Bitcoin Forum

How to explain the sudden run up on Thursday? Surely it wasn’t all related to the upcoming futures? And why has it leveled off now? Will it pump again on Sunday?

I'm not sure what's behind it, but I managed to sell at the peak and I just bought back in, so I'm happy!

It is leveling off. Coindesk shows the price as $14.1K right now, a 12% decrease. When a major threshold is approaching, it has become a tradition of sorts for the price to rise so suddenly, and then fall back down once the threshold is reached because people are dumping their coins. It is to be expected at this point.

Please try to understand the price of Bitcoin is currently "controlled" via leveraged trading and other methods.

It's impossible to predict in which direction the whales will take it day to day. Focus on long term trends, this is best.

Please try to understand there is no reason to be condescending. I understand what you say, I’m simply curious and trying to learn. Help or move on.

I'm confused as well??????

Yep. That question has no definite answer because the events and developments that will unfold is an open book. So, what now? As a person investing in Bitcoin with long term goal set, you need to be updated. By this, you will came to know when to pull out and when to continue. That will determine how long is long.

Not sure but Saturfay’s big dump has been going on all day :(

Yes that was gonna be my next question, lol

Really confuse too,don,t know what is really behind the big pump

The price rise of bitcoin is crating a virtuous circle of adoption. Many people heard of it again (most have heard of it already) and realized that it could be an opportunity to make money while markets are still so bullish. Capital flows in bitcoin markets are geared to becoming greater day after day through this rally due to this effect. Exchanges are handling record volumes through these days.

Trump.


Alot of us dont follow traditional fiat markets, so we dont understand how the current political situation has played a role in the price. a lot of this advance is due to the extra capital traditional wallstreet has given the fact that the tax code might be changed. old school stock markets have soared, and those taking profit has send a few bucks towards btc. thus the price. if you were watching gdax while Trump was making his Israel press release, you may have noticed the markets went perfectly sideways the whole time he was talking. as soon as his speech ended, we spiked ;) seriously, check it out, Im not lying and you can see this yourself.