Bitcoin Forum

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now. :)

That is one hell of a one hour candle, eh. Wonder if the next leg will be back down tho.

It is the second time I noticed that. It also happened last month. We cannot be sure if someone is buying more coins or somebody is trying to pump the coins. If it is a real demand for bitcoin then it is a real score but if it is just an attempt to raise bitcoins value and laying out a trap for people to buy more then it is worthless. So let us be careful in making decisions we do not know if it is a trap or it is a real increase in value.

If you are in crypto market for long-term you should not be very scared when the price goes down, as well too enthusiast when the price is pumping.

As nothing increases or decreases forever, after a few months of "blood bath" on crypto market it is expected that a reversal to happen. Maybe that time is now, maybe not. But Blockchain is technology and technology's development in long-term has only one direction: UP.

Its a good news for us then? So is this the time to sell our bitcoin to gain profit or just hold onto it again? By the way, as for me, I'm very happy seeing bitcoin rising up again for today

http://i64.tinypic.com/2qmq3p4.png

It is for sure interesting. Another bull trap for the next diving?

Many prediction points that bitcoin will really pick up because its has hit double bottom at $6500. And we will also noticed that in the last few days, bitcoin price is somewhat stalled. Maybe investors are just consolidating and waiting behind.

But now they suddenly pours cash pushing the price to $8K, but suddenly its just above $7600 because daily traders are now starting to do their thing. But this is a good sign though that this bearish market will be coming to an end.

It's an astonishing movement though, jumped out of bed when I saw it, could hardly believe it. It happened so suddenly that I didn't even realize. However, I don't think any of us actually know or have a way to predict such rapid movements. It could be anything from something posted on a world-renowned website to a new massive investor who keeps buying for whatever reason. The price seems a bit stuck at above $7.600 for quite some time now though.

I think we are back in green and this is a good news for the bitcoin investors. And we can expect to see more of this in the third and fourth quarter of this year. And next year, coins will be a lot bigger than the previous year.

Do not know whether it is a bull trap or real thing but I didn't hear any good news about bitcoin today. If you're in a profit then book some profit and keep some coins and monitor the market instead of just holding or selling all your coins. Prices already below 8K and almost corrected 350$ from today's high price so I feel better to book some partial profit and wait.

I am also so curious about the sudden rise of Bitcoin price. Have not found any big news. Interesting. Maybe there is some coming good news, but normal investors are not yet able to know about it.

There OTC market has been exploding so I think there is some information spreading about some good news that has yet to be released

Generally, people who attempt to use technical analysis terms to analyse short-term Bitcoin prices are somewhere on "Mount Stupid (https://www.forbes.com/sites/chrisbarth/2011/12/29/want-to-make-good-decisions-avoid-mount-stupid/#3e45648415f5)" with the Dunning-Kruger effect.  They know some terminology, but negate how much analysis the more experienced investors actually tend to use.

When a serious investor attempts technical analysis on a stock, they spend hours contemplating their next move, and that involves analysis of many different, conflicting signals.  You can't look at one signal and use it as the justification for a price move.

Really, I doubt there's any decent reason for the increase apart from more speculation.

Bitcoin prices are hard to guess. Prices go up and down. That's why people are afraid.
People who are coin at a high price are now waiting for prices to rise. We will wait and see.

This is really exciting to see how the price has jumped quickly to such high levels. But I am pretty sure that this will not last for longer as such spikes has been reported over the time and cant really stand the resistance for longer period of time.

I mean just imagine how many people might be dumping their BTC to gain the huge profits. Obviously this will cause the volume to go down again by imbalance between the buyer and seller walls. For sure this will last few hours and will dump to below 11% sooner.

But I am really excited to see a miracle today and hoping that the prices will jump to ATH.

the current situation is slightly different from the previous market situation. today the price of the bitcoin falls and stays below it long enough, or practically stable. people have done the right thing when make use of this situation to add to their investment assets, and this will last a long time. bitcoin prices will rise in a little longer.

