Bitcoin Forum

BTC jump From $17400 to $19300. Almost $2000 a day. Too crazy to catch it.
Is it a work of the Wall Street? Any correction expected?

its all on trading volumes https://data.bitcoinity.org/markets/price_volume/30d/USD?t=lb&vu=curr

No, it is just FOMO, no one wants to stay out from this incredible opportunity to earn easy money, that is why "everybody" is trying to join as fast as they can.


And the CME futures are coming by monday, that is why there is + volume than usual.

But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)

Probably this is caused due to the amount of people using bitcoins for transactions, more holders and traders.
The current hype is amazing.

Not so crazy... it's just a little more than 10%. BTC has done 20% move in one day before..... as the nominal value of BTC becomes larger, the absolute dollar movement will be bigger too.

Yup, this is essentially the same reason I've seen people follow for the past few weeks as well. I live in a pretty populous area, and the buzz has been going crazy just about the bitcoin rises. People are trying to hop on the train asap. This creates demand for the coin, which drives the price up as people are willing to pay higher and higher amounts for the coin itself. Now, this is leading into a bubble, and we may see another little burst, but it seems like for the most part that bitcoin is always able to get back on its feet very quickly. This will probably start being tested soon.

The price is only going up because of the next futures, nothing more.

There is a lot of volume on the whole market because of this, everybody is moving their alt's money to bitcoin to make more profit than before, they do not want to miss the train.

This is a simple explain of why it has been going up, but seriously, 2000 dollars in a day is insane.

I guess the correction will happen after the NY.
Take into account that there is an example of CBOE futures launch on 10th December, when Bitcoin made one of the largest growth in % in 5 minutes time, I think the same will happen upon CME launch. I have a quick video proving my point, would be glad to hear your feedback:
https://www.youtube.com/watch?v=JsR9N-TDBWM

The simple explanation because people who use bitcoin nowdays grow very high more than we think.
It makes bitcoin climb very fast in a day. And after climb correction is undenable.

Like @eth9888 was pointing out, I think a lot of the time people overreact to the rise in Bitcoin price by looking at the absolute increase, instead of the percentage.

Both ETH and LTC have had dramatic increases in price recently, but there wasn't so much hype partly because it made the difference between say $500 and $700, which seems less impressive than $15,000 to $17,000.

As a percentage though, the recent price activity for Bitcoin hasn't been so unusual.

So the bubble has burst and is being blown up again.
bitcoin has gone from the FUD rusulting in the fall last week to the FOMO helping the price rise.
bitcoins price is almost up to the price it was at last week.

The rate of increase is indeed alarming, I hope this is not a bad phenomenon. Many people want BTC to rise rapidly while worrying about the negative effects of the rise. I am not a person who knows BTC very well, but I still have confidence in it and I hope it will get better and better!

This is the time when in our trust in btc will be tested because of this sudden increase value of btc in such a short period of time. Many are afraid because of this thing called bubble. Many people also are now in a state of decision whether to sell or hold their btc but if I where to decide I will still hold btc because I know this is not yet the real value.

Well it's a crazy too to some alts skyrocketed high like bitcoin just like DigiBytes (DGB) it went out to almost a 120% increase in just 4 hours in this day. I don't know how could it last long for it's hype bit I guess it would be over. What I am waiting this time is LTC, DASH, XRP, XMR and ETH to light up on its price. If ever Bitcoin slow down its surge then altcoins will be in the run too, so don't miss this rally and buy some dip right now.

I guess I will see you on the moon.

A common day for me.
I sell some Bitcoin.
I ll keep some.

I like it

I would expect a correction at any point. We just rose over 10% in one day so a 30% dip is most likely just around the corner. I hope it's not, but it's usually the case when you keep seeing so many huge rises.

Some investors are already have a mind set that they will only pour their investment in bitcoin because they fully trust the yield and efficiency outcome until now that inspite of many bombardment and attacks against bitcoin to full it down the result are all failures that instead the price boom high in which it attracts more investors as the result.

i sold at 17950  :(

Yeah the reason is that CME is listing bitcoin futures today? Markets are highly volatile and this is not the first time that the price has increased more than 2000$ in a day. Get used to it, people are starting to get familiar with bitcoin and hence that should clearly explain everything. Economically I don't know exactly how is it going to work out but let's just go with the flow right now and not worry much.

if you ever had time, go check the bitcoin charts. on there you can visibly see that a rise like this which is only a 10% rise is the most common thing in bitcoin world. it has always been like this:
-  price goes up fast and big sometimes 10% per day some times more
- then it reaches the end of the rally where price is a lot higher than when it started at
- it stops and has a little drop, maybe a tiny rise afterwards
- then the  correction starts, where price comes down about 10% and sometimes if the rally was big it can drop more like 30% tops
- and then a tiny recovery where price gains back a portion of what it lost
- consolidation where price becomes nearly stable. this can take a day or two or up to a month with bitcoin
- then rise again and the same thing repeats.

