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Author Topic: What's pushing bitcoin up now as of December 11th  (Read 790 times)
bhodson (OP)
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December 11, 2015, 10:54:47 AM
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I see it rising but I don't see any particular news.  What do you think is causing this most recent rise and who expects a fall in the near future?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 11, 2015, 10:57:30 AM
 #2

Some very wealth whales are behind it. I am sure of that. There most rises are backed by; no news; innovation etc. It happends suddenly and it is done by increases of at least 15% a day..
WHen it start buy, but make sure to sell long before they are done. If you bought at 500 usd a few weeks ago, you know what I am talking about.

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December 11, 2015, 11:58:24 AM
 #3

I think some whales are behind it to pump price near 500 where some of them have bought coin in early november. And also positive psycology of traders is also taking part in this rise.
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December 11, 2015, 01:40:41 PM
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I think some whales are behind it to pump price near 500 where some of them have bought coin in early november. And also positive psycology of traders is also taking part in this rise.

Not sure if the people who are currently are buying are only whales. I think people are tired of waiting for the right moment to buy, and thus they buy right now, to not stay behind and see the price go up while they haven't bought anything. I know how that feels. That feeling sucks. Just make sure you buy right now.
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December 11, 2015, 02:26:40 PM
 #5

I think some whales are behind it to pump price near 500 where some of them have bought coin in early november. And also positive psycology of traders is also taking part in this rise.

Not sure if the people who are currently are buying are only whales. I think people are tired of waiting for the right moment to buy, and thus they buy right now, to not stay behind and see the price go up while they haven't bought anything. I know how that feels. That feeling sucks. Just make sure you buy right now.

There are much more people posting here than there were last summer. Loysof people who stopped posting for months have now started again. That's a sign that people are regaining interest in bitcoin, and those people will be buying and pushing the price up.
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December 11, 2015, 02:43:26 PM
 #6

I see it rising but I don't see any particular news.  What do you think is causing this most recent rise and who expects a fall in the near future?

To piss off people who went full fiat and thought Satoshi was going to email them telling them when to buy.

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ultimatesky
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December 11, 2015, 03:18:28 PM
 #7

I think the whales probably. They can do whatever and whenever they want with bitcoin. They are the ones holding the most bitcoin and if they make a move they are able to have an effect on bitcoin prices.
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December 11, 2015, 03:24:18 PM
 #8

China news.  They are devaluing their currency and the chinese citizens are most likely trying to transfer their Yuan into other currencies.  Bitcoin being one of them.
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December 11, 2015, 03:25:10 PM
 #9

I've seen people say that it may be because of this Craig guy who claims to be Satoshi. Which I highly doubt he is.
If it's not this news then my better guess is that it's the whales who are behind this price increment.
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December 11, 2015, 03:26:38 PM
 #10

I see it rising but I don't see any particular news.  What do you think is causing this most recent rise and who expects a fall in the near future?

Read other thread buddy. All post are just mixed up in different thread. Right now we don't need news because halving is the only reason here. Many acquiring coins than next year when the price is expected to rise. No manipulators involve here because if it does its a big move. Now we are experiencing slow move.
anthonycamp
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December 11, 2015, 06:53:54 PM
 #11

the movment its not that slow a 30$ per day its too much i think its whales
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December 11, 2015, 06:54:57 PM
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Attempt 1w ichimoku cloud break;  resemblance to 2012; momentum
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December 11, 2015, 06:56:30 PM
 #13

Reportedly, Donald Trump said "why is that nigger floating" and someone replied "coz ya took ya big hevvy boot off is ed man!"
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