The news is that there was a record number of shorts in place as of this morning.  When a one hour candle jumps like that, lets be real guys, this is NOT a change of entire market sentiment, it is manipulation by a small number of players.  My guess is those players are Bitfinex, or any of the other exchanges sitting on the other side of leveraged shorts.  This $1000 jump merely forces all leveraged shorts out of their position, profits the exchanges that provided leverage, and now that lots of those positions were stopped out, the price can fall again.

Nice to see that bitcoin is currently starting to recover from it's previous dip where many people are now rejoicing for it's rapid recovery. Bear dip could be on the process of slowing down thus resistance to weaken resulting to this significant rise of bitcoin. Hoping this will continue to go on until the end of December of this year.

a bull trap is when price rises up slowly and then starts struggling at the end of the rise. which should have taken at least a day to get to that point not in one hour only.

this is only a rise which is happening like this because of FOMO buying. in the past couple of days that price was stable nobody knew which way it is going to go so they stayed away. and as soon as price showed signs of rise they jumped in hence the huge rise.

It's a mixture of war and sanctions on Russia. The Russia thing makes it hard for them to get money out of Russia, but buying cryptocurrency makes it easier.

Aren't these news are about those billionaires who has their names in articles since last week?

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I don't know what's the truth behind this pump but it can be a good sign that there's a whale who had bought the dip. While it's an opportunity for him, he gave also space for those day traders that already shorted and took profits from this pump.

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So this is the reason? Interesting...

I don't know what happened. There wasn't even any news.
But for now, it may be that the bull market has arrived. ;D

It starts to move upwards again. I don't see any reason why not. Most investors I think invest again by this time. The sudden increase I think due to commitment of some to lay their money again in bitcoin and have serve their capital one again. It is pleasing in the eyes to see it grow its value again.

that is the stock market for you. it goes up and comes down depending on our activities. we need to create more awareness and keep investing

Yes,there is a sudden bump in the prices but now the price is slowly falling and it backs to $7700.I think this is due to someone who bough decent amount of bitcoin or all the crypto currencies because all the price jumped at the same time.

Yes a huge bump happen an hour ago. This is good thing in trading if you hold a huge amount of bitcoin that you bought in 6k mark, this the best time to sell because im pretty sure a huge down will happen.

https://www.newsbtc.com/2018/04/08/soros-rothschild-big-institutional-investors-entering-bitcoin-market/  May be they did it just like that..? The huge investment of the big fishes realized today. As well may be Mt Gox finally cashed out 1 billion and left the market so a huge amount of sell orders finished at once..

was very surprising even, the price increased a lot and reminded me in the months of November and December where it increased 1000 $ in a few days, that was really an insane increase, we will see if in the next days the price increases more, would be happy if the price increased for over $10,000... I like this number


Market Cap has increased a lot too, we are in $298 875 370 329.


if this pressure of governments minimize that we will have more people investing again, unfortunately we can not expect anything good coming from the Chinese government:

China: Blockchain Conference Shut Down By Police, Organizers Claim ‘No Legal Issues’
 (https://cointelegraph.com/news/china-blockchain-conference-shut-down-by-police-organizers-claim-no-legal-issues)
 

I do not care what the reason is. The thing I care about is the price of bitcoin has increased. Look at the chart of bitcoins have not seen the signs go down. Maybe now the bitcoin price will go up more than 10k

Wow thats great if it just a whale attempting to pump bitcoin nothing will happen the price will just go back in the bottom, but if its a real pump the market will quick to recover, this is the best time for traders. Its good to see market rising up again.

This is Cryptocurrency, the price can go up and down anytime. when we expect the value to rise, but it turns the value down. and when we think its value goes down, but its value goes up. Cryptocurrency price is very volatile, so we as a Bitcoin player should not be easily surprised by the rise and fall of Bitcoin prices. this is natural.

