Bitcoin Forum

12 hours ago (before I go to sleep) , the price was something like 575$ If I remember right , I woke up and found it 600$ (using preev.com rates) .
What could cause this price increase ? I checked some news websites and I couldn't find any obvious reasons , the only thing I read and I found interesting is Bitfinex paying their customers back from the HACK but I'm pretty sure It has nothing to do with the increase.

It seems so. Don't worry though it is getting back to the point where it was before. That pump may have something to do with the recent polls about the elections. Donald has a lead against killary again. That may caused a panic among the USD holders. Personally, I would buy more USD after hearing those news. :d

For whatever reasons it is it may possibly due to the growing need for bitcoins. Many are joining the community and many online businesses have opened. Many exchangers and platforms have opened. But for me it doesn't really matter as long as the price keeps increasing I will enjoy it and I will ear more cash from selling my bitcoins.

We don't know yet the reason it happened, but we are happy with the increasing since the price has stable around 570 for a while. Just looking for the speculation about it, but didn't find out yet. I agree that it maybe related with new exchangers opened and adoption of bitcoin increase worldwide.

the same question arose in my mind but its nothing much surprising as bitcoin is known for such sudden increase or decrease in the price with no major reason. so we should just enjoy and dont waste our time thinking about why did the price rise so suddenly. btw, the only one reason i can think and want to share with you is maybe the price is increasing due to the halving effect. remember that day when all were saying that the effect of halving can be seen in a few months ? if it is true then we can see 700$ in a few months or sooner. getting very excited!

It's just an out of nothing increase. That's why I don't understand why certain people directly think the price will hit $700 again, or even a new ATH. These kind of increases mostly don't last very long. Looks like Bitfinex was the first to initiate the increase where then Chinese exchanges followed with a massive green candle.

5% of increase or decrease in a day for bitcoins no need of any big news because it is common in bitcoin trading. For you 30$ may be more, but when we look at 5% then it is not so big for bitcoins. Just someone might have brought more compared to sellers yesterday and which might have created demand for bitcoins and price went up. I don't know how long it may survive at that price.

I don't see a big difference than regular volatile.
Bitcoin's pretty much stabilized nowadays so its not even open to big manipulations.

I think its just a normal maybe there is group of traders or whales are planning to increase  the price and to attract people to buy bitcoins again and those whales will planning to sell when the price of bitcoin will increase more high after they increase the price in this level.

It seems normal movement and nothing serious thing at the moment. This is typical Bitcoin's style change in price with few dollars up and when goes down same much drops too. It can be a movement to draw the attention of investors by showing them some confidence in market. It is good in my opinion whatever the reason is behind this recent increase , really doesn't matter for me.

Why do rises always must have to do something with news?
We had been in a triangle and now close to the end of it the market decided to move up a bit.
Don't try to make things more complicated as they are.
It's simple buy and demand.Furthermore on the big timeframes the trend was/is bullish since last years' rise.
So what you felt as a bearish and stagnant sideways trend was/is probably only the correction/consolidation of this bullish trend.
Once again: it's just the market!!!

Bro Harvest is here) just enjoy))
Of course traders have their hands on the 25$ bump ;)
As for price and news making factor - No bad news is enough not to spoil the natural growth of BTC.
Many of miners and those who invested in BTC before Bitfinex crashed were waiting for a 600$ price.
And now back to school) and back to business!
The time is just right!

News doesn't drive the price upwards. The only impact that news has is negative. Any price movement is a more than welcome thing for traders as me. It means money making opportunities.

After-halving FOMO effect kicking in. Buckle up for the ATH.

there is nothing in the news that you can relate to the current price spike. but i don't think it's manipulation. it's probably due to a few large players is securing themselves a decent position in bitcoin before the price start to go up again. whatever the reason really is, it's a more than welcome bit of market action that we have been waiting for.

I agree with you . do not raise bitcoin hike news. This is a natural thing. bitcoin often do things like this.
bitcoin rise quickly and fall very quickly as well. bitcoin born to have stable prices.

I also don't know the real reason of the price increase of bitcoin. But I'm happy about it, because last two days ago I bought some bitcoin and I make enough profit for it. Maybe the reason of the increase is the demands of bitcoin.

