Price going up for no apparent reason?

[Zombier0]

Gemini is the reason

[LFC_Bitcoin]

Not sure if a new thread was required for this 'price movement'. There's not much to discuss really is there, the price has gone up 5 USD. We used to have massive price swings daily. A 5 USD move isn't really anything to get excited about.

I'd be moderately excited if we moved into the 300's, at the moment I'm just relaxed, HODLING & looking on.

[kwukduck]

No worries,  nothing going on,  it's already sliding back down like usual.

[rjclarke2000]

No worries,  nothing going on,  it's already sliding back down like usual.

Maybe it'll slide back to 10 dollars and then we can sell all our btc right?

[mirana12345]

After such a long and dreadful downslide, it shouldn't be a surprise that the price is picking up every now and then. I'm guessing the same as everyone else, that gemini launch
is the reason behind this, and i think this is just sort of a "test", trying out how support is holding.

2% increase is far from the main target for upcoming winter period (where people tend to spend more money), and it will probably serve as a pre-pump for the halving next year.
All in all, i'm expecting >300 price range til the end of the year, at the worst case scenario.

[zimmah]

The price was too low for too long to begin with.

[randy8777]

probably some people wanting to get themself some coins at current price for the block halving. can't think of something else right now.

[chennan]

Not sure if a new thread was required for this 'price movement'. There's not much to discuss really is there, the price has gone up 5 USD. We used to have massive price swings daily. A 5 USD move isn't really anything to get excited about.

I'd be moderately excited if we moved into the 300's, at the moment I'm just relaxed, HODLING & looking on.

Yeah, it seems as if people have forgotten the better times around the $500, $750, $1K mark... I just think people needed some kind of reinforcement boost, so it's no surprise people are going bananas over a $5-$10 jump.

[Mickeyb]

Not sure if a new thread was required for this 'price movement'. There's not much to discuss really is there, the price has gone up 5 USD. We used to have massive price swings daily. A 5 USD move isn't really anything to get excited about.

I'd be moderately excited if we moved into the 300's, at the moment I'm just relaxed, HODLING & looking on.

Yeah, it seems as if people have forgotten the better times around the $500, $750, $1K mark... I just think people needed some kind of reinforcement boost, so it's no surprise people are going bananas over a $5-$10 jump.

I thought people would be happy that we are going up! All I can see is complaining and concern that we are actually moving upwards. Kind of weird if you ask me!

[Amph]

Gemini is the reason

gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow

so he can dump later at 280, and cash out his profit, repeat from 230 or lower

[OgNasty]

Gemini is the reason

gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow

so he can dump later at 280, and cash out his profit, repeat from 230 or lower

I think you guys are a bit stuck on "the manipulator" theory.  While this was true in 2012, the market is simply too large to be manipulated by individuals these days.  Even back in 2012, I remember Bitpay handing it to pirate for tens of thousands of dollars one night when his manipulative efforts were discovered.  I believe it was that night "the manipulator" died.

The market bubbled from $2 up to $1,050 and then capitulated down at $180.  It isn't hard to see the trend changes...

[BTChaintrader]

What is the reason?

What do we not know?

Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.

A lot of bad fundamentals from around the world which are driving the stock market and the dollar down. In this situation it is natural to see the Bitcoin price rising.

Which by the way means that if there is crisis like 2008, Bitcoin will skyrocket just like gold. Good news!

[doublemore]

What is the reason?

What do we not know?

Just a another manipulation for a short pump and dump? We haven't had one of those for quite a time.

Remember the price is still down from $1k so this little up move is nothing.  You have to also consider the US gov want the best possible price for their auction of the 44k.

[Amph]

Gemini is the reason

gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow

so he can dump later at 280, and cash out his profit, repeat from 230 or lower

I think you guys are a bit stuck on "the manipulator" theory.  While this was true in 2012, the market is simply too large to be manipulated by individuals these days.  Even back in 2012, I remember Bitpay handing it to pirate for tens of thousands of dollars one night when his manipulative efforts were discovered.  I believe it was that night "the manipulator" died.

The market bubbled from $2 up to $1,050 and then capitulated down at $180.  It isn't hard to see the trend changes...

i was thinking, if everyone is holding, and only few people are playing the market, it could be easy for a rich bitcoin guy(one of those 100k guy in the top ten) to manipulate the market, no matter how large bitcoin is or will be

[1Referee]

Gemini is the reason

gemini low volume suggest the opposite, i bet my ass this is the same pumper that is taking advantages of good news to pump the price a little, and force the other to follow

so he can dump later at 280, and cash out his profit, repeat from 230 or lower

I think you guys are a bit stuck on "the manipulator" theory.  While this was true in 2012, the market is simply too large to be manipulated by individuals these days.  Even back in 2012, I remember Bitpay handing it to pirate for tens of thousands of dollars one night when his manipulative efforts were discovered.  I believe it was that night "the manipulator" died.

The market bubbled from $2 up to $1,050 and then capitulated down at $180.  It isn't hard to see the trend changes...

i was thinking, if everyone is holding, and only few people are playing the market, it could be easy for a rich bitcoin guy(one of those 100k guy in the top ten) to manipulate the market, no matter how large bitcoin is or will be

That's assuming when every one is holding. People who say they are holding mostly just hold for a month or two. That's not really what I consider holding. Holding to me is keeping the coins untouched in my wallet for at least a few years.

[g-unit]

No worries,  nothing going on,  it's already sliding back down like usual.

Maybe it'll slide back to 10 dollars and then we can sell all our btc right?

Epic. How many coins did this idiot sell for $10? Smh.

[dothebeats]

I guess Gemini and the sidechain have somewhat caused the upward movement. Whatever it is, I'm loving it.

[Mickeyb]

I guess Gemini and the sidechain have somewhat caused the upward movement. Whatever it is, I'm loving it.

I tend to think also that these positive things have started this rally! Some people here actually think that all of this is just a dead cat bounce or a manipulation of sort!

I hope they are not right! It's great to see Bitcoin in green!

[chennan]

I guess Gemini and the sidechain have somewhat caused the upward movement. Whatever it is, I'm loving it.

I tend to think also that these positive things have started this rally! Some people here actually think that all of this is just a dead cat bounce or a manipulation of sort!

I hope they are not right! It's great to see Bitcoin in green!

I think it's a mixture of both Gemini's and China's market in bitcoin picking up... I read somewhere that yesterday there were like a million coins being moved around or something of the sort.  With those kind of transactions, it's always going to be a good day for bitcoin

[randy8777]

I guess Gemini and the sidechain have somewhat caused the upward movement. Whatever it is, I'm loving it.

every kind of rise is more than welcome. maybe it's gemini or maybe people trying to buy up some coins before the block halving.