Bitcoin Forum

Why Bitcoin price is going Up so High today?

Somebody set up us the bomb

Normal movements of bitcoins mate and actually you can earn with that if you really monitor and execute some short trades with it, Aswell as just be calm if you see some little downfall since surely price will bounce back again since bitcoins was known as high leaper. So just chill and see some great result after these following days.

That's the thing, there is no real reason why the bitcoin price would be going up at the moment as there were no technical improvements that would make it more valuable than it was before.

Also the price kinda shouldn't keep on going up at the moment because of the still going feud with the uasf. It might even split the bitcoin into two separate coins, one accepting segwit and one not because basically what will happen on the 1st August is that nodes (the people) that support uasf will start rejecting the blocks that are not in favor of segwit. If in an unfortunate and unlikely event the miners that don't support segwit now won't jump in the segwit train, they will be mining on a separate chain.
Can't really call it normal movements when the price is clearly just pumped up by speculators. I can almost bet that the most volume comes from china traders that just need the money as always (like with the bitcoin unlimited case).

For me the more the price is growing the scarier it is because it means that the dump is going to be more powerful. Bitcoin will start collapsing by a little bit but then the panic sell will start, which will have a dumping power to maybe even 1500 each.

Bitcoin price moves every day up and down, now is going down. If you aren't a trader you don't need to look the price every day.

While it isn't being pumped the price will go down due to normal day traders selling. It'll be just like last time, a little sideways and down motion and another spike. Won't even show up much on 3d or 1w graphs in most cases. If you need to spend your coins, don't worry about it- the difference is negligible most of the time.

It's normal for bitcoin to go up and down for daily basis. There is no such exact reason to that but the buy and sell activities of a trader. I suggest not to look up on bitcoin price chart for many hours of the day. Just an update is nice to see if there is a trend.

Asked some questions if you saw the price goes on burst for about large value, the same goes for price decrease and surely it has a backup reasons.

Its normal bitcoin price down but it will recover again after few days. All coin coin expeienced down and up price. Even the bitcoin also. This is good opportunity when you see the price down because you have a chance to bug bitcoin with cheap price than the previous price and thats gives you profit for aure after few weeks , days or even month. If you see the price down buy more.

We are experiencing a period of very high volatility for several weeks, in fact today I have not seen an activity in the bitcoin price so markedly different from previous days. I hope I'm wrong but maybe it's time for us to get used to these violent swings of a hundred of dollars up or down each day.

Bitcoin price fluctuating within certain limits is just a common thing happening with the price during the time of growth. Right now too the same thing is happening and I believe the price might sustain around $2900 for a short time period before reaching $3000. The price difference is happening within $100 to $150 difference is just a minor fluctuations considering the price right now.

Now bitcoin again down to 2735$ and it shows the bitcoin volatility. Price use to fluctuate from 2014 till now. As bitcoin has been adopted by the many government coming up by following the Japan Government. You can find bitcoin price as 3000$ for sure before this year Christmas.

first visit a bitcoin price history chart and set the interval to 1 day, then try panning left as much as you can and start looking at the charts and the movements. the same thing is happening once again! price goes up then people sell for profit, it comes down a little (called correction) then they buy back again in the dip and it goes up again after some time.

The ups and downs of bitcoin price during the day simply reflects the price buyers are willing to pay meeting the price that sellers are willing sell for.

Is it true MTGox will pay back they clients and make bitcoin price up yesterday?

Yes, we cannot expect prices to keep on increasing everyday. After bitcoin pries has hit $2930+ levels, we are seeing gradual profit booking time to time. But in my opinion prices are staying strong and sustaining above physiological resistances of $2500 levels. So, we can expect prices to start claim again in real time very soon for the targets of $5000 and then $10000 ranges. But before that we may need to face some sloppy market conditions like this.

You want to know what happened with bitcoin price? Cuban happened!

Mark Cuban tweeted that Bitcoin is not an asset but rather a religion.
When Mark Cuban tweets, people listen and this tweet spooked some weak hands, so we experienced a fast dip.

More info: http://www.marketwatch.com/story/mark-cuban-tweets-and-bitcoin-drops-2017-06-06 (http://www.marketwatch.com/story/mark-cuban-tweets-and-bitcoin-drops-2017-06-06)

Why do people still pay attention to what he says?

Last time he said things against Trump and failed.

Now he tried to manipulate the market and succeeded in the short term, but in the long run I don't think he will do better than with Trump

I think bitcoin movements are just a normal behavior, well everything traded has this behaviors regadless of whatever it is. Be it stocks, precious metals, digital currencies, etc. they will all move and sometimes it happens that today it goes up and down within the trading day.

Nothing new, it goes up and down literally every minute, only the exchanges update it at particular intervals. It goes same with any flat currency too. Perhaps we don’t observe the trend for some time and when we come back it looks like an abnormality.

Bank wires are so slow ... http://imagizer.imageshack.us/a/img924/2013/QR1BrM.jpg http://imagizer.imageshack.us/a/img922/366/hzyWPr.jpg

The price is sidewaysing after the push to the new ATH near $3k

Looks like the tweets from Mark Kuban ended the mini bull run and people are just bored now

Does Mark have bitcoin or something related to bitcoin? I wonder why he would tweet about bitcoin being a bubble when $3000 was so close. Or maybe it was just a coincidence

Mark is a complete no-no. Before all this, 99% of the people here didn't know who he was, or that he had some sort of interest in Bitcoin, and now suddenly people think he is the reason behind the price going in this or that direction.... People here are a joke -- they jump on everything that comes in the news, it's really pathetic.

That's a normal situation that happens daily with bitcoin and as you do yiur trading on your few btc holding and maybe you can increase it all the time your have earnings, you should do short term tradings. You can wait until the price will bounce back again to higher price because bitcoin is really known to be possible of capability of price rise strikes, and that due to rise of the demand also. So you should stay focus and relax on your plans and goals of your investments, just let the day ends with a positive thoughts.

Screw Mark Cuban he is a nob.
Jim crammer on cnbc said now bitcoin may get to 1 million ( but his reason is quite different) He claims corporations are buying large amounts of BC due to protection from ransomware and not invention. Whatever. Just as long as it keeps rising!

The price of bitcoin depend on the demand of bitcoin. At that day the demand of it increased very high and people wanted to buy bitcoin at higher price and because of that on exchanges the price of bitcoin increased up very higher while after that a little drop is the correction of the price.

Bitcoin price today is a litle bit higher than yesterday. Maybe  segwit news become positive issue for investor.

Why do people always have to have a reason for daily price fluctuations?

There's a reason for the continuing long-term price rise... supply and demand. Supply of new coins is limited and decreases with every halving. Demand grows continually with ongoing global adoption. The price is bound to keep going up long-term.

Some large price dips can be attributed to events or news. Usually they are triggered by things like problems at individual exchanges such as hacks or fiat transfer problems, and exacerbated by panic selling by noobs and other weak hands.

Other large dips are simply natural corrections and profit-taking after a particularly steep rally. These are also often accompanied by panic selling.

In most cases the price recovers fairly quickly from these dips. The best thing to do is use these dips as buying opportunities.

A daily price  fluctuation of $100-$200 is just normal business-as-usual and needs no news or other reason to justify it.