I agree..if we are lucky..the price will creep up for these simple facts

1) Adoption...is growing ..even if modestly that would be great

because

2) mining has halved...thus 1/2 the dump of mined BTC into the exchanges


thus

3) law of supply and demand....if adoption grows and halving is 1/2 coins created and people are still stockpiling or keeping their hoard
    the price should rise....a little/modestly/lots/moon

imho it is all how btc is being adopted..in my view as a 'store of value' if you are in a country in the world with corrupt banks/gov't and it is a wise move
to keep gold under your house just in case.....btc is ideal for such as a virtual gold

anyway so my biased 'moon' logic goes

So for me I have 100 BTC from mining....I am looking at 4  things in some kinda plan for the coming year

1) paying off all my electric and equipment invested in such (about 25%) to knock it down to zero debt. Can probably pull it off before miners go doorstop

2) holding that 100 btc if it goes up or moon great

3) if it goes sideways due to adoption and grows from now on like a regular stock at say 5% or 10% I can deal with that too

4) it all goes to the bottom of the well...splat....beanie baby prices....well I'm out of debt

so the coming year that is the plan if 100 btc don't cut the cake another 25 btc by end of life of my knc titans is not gonna make a lot of difference compared to 0 debt imho :)

So far it is doing what I have expected it to do....sideways/up/sideways/up etc due to my 'suspected' adoption worldwide as a store of value

Of course it's manipulation. A system so fundamentally broken can't have a realistic value this extreme.
Considering the niche of people that really care about bitcoin as a system i don't think the value is above $30.

However, there is still a lot of blind faith and ignorance, which allows bitcoiners to sell their bags to the next fool with stories that one day they will be rich if they buy their bitcoin. This also produces a perfect environment for market manipulation by big players, which is exactly what's happening now.

Now we wait for the next big whale dump.

Handy that you didn't even have to start the thread but you still get to FUD all over Bitcoin right?

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@OP, this really isn't a big swing. I don't see where you're coming from. There doesn't have to be 'big news' in order for a what.. 5% swing? This is nothing. I've seen bank stocks swing more than this in any given day with no real reason.

even though the mining rewards have gone down with 50% in juli, there still is a constant selling pressure on the market. i think it's mainly due to the fact that the majority of the coins have already been mined, and thus are circulating constantly. may i ask what your daily rewards are with your current gear?

it's great to hear you have done great with mining as you are holding 100btc right now. the best is just to continue holding. that's exactly what i do. just to entertain myself i am also trading to keep myself bussy.

I think the rise in price due to this news Rapid Bitcoin Price Surge; Yuan Devaluation & Market Recovery (http://www.livebitcoinnews.com/rapid-bitcoin-price-surge-yuan-devaluation-market-recovery/)

That kwukduck never ever let such sweet moment pass without giving his optimistic point of view ;)
Anyway with the price between $604-613 things isn't so clear and sadly the risk of a dump is here...

so it's always because of chinese i see, last time it was dumped for their exchange okcoin, now they are the one behind the rise again lol, bitcoin is entirely in their hand

The problem is that the increase has happened in a few hours.
If it was really due to the growing need for bitcoins, the price increase should have happened over a few months, not in a few hours.

Don't know what is the real reason for this buy pressure overnight but we have to watch few more days to see if price get stabalized at this pumped region or not.

It is really unclear situation as there is no positive news or signal which pushed the price above $600. I also am just keep watching without reaching to any pre-mature conclusion. All game is in hands of whales whenever they want to get some profit give a direction to market upwards or downwards as they win in both ways. It may be manipulation but I will wait and see what happens next.

The bitfinex paying their users is not a hot news which can increase the bitcoin price, but I'm thinking who can manipulate the price.

Who has the power to affect the price so much (~$40). Maybe the traders came back from the holidays and started to trade bitcoin again.

Whenever I see a major price shift, I always look at what is happening in the two major economies --> America & China. I did not see anything out

of the ordinary from China, so I guess the push is coming from the USA. The political scene is very volatile at the moment, and I guess we are seeing

this happening as a direct result of the political instability in the USA.  ;D

Look at all the sig spammers scratching their noggins.  :D

I'll let u guise in on a secret... shhhhh.

There's a new #3 (flirting with #2) most powerful mining pool on the block... and they like big blocks. The market seems to like that.


https://blockchain.info/pools?timespan=4days
https://twitter.com/ViaBTC/status/771378443850092544
http://fintechist.com/worlds-sixth-largest-mining-pool-trialling-bitcoin-unlimited/
https://medium.com/@ViaBTC/battle-of-hash-rate-he-quitted-tencent-and-started-the-worlds-sixth-mining-pool-viabtc-a99601e919f5
https://twitter.com/ViaBTC/status/770897442376065025

 

Maybe that traders are getting some confidence back after the hack of Bitfinex which makes them start with buying again.

I prefer to stay conservative as we can see the price fall back down very easily again.

Some people getting back into the groove and investing more in Bitcoin, as said above, some pools are starting to dabble with the thought of a bigger block size, meaning that the market might be buying more because there might be some good changes in Bitcoin's future that can be incredibly beneficial in the long-term.

The largest volume  comes from XMR/BTC almost 30%, perhaps a part of this increase has relationship with Monero.

