Bitcoin Forum

Economy => Speculation => Topic started by: nextgencoin on February 13, 2015, 01:33:52 PM



Title: Any reason for the small pop in price?
Post by: nextgencoin on February 13, 2015, 01:33:52 PM
Its not massive but there is a small pop in the price around 7.5% but its significant cause it breaks out of a narrow tradin range we have been in. Im not interested in the speculation just wondered if there has been any news that has caused it?


Title: Re: Any reason for the small pop in price?
Post by: pawel7777 on February 13, 2015, 08:53:30 PM
Probably just a speculation/artificial pump. There are no noticeable positive news to justify it.

Good to see price going up, but there's nothing to get excited about.


Title: Re: Any reason for the small pop in price?
Post by: zoinky on February 13, 2015, 08:56:46 PM
People buying coins.


Title: Re: Any reason for the small pop in price?
Post by: arvindr on February 13, 2015, 08:58:01 PM
People buying coins.

That is the most probable and obvious reason.


Title: Re: Any reason for the small pop in price?
Post by: steveturk on February 13, 2015, 08:59:43 PM
Coinbase getting traction, winklevii secret launch on the 16th of March.... Who knows?


Title: Re: Any reason for the small pop in price?
Post by: the_sunship on February 13, 2015, 09:16:23 PM
There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?


Title: Re: Any reason for the small pop in price?
Post by: pawel7777 on February 13, 2015, 09:21:55 PM
There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?

Which site? Where did you see that news?

But if true, I don't think it would be that big to cause price rise. Accepting BTC along fiat is not that big of a deal, good for promoting bitcoin but wouldn't create a demand for it.


Title: Re: Any reason for the small pop in price?
Post by: Bralex on February 13, 2015, 09:28:20 PM
There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?

Wow if this is true that is awesome for BTC, poker industry is massive and the good thing they will not have much of a challenge adopting it both players and sites.

Cant believe never thought about this before.


Title: Re: Any reason for the small pop in price?
Post by: the_sunship on February 13, 2015, 09:30:19 PM
http://coinfire.io/2015/02/12/poker-stars-finishing-bitcoin-integration/


Title: Re: Any reason for the small pop in price?
Post by: redsn0w on February 13, 2015, 09:35:05 PM
I think there isn't a valid reason, it is only a pure speculation at the moment.


Title: Re: Any reason for the small pop in price?
Post by: bassclef on February 13, 2015, 09:43:31 PM
Probably just a speculation/artificial pump. There are no noticeable positive news to justify it.

Good to see price going up, but there's nothing to get excited about.

There doesn't have to be. Markets move on supply and demand and not much else.


Title: Re: Any reason for the small pop in price?
Post by: Bralex on February 13, 2015, 10:07:33 PM
http://coinfire.io/2015/02/12/poker-stars-finishing-bitcoin-integration/

How much of a reliable source is this usually?

It says based on inside information not sure about that but who knows.

If it's true then Bitcoin is about to get an influx of new buyers this year!


Title: Re: Any reason for the small pop in price?
Post by: arvindr on February 13, 2015, 10:36:55 PM

There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?
Seems you are talking about Seals of clubs updating their site and the software used. I doubt that has anything to do with the price increase.


Title: Re: Any reason for the small pop in price?
Post by: pereira4 on February 13, 2015, 10:42:39 PM
Its not massive but there is a small pop in the price around 7.5% but its significant cause it breaks out of a narrow tradin range we have been in. Im not interested in the speculation just wondered if there has been any news that has caused it?
It just seems like regular market noise to me. Nothing remarkable just yet.,


Title: Re: Any reason for the small pop in price?
Post by: tspacepilot on February 13, 2015, 10:46:54 PM
People buying coins.

That is the most probable and obvious reason.

I think I'm gonna say it was this one.


Title: Re: Any reason for the small pop in price?
Post by: enryk on February 13, 2015, 11:01:19 PM

There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?
Seems you are talking about Seals of clubs updating their site and the software used. I doubt that has anything to do with the price increase.
Yup seals has nothing to do anything with the price increase. Not everyone in bitcoin is a poker player that they would purchase thousands of BTC due to that news.
But it might be due to another poker site pokerstars accepting bitcoin. But I doubt thats the reason either.


Title: Re: Any reason for the small pop in price?
Post by: tspacepilot on February 14, 2015, 12:21:15 AM
I love seals but the fact they're making new software (and the fact that they've been down for 2 days) definitely isn't the main factor behind bitcoin price, ha!


