Bitcoin Forum

I can see lots of big trades in bitstamp and price goin up fast. what is happening? is someone manipulating the price or what is the reason for this fast jump.

I think a lot of people were on the sidelines, just needed a push.
Pushes include its monday (new fiat on exchanges?) UK tax rules and Ukraine issues. 

Meh, this is one or two people or an institution just throwing its weight around like a dickhead. Nothing more.

Bitcoin is a deflationary currency.

There is a limited amount of Bitcoin.

http://en.wikipedia.org/wiki/Bitcoin

It has got to be the Ukraine Crisis!

But apparently that is me just being paranoid. Fortunately I have experienced people like oda-krell around to keep my noobish head on the straight n narrow.

Buy buy buy

Because I am buying! :) just joking

I actually sold a lot of coins the last few weeks and am regretting it now.

PANIC HODL!

wall street is buying

The UK has relaxed its tax rules on cryptos, so there has been a big confidence boost because of that. Its now easier for The City to trade with cryptos tax-free, so the big sales will be mostly from bankers moving profits around. The UK government just found a way to anonymously move money... so expect a lot of movement over the next few days.

check the technicals: zoom out to a 1D chart and you'll see a months long decline. this line could be broken now.

would have been a great advise a couple of  weeks earlier or maybe few years ago :p..!

I'm going out on a limb here and saying it has something to do with the relationship between supply and demand.  ;D

No, are you serious? it cant be! Can it?

 ;D

Half of BTC community has been goxed!

- BTC stolen

- Fiat stolen

- Identity scans stolen


Now the remaining half want's to be stamped.

Fortress

What happened today is wires hit Bitstamp. It's been 5 business days since the reversal from 400 was first sighted and called, and now the wires are finally hitting. It's really that simple.

How about, markets are complex and there is more than one reason  ;D

AFAIK there hasn't been real good news today, so I guess it's just some manipulation by people pumping and dumping.

Well said

Is really now easier to trade BTC in UK ?

As far as I know VAT was never fully implemented, that was their idea for a while. It'll make things clearer so more infrastructure will arrive. What the UK really needs is a bank to get on board.

Well, there is:

The final death of Mt.Gox, easing speculator sentiment back to buying now that we've seen the market reaction since, no new outbreaks of exchange stupidity detected since. I think this is honestly most of it right now. Banks are open today so people can start buying again.

Ukraine/Russia scrambling to save their banking systems (Cyprus 2.0 on the way? Highly possible). This also came with a serious downturn in Russian stocks today.

     And for that matter, the collapse of emerging markets and their currencies (Bosnia, Argentina, Turkey, etc), possibly driving new users into Bitcoin that want/need out of their banks before they collapse    and/or induce more Cyprus style "haircuts" on their own customers money.

UK killing their Bitcoin tax policy, or at least rethinking it


In the end who really knows though, everyone has their own reason to buy while Bitcoin reacts to the world, and the world finally reacts to crooked banks and corrupt governments.

All of the above.

idk..if theres one thing im sure of, i hate it x[. now my paycheck buys alot less bitcoin

It's just a whale feeding his fishy so he could eat them when they're fat enough ;D ;D ;D

Interesting watching the mainstream news articles right now ... I hope that Russia isn't actually trying to grab back a piece of Ukraine.  But that's definitely why the price has spiked.  Russian stock market dropped 10% today, currency traders on Moscow streets are running out of foreign currency, and gold is up 1.4%.  Every time there's a world crisis, Bitcoin goes up by 10-20%.  Cyprus, Syria, now Ukraine.

http://www.ft.com/cms/s/0/176d4052-a2c0-11e3-9685-00144feab7de.html#axzz2uwWLExO9 (http://www.ft.com/cms/s/0/176d4052-a2c0-11e3-9685-00144feab7de.html#axzz2uwWLExO9)

Why do people need to find extra-market explanations? It's just the 4h MACD crossing.

woohoo! China wake up and continued the pump! Then after 3 more hrs, russia will pump next XD

Thats the great thing about bitcoin it doesn't care about times zones.... if we get enough countries on board the pump will never stop and run at all times of the day :D

Someone is pumping that BTC pussy.

Damn! I fell asleep and miss Russia's pump to 700! I miss that extra 3% profit! ;D ;D ;D

see our short analysis here:
http://www.bit-sky.com/index.php/english/429-20140304-14-10-trend-analysis-of-democurrency