It does seem like price manipulation because now it is at $611 for no apparent reason. And it is strange for this too happen over the weekend when the markets are at a stand still. :-\

Nice points made in the Medium article. Thanks for sharing.

I think it's just optimism that triggered the mini rally. One or more large players start with buying, and others directly jump on board and start buying up the price to higher levels. Let's see how much steam there is left before making a dive to sub $600 prices again.

One big player triggering everyone else to buy is definitely one of the biggest things that cause rallies in today's market, however there might have been some news or something that most of us weren't paying attention to that make a lot of the market just decide to buy. I think that we won't necessarily see a quick dive to sub-$600 just because of the end of the rally, we might be lucky enough to see it stay above $600 for a week or so.

No manipulation, just a normal TA driven move.

It was expected that the Bitcoin's price will increase since a while right now, and it happened and the price rise for over 600$ now. I think it will increase more in the few coming weeks

everyone's loading up for the forking...

dont worry everything is going to be alright.

Was (pleasantly) surprised to see the price go past $600 again. I didn't check the prices over the weekend and just saw today that it has reached $600. I think the whole of August it stayed below that range. Is this a sign that we are going to reach for $700 again? If that is the case, I hope it does so in a slow and steady manner and keeps it that way for the rest of the year.

Like we said before, and confirmed, people was on vocation, and they slowly getting back in their sits. First I didn't understand that, but after watching price in that time last year, it's visible how price is going up after summer holidays.
Maybe that is the reason of this rise, maybe increased demand, what ever it is I hope we can hold this price over 600 and maybe even jump more before end of the September.

it is partly about bitfinex and also it is because not all rises are because of good news. it can be because every single investor was accumulating for the past weeks and now they want their reward.
besides we are only back on track nothing out of ordinary here.

bitcoin price up to 600 dollar every one bitcoin not manipulation
because after down next time will up
so is now trend up again not manipulation

For those who are saying that this is the block halving effect taking place , could they explain why ? I mean why now (after couple of months of the halving)

I dont think it is just manipulation it all depends about what the are doing with the coins you know and what i do know is that to many people are just holding their coins atleast spent some for more prise increases!

This is not manipulation because i know that there are allot of peopel dont exactly know that we already up to the 600 dollar each you know so dont be frustrated when we are not upto the 600.

Took about 3 months last time.

Basing the price increase of yesterday on increased demand is wrong as demand takes a very long time to show in the price.

If we from this point see the price go up all the way to next year, then increased demand might be the reason, but for now it's too early to say.

that does make sense,the devaluation makes people there gonna save their wealth in form of bitcoin or even trying to invest to the bitcoin until yuan got into the stable price,china have so many citizens so I think there's could many rich people who worried with their wealth due to devaluation,so bitcoin is quite a good choice

How much money do you need to spend if you want to manipulate the price like that ?

bitcoin price manipulation is not easy as altcoin price manipulation. it requires substantial funds, so I think this is pure and there is no manipulation.

It's not something impossible to do , If you check Huobi for example (the biggest exchange in the world AFAIK) https://coinmarketcap.com/exchanges/huobi/ with over +300 million dollar volume trade in the last 24 hours only ... you would know that It shouldn't be that hard for them , that volume is because of the fact that almost every big mining farm out there is on China.

Big mining farms who hold a lot of coins could definitely do some manipulation.
I'm not sure how much, but they could probably cause the price to move a few dollars in either direction, which give you a chance to make a lot of money if you have millions of dollars to play with.

$700-750 in the next few months would not surprise me.

Every price movement is some sort of manipulation. That's how markets work, and I think you know that. I'm of the opinion that we shouldn't be trying to explain every little market movement, whether it's stocks, commodities, bonds, or bitcoin.  Markets are going to move as they will, and we can just hope that our market moves upward.  Most explanations of these things are pure garbage anyway.

That's nonsense. I'm not a manipulator. When I buy something it's because I think the price is lower than it could be. When I sell something it's either because I think it will go down, or because I need the money. I have never tried to make the price go up or down, simply because I don't have the funds to do that, like most people.

It could be an intentional pump or just a natural rise in demand. It's really not a huge rise. We are going to see more drops and rises just like any other investment.

Likely some whales buying back into the crypto now that the value has recovered a bit, it doesn't surprise me to be honest and I was expecting something like this to happen at some point. I personally believe that a lot of the value went down because a whale or two got increasingly nervous about the hack and decided to play it safe and short the market, and now they're getting their money back plus a lot of money. It's just the way the market works, and if you start with a lot of money then you can easily make more (or potentially lose some).

Most of us really dont know what circumstances that bitcoin price increases  gradually on a matter of week i guess. It stabilize itself  on $570 mark  for several weeks  then suddenly goes up its price. We dont know what happen but  same as  others think that maybe  the  need of bitcoin is increasing and  the adoption matters with this price increase.