Your prediction is right, ltc, dash, xrp, xmr and eth all going up with good profit.
They follow the crazy move from bitcoin. Bitcoin crazy because the bitcoiners make crazy decision too to buy bitcoin in high price.

No one is crazy here to buy bitcoins at high price. We are buying it at this price because we all believe that bitcoin will reach more high in the future and it will make new records. Every other day bitcoin climbs by 100 to 200$ and this is all happening because people are crazy about bitcoins and they want to collect it as much as they can.

As a result of CME and CBOE entering bitcoin market by launching bitcoin futures,lots of institutional investors have started to invest in bitcoin which has increased its demand.Already with CBOE listing bitcoin futures,bitcoin price increased and now with CME listing bitcoin futures on 18th,most of the investors predict bitcoin price to increase more and they just don't want to miss the opportunity.So,bitcoin price increased dramatically and it would increase more until tomorrow.

I hope that will be sort of correction. At least 2-3k Usd back. Incredible growth, and big problem for altcoins IMXO

Absolutely, people buy bitcoins nowadays due to the hype craze going on and the pump moving so fast which can lead us to earn some profits if we buy even at this current rate. And the pumping will continue since there so many upcoming good news come with bitcoins wich can bring more hype and demands, And people really crazy thinking on how they can grab some and I truly sure that the attention are now centered with the bits.

The CME somehow affect the price today as many anticipated its opening for the future of bitcoin and with this coming days we shouldn't be surprise if we reach new ATH again.
While many thinks that this will be just another bubble and soon to burst out any time and they're like panicking again and spreading some fuds so they can make fuzz in the community.

I think all of Bitcoin's current price movements are crazy, we can see that price movements that happen every time are beyond expectations. Unexpected and very rapidly changing price movements become commonplace. Bitcoin has changed the economic system becomes more difficult to predict, but for anyone who can use it well then it will make a lot of money,

I don't think there is any work of wall street involved in this. The people would have sold the Altcoins now as the major Altcoins which were rising recently have all gone down in price which means that the people are selling out and buying BTC since the price is going up. The money flow is outwards from altcoins and inwards in BTC. There might be a little correction in Bitcoin's price after it crosses $20k as many traders are waiting for this target to be achieved. So it might be a selling point for some traders. Obviously the wise ones will hold as the probability for further rising is more.

I think because now many people are using bitcoin and many people start to buy bitcoin because they see the fast growth of the value that is demand are rising and the value are continue rising. I think also now traders do some cash to bitcoin trading due to quick fluctuates of bitcoin value they took advantage of that to make money.

Tomorrow will be the next record at the price of BTC or the BTC will jump down!

I think it is just normal price movement in bitcoin,the price always swing a lot.I don't think price correction will occurs now because already bitcoin price dipped while at $16K,so I think the price will continue to rise in the coming days also.

Its more crazy if you see dent token it goes up 10x in one day..nothing is creziest then cryptoworld. Its start to become mainstream and we will see it at another alt. Bitcore is my best portofolio.

crazy day the best most crazy day ever this is really fun starts of good turns to great events after events gets wilder and sometimes you can even fall asleep while the most effective way of regaining menta clarity is simply by getting away from our stressful daily lives for a quick physical break sometimes we cant afford crazy day is a day for people to act crazy the idea of a day is for people to have fun and be a little unhinged while breaking away.

It´s pretty standard if you see the charts of bitcoins. There are big ups and downswings, but luckily are more common the ups and this is the reason of the current value of bitcoin.

Well if you check the previous days of Bitcoin charts this is now common.

Wall street possibly because getting listed is one of the big  catalyst that we reach the price today.

For the correction, Yes I believe that there will be a major correction that will happen in the future, I am not hoping for a crash but a little price pullback will be nice.

The sudden rise in the bitcoin price is caused by many new investors who are coming into it, and some holders of bitcoin who are trying to make it look like bitcoin is scarce. The correction has been made and now, it is gradually increasing aging.

