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Author Topic: um.. why is the price going up?  (Read 3462 times)
xali (OP)
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January 07, 2016, 07:21:38 AM
 #1

it's going up rapidly on multiple markets

someone else had been posting on my account for over a year; Every post from January 10 2017 to June 18 2018 is NOT ME
Whoever this person was that got access to my account, felt the need to shill something called "bidium" in my signature
very surreal. is this normal? the internet is full of crooks... watch out
HarizDB
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January 07, 2016, 07:26:39 AM
 #2

The Chinese market fell, and then closed down, oil is keeping to fall, it's very close to the 30 USD mark. I could imagine the European market fall today aswell. I don't know which markets are going up, but then again, this was just some quick news headlines i saw on my way to school.
Cconvert2G36
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January 07, 2016, 07:28:05 AM
 #3

The fun-da-mentals, of course.
xali (OP)
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January 07, 2016, 07:29:44 AM
 #4

so because of news? lol... I'm watchin news less than the bitcoin price

someone else had been posting on my account for over a year; Every post from January 10 2017 to June 18 2018 is NOT ME
Whoever this person was that got access to my account, felt the need to shill something called "bidium" in my signature
very surreal. is this normal? the internet is full of crooks... watch out
Junko
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January 07, 2016, 07:45:24 AM
 #5

According to MattTheCat and others, this is why: https://bitcointalk.org/index.php?topic=1317888.0
HITTI2
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January 07, 2016, 07:46:51 AM
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Holy crap!
http://bitcoincharts.com/markets/
Coinbase $449.5USD

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MatTheCat
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January 07, 2016, 07:49:30 AM
 #7

According to MattTheCat and others, this is why: https://bitcointalk.org/index.php?topic=1317888.0


Yep....and now 'they' have driven Bitcoin right back up into the Short Reload Zone, just as Joe Sixpack starts wetting his pants about Bitcoin price going 2 da moon..."quick max out the credit cards honey, China is crashing and flooding into Bitcoin, BUY BUY BUY".....


I wonder what will happen next?   Cheesy

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January 07, 2016, 07:53:25 AM
 #8

It went up fast, it was $429 early now as im posting it's $452.50, really good.
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January 07, 2016, 07:55:12 AM
 #9

Because, fuck logic
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January 07, 2016, 07:59:31 AM
 #10

I wouldnt be compainging too much, can only be good if its on the rise. Maybe a pump and dump though unless theres some reason other than user adoption thats causing it. Seems better than last January anyway.

bitlancr
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January 07, 2016, 08:13:51 AM
 #11

The Chinese market went down in the red and they closed earlier than usual. I think that has a lot to do with the bitcoin price going up. I also think that most of the time when bitcoin goes up or down it has to do with the Chinese economic market.
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January 07, 2016, 08:25:38 AM
 #12

It went up fast, it was $429 early now as im posting it's $452.50, really good.

Volume down at $429 (on Chinese exchanges) was both HUGE, and totally FAKE!

The volume up here at $452 though (including on Chinese exchanges) is much much THINNER, but very very REAL!

I reckon the cocksucker whales are letting momentum chasing retail BTC buyers have as much fucking coin as they want.........which means hapless Joes still long Bitcoin, might want to consider taking profits.


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lixer
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January 07, 2016, 08:41:19 AM
 #13

Until halving, there is no reason is needed for the bitcoin prices to go up. Because it is obvious prices are going up every day on the speculation of upcoming halving.
I do see this up surge of bitcoin prices as most expected one for many bitcoiners here.

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January 07, 2016, 08:46:21 AM
 #14

because there is no sub 400 anymore, and the market is in a bullish sentiment

don't believe anyone who say the contrary because he want only to buy cheap
Loimu
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January 07, 2016, 09:16:08 AM
 #15

China. My answer is china. Cannot come up with anything else reasonable. Anyway I am just going to enjoy the ride no matter who is driving!

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January 07, 2016, 09:20:34 AM
 #16

Pretty much what others have said, the China market went down and hit the red numbers.

Bitcoin seems to go up when the Chinese market goes down.
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January 07, 2016, 09:21:58 AM
 #17

China. My answer is china. Cannot come up with anything else reasonable. Anyway I am just going to enjoy the ride no matter who is driving!
yes it looks like China, I heard about china economy being down. for no other reason before halving occurs.

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January 07, 2016, 09:22:45 AM
 #18

it's going up rapidly on multiple markets

chinese stock market went down 7%, chinese people are buying btc instead of stupid stocks
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January 07, 2016, 09:30:19 AM
 #19

Price discovery? Historically, stablility has been the least common pattern for BTC prices. So it either goes up or it goes down, and tends to do so rather violently.

IOW, price failed to break down for several days, prolonged sideways movement is not common, so a spike up isn't that surprising.

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January 07, 2016, 11:01:00 AM
 #20

it's going up rapidly on multiple markets

chinese stock market went down 7%, chinese people are buying btc instead of stupid stocks

True that the chinese stock market went down and not by little either. When I read that the stock market went down I was expecting a pump. If the market keeps going down, the bitcoin price will continue to go up.
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