In actually, no clear reason why Bitcoin price has risen, but I was reading on coindesk today that this move came after several weeks of (range-bound trading), while the market was powering up, the writer of the article expected more rises.

Why not? Bitfinex hack was main reason we had that price crash in the first placa. So it seems only logical than market will react positively at every sign of them recovering.

And if we apply you logic, then most bitcoin price shifts is caused by 'pure manipulation' as speculation is the nature of the game with every crypto.

Ya it is true but when the bitfinex hack news came the crash was $150 difference if i am not wrong, and now when the news came of they are paying back , then the price should be around above $675+ but right now the price is only $632 so i think their is no connection between this news and the price increase.

As per my view it may be like some big players are started to buy so that may be the price increase rate.

No matter what reason on the price increase of bitcoin its still a good thing to us since we like it that the price increases which really give us good profits. Maybe those news that bitfinex pay their investors  somewhat affect on the price because  for sure those investors of that site bought bitcoin.

the price was supposed to come back at some point and now it is the time especially since all those good traders have sold their coins on top and bought back so much more at the bottom when the price took a hit now everybody is a lot more richer and watiting for the bigger rises.

I feel it is market manipulation and honestly I don't mind it. The bitfinex did draw the price too much back which in turn was not good since we had a nice stable price above 630 dollar.
Looking at the current price i think it will go back to that value again.

Yeah, it does not matter what caused the price hike right now. Those who bought bitcoin when it crashed after the hack can now rake in some profits. And if you are one of them, you are very happy. Unless you are greedy and still wants some more profit. And those receiving bitcoin from signature campaigns have more money when they receive their pay. It is a win for those who manipulated it (if it was manipulated) and for those bitcoin traders and salary earners.

I think it is a normal thing and I was not as manipulated. This is a pure price increase. however, would be different if bitcoin prices suddenly rose to $ 1,000 in a short time, because most likely it is manipulated. but if bitcoin prices climbed above $ 600, I think it is normal due to the increased use of bitcoin

i think you are not late . my one of friend ( big btc trader ) tols me that the price will reach to atleast $680/btc . his prediction is always goes rise . so i think you should buy se btc because at the current time price rate of btc is  about $621 .
i mean here is also a chance to get a better amount of profit .

No trader could actually predict the price on when it moves  to the desired goal price but still we could assume as of now that it would reach $680 since bitcoin is  gradually increasing as of now after  that its  being a little bit stabilize in previous weeks and now we are happy that bitcoin price is going up again.

The price that has gone above the $600 level has nothing to do with increased usage. It's part of the recovery after everything that happened with Bitfinex. Slowly the price will move forward to the price levels it was sitting on before Bitfinex got hacked. From there we will see whether or not the price will continue to go up.

the rise has started because of the increased using of bitcoin, there was a demand so the price could rise up in the first place. so that same demand is now still here and helping the rise back to the previous levels.

From what I know personally - there is a huge, or I should say enormous demand in BTC.

Dozens of invest funds with large capital, smaller investor groups as well as private investors choose Bitcoin for investment and are seeking all available offers. No exchanger can meet that demand bcs it would drop the exchange rate = effect the BTC price.

Now is the time when cryptocurrency and related industries are overtaking the financial world with BTC star in the very center of this trend :)
Fiat money from all over the world is flowing into BTC.
Can anyone imagine what amounts are we talking here about?

Besides, the miners revenue is now twice smaller then before halving.
This means less BTC is brought in overturn then in last years b4 halving.

I assume at this point either some BTC mined from earlier periods will be brought in overturn or we will see a big price raise very soon.
Traders will catch up with this trend for sure :D

We can see now at exchangers - the price is manipulated mostly for altcoins.
Some of them pop up like a mushrooms after a good rain :D
from 0 to 10$ heros :) now there are already few of them with good trading history ;)
very soon there will be dozens of them ;)
exception is the LTC that is too cheap) with its nearly 4$) I am pretty sure it will pop up to 100 in a year  :D

In just commonsense on the law of supply and demand. Bitcoins  increasing price  because of  the demand is high which  supplies are being  decreased thats why the price increases gradually. This  increase would somehow maintain if  bitcoins adoption would  progress also and many would  intend to buy more bitcoin.

I want the Bitcoin price to reach $1000 soon, I thought that it was going to happen the last the Bitcoin was rising but it only made it to $800.
Next I time I am sure that it is going to reach $1000.

Don't worry bro, As we see many speculations It's just stating that bitcoin price will upto 1000$ this December month and stability we can't say that. Future halving will big price and almost bitcoin will become the one of the best around the world tht time.

If the cost of the casual miner is around $600 then i think the price is fair.  The pro miners will always have to make profit.  I say we sit here until there is a reason to go up.

