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Title: Why is the bitcoin price rising rapidly today? Post by: cuddaloreappu on May 25, 2014, 07:51:28 AM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?
Title: Re: Why is the bitcoin price rising rapidly today? Post by: pr0d1gy on May 25, 2014, 07:54:00 AM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Yea, past week has been good week, I guess... Maybe the price being stable for so long got people coming jumpin on the band wagon. Either way, happy its moving somewhere now. Title: Re: Why is the bitcoin price rising rapidly today? Post by: bluemaster on May 25, 2014, 08:12:23 AM looks to me like short squeeze ?
Title: Re: Why is the bitcoin price rising rapidly today? Post by: Chrithu on May 25, 2014, 08:15:49 AM Maybe it is because of the news about ebay/paypal planning to get involved in bitcoin. Not sure though if that necessarily is a good thing.
Title: Re: Why is the bitcoin price rising rapidly today? Post by: haploid23 on May 25, 2014, 08:17:17 AM Because Chuck Norris bought 1 bitcoin.
This really belongs in the speculation section. Title: Re: Why is the bitcoin price rising rapidly today? Post by: balu2 on May 25, 2014, 08:19:25 AM the reason is that every bear with a brain needs to turn to a bull at one point and vice versa. It can't go down forever.
Title: Re: Why is the bitcoin price rising rapidly today? Post by: zimmah on May 25, 2014, 08:57:12 AM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Just market momentum. Hundreds if not thousands of people have been expecting a bull run around this time. Now it's finally happening. News has nothing to do with it. Bitcoin does what bitcoin does. Title: Re: Why is the bitcoin price rising rapidly today? Post by: Trinxer on May 25, 2014, 09:45:32 AM Because bitstamp is about to do a mt.gox and is selling everyone's coins on them without them knowing. When bitcoin price rises something shonky is going on.
Title: Re: Why is the bitcoin price rising rapidly today? Post by: porcupine87 on May 25, 2014, 09:49:11 AM Maybe it is because of the news about ebay/paypal planning to get involved in bitcoin. Not sure though if that necessarily is a good thing. They are telling this every few months. Maybe because Richard Bransen invested in Bitpay? Maybe because there were no bad news for a while? I am very scepitical... Title: Re: Why is the bitcoin price rising rapidly today? Post by: Wandererfromthenorth on May 25, 2014, 09:51:34 AM Because bitstamp is about to do a mt.gox and is selling everyone's coins on them without them knowing. When bitcoin price rises something shonky is going on. Stop with this bitstamp doing a "stamping" thing pls.Withdrawals work just fine after you send all the info (aka no withdrawal issues), they are only paranoid about money laundering issues. Title: Re: Why is the bitcoin price rising rapidly today? Post by: blatchcorn on May 25, 2014, 10:03:08 AM Because everyone wants to buy part of the world's future money supply
Title: Re: Why is the bitcoin price rising rapidly today? Post by: cypherdoc on May 25, 2014, 10:33:47 AM the reason is that every bear with a brain needs to turn to a bull at one point and vice versa. It can't go down forever. Bears have brains? This is Bitcoin! Title: Re: Why is the bitcoin price rising rapidly today? Post by: Wilhelm on May 25, 2014, 11:34:45 AM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better :) Once you go past the tipping point there is no holding back :D Title: Re: Why is the bitcoin price rising rapidly today? Post by: davidgdg on May 25, 2014, 11:38:49 AM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better :) Once you go past the tipping point there is no holding back :D There are a number of problems with that analogy ..... Title: Re: Why is the bitcoin price rising rapidly today? Post by: Wilhelm on May 25, 2014, 01:58:19 PM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better :) Once you go past the tipping point there is no holding back :D There are a number of problems with that analogy ..... Yes bitcoin doesn't have magic blue pills for bear markets? Title: Re: Why is the bitcoin price rising rapidly today? Post by: JimboToronto on May 25, 2014, 02:06:26 PM the reason is that every bear with a brain needs to turn to a bull at one point and vice versa. It can't go down forever. Bears have brains? This is Bitcoin! Damn. You stole my post. Word for word, or at least the first sentence. http://i664.photobucket.com/albums/vv10/JimboToronto/sillybear1.jpg (http://s664.photobucket.com/user/JimboToronto/media/sillybear1.jpg.html) :) Title: Re: Why is the bitcoin price rising rapidly today? Post by: 21pilot on May 25, 2014, 02:14:33 PM Because bitstamp is about to do a mt.gox and is selling everyone's coins on them without them knowing. When bitcoin price rises something shonky is going on. Stop with this bitstamp doing a "stamping" thing pls.Withdrawals work just fine after you send all the info (aka no withdrawal issues), they are only paranoid about money laundering issues. they cater various European states with different money laundering laws. Therefore I can see the need for a very strict KYC/AML system in order to fulfill the laws of 40+ countries regarding money laundering at once. Title: Re: Why is the bitcoin price rising rapidly today? Post by: segeln on May 25, 2014, 03:49:16 PM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better :) Once you go past the tipping point there is no holding back :D Title: Re: Why is the bitcoin price rising rapidly today? Post by: DustyRah on May 25, 2014, 04:06:18 PM Its rising because no one wants to sell. With positive technicals at this time and only more neutral and positive news, BTC has a solid chance to rise in a stable manner now.
