The bitcoin price has been much less volatile than in the past. It is in a tight range of $400 to $430.

I wouldn't say price stagnation is permanent. Most likely it is only momentarily.
Prime rise is to be expected. We should now be in a phase of anticipation, some serious price movements are meant to happen before the halving.

Exactly price stagnation is not a permanent but this time it is at a specific price for a long time. Some price increase which might occur when we are near to halving.

The longer the consolidation time, the higher the price will be after consoidation. So the price could be $600 in June or July.

not really because they are only consolidating at current price, 500 already is not consolidated, and it cannot be called rock solid, until many will buy there

the same can be said for each new level, you need plenty of buyers at each floor, to be sure that, the floor is rock solid

If the price grow slowly, say 0.1% a day and grow to $500. Then $500 is a solid price. The price will not drop too much.

20 dollars up and 20 dollars down is absolutely nothing for anyone that has been around in the Bitcoin game for long enough. Once you experience what it means to grow at 100+ dollars per day, then you will understand the real power of Bitcoin to trigger people's FOMO (fear of missing out). This summer points like it will be a new demonstration of this.

The price is going up and down I am still waiting for the price to keep rising so I can make some moves and decide what to do next with my Bitcoins.
I hope that we can get to $500 soon at least this year.

You see already indeed that the value is rising slowly and that is nice for the people who already have Bitcoin because than they can make some nice profit maybe.
The bad thing is that you never know when it will stop rising and that is the problem of Bitcoin.

the whole 20 dollars does make some impression, but this could be just triggering based on people now reacting on the halving more seriously now.

Since its 2 months away and no longer like 4 months away when everyones was talking about.

I think it's a very good thing for bitcoin. This may be the beginning of a rise in the real price and high price increases for bitcoin before halving, and would be very good if this will happen until the price rose above $ 500. will be very much pleased the parties, including investors who have been waiting for this to happen

The price is $465 now. It has risen quite a lot since two weeks ago. I wish it can stay here for some weeks.

It's back at  457 now
http://coinmarketcap.com/currencies/bitcoin/

I do think tomorrow we may see a price around the 470 dollar. Just hope it will not fall again.

I think that the market is unlikely to drop, and currently favours continuing growth over another drop, and there is no news to send Bitcoin down again.

$470 is in reach, but we have to see if China wakes up and starts investing again tomorrow.

Yup nothing to get excited about here, we have to chill & have patience, then we'll be rewarded. This is nothing though.

That is right. The price also dropped $35 in 24 hours. Some big whales are still inesterested in accumulating at cheap price.

As you can see now you see also that there will be more people that is getting to use Bitcoin because the value of Bitcoin is also now rising slowly and that is quit perfect for the people who already have Bitcoin.
The only thing that you have to know that it can takes a really long time until the value will be more in the future.

Whales have been accumulating their coins well below $400 prices. Every market action you see now is purely done to shake out weak hands so these whales have a free road to get the price to a certain hight.

Exactly brave people collect coins when price is near some $300 to $400 and use it when price increases and earn more profits and now for last two days again the price is increasing giving good earnings to its users.

That is obvious and really present in every price hype. So while they are doing such action we must take advantage of it whether the price will increase or decrease. It helps us make some acquiring coins again when the price dips and take profits even for a small margin.

This happens allot then the price goes up $20 and then after that it goes down $20. This has happened a couiple times before But I do not what the exact reason behind this is.

you think that so, maybe you will be one of the millionares when the month of july comes, cause you know what will be the price of bitcoin after 2 months..

This is all about speculation. The price will be higher in the next two months. We know that Satoshi will not dump his coin soon.

Satoshi? You don't believe in the great Craig White hoax, do you?  ::)
Those coins won't even move, forget about dumping.

that is right. The 1 million coins will not move at present. When the market cap is over $1 trillion, they will  move.

What a logic... ::) Satoshi might even have deleted all backups of his wallets back then to favor Bitcoin as it will impact the market significantly when these coins come into circulation again. We don't know that. Satoshi is the least to worry about. There still are several persons with hundreds of thousands of coins. Don't forget about Mark Karpeles which supposedly still has around 300,000-400,000BTC somewhere. Or certain Chinese mining farms with more than a million coins combined.

Bitcoin is rising slowly and that is perfect for the future because you also can see that there will be more people that is going to use Bitcoin and that is perfect for the currency.
There are still a lot of people that is hoping that the value will be more worth and that they all can sell it with profit.

I do not know the reason behind this but this also happened it the past. The price suddenly goes up $20 and a couple days later the price goes down with $20.
Lets hope that it is going to keep rising and not go down anymore.

When the price of bitcoin is not so volatile, more people will invest in it or use the bitcoin to buy things.

Price stability is very important for the adoption of bitcoin. When the volatility is the same as US dollar, more people will use it.