You have to look at the percentage, not at the USD value. It's only like 3,4% increase in the price...so. MEH... Measily 3,4 %

I heard lots of fork coins would come later, so i guess more and more people are buying BTC for fork coins.

actually it's still low than before that can touch 20% in one day, this is crazy but that's the fact some people get rich hence, i also do not know why it can happen but i do not care as long as its price keeps going up, it gives a positive impression to me .ha ha ha ha

We cannot define the real happen this value of bitcoin today maybe its a work of the wall street or not,because we have no proof,we already know that the bitcoin value is volatile and unpredictable because its not regulated,my only perception about this,why bitcoin price is rapidly growth because,more investor needed it and the supply is  incapable because of many hoard,thats why the block chain  market or trading site's buyer demand to increase  its value  for buying so that  everyone sell there stock of bitcoins.

It not surprising on this jumps since we did already witness it when the price was on still $11k mark which sudden pumps do really happen on those times and lasted until it reaches 20k All time high. $2000 a day is really amazing but expect for having price corrections later on. For active day traders this would really be like a paradise because making money on those waves would really be there but somehow risky but would really be worth of to try.

Well as sudden as it pumped to 20k it, it dumped to around 16k in a matter of hours yesterday. You really would have to have nerves of steel in this crypto market to avoid making panicked mistakes. People who entered at 18-19k are probably nervous right now especially those who don't have that much experience yet with crypto markets

Bitcoin will go up tomorrow and that is for sure, and I am saying this with confidence because I am reading the analysis of some of the pundits who deal with the finance and they are claiming the bitcoin will go to 25,000 usd before the Christmas.

The stability in the price in the last week was because of the website crash incident which happened due to overflow of the traffic. Now, that overflow also show that the people from all over the world are taking interest in knowing about the bit coin.

Somebody in this thread asked about correction expectations. So, now you can see it in BTC and ETH, keep watching, how long it will be. I expect BTC on 7-8 thousand in next 6 month

Either you see the percentage or you see the price itself in dollars, just see the up rise of bitcoin. Brother someone told me about this in the mid of November that the price will go till $20k at the end of this year and I rejected his statement. But yes this is happening right now. Bitcoins have crossed $19290 and still we have 12 days remaining. May this price cross $22000 this year?

Bitcoin probably had one of the most craziest days that it had during the last few months. It is amazing, but the price went down by more than 40% but now it is recovering towards the all time high.
$14,400 and it is still going up.

I guess this is the day you've been waithing for OP, big jump results to big correction.

This is always the scenario, when it reach new ath expect that it will undergo some minor correction so probably panic won't do nothing. But yet this scenario makes people worry that it is somehow a bubble that will just burst any time and making some fuds that make others panic. So as traders let's just ne used to it and embrace the volatility of cryptos.

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I don’t care about the percentage of the day, I just look at the price in dollars increased or decreased. I never calculate how many percent the change occur. The main thing is the recent price because form the price I guess losing and earning. The craziest months for me were the past 3 months when the price jumped from 4000 to 19000 dollars. The difference is about 15000 dollars. Isn’t it crazy?

I hope you have seen the correction which you were expecting. Now the crazy thing was that it even fallen the same way by which it has risen. Now you can do one thing here, just try to buy on the bullish candle at the end of correction so that you dont the bullish trend and now you are getting the bitcoin at cheaper rate.

Honestly i am more surprised by the way bitcoin went from 5000$ to 20 000$ in just a few weeks than the correction from yesterday. Because everyone was expecting a correction for bitcoin. Nothing can just go up forever, this correction is great for bitcoin and also altcoin it will help people who are waiting to join to be able to buy bitcoin at a good price. Now we are all expecting a big increase in price for bitcoin. Can't wait to see how the market is going to react.

Yeah, its been like a wild roller coaster ride from 3 months past. Breaking all-time-high, everyone in the forum is jumping for joy, irrational buyers getting it at top price, and almost hitting $20,000. Crazy times indeed.


Well the thing with the crash in the last 3 days is that no one can really explained what's happening. It is Roger Ver and schills making an attack on the network, clogging it with spam? Are they spreading FUD's around to pull the price of bitcoin once more? Are there some serious whales who just decided to get out of the market and dump all his coins, giving a domino effect of panic selling which wipe out billions of dollars in just a couple of days?  However, its not only bitcoin but the whole crypto crashes. So for me its very intriguing and surprising as well as compare to the meteoric rise from $5000 to $20,000. Another crazy and bumpy experienced for all of us.

correction. used by some to rebuy. used by some to write fud. used by some to drop out.
so the world continues. but the faith of hodlers remain. they and far more people anticipate the future...

