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Author Topic: The Bitcoin Price Increase: WHY DID NO ONE EXPECT IT?  (Read 1730 times)
NorrisK
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November 10, 2015, 07:41:48 AM
 #21

How do you know that no one epected it?
Everybody knew that it'll boost from 2xx to 5xx in november. (Because November is oficially bubble month now)

That is ofcourse bullshit.. Those numbers are arbritary and also in 2014 there was no November bubble month..

It was more likely because of a lot of good news and everybody starting to want it to go up, increasing buy pressure as it took off.

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November 10, 2015, 08:44:26 AM
 #22

with the vat free news, i was expecting something, maybe not 500, but surely something that would broke the 300 mark, and we did it, now  we are there stable at 375

i think only you were not expect anything from bitcoin

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November 10, 2015, 09:27:00 AM
 #23

I think for a simple reason that we were in a 2 year downtrend period where everyone just got used to being negative and not even thinking about being positive.

This is the main reason and even at this moment there are people who believe that it's still not over, the down period. 
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November 10, 2015, 09:46:30 AM
 #24

I've expected some rise since the middle of october but never thought that it will be higher than 300, and never thought that it will be such steady rise without wild swings. So, that smooth rally to 500 was quite a surprise. We can explain this upsurge with the Chinese financial restrictions and the good news from the EU, but the volume and price was still surprisingly high.
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November 10, 2015, 10:56:16 AM
 #25

I did not expect a rise nor would anyone else, What Mickey states is right, we are in a downtrend with a few 'highs' where just 2 were caused by the good news (insecurity about the yuan, and the greece dillema(.

The only guess would be the upcoming halving. So yes in a way we are just where we are (no news or signals) 2 months ago, only with a higher rate.

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November 10, 2015, 12:28:39 PM
 #26

No one expected it?! Buddy, another bubble is long overdue now. 20x Bitcoin price is just around the corner.

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November 10, 2015, 12:32:39 PM
 #27

with the vat free news, i was expecting something, maybe not 500, but surely something that would broke the 300 mark, and we did it, now  we are there stable at 375

i think only you were not expect anything from bitcoin


it will be but seem like 400 is wall that need climb first
stable price is good but most here want jump just not to be bump down



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November 10, 2015, 12:59:08 PM
 #28

Anyone who tries to pin the rise on specific events is an idiot.

The rally happened for the same reason all previous rallies happened, and the same reason all future rises will happen- you can't have stable/decreasing prices and increasing user adoption for ever. Eventually one of them has to end. And it's always the decreasing/stable prices that ends, not the user adoption.

Any specific events you find may have contributed, but they will never be more than the 'straw the broke the camel's back', the rise would still have happened without them just at a different time.

So it is complete nonsense to say that no one expected the rise. Everyone who isn't an idiot expected it at some point. Of course none of us knew when, but so what?
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November 10, 2015, 03:53:42 PM
 #29

with the vat free news, i was expecting something, maybe not 500, but surely something that would broke the 300 mark, and we did it, now  we are there stable at 375

i think only you were not expect anything from bitcoin


it will be but seem like 400 is wall that need climb first
stable price is good but most here want jump just not to be bump down

The price seems to be headed back down now. Sad
I thought this rally was sustainable...
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