Bitcoin Forum

Alternate cryptocurrencies => Speculation (Altcoins) => Topic started by: r.o.o.t on July 31, 2016, 01:56:40 PM



Title: Recent DECRED price pump, what can be the reason ?
Post by: r.o.o.t on July 31, 2016, 01:56:40 PM

See the recent DECRED price pump below :

http://imgur.com/9zdtMOt (http://imgur.com/9zdtMOt)

What can be the reason ?


Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: Febo on July 31, 2016, 02:46:43 PM
Price is lower then was a month ago.

Coin is only 2 months on Poloniex so maybe more unstable then others.

There was 40k DCR traded today. Maybe was someone just impatient and bough them expensive.



Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: raphma on July 31, 2016, 02:51:38 PM
stop looking for a reason when you see a pump... sometimes theres is no reason(not a specific one..), is simple because it found a good support price and traders started to buy.


Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: zana on July 31, 2016, 03:11:41 PM
stop looking for a reason when you see a pump... sometimes theres is no reason(not a specific one..), is simple because it found a good support price and traders started to buy.

Exactly!!! In the altcoin market there is no way of predicting every pump and dump.


Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: shanem on July 31, 2016, 03:43:19 PM
There is no reason why DCR got pumped but this coin was stable around 0.0024 - 0.0027 for quite some time. Sellers couldn't drive the price downwards so when whales come to buy. there will be an increase in the price naturally. Besides, there supply of this coin is very little so it would not be too difficult to pump the coin.


Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: arielbit on July 31, 2016, 10:13:20 PM
i think it is because a gui wallet was released.


Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: JPred on August 01, 2016, 12:24:10 AM


the up in price is because traders suspect DCR revving the engine a bit you know, warming it up to get a feel for how DCR will perform at higher revolutions.  ;D



Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: .m. on September 04, 2016, 10:16:20 PM
Big dump, probably in reverse to BTC.


Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: Pendularin on September 05, 2016, 06:55:47 AM
Big dump, probably in reverse to BTC.

The price is just about 20% lower than the one about a month ago. According to the altcoin price standards, it is not a dump.


Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: .m. on September 05, 2016, 08:09:00 AM
You are right - the price seems sort of stable around 1.5 USD


Title: Re: Recent DECRED price pump, what can be the reason ?
Post by: r.o.o.t on September 29, 2016, 05:54:33 PM
Obviously the price is going down below 1 USD per DCR.