Title: Re: Any reason for the small pop in price?
Post by: Q7 on February 14, 2015, 01:11:06 AM
Talking about news driven, I expect a drop after the MyCoin incident in Hong Kong but I'm glad I was wrong on that. Price increase could by buoyed by buying demand and it's definitely not a pump here.


Title: Re: Any reason for the small pop in price?
Post by: drippx on February 14, 2015, 02:26:25 AM
I think it may be the google payment system implementing bitcoin, news


Title: Re: Any reason for the small pop in price?
Post by: nextgencoin on February 14, 2015, 06:20:28 AM
I think it may be the google payment system implementing bitcoin, news



Bingo I think you might be right. It's annoying this got moved to speculation cause I wasn't wondering about the price move but the possible News that that be causing it.


Title: Re: Any reason for the small pop in price?
Post by: lolled on February 14, 2015, 08:51:38 AM
I think it may be the google payment system implementing bitcoin, news



Bingo I think you might be right. It's annoying this got moved to speculation cause I wasn't wondering about the price move but the possible News that that be causing it.

There is no news of google integrating bitcoin. None that I could find.


Title: Re: Any reason for the small pop in price?
Post by: pawel7777 on February 14, 2015, 11:45:41 AM
Probably just a speculation/artificial pump. There are no noticeable positive news to justify it.

Good to see price going up, but there's nothing to get excited about.

There doesn't have to be. Markets move on supply and demand and not much else.

True. But from what I've read in other threads, there was some unusual increase in volume, which suggest it could have been more than simple demand>supply thing.

Even if it was a pump, it could spark the 'natural' up movement.

http://coinfire.io/2015/02/12/poker-stars-finishing-bitcoin-integration/

Thanks for sharing. Hope that's true.


Title: Re: Any reason for the small pop in price?
Post by: Josef27 on February 14, 2015, 11:59:57 AM
Peoples buying cheap coin, cause the price goes up a little
Current panic bitcoin holders sell them while the price goes up a little
Repeat


Title: Re: Any reason for the small pop in price?
Post by: KimNam on February 15, 2015, 01:24:01 PM

I think it may be the google payment system implementing bitcoin, news



Bingo I think you might be right. It's annoying this got moved to speculation cause I wasn't wondering about the price move but the possible News that that be causing it.

There is no news of google integrating bitcoin. None that I could find.
https://www.cryptocoinsnews.com/google-may-introduce-bitcoin-new-payment-system/
just rumour, Google "May" Introduce Bitcoin on New Payment System
i don't think this rumour make bitcoin prices up
market eaten up buy order and increasing demand of bitcoin make the prices up :D


Title: Re: Any reason for the small pop in price?
Post by: sgbett on February 15, 2015, 01:29:22 PM
Absolutely no reason you should buy bitcoin, the whole things is doomed, this is a great shorting opportunity!

OR IS IT!? ;)


Title: Re: Any reason for the small pop in price?
Post by: Amph on February 15, 2015, 01:40:41 PM
market manipulation, p&d scheme, they are calling those shorting guys


Title: Re: Any reason for the small pop in price?
Post by: kwukduck on February 15, 2015, 02:23:07 PM
POP goes the bubble xD
It's falling again rapidly, perfect time to short all the way to $200


Title: Re: Any reason for the small pop in price?
Post by: Whitehouse on February 15, 2015, 02:37:52 PM
People buying coins.

That is the most probable and obvious reason.

IS there ever any other reason. People always look for answers asking why, but there often times is no mysterious cause other than more people buying at a higher price.

I think it may be the google payment system implementing bitcoin, news



Bingo I think you might be right. It's annoying this got moved to speculation cause I wasn't wondering about the price move but the possible News that that be causing it.

There is no news of google integrating bitcoin. None that I could find.

That was just rumour based on baseless speculation. I doubt it's going to happen.


Title: Re: Any reason for the small pop in price?
Post by: caga on February 15, 2015, 08:46:33 PM
Looks like you mispelt the title...pop-> drop


Title: Re: Any reason for the small pop in price?
Post by: Beymond on February 16, 2015, 04:53:13 AM
I have been seeing little pops and drops every week
Don't know what causes it but it's like happening every week or two  :-\


Title: Re: Any reason for the small pop in price?
Post by: AtheistAKASaneBrain on February 16, 2015, 05:00:02 PM
Prolly some people being paranoid at the 7K btc being stolen from the Chinese exchange.