Isn't that the same thing everyone was saying before the halving block reward of July 2016 happens ? and as you can see , nothing really happened to the price . So yeah , I'm not sure what would change in the upcoming halving .
Miners should be the one who control the price as they are the one generating Bitcoins , I assume they are satisfied with the current earnings.

the big miners always steal to the casual miner by adding more units, and do war between themselves, you can't play with them they are too far ahead with their hashpower

For now there still no sign that the price of bitcoin will increase more and hit the 1k value. .this is a long time ago that we are still not experience 1k value like past 2013 people who live and holding a lots of bitcoin there are lucky that they already know about bitcoin in that time.

Two months ago it was $400 and now its $650; sure there are drops but there are not really that huge.

Two months ago the price was 650, and now it is 611.
So now after the hack the price has recoped quite a lot. We just need 40 dollar and we got a price we can embrace; both bulls as bears.

Are gold mines in control of gold price ? I don't think so.

No one really knows why. Some will say that it was because Bitcoin's volatile nature, others would cite political or economic reasons, then some would base it on recent events. Most of you have followed Bitcoin long enough to know that none of the reasons said is the exact reason why Bitcoin moves the way it does. So saying that you think it was caused by "pure manipulation" could be true or not true just like all the other reasons.

I don't think the current price is the result of manipulation might look like it but we have to think the current price is the most fair for the miners cover the cost of electricity.

It is steadily rising so I don't think it has anything to do with price manipulation.
If it was spiking upwards then I would think it could be.
But as far as it is now no.

This is not manipulation this is because alot of people are buying into bitcoin hence the price increase. But it dropped already because alot of people panic sell trying to grab the littlest profit that they can which is dumb because we are going to be set back again because of this.

wealthy traders don't care about miners when they pump or dump bitcoin. all they care about are their profits. the price right now is just recovering from the bitfinex dump. just before the dump started the price was around the $650 price level. so were on the right way now.

I am not sure it is all about people buying bitcoins. For some reason I am certain some whales try to get the price as high as they can.
Probably the miners since when the prices goes down too much they may well close their shop and lose millions.

Or maybe the community is gaining more confidence in bitcoin :o

What did you think, bitcoin will stay at $570 for the rest of the year? I remember at the start of the year bitcoin jumped from 500-600 in mere days.

I do not think its a manipulation, its just that we need some time to go more up, right now we will stay around this number and go higher in about a few months.
I really have faith in the bitcoin and it has a good future so keep patient people.

yes i am  also agree with you, i also think that the price of bitcoin is really not the effect of manipulation because it is not so easy to manipulate the price of bitcoin, because it is not a legal currency, it is really a universal currency, i will like to say that the price of bitcoin was effected by the bitfinex hacking and now the price is going to recover its previous position..

You can say it's 'partly' manipulated. We all know people/organizations who have stashes that when disposed off in chunks could destabilize our economy.

But yeah, that aside, I kinda have a feel that this level is natural too.

Yes I don't agree that is manipulation of Bitcoin price because im researching about bitcoin that bitcoin have more buyers than sellers now so I consider this why Bitcoin price increase.

I heard some pros saying that bitcoin hit $1200 in the past because it was manipulated  by MT.Gox , back then there wasn't any big exchanges and it was pretty easy to be manipulated. In the present scenario, it will be a lot harder to manipulate the bitcoin price so we can rule out "pure" manipulation. Having been said that,  bitcoin does have some element of manipulation in it, but I cannot say how much it is. Look at something that has no inherent underlying value or anything to back it up, it's value is purely based on demand and supply and both demand and supply can be manipulated.

For me its not a manipulation because all of us bitcoin holders does affect it especially to those  huge amount holders. Price does depends on the supply and demand. I dont think theres a manipulation which someone could able to control it. If it does then  bitcoin is not decentralized at all.

I dont think it is just manipulation because you can do allot of things with 600 dollar and the bitcoin price is always around the 600 dollar and now even moire than 600 that is great dont you think so?

Well, I don't know is it a manipulation or not. But for the last time, i think it's a manipulation, because the price only rising for a short time than go back to normal under $600 again.

and why what you said should remove the fact that this can't be manipulated? the price is indeed manipulated when you see always the same pattern in the pump and dump, i think the price is more genuine when there is a dump due to bad news lol than anything else

bitcoin rising back to 600 plus usd  is not pure manipulation.  It maybe because of bitfinex rising up again due to the recent hack and refunding their users, in my opinion it is  a plus in bitcoin economy.  Another reason is that bitcoin is in a stage of price correction where bitcoin price is moving towards it real value at the current stage.

bitfinex stability after the hack is the main reason for bitcoin going over 600$

there where prolly more updates as new bitcoin wallet, and also the summer is at the end most ppl next cash they earn gona invest back in bitcoin after the summer, only insane will try to short now :)

If this is not pure manipulation then I don't know what it is , how do you guys explain decreasing back to 599$ in a few hours ?
I'm sure It has nothing to do with Bitfinex as that exchange is pretty much dead for what comes to the trading volume (compared to the old trading volume they had), everyone switched to Poloniex => https://coinmarketcap.com/exchanges/volume/24-hour/

Yes it seem pure manipulation from whales to dump their own coins to create panic in market so that they can grab even more bitcoin in cheaper price than they have sold. But when they will collect enough coins price may get pumped again even higher than $620.