Title: Re: Why is the bitcoin price rising rapidly today? Post by: bitleif on May 25, 2014, 04:12:15 PM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Why do some people need to get a narrative explanation behind every single market move? :P Title: Re: Why is the bitcoin price rising rapidly today? Post by: thirdprize on May 25, 2014, 06:19:09 PM I think with each big jump in prices it is either a large push by the press igniting interest OR some new drug/porn site opening on TOR! I notice Darkcoin went up the same time as Bitcoin last week, so i would suspect the latter of the two.
Title: Re: Why is the bitcoin price rising rapidly today? Post by: Karasugoi on May 25, 2014, 09:01:18 PM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Why do some people need to get a narrative explanation behind every single market move? :P The past 6 days have show us volume and price movement that are significantly higher than we have seen for the past month. Looking for posts that explain this movement didn't yield anything. Seems odd for someone reading in speculation posts to not want to know more? Do you have an explanation?? Title: Re: Why is the bitcoin price rising rapidly today? Post by: exocytosis on May 25, 2014, 09:06:57 PM Do you have an explanation?? From Reddit: Quote It depends on what people are doing. In this case it may be that people who have been day-trading on BitStamp have decided to move their money out, and the easiest way is to convert any fiat they have on BitStamp into BTC and withdraw those, rather than waiting days for the international banking system to maybe give them most of their fiat back by bank transfer. This would push the value of BTC on BitStamp upwards, and other exchanges would follow on the assumption that the rise is real. Quote Remember what happened with mtgox when they stopped/limited fiat withdrawals (which is what stamp is doing now)? People buy coins because they can still move those out -> price goes up. http://www.reddit.com/r/Bitcoin/comments/26fdkz/whos_watching_the_fireworks_with_me_the_bitstamp/ (http://www.reddit.com/r/Bitcoin/comments/26fdkz/whos_watching_the_fireworks_with_me_the_bitstamp/) That's the best explanation I've seen so far. Might be wrong though. Title: Re: Why is the bitcoin price rising rapidly today? Post by: Wandererfromthenorth on May 25, 2014, 09:25:15 PM Again, STOP with this bitstamp FUD.