I wouldn't be so sure about that!
Volatility means upwards or downwards movement in terms of price.
Without this volatility the main network effect we are having at the moment would not exist, speculation!
This would mean almost no adopters of Bitcoin in it's actual status!Therefore it wouldn't be worth a shit.
Being worth nothing no merchant would accept it and that means you wouldn't be able tospend it and use it as money.

But in reality only after getting a higher adoption the volatility in price goes similar to the dollar or other currency. So initially people need to believe in its potential and adopt to experience stabilized value for long run.

If there are more holders and investors, it will be too hard for market markers to play with the price like they are doing now and have been doing for a long time. So  this kind or increases eventually will come to an end.

This is not sure. Just look at some large companies. Their stock is also very volatile so there is no guarantee that the price will be volatile.
I do think though it will be less volatile if it is more mainstream.

For the time being, bitcoin price is like some big companies. In the future, it will be comparable to major currencies.

As you can see now you see also that there are now more people that is holding their Bitcoin because they know that there will be a price increase soon and that is nice.
The value was stable for a long time and that have to change now and the halving is also coming towards to us.

The price is still moving up which is good for the people that want to sell there coins sooner then later. In my opinion the price can keep moving up because we have yet to touche the $500.

The price is just fluctuating around the $440 level. It might stay here for the next two to three months.

the price never stay at the same price, i quite confused because you've say the price of bitcoin is fluctuating so how can you think It might stay here for the next two to three months.

It is fluctuating not only moving up like it had done in november last year. May be upcoming halving will have similar effect doubling the price to atleast 600 or 800.

He basically meant that the price will only go up and down a few dollars from the $440 price point, but that it will stay at that range for several months.

This is what I learned over the years.

Dont question it, just go with the flow and beware only for bigger events that effects exchanges.

The more time you focus on these small things, unless youre a day trader depending on it. You will eventually become or look like a crazy person.

That is a normal thing that happens sometimes, the price suddenly goes up +20 and then after that the price suddenly goes down -20. I do not know what that means but only that it happens sometimes.

You see now that the value of Bitcoin is going to be more worth and that is nice and the halving is also coming so that is really nice but it can takes a long time until it will be more worth.
But of course it is really hard to know what will happen later but you need to take the risks to sell it later.

If you bought back when the price was still below $300 then you wouldn't have to worry about whether or not the price will rise today or the next weeks. You could just sit back and relax to see what will happen.

I think halving at least would give the effect. but I am not sure it could go very high. but $500 seems very likely.

Yeah this can happen a couple of times but it is nothing bad, the price is still moving up slowly but for me it can rise a bit faster because I am waiting for the price to hit $500.

I guess at that time, it was the increase in the price of bitcoin pretty good. if the price of bitcoin increased - + $ 20 per day, $ 1000 price may no longer be a mere fantasy

The bitcoin price is $498 now. It is rising fast. At this speed, we might see around $600 during the halving.

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This is bitcoin. The price can go up $50 and down $100 in a day. So don't get all riled up. After all, you might even jinx yourself ^_^

After some consolidation, the price could go higher. When the market cap is larger, it will be more stable.

From seeing these surges in the last couple of years, my advice is that if you are now currently in profit (you bought lower than the current price), it is wise to take some profits. Don't sell all, but enough for you not to feel bad if the price plummets again.

Only when the price rises 50% in a few days, I will take profit and buy back when the price drops.

If the price rises too fast, there is a bubble. The bubble will burst. So it is better to sell and buy back later.

if the current price increase will turn out to be a bubble then it will burst a few days before, or a few days after the block halving. right now the hype is in a very strong phase.

You see now indeed that the price is rising of the Bitcoin slowly and that is because the value of the Bitcoin was already stable for a long time and that is really nice for the Bitcoin.
But people are hoping that it will rise for a long time so they can sell it later with some nice profit and than they will be rich of it.

This is normal that the price is rising out of nowhere or if the price is dropping out of nowhere sometimes it just happens. So do not think that it is something special when you notice this happening.

One more month to go, let's see how far we can get...

The price will be around $550 to 600 in a month. Then it will start to rise gradually to $1200 or higher.

This is quite conservative. I think the price of bitcoin could be around $650 just after the halving.

The market is going ahead of itself at the moment. The price is over $690 now. $700 is within sight.

The value of Bitcoin is now rising slowly and that is really nice for people who already have Bitcoin so that is really nice.
The only thing that people have to do with Bitcoin is that have to sell it on the right moment and that should be perfect.

I will only sell when the bitcoin is very overvalued. If it rises gradually and I think it is reasonably valued, I will not sell.

bitcoin will never be overvalued in my opinion because the coins are worth a lot to be honest as all the people are buying at the moment what means that bitcoin is worth what its price is

the price is not growing so fast right now but i think that it still has a lot of potential in going up at a very rapid pace thus earning the investors in bitcoin a lot of money for free

whatever you do, make sure you don't wait too long with securing profits. some people tend to wait too long before securing profits as they have the feeling the price will go higher. don't be one of them. just out of interest, what is the price you bought your coins for?