Your guess works are smarter, but practically to dump a 10 billion market is highly hard for individuals. Maybe you are true if the whales are forming a group but the group of people will not have same intention to dump bitcoin as many bitcoiners do love bitcoin system emotionally, I have seen that in real time.

Its indeed no manipulation some people are just trying some theories but its just all bullshit if you are asking me.

yes, I think that the increase in pure, bitcoin prices rose to $ 600. because rising slowly. I feel that the price of bitcoin could be more than that if no hackers who hack into one trading sites. bitcoin prices may be higher because of halving

It is, but i don't think the rising of bitcoin to $600 is pure manipulation. Because the price of bitcoin is stable for around 1 month, and i'm sure it's pure not manipulation.

I believe  the same thing too that there no manipulation involved here those are  just some nonsense  theories, Bitcoins price does normally moves it price up and down because of circumstances that is happening  in bitcoin  ecosystem. Just  like on what we  saw on bitfinex hack it did decrease  bitcoins price because  those  hacked bitcoins are being sold on cheap price  then  after that  incident  price of  bitcoins  start to rise up gradually because people  do  purchase  bitcoin in cheaper price.

Because of what happen on the exchange website that was hacked bitfinex was hacked and their customers are angry for what happend on that exchange website i think thousand of users are they lost their bitcoin on that site thats the main reason why the price of bitcoin decrease that fast

bitcoin price 600 dollar every one bitcoin not manipulation
bitcoin price is stable price in 600 dollar
is now up down only 600 dollar not wave big down or not wave big up

even if it was true there is a manipulation , hard to prove it ,
and also they cannot doing this manipulation continuously ,
all i believe in current bitcoin market are there is a possibility to be manipulated ,
it is fine as long as everyone happy? noone have disadvantage here?

exactly once, the current bitcoin price movements are very stable. almost no meaningful change.
there is not even a significant increase and decrease. prices range between 600 USD.

There is a lot less fluctuation at the moment so it seems to me that the price is getting some stability at last. Altough with bitcoin you never know for use, it may well get a major crash or major spike of a sudden event. So yes you are never certain.

less fluctuation? the opposite already happened and the price were few dollars under 600 USD when i last time checked it yesterday, returning to + 600 USD today was a good news, was afraid to see it crushing...

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that  :)

Sure, we can see a panic starting when we move towards one of the bands of the channel we currently sit in. I guess that is also the natural reaction of weak hands, not used to Bitcoin volatility. But, as I said, fundamentally we do not have any important reasons to support either up or down direction.

Not everyone is using bollinger bands as an indicator.I guess this is what you are talking about.
There are several other methods of how to read and predict a future chart movement.
In the end it is always the same. Price breaks certain support level, fear kicks in and people start to sell, depending on their strategy.
Or price breaks certain resistence, FOMO kicks in and people start to buy.

Yep, we agree that No matter which TA tool you use, or even if you don't use any, the volatility is the biggest challenge for any Bitcoin trader. And some weak hands are not able to deal with that.

In the first place, those trading chart tools or indicators are used only as reference purposes to make a good output of what will be their next trading move.

After analyzing all factors around the current trend based on their references, then expect a trading moves execution later on.

I don't think we have to say the recent price pump as manipulation. Price was down for several days after that bitfinex got hacked so people hurriedly bought cheap bitcoins so that price is now near $600. Price swing (pump or dump) of around $25 is possible and quite normal within one day.

people like to have a fantasy about why and what causes the price to go up. in most cases when the price goes up a few bucks, people stay relatively calm, but when the price goes down a few bucks, then people seem to panic and start asking what happened and stuff.

price still fluctuating and most of us really happy seeing that it is moving up again after halving and bitfinex issue the price went down and keeps surviving to 600$ we just needed to keep on eye with the flow and make good position to have some earninings if this will be cause by some manipulation it still good profits.

Were back to ~$600ish, after a stint at $590. Honestly, I think this level is the new baseline, and would be such until a huge news breaks out again - which hopefully is not a hack of a large exchange again.

Well for me its a normal that we are are seeing that the price will crash from bitfinex scandal its just like last year that there is other exchange also hack and affects the value of bitcoins.. but now we are seeing good thing that the price of bitcoin is increase high compare last year..