With Bitcoin expect the unexpected thats why many traders are hooked with Bitcoin because it doesnt sleep like the ordinary stocks. With crypto, your investment can be worth $1,000 USD tomorrow it can be worth half of it or it doubled over night. Its not for the faint hearted, it not for those with no discipline in controlling emotions.

This day was indeed one of the historic day for everyone in the field, we all know that the Christmas factor is involved very much in price of bitcoin  and it will going to give a lot of profit later on. Also all those who were waiting for some dip in the market, should come ahead and take maximum advantage out of this situation. The pennies of today can become the thousands of tomorrow and that’s how the operation works.

Price some time will get high insanely and sometimes it gets low but the question is how are you going to make best of the market when it drops some worth. Recent couple of week have shown some really interesting fluctuations in the market, and people around the globe made some good profits.

The best practice is to sell it when its high and purchase it when it is low, and the only thing which will make you master about this is your knowledge and participation in the market.

Yes as you can see now he fell and correction goes. As in the last year all takes place as well

Yes this is a crazy day even the prize of bitcoin jump now but still it's in a low price. But l hope so it gonna jump continually because l lose almost a half of my capital to get.l should wait for the price to go up instead of selling now. But l need it..lts so hard to wait but l really have to, so that l will get a profit on it. How many months more to wait for? It's making me crazy because l really have to sell my coins.

No body knows how many months will be needed to see the price back to more than $17k. Did you buy some more btc when it was on the dip some time ago, when it was around $7k? If you did it then you have made a profit already, but if you just hold it then you need to wait for unknown time in order to make profit. If you really need to sell it for something urgent IRL, I guess you should sell it now but not all. Just sell some of it for your needs only.

yups and since it was a holiday season many users try their chances to gain before the downfall on late december,before the holders and investors withdraw for the Christmas season so just like a boat that gonna voyage and in the middle of the sea passenger jumped to were they wanted to go,ship leaved with captain and crew only.

The high jump last month and now it's falling, it's because demand is changing drastically as now panic sell makes demand decrease, because we know that cryptocurrency like bitcoin decentral is so crazy price change that thing might happen.

bitcoin down over 100%, will be back soon maybe after CNY. :'(

Today there is no such a man who doesn't worry about the negative impact of the Bitcoin rise. The rate causes certain concerns. I am not expert but very interested in this topic. I am sure that Bitcoin rate will improve.

In this statement that a crazy day! Who can explain? It means that
because of the sudden changes of the price of the investments or coins in the market or public in low to high or vice versa , the investors can explain their feelings because of this.

Actually investing in cryptocurrency is really a quite crazy thing because you will be stress in the changing prices it happens specially if you are only the new one here in this type of job.

as is now clear, the correction occurred) It can not grow so quickly. Expect the next jumps now

Bitcoins from $ 17,400 - $ 19,300 would not be able to return, most of the "sharks" who pumped it up would not want to continue pumping it for others. At present, Bitcoin prices are stabilized at $ 6500 - $ 7000, but for small investors at $ 20,000 they will lose one round to get their money back.

there is now a new fever for ethereum to set a new record for the most basic decline, usually the ETH is always stable as it seems unpredictable at the moment, altcoin has no sign of resurrection

Correction is the reason why we should be able to have a jump in this kind of market situation. Currently we are having the same situation in the market.  Price is getting a very high dump of recent and we are get some serious price drop since yesterday.

)) what do say now? Are you still upset that sold btc for 17950?   

ps. hope you did not re-buy it for 15 000 in Jan-Feb 2018 with 5:1 margin.

Tom Lee was telling us to buy. According to him it was just a small correction on the way to 50k USD.  ;)


Why are you still talking about that 2k jump like it was something exciting. If you look at the percentages and compare it to the previous exponential rises (2013) it doesn't look that amazing. The jumps are very similar in size, what differs is the price tag, but it depends on the number of users. If you distribute an asset among 1 million bulls, willing to bid for it, and later want to do the same with 10 million bullish people involved, the price will have to go up around 10 times. That's how markets work.

When the price going up so fast so the price also will going down so fast, because that not natural price action, with low market cap Bitcoin still possible to pump and dump so its better dont chase when the price on pumping. And if we want to take risk by chase the price do not forget to use stop loss to avoid loss when the price dump.