Bitcoin Forum

today I check the value for Bitcoin the price is going up. so I want to know if anyone on here can tell me what's really happening with the market why the price is going up. Did the cryptocurrency pass the test or overcome the price dropping storm. give me the 411 guys

Who told u to mention over here ? U said and everyone started to sell. Now, it has started to fall... :(

Most people don't believe technical analysis actually works, that the reason.

In simple words, TA is the consolidation of all known price related information into a few lines.
Mix it with a bit of fractals and you've been buying at 220.

Here's the 411:

After a long slide and touching the bottom at 156 (very briefly), and consolidating at around 200-230, the market has finally turned around. The long bear phase is over and the bulls now rule.

We may not "rocket" to the moon, but we are solidly gaining ground, bit by bit.

2015 is, so far, turning out to be the mirror image of 2014.

I agree.
This will be a slow rise to infinity
It's healthy and will take a few months.
After that, general public will be convinced again that bitcoin is not dead and they will start the fire to the moon... again.

Somewhere, a unicorn is making the price move by fluttering its eyelashes.

Why 411?

people seem to forget to mention about those stolen coins, they could be sold at any time so we gotta remember that. I'm sitting here with fiat, wondering to myself if I buy now, will the coins be sold off? Additionally, we have the auction to worry about. Is this in hopes of preventing a further price drop?

http://s3.postimg.org/uh7yoax7n/image.jpg

Don't forget all the stolen USD and gold.  How can you sleep at night knowing the stolen USD could be dumped at any time?

Stolen USD could buy more coins. :D

I'm just trying to add a little context to the thread and being sarcastic along the way.

Since it has such a high difficulty and such a low supply, Bitcoin will be worth thousands of dollars each in a few years!

I am more interested in "give me the 411 guys". What does that mean?

Int the USA 411 is the number you use to get directory assistance.     411 = Information.   ;-)

I think there are whales manipulating the market.

Price has been very very very resilient over the past few weeks, more and more TA indicators are turning "green", and bears/shorters get tired of the sideways movement. Traders like movement, and if the price doesn't want to go any lower, they just accept the fact and get back on the rocket up!

Price goes down people ask "why is this happening?". Response: nobody knows.
Price goes up people ask "why is this happening?". Response: nobody knows.

This is just bitcoin for you. Sometimes it goes up, sometimes it goes down but it's always just supply vs demand.

Well I gotta say I'm always amazed that there are people who keep asking how the price of a single Bitcoin is being determined. They think there's some central algorithm in place.

I'm amazed people think there is an answer other than people are buying coins for more or less (delete as applicable) than they was before. People just really seem to want to correlate the change in price to some sort of news but I believe this is because they believe in fud and the excuses people give for the fall or rise - oh it's because china/silk road/mt gox/rumour I heard/my auntie etc.

We're still in a phase where a lot of money is coming into BTC, that's driving the price even more - next to the speculation that's going on. Some call this a ponzi, but it's none. It's just the way Bitcoins are being distributed. The next block-halvings are going to be sweet, man!

I agree there seems to be renewed interest and more people are joining.  A very simple check would be new user signups to this forum.  That's just a small sampling but enough to get a glimpse of sentiment.  Feb has over 34 k signups.

https://bitcointalk.org/index.php?action=stats







 

I think this is actually a very good indicator! Sure, it's no proof, but what is? PoW is, haha :D It's like Google trends, it correlates with the bubbles. And March really had a lot of new members!

This is very surprising, actually - for a while I was tracking this and, like you said, the signups could roughly correlate with the google trends (which typically lags a bit behind price), but there have been very high numbers in January and February, while the overall interest on Google trends has stagnated.

Excited for the next few months!

Since nobody mentioned it, the GBTC announcement probably has investors buying in because they expect a small bump.

Maybe China un-banned bitcoin.  :D

the 411 = because it is....that's it.

Perfect analysis.

Hopefully 2015 ends up just like 2013. I would be very happy with a bubble in April and November.   ;D

don't worry too much about stolen coins.  all they did was move from fools hands who kept money on exchange to smart hands who will hold most until everything blows over.  dumpers will sell slowly to maximize their thefts value.

Thank you, I learned something! I thought he meant he needed the price to become $411.
I'm from Europe. :P

The only people that complain about bitcoin being a ponzi are those that don't understand it. The fact that it is volatile and those speculating on it can lose or gain money doesn't mean it is a scam. You can call the housing or the stock market a scam if that's the case.

Those monthly stats will be very misleading. We've been hit by thousands of spambots over the last couple of months. I alone have likely nuked hundreds. I think actual/real-life sign-ups to the forum have dwindled slightly but will pick up with any excitement or good news.

The only people that complain about bitcoin being a ponzi are those who are insanely jealous of the ones who bought in 2010, 2011.

My friend said bitcoin price up because KimDotCom
https://twitter.com/KimDotcom/status/571529634069626881 (https://twitter.com/KimDotcom/status/571529634069626881)
https://twitter.com/KimDotcom/status/571182813937971200 (https://twitter.com/KimDotcom/status/571182813937971200)

but i am not sure about that :D

It's unknown what exactly caused the rise and fall and rise again of the currencies, but Bitcoin and the like are known for being particularly volatile, meaning there’s no real way of knowing if it's prospering or about to take a nose dive into the black.

Why have you bumped this old thread with your rubbish comment.

I've put you on ignore, so no merit from me ever, and I've reported it as a necro-bump.