A lot of short players who both at 6500 - 6700 will start to sell at 8-9000 very soon and will lower the price back to 7000-7500 for some time; it needs more time to stable recover 10K+

Maybe someone who sold at the top and made huge profits during the bubble is buying back in so they don't have to pay capital gains tax.
A whale who lives in the US. Tax day is only a few days away right?

from some information that I read and can be trusted, there are indeed some actions done by the whales by buying bitcoin with a total value of 13 billion dollars. there are predictions that bitcoin-level resistance will persist at $ 7900- $ 8000. if the favorable situation is very likely to touch the $ 8500 figure. but if it fails there is a possibility of bitcoin falling back to around the price of $ 7000

I have the advice for you that is to continue to hold bitcoin from now until the end of the year. You should trust me, I am sure with you that you will have a lot of profit. The chart of bitcoin is showing signs of increasing

Lots of wishful thinking on the forum, especially the newbies. Price will continue the downward trajectory. Why? Simply because the fundamentals are still weak, no fix in sight, also the current environment is still hostile to crypto. Too much headwind and strong currents working against btc and other currencies. Whoever bought at $8000 are going to weep, but please do not feel sorry for the Russian buyers, they have it coming to them. These are evil, unsavory people who don't bat an eye when they poison and kill their own people and others around the world.

I'm not sure the whale is behind all this. market movement certainly involves buyers and sellers. needs that exceed the seller. yes, I think this situation is really surprising because there is no evidence of previous growth. hopefully this is not temporary and will end well in growth on another day

Yes it's really nice to know that the market is turning into green again it's really good to see but I doubt if it will be for a long time or just for only single day because in previous flow of it I think it's really like that too when pumping just a little and then afterwards it's downing fall again. Well I think for now nothing to be celebrate because I think that this is only a normal fluctuations and may a couple of hours or maybe days it will back again in downside but I'm hoping that it will be goes more upwards so all of us will be happy.

This one was a highly manipulative pump from the exchanges. It might be an exit pump. Exchanges know our stops/liquidation price and everything. That's why the price pumped to $8k because all the open shorts were set to $8k limit. The recent altcoin pump was also done to gain more BTC to dump it when it reaches $8k. As there is no such Bullish news or FA that could have brought this huge pump. That's why I highly doubt this attempt. Over $1.2 Billion was traded in this pump. A clear pump attempt by exchanges. Now they will try to liquidate longs because people now will think that BTC is bullish and will take long positions. BTC can only be termed as bullish if it crosses $10k threshold. Before that thinking it as a bull market can get you rekt. Next some days are crucial to know the actual price movement.

Like everyone else here, even I think this was a bull trap. A sudden pump of $1k in an hour cannot be termed as an organic growth. Market doesn't work like that. There was no recent news or investment attempt by any big name that can bring a pump in this heavy sell off due to the approaching tax day. I think this was a big manipulation by the bulk HODlers. They have been doing this since the year start. Price is indeed maintaining the $7600 range but that cannot guarantee a bull market phase. This is highly doubtful growth.

Just speculation... nothing more, nothing less :

 https://www.reddit.com/r/Bitcoin/comments/8bplmp/over_150_million_of_shorts_were_just_liquidated/

A lot of people lost a ton of money in a hour.  ::) .... The user #Markers34 gave a excellent explanation of what happened

there.  ;D

Thanks for all the explanations guys,but now the price is falling again not happy now,I think the prices are falling because of many people who bought the bitcoin earlier today are selling now just easy money in few hours but we really need to hold our coins never get attracted by these kind of traps.

Exit from the correction triggered the opening of exchanges for the registration of new users, as well as a positive news background in many countries

The price of bitcoin over time will again begin to rally after suffering from a huge dump and therefore a crash in price. once the shock is absorbed, The price begins to rally and the markets look brighter

This is a very good news after a long correction it is back. Now a big question is how long it will go. We have to wait and watch for the reumors that ceetified That it will gi to 200k$.

I think sudden bumps of bitcoin price is normal because Bitcoin recently recognized by many people and this situation facilitates rapid declines

I think we have seen too many bull traps these past few months. This one is the real deal i.e. start of the next bull run as is typical of April and Q2. It should be an upwards ride from here on in. Last chance to join in the game for anyone lurking in the forums

Prices have stabilized in the last few weeks that have created new portals or floors for bitcoin base in the future. The hike that occurred in the last few hours I think is a signal that a reversal of the downtrend has arrived. If viewed from the chart with a time frame of 1 hour that the 5-day and 10-day SMA lines have crossed and previously many speculated that if the cross happens then there will be a bullish trend. Hopefully, this is a good sign for bitcoin in the future.