The price rise since november last years was one big manipulation game. This is as clear as can be. Question is when will they stop. Is the current price enough and will they endure a downwars trend to 500 dollar or are they planning a new boost this year?

Probably, we will stay flat for a longer while. At the moment, there is nothing in fundamentally to move the charts either up or down significantly. Just the regular 10% fluctuation, typical for Bitcoin in the horizontal trend. A bit more of the boring stories, yet once again. Next break? I don't see the direction at the moment, let's see what plays out.

You are right its the question what will happen and I think it will got a to  lower amount very soon but nothing is sure right now so that is the downside.
I think the bitcoin got a very good future a head but we will see what is gonna happen with it.

i do not think so that in present time when the price of bitcoin is trading above 600$ is purely manipulating, i think it is the original price of bitcoin and i think still is trading in a low price, its price must be trading above 700$ in next few days.

What makes you think so?
Bitcoin price is exclusively driven by manipulation, just take a look at the charts so far.
There is nothing like original price. It is just a temporary equilibrium between pumps and dumps. There is too much speculation and still too little in terms of adoption to make the price more stable.

I dont think it is pure manipulation because i know for sure that the price is rising to the 600 because we can al see it and if you dont see it you need to do something about it.

What you say doesn't make any sense...

You say that the price isn't being manipulated because you know that the price is increasing, and that all other people also see that it is increasing.

But what's your logic behind that? I don't see you explaining why you don't think the price is manipulated upwards.

hahaha. he just based on the graph of the price increased of bitcoin and that makes him believe that price of bitcoin is not manipulated.
AFAIK, price of bitcoin can be manipulated if some whales holds a huge of volume btc.And buy bitcoins for short period of time considering that there is no user will going to dump the price.
 Because it's price is based on the volume that being staked on market.

I dont think it is just pure manupulation because i know that the price of the bitcoin is circling aroung the 600 dollar for allong time and that is not what it supposed to be because we want a price rise not fall.

If three months can be called a long time then you are probably right. People tend to think in an extremely short time scale in Bitcoin, as they were all day trading.

It was a big manipulation but I think that this price will stand strong and that it will go up from now on to be honest.
Of course we cannot predict this but there is a big chance it will.

any price rise an price fall has some amount of manipulation in it without an exception. but the amount of manipulation is no longer "big" as you may thing because the time has changed a lot since the time of MtGox and big manipulations.

also as a proof you can see that price is still staying where it should which shows little amount of manipulations as manipulations tends to break down eventually and price would have fell already!

Why do all people think that bitcoin rising is always manipulation because they are finally going to sell any coins the greedy holders and maybe that is why the price if going up and up right now?

Off course that is pure manipulation because i know for sure that allot of bitcoin users are not paying attention at how they are dealing with the bitcoin not selling any coin.

I don't think prices were manipulated to reach 600 I think just alot more people started buying in and then prices reached 620 then people panic sold and wanted profit to prices went back to 590-600.
If people stop panic selling then we can actually keep increasing in price.

That is correct. 10% jumps either up or down are normal Bitcoin behaviour, and are typical for such a volatile asset. Current price level is around $600 and thus one should allow $50-60 each way without deeper analysing what happened. Once we go outside of these bands, then we may look at it more carefully and think whether it is yet another pump (or dump) and so on.

I don't think so, and this is just little price up or shall we say rally and i think also this is just a normal happening on bitcoin since the progress is slow and turn stable, but if we see the price kick quickly up i think those scenario we can really think that price is manipulated, but at this moment i believe this one is just normal bitcoins characteristics movement, and i am not surprise for these happening.

Yes it was a manipulation, but the price will not get manipulated anymore, I think that the price is gonna go to a higher amount than the actual 600 dollar right now.

how can you say it was manipulation?

if it were manipulation it could never last long. as we have seen in past with bitcoin price when it was manipulated to $1200 and also as we see everyday in altcoin markets the manipulated price never lasts long because the manipulators cash out.

but a real rise lasts because there is demand that has helped the rise.

yes, I agree with you. it is still possible for the price to rise even higher. I hope that the price of bitcoin is not manipulated. some people say bitcoin prices according to market demand.

I agree on this, if you study the trades, if this thing is a manipulation, after some day bitcoin price will start to decline but instead, it push the price higher then some mild fluctuation and stay in that for several days.  I think this i s the correct or  actual value of bitcoin at this stage.  Correction does it and now  it is ready for another increase in price.

i agree with your opinion on a coin that can not last long if it has been manipulated but to the issue the price of bitcoin up to $ 1,200 it all happened not because of manipulation but people at that time thought that the pump will continue.

If people though it would go higher, it was because of manipulation.
These things are like self-fulfilling prophecies.
The price gets manipulated and then innocent people get sucked in.

