Bitcoin Forum

farewell cheap bitcoin  8)

Summary of what happened:
https://i.imgur.com/MUTsird.jpg



i randomly opened bitcoinwisdom to see what is happening and saw this:

https://i.imgur.com/EmZ8zFQ.jpg


edit: then made this topic to gloat and my beloved bitcoin and when i was done typing i saw this:

https://i.imgur.com/GgTeB0E.jpg


bitfinex vol: 6600BTC
bitstamp Vol: 4800BTC

and rising (right now it is at $1276)

SEC decision leak?

Triggered a massive sell-off by the looks of it. Looks like it's getting there again though.

Back to 1250 now.  Pretty sure the whole thing took less than 15 minutes.  ;D

Wow! Seriously, I was about to shut down my notebook to head out, but now I am not going anywhere. :D Bitfinex went to $1336 and then directly to $1069 LOL! It's either someone that made a mistake, or this is pure manipulation, or this is the beginning of another rush.

Most likely there has been positive news on the ETF (I didn't see any, but I'm not following the news closely). Anyway, the short fall after the initial rise was probably from people who thought that this was a fluke and their last chance to sell their BTC for a decent price. How stupid of them  :)

Onkel Paul

Possibly a pump and dump manipulation based on "expected" news.

wow wow wtf is going on??!

man was it a sight to  see , the greene dildo building up  150 USD price increase in 3 min. Imagine what will happen when ETF is approved.


Some one might correct me on this, but  according to the Securities Exchange Act of 1934   if no answer from SEC before the deadline means approval by default.

Correct, however the technical deadline is Monday, March 13th (due to Federal Register rules). That said, I also read that the SEC will be handing out the decision today.

Wtf is happening with the price ??? ??? ???

If that is the case, ie news leak before the announcement, should that be a kind of inside trading?

dont think its the ETF

China apparently set out a list of rules. I'm still looking for it ....

Here is one piece: PBoC’s Governor：Highly encourages Blockchain innovation but risks should be considered
http://news.8btc.com/pbocs-governor%EF%BC%9Ahighly-encourages-blockchain-innovation-but-risks-should-be-considered

Seriously ? what just happened? i searched all the forum and all the main bitcoin news  websites. NO information at all anywhere?

any news? not rumors i mean. do we have real news?

No news but maybe talks about ETF being approved by default today have started  the buys at higher price. We also have Federal Reserve wanting to raise interest rates next week and that can also be a factor

You got me blind on that Federal Reserve interest rates thing. What this have to do with Bitcoin? Is somehow connected??

Wha?!
Something major is happening now. Cause I see it on exchanges for $1245 then now it is on bitstamp for $1271.
It is all over the map. So has the news of Etf come early or something to cause all this $40-100 difference in mere minutes?

I think it is live here: https://www.sec.gov/video/live/2373689294677-evidence-summit-031017.htm

I think we are going to have the result in LIVE!!! as soon as we have yes or no enjoy the battle!!!

o nice!   its so great to be a part of a monatary system that only goes up long term :)

We really are/going to be the new wealthy elite gentlemen! 

And to think how many people still think "BTC is a scam" haha.  For me its even more exciting as its 1700+ per coin in my dollars :D
The EFT will pass, either by default or not, i believe!

Why would someone pump the price up but then dump down below what the price originally was, makes no sense, that whale cost themselves hundreds of K.

this is the most crazy, maybe the bots just triggered and got crazy and that lead us to the dump?
this live is going ta last for hours...we need wait for result ..

EDIT  this link: https://www.sec.gov/video/live/2373689294677-evidence-summit-031017.htm
Seems to have no relationship with what we wait for,,,,,
Since at the PDF bellow writes:
AGENCY:
 Secu
rities  and  Exchange  Commission.
ACTION:
  Notice of conference.
SUMMARY:
  The  Securities  and  Exchange  Commission’s  Office of the Investor Advocate will  host  a  
public  conference, characterized as an “Evidence  Summit,”  to discuss,  among other
things,  potential  strategies  for  enhancing  retail  investors’  unders
tanding  of key investment characteristics such as fees, risks,  returns, and conflicts  of interest
.  An objective  of the conference is to marshal research from the fields  of economics  and cognitive  sciences to help
inform ways of thinking about  investor  behavior   and  identify  areas for possible future  research to be  conducted  under  the  auspices  of  
an investor research initiative   led  by  the Commission’s Office of the Investor Advocate.

probably whale just raised price and it triggered some huge sell orders then this huge sell orders triggered some fall orders so more sells then average buyers started to buy sell manually and it become stable.