It maybe that the price has now stabilized at a point in which the bitcoin price has steadily rosed in its prices. This is really due with how the trend of its dip has been excruciatingly becoming longer and all the bitcoin users whether newbie or even the veterans are really feeling the heat. This just shows that I am right when it comes to the potentail and growth of bitcoin in the cryptocurrency market and that bitcoin is not yet dead and with this welcome back bitcoin!

Bitcoin rises and falls on a daily basis. It can rise and fall back in a few hours. Make the most of the peaks and troughs and hope that overall the price is upwards.

It's a mixture of war and sanctions on Russia. The Russia thing makes it hard for them to get money out of Russia, but buying cryptocurrency makes it easier

The sudden surge in bitcoin is not strange,if you know the graph or profile of bitcoin, from January to  mid April bitcoin is always low,then from April ending to December bitcoin rises,

but until now bitcoin price is still 8k. do you still consider it is a bull trap ?
a sudden pump is a common thing in crypto because its volatility on the price. no wonder if crypto market works like that.

I think soon we will see another take-off of bitcoin to 25,000

Some investors definitely have Bitcoin's desire to always go up even though the reality is uncertain but if the fear of rising bitcoin, it seems that it is impossible because this is hope ...

I'm not suggesting the price is going up. In the whales this case or positive in the news, or in their absence, but the fact that bitkon grows very pleases its owners.

The pump is what everyone is waiting for, seems the correction of 2017 is over, I hope we will have a steady and realistic growth this year, highly expectant for the pump of BTC TO $20,000

The market is gradually recovering and the capitalization of the cryptocurrency market is increasing. The uptrend has started about a week now but I think the bitcoin needs to cross the $ 11k milestone to rise sharply and out of the downtrend of time. The market is still fluctuating so should watch more in the coming time.

We all believe that the whales are making every action in the market.

Like what happeend when bitcoin bursted from $6500 to $8000 and that's a quick pump that was suspected made by another whale.

Due to this news.

First Soros, Now Rockefellers’ $3 Billion Firm to Invest in Crypto (https://news.bitcoin.com/first-soros-now-rockefellers-move-into-cryptocurrency/)

yes, sellers panic a little again will run out and purchases increase high. then also a little FUD, even nothing. but I'm afraid the FUD will come all of a sudden and drop again.

so, I think the correction does not make the bitcoin comfortable and bitcoin needs some good waves for surviving and rising.

the principle of bitcoin depends on how the deal is between supply and demand. Bitcoin has a homogeneous character, meaning that bitcoin pieces affect the other.

then there is also no entity that controls the price of bitcoin, make very high bitcoin fluctuations. bitcoin is determined by all those who have bitcoin. if we have bitcoin, then we determine the bitcoin price.

when we buy bitcoin, then we have contributed to the amount of demand, so the price will rise.

it is true that the price of bitcoin depends on the buyer's demand, if the demand bitcoin exceeds the sales demand, the bitcoin price goes up drastically and could be like the end of last year which experienced a fantastic increase

it was not sudden bump, it just the time for correction has done. usually after market falling, it will goes up back.
but i dont know well, some says because there are big companies enter crypto.

Bitcoin prices are very different in the current market than the previous market. Now Bitcoin's price is a little lower but does not take long, its price will increase again. People have lived the right to use this time. It is invested more and it will last for a long time. It is sometimes reduced because some countries declare it illegal and prohibit the use of it. But now more than 8000 dollars now. In the future it will grow a lot more.

If course whales are always suspected in every bitcoin price motion. We focus on bitcoin it is the mainstream in crypto land. Whales alliance have a big participation in terms of manipulating the price specifically bitcoin. They can choose what ever they want to perform according to the price they talk about.

I got the same news few days before and I guess this is the very good news for all the crypto currencies because after so long the valuation is hiking once again and it is happening since last past week and valuation has inflated to 20% from last week and I’m this thing has motivated investors to again invest into bitcoin and they are investing and this the reason why the valuation is still inflating and I guess this is due to action of big whales that has inflated the valuation again and now we can see the happy faces of investors.