Actually everything in the bitcoin price is based on mere speculation, and speculation is an elegant way to talk about manipulation. Because of the relativity of its alleged intrinsic value, it is really difficult to define what should be the real value of bitcoin.

I think it's not manipulation. Because, if the price of bitcoin at $600 is pure manipulation, the price will decrease soon. But it's not decrease and the price of bitcoin become stable at $600 price.

I dont think it was just manipulation because allot of people known tat the price of the bitcoin was 600 dollar and for now still 600 dollar so dont think it is juse manipulatin becuase it is not.

The Bitcoin needs to rise again if you ask me and it needs to rise higher because I want to make some money again and I am losing my patient.
I hope that the price can still rise again in 2016.

I also do not think it was manipulation but the strange thing was there was not happening a lot in that time period.
I really doubt about it, it could be a manipulation but I do not think it is.

but to me it is the origionla price of bitcoin and nothing else. i think it is not so easy to manipulate the price of bitcoin as bitcoin is a universal currency and is so difficult to manipulate the price of bitcoin so easily, i think the price of bitcoin should be more high than the present price may be trading above 1000 USD in next few days.

I believe bitcoin rising up to this point hasn't been any manipulation. To manipulate the bitcoin prices you need a lot of money.
Maybe if you would be a multi millionaire you could change the prices around but not just for any regular people like us.

I don't think this is what happened and if it did then they failed cause bitcoin didn't really get any lower than it's point before the "dump".
Right now prices are quite stable for almost a month already with minor 3% up and down changes which balances out eventually.

That demand seems quite gone now because prices have been hovering the same amount for the last month now.
I hope demand will go up soon again and people will start buying so we can have a increased value per coin I invested alot.

Bitcoin rising to 600 dollar i dont think that is right becuase the bitcoin already is around the 600 dollar for a view weeks and that wont change and that is such a sad thing.

Rising to 600$ might be manipulation from a big pump or it could just be coincidence we couldn't really know for sure.
But I think that if it was a temporary pump then we would have seen the prices go down a lot more already which didn't happen though.

It could be an exchange bidding the price up or some whale buying a fortune of bitcoins. We can only see a small part of the bigger picture of what is going on in the Bitcoin world, and you may never learn the true causes of some events, be they deliberately hidden or just not making it into the news. I, for one, wouldn't even try to logically explain every price move, it doesn't seem to be worth it.

Market manipulation doesn't always require money. There are other options too.

I would disagree, if we are talking about  market it involves money and   money would need to  move its price theres nothing more. I wanna know what options are you talking about because  i cant think  of anything that could  able to manipulate bitcoin price.

so far I know that bitcoin prices rose by pure without manipulation. Well, the rise in the price manipulation is very different to those not subject to manipulation. bitcoin prices will rise very quickly in a short time without any obvious trigger. but if the price increase occurs slowly, most likely bitcoin prices go up without being manipulated by anyone

Price manipulation is not always directed toward moving the price in either direction. Manipulators may also have the intention of keeping the price at a certain level for some time. And when they stop affecting the price with this purpose in mind, it will start moving swiftly up or down exactly because there is no more manipulation. For that reason, it is not always possible to say whether the quick rise or fall of the price is due to manipulation or lack of it.

yes i am also agree with you that that increase in price is real increase and there is no manipulating at all, i think it is not so easy to manipulate the price of bitcoin because bitcoin is a universal currency and no one can so easily manipulate the price of bitcoin.

You are right but I also think that its not something can be done easily, most likely its not manipulated but its also maybe look like it is.
I think its just that it looks like that but that its not the thing at all.

I don't believe bitcoin rose to 600$ from pure manipulation. I do think there was a big demand spike which caused this.
It jumped very quick from 570 to 620 but after that it seemed to decline again which is a sad trend with bitcoin.

How was it manipulated though? Just by pumping in alot of fiat to buy bitcoin or what cause I wouldn't know why that would be worth it.
Bitcoin stopped rising already in a steady pace and is looking pretty stable at the moment.

You can think whatever you want of course but I think that the bitcoin is gonna go to a higher amount soon or later.
600 dollar was maybe a manipulation but the other prices will be not..

I don't know if it was manipulation or not but it was for sure not purely because of that because if you want to raise bitcoin 50$ then you need a very big capital to manipulate the prices that much and I don't think this is what happened but correct me if I am wrong of course.

It's not very much, only a couple of thousand dollars. Any whale or earlybird could have that kind of money. The current bitcoin market is a plaything for them.

Yup obviously price will increase in future because it has good potential when compare with any stock in the world. I think the near future on next halving it will reach more than 2000$ in the market. Just wait and hope for the best.

I think we should just watch carefully on the price movements, trying to calculate/guess what movement is a fundamental trend, what movement is noise/volatility and hyping.