I agree with you, Well even if it dumps Ill still have profit. I only gained my bitcoins from free methods.  ;D I want to sell mine at a good price so ill just watch over bitcoin's price pump and dump and sell according to my judgement.

That is a actually quite good since you didn't have any capital to begin with. You got everything I assume from signature campaign earnings, faucets, and freebies. It wouldn't hurt so much if you lose some of it or if the value goes down. I am partly doing this and I also buy whenever I have budget. Right now, I'm being tempted to buy a few since the price has been on a decline the past two days since touching $700.

I'm in the same boat. I really want to buy some before halving, but I don't know if I should go for it now or if I should wait a few days.

Thats a long waiting, for the bitcoin to soar high we need it to be adopted by mass people and how to do that? We either see bitcoin an international news or business companies using it as a form of payment.

Definitely a huge bull market right now facing us. And I don't think that it has ended yet. After all, it's definitely good to see bitcoin rising so much again after the 2013 price all time high.

However, if you ever feel uncomfortable with the price level, you can always cashout :D

You can see now already that the price is rising and that is really nice for the people who already have Bitcoin and the halving is coming towards to us and that is perfect.
It is not the best moment to make an investment in Bitcoin because you have to choose the right moment to sell it and that is the most important moment to make profit.

I think it is still good to buy bitcoins as the bitcoin price is still low compared to the price in 10 to 20 years later.

This is very good news. this morning, I went kekampus me, and after returning home, I saw the price of bitcoin through to the price of $ 700. I think bitcoin prices increase $ 50 in 24 hours, it looks very good at all

The price is already $750 at the moment. That is even better news. The price could stay around here before halving.

The price is below $700 at the moment. It seems that is long waited events. If the price stays above $650, it could be good.

We won't now what kind of correction is coming up, but so far it does seems to be expected. Although we never can be sure if it has something to do with the ETH/DAO project.
Which is don't thing since those coins are corrected to (upwards)

I do not worry about short term price action. As long as bitcoin is properly developed and adoption, it is fine with me.

That is right. The short term price of the bitcoin is always volatile. But in the long term, it will rise.

The +-20 dollar price change in 24 hours is just 4% of the bitcoin price. It is small in the standards of bitcoin.

May be it will be happened in future, because bitcoin is crypto currency, and it is value of the price always increase and down, now we can see within 5 years bitcoin is going up and during that period sometime bitcoin come down but not in the least price. May be one day we can see bitcoin has been reached $20.

I think the bitcoin is much more stable than before. Maybe because it has more users and price is also higher.

The time for stability is not just now. It will come if more whales will buy bitcoin. Right now too less people got too many bitcoin.
Which is why it is too easy for them to pump the price.

Wales are playing there games, real jumps are coming from unexpected events.

That could be right. There is no big news at the moment to drive up the price. The SegWit could raise the price.

The release of the SegWit will take some time. It is still being tested in the testnet. No words about the release date.

Bitcoin is full of surprises after the major pump in last month when it touched $780 everyone was expecting that it it will touch $1k at halving and then it fall back, it will touch $1k when no one  would be expecting that price.

I think the reason is the effect of halving, the halving has just occurred and so now the price will increase, the $20 was just the breathe to start wait a little more the rise will start.

The effect of the halving has already reflected in the price of bitcoin some time ago. It depends on adoptions now.

If the new Core Client integrating the block size increase in the next few months, the price could jump a lot.

I heard that from the Hong Kong meeting consensus, it should be released in July. But it might be delayed.

of course the price is way more stable, i think that the price is going to start going up pretty soon to a new all time high and make us money

Today's price is 1% below 1 day ago, 1% below 7 days ago, 1% above 30 days ago. That is very stable.

Stability will be achieve once miners mined all the bitcoin blocks. Once we reach the total volume of bitcoin which is 21million, stability will come in and slow deflation will be the next behavior of bitcoin that will benefit us.

I think growth is very little, and that's normal. bitcoin prices this month I think is really stable, it may occur because not many people are buying bitcoin in large numbers in the same time, and vice versa, no one is selling bitcoin in large volumes at the same time. Well, we can only hope that the price of bitcoin will rise in the near future

the amount of users is increasing at a very fast pace right now though it should mean tht the price should go up not just keep on being stable and thats what concerns me

There is no need to worry about the price stability. The price will go up in steps then have a rest and go up again.

The bitcoin price acctually dropped in the last few days due to a hack on the exchange. But it shall rebound soon.

Yeah price has started to recover and it will again gain its position in coming days, so I think it will again cross $600 mark in next couple of weeks.

I think the price of bitcoin will trade around $560 in the next few weeks. After that, it will rise above $600.

The bitcoin price is trading above $570 at the moment. If the Bitfinex hacker is caught, the price will move higher.

I think so. The bitcoin price will rise very soon. It is consolidating at the current level for the last few weeks.

At the moment the price is dingeling around 570 -595, I expect it to be very interesting how it will develop. There was stable support way above 630 dollar.
That seems to be the first target we will have to face.