Yes, many big whales are playing games with small whales, it is somewhat good to increase the bitcoin price. Because many people are waiting for it, but right now it can't stable at that price because due to ETF decision make one of the speculation arises in people's mind.

News will be on Monday. It is just speculation I think price for BTC will raise til Monday. On Monday will no matter what will get decided price corrected to normal value.

According to Ryan Clastelica the decision will be announce TODAY
You can read yourself here, some questions you may have can be answered also on comments, why not? let's just wait :)
https://twitter.com/RyanVlastelica/status/840217251223556096

I heard the deadline is today.

"from 1200 to 1350 took only 4 minutes and still rising" , really interesting but..

..also downed for the same price range within a minutes so just the same with just a bit much revamp. What's exciting here is the possible trend that ETF approval will bring.

Is it a $200+ price increase or $200+price decrease in just a minutes?

it is happening all because of ETF decision and thats the price of bitcoins is going expontential and it would tend to go on until and unless they give a decision on this as soon as possible.

My god i didn't notice that we whit the $1,300 plus few hours ago.. Looks like we are still alive and rising. I thought that they are approve the ETF but looks like its still not done yet. hope that it can push the price more if they approve ETF.

The answer is NO...  Amazing bounce back as we speak at 1050 euro!
i can't believe! now we can leave ETF behind us and move on? look like this is happening....OR second dumb will follow and will be more hard? lets see!

Better prepare for a second dump... PARACHUTES  :o

its just few minutes that we hit at $1300  :o we already touch in new level but after that minutes falling down again.. since etf still not approve i think the price will stay in this level and not above $1300 value..
Its obviou that many people are buying more bitcoin because they know if tETF approved the price of bitcoin can increase more high. .

Well i don't know if i can agree with your thinking.. i will agree more with HanvanBitcoin we must be prepared for Parachutes...

I tend to believe we will have a second massive dump following the 1st one. Situation only stopped for a while because people can't login to exchanges ... this was like the kiss of life to stop for a while this dump... this bounce is not very strong i have to say, the dump was about 9000 coins on Kraken and the bounce about 1000....

what'st about youre title thread bitcoin price incraese to 1350 only 4 minute
bitcoin price down and crash not incraese after SEC rejected bitcoin

The title is about OP's excitement and being happy seeing Bitcoin rising to $1350 in just 4 minutes before the SEC decision on ETF.  Now that SEC rejected ETF, price is crashing.  There will be lots of BTC sells now that the other part of the world is awake :) Expect less than $1k  BTC for the next days.  But I am sure it will recover soon after ETF disapproval effect is gone.

Still this sitution seems more like an excuse to dump than the real reason. It is like traders wanted to sell and waited for the best opportunity.
ETF approval odds were said to be less than 25% we shouldn't be disappointed by SEC's decision.
I just hope this drop will help price to consolidate price and we move forward from there. Wait it out, guys.

well we can expect that the price of bitcoins may go down for a while ,but if still go on and wait , there will be price hike in the future and people will go on accepting bitcoins.

it was only being like that, i mean there is no real reason for them to dump just because it was rejected, i bet my ass that many traders don't even care about the EFT, only few would trade there

therefore they just ride the bad news to cause panic dump and buy chep coins, still we are above $1k, $1200-1300 was never stable anyway went to fast there

With ETF not approved still price recovers after fall and it will continue to do so. Only it will not be fast as yesterday rise but it will be slow and steady it should be like this from start and not to give hope for some. Expecting to see price over 1300 till next month if we continue with this we can see this price again soon.

I really hope you are right. I also wanna see bitcoins price reach 1300 til next month but it might not happen if there will be a really bad news that will happen in the next few weeks. I think that the price would be stable to these price ranges and might be dormant and not volatile at all if it will be volatile it would only move between ranges 1050-1200$ not more not less than that.

what crash? you mean the manipulation when there was a dump and then it started a rippling effect of all the weak hands panic and start selling their coins and running away with their asses on fire and lots of loss. you mean this followed by whales again buying the very cheap coins they saw on the market at the bottom and price coming back up? and you mean the crash when the same weak hands will start buying back again when price started going back up again in very short while? you mean the same story that has been happening over and over each month?

then yeah i agree there is such a crash.

That's only temporarily to be happen and only those weak hands truly do that but if you truly analyze the whole situation you can still see that bitcoins price is rising and still playing at highest price at this point, I can't call it crashing not unless if I see the price will dump at 300$ but its impossible to be happen for now since adoption is great and bitcoin is the strongest crypto with great supporters in this Era.