The current valuation of bitcoin is about $10000 and according to many wise economists the valuation will inflate further more and according to the growth statistics of bitcoin , the valuation has increased up to 20% in the last past week and the reason behind the sudden bump in the valuation is that now people are getting the real fate of bitcoin that the potential of bitcoin to be very great and has provided employment and reduced poverty to a very great extent and another reason being is the big whales I guess.

maybe its not a bump that you taught, maybe it just a panic buy from the buyer of bicoin, that moment can created when the buyer of bitcoin is increasing when the stock in the market is low, so the price will going up in the moment and will back to normal if the rate of bitcoin is stable again, so i think that moment is like the panic buy moment  ;D ;D

Nothing is new, that is how the system works and do not be surprise about it, maybe next two months it will move to $9000. Just hope many people will buy coins.

Nothing will happen, and where the price will go back below. It is a real pump market will quickly recover and the best moment for traders. It's great to see the market go up again. 8)

I think it's a good news then since after selling our coins we will gain more profit because the bitcoin has risen up

I think in the current situation, bitcoin is now under bearish market where it had declined down up to $8.1K USD. I believe that this current price had declined and this is now going for correction where it is realigning for another recovery within the succeeding months. The price value may pump probably within the coming weeks and may prediction it will reach at $10k within August of this year.

Well the bump in bitcoin was caused when somebody bought a large amount of bitcoin that have caused the price of bitcoin to 8700$. Bitcoin even rallied up to 9900$ but it never breached 10k$ due to a high resistance. But with huge dumps of bitcoin the price went down to 8100$. I hope we can break the resistance and start going up again.

The sudden pump is as a result of a little high in the demand for BTC, demand increase base on 2nd quarter speculation of  BTC  real pump,this is more like a ususal occurence in 2nd quater.

These days bitcoin demand is getting high as more and more people are trying to switch to bitcoin and buy it at any cost so this is the reason why bitcoin is getting famous among us, as bitcoin pumping is all about demand and supply so if we want to keep it pumping for long, avoid selling at panic and keep holding as well keep buying if you have capital.

Why?
Because of many freaking reasons.
No one actually knows how exactly the prices will behave.
Otherwise, we'd be billionaires already.

However, machine learning is getting faster into this, so we'll do better in price analyses in the future (hopefully)  :D

The fall in the price of Bitcoin may be the result of the deterioration of the general sentiment, including by the actions of the authorities of South Korea, which recently suggested the idea of ​​significantly reducing the trade in cryptocurrencies. Bloomberg, Finance Minister Kim Dong-Yeon, quoted by Bloomberg agency, said that "the closing of cryptocurrency exchanges is still an option," but this matter requires a "serious" discussion between the ministers.

On the other hand, two stock exchanges in the US (CBOE and CME) in December opened futures trading on Bitcoin. Shortly after, the price of the most known cryptocurrency increased to nearly 20,000. dollars.

However, now the launch of contracts could also become one of the reasons for stopping earlier spectacular increases in Bitcoin, as the number of institutional investors involved in Bitcoin turnover has increased. The contracts allow you to use trade strategies that are also focused on Bitcoin's price drops.

Pumping time fact this now fair. See this time I understand now this situation very bad for the bitcoin value and all another currency.but most important it will 8$k never end.hope soon get up excited value.

All will not happen if the price will come back down, if it is a real pump the market will recover quickly and this is the best moment for the traders later when it is nice to be able to see it going back up again. 8)

Hi there semobo! That could be true, I notice on those dates that there are big whales trading across different trading platform. I have even notice them until the consensus happened. After that, whales seems go underground again which make the price follow to the dive. But in terms of other currency, I think it just go with the price of bitcoin, you can even notice that when bitcoin price goes up, most of the alts price is goin up too, and when the price of bitcoin go down, those alts also follows. But not all of them do the same, some even negates the flow of bitcoin. But if you will notice zcash suddenly skyrocketed due to its introduction to a famous trading platform.

I have seen these kind of phenomena recently, so i am not surprised at all. Actually bitcoin has been working like this for a long time. The market will fluctuate again. But we can always hope that it will give a big boost in near future.