Jesus christ guys, why are we going up you say? Simply because exactly on Tuesday 20th of May we touched a precise crucial point in the graph when we had to either breakout or go down to the depths of hell. We chose the former. period. is not complicated to understand. https://bitcointalk.org/index.php?topic=618116.0 Title: Re: Why is the bitcoin price rising rapidly today? Post by: bitleif on May 25, 2014, 09:35:11 PM Again, STOP with this bitstamp FUD. Jesus christ guys, why are we going up you say? Simply because exactly on Monday 20th of May we touched a precise crucial point in the graph when we had to either breakout or go down to the depths of hell. We chose the former. period. is not complicated to understand. https://bitcointalk.org/index.php?topic=618116.0 (https://bitcointalk.org/index.php?topic=618116.0) Exactly. Markets are chaotic systems with their own internal forces. Everyone watches what everyone else is doing, which causes feedback loops and can lead to sharp, unpredictable and very non-linear behavior. No external news is necessary. Title: Re: Why is the bitcoin price rising rapidly today? Post by: Karasugoi on May 25, 2014, 10:12:38 PM Again, STOP with this bitstamp FUD. Jesus christ guys, why are we going up you say? Simply because exactly on Monday 20th of May we touched a precise crucial point in the graph when we had to either breakout or go down to the depths of hell. We chose the former. period. is not complicated to understand. https://bitcointalk.org/index.php?topic=618116.0 Something did happen, you can stare at your charts all you want but 6 days ago something happened. I find the bitstamp explanation much more credible than your TA speculation. That and insiders at PP/Ebay possibly looking to make a fast buck before they release news. Time will tell who is right. Title: Re: Why is the bitcoin price rising rapidly today? Post by: Wandererfromthenorth on May 25, 2014, 10:35:01 PM Again, STOP with this bitstamp FUD. Jesus christ guys, why are we going up you say? Simply because exactly on Monday 20th of May we touched a precise crucial point in the graph when we had to either breakout or go down to the depths of hell. We chose the former. period. is not complicated to understand. https://bitcointalk.org/index.php?topic=618116.0 Something did happen, you can stare at your charts all you want but 6 days ago something happened. I find the bitstamp explanation much more credible than your TA speculation. That and insiders at PP/Ebay possibly looking to make a fast buck before they release news. Time will tell who is right. If the sudden rise happened because of the bitstamp thing (which as I said is just FUD, have you heard of actual withdrawals problems, like withdrawal orders not getting trough?), why did it happen exactey at that point with ZERO movement before?? Title: Re: Why is the bitcoin price rising rapidly today? Post by: kireinaha on May 25, 2014, 10:46:06 PM Again, STOP with this bitstamp FUD. Jesus christ guys, why are we going up you say? Simply because exactly on Monday 20th of May we touched a precise crucial point in the graph when we had to either breakout or go down to the depths of hell. We chose the former. period. is not complicated to understand. https://bitcointalk.org/index.php?topic=618116.0 +1 Every time I see someone come in here and ask, "Why is the price going up??" Or, "Why is the price dropping??" I know that they must be new to the bitcoin community, or just clueless. Anyone with some basic TA skills and an understanding of elementary market psychology can see these moves coming in advance with reasonable accuracy. I'm an idiot and I predicted the trend reversal to the very day it happened: No doubt we're consolidating, each correction is getting tighter and tighter. The revised forecast is now May 19 for trend reversal confirmation. Then.. moon! https://i.imgur.com/9spprTa.jpg Title: Re: Why is the bitcoin price rising rapidly today? Post by: MyPotPlantDied on May 25, 2014, 10:51:14 PM One theory is that Asian interest is back as Hong Kong might be a safe harbor of sorts.
Title: Re: Why is the bitcoin price rising rapidly today? Post by: Wandererfromthenorth on May 26, 2014, 02:52:54 AM Again, STOP with this bitstamp FUD. Jesus christ guys, why are we going up you say? Simply because exactly on Monday 20th of May we touched a precise crucial point in the graph when we had to either breakout or go down to the depths of hell. We chose the former. period. is not complicated to understand. https://bitcointalk.org/index.php?topic=618116.0 +1 Every time I see someone come in here and ask, "Why is the price going up??" Or, "Why is the price dropping??" I know that they must be new to the bitcoin community, or just clueless. Anyone with some basic TA skills and an understanding of elementary market psychology can see these moves coming in advance with reasonable accuracy. I'm an idiot and I predicted the trend reversal to the very day it happened: No doubt we're consolidating, each correction is getting tighter and tighter. The revised forecast is now May 19 for trend reversal confirmation. Then.. moon! https://i.imgur.com/9spprTa.jpg Title: Re: Why is the bitcoin price rising rapidly today? Post by: JimboToronto on May 26, 2014, 02:59:42 AM we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason? Because demand is greater than supply? Title: Re: Why is the bitcoin price rising rapidly today? Post by: YipYip on May 26, 2014, 03:16:57 AM Because hoes gotta smoke da crack ...its science
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