+$20 in the last 24hrs...

Any particular reason?

We have seen the price go up and down like $10-$20 bucks quite often. It mostly happens without any news. I am interested to see how close it will come to $400 before going back to $370-$380.

This is quite normal thing with Bitcoin to see a rise or decline in dollars.What is important for me is to see if this is uptred or just short term speculation.There is a huge rise due to take place as we are marching towards block halving.

no, it's called market activity, price can not remain stuck forever, especially not with bitcoin

Common stuff, not sure why people still get excited by this.

You have reason to get excited once the price is staying above $500 for a long time.

$20 - $50 isn't a big amount to think off as it happens everytime. It's only when the price falls by $100-$200, we need to worry as it takes months to rise then. The price keeps fluctuating because of the exchanges that take place, nothing else.

People were waiting for it to go down so they could start buying. In the last 4 days first plunge ended at 360 second at 363 third in 365 = price wasn't going to drop = buy.

It might be that Gavin and Mike stopped saying that bitcoin is going to die for a couple of days.

Quote from: the_poet on February 04, 2016, 05:50:19 PM

Any particular reason?

Are you kidding? Welcome to the world of bitcoin.

I remember when I was first following bitcoin back in 2013, I was blown away when it went exponential to around $1200 and then fell back to something like $600 in a day. Think about how crazy a price movement that is, and you'll realize that what we've seen in the past 24 hours, while significant, is not much to start a thread about. For a while there last year I thought we were going back to zero. That was when bitcoin had dropped to below $200 briefly.

Guys, I know Bitcoin's price is unstable. I was just asking because it had been stuck at $370 for a few days and perhaps some minor news might have caused the rise.

I don't think that we should taking care of the price movements if they're beside the 50€ cap. +20$ in 24 hours is something so common...

Quote from: the_poet on February 04, 2016, 08:36:27 PM

Guys, I know Bitcoin's price is unstable. I was just asking because it had been stuck at $370 for a few days and perhaps some minor news might have caused the rise.

OK to answer that specifically, I haven't heard any news myself. This might be a rebound from the drop that happened after Hearn made his comments and nothing more.

I tend to think it's just random movement. Even in the most stable utility stocks there are days when price action goes crazy. I don't think it has anything to do with news right now.

Quote from: jangloos on February 04, 2016, 06:24:13 PM

Halving still has a lot of time but the current price is too low now. There were many open orders on exchange websites which caused the rise but it will fall again as there is nothing happening to keep bitcoins moving above $450. If it doesn't reach this amount, I don't see us earning a huge profit.

Quote from: the_poet on February 04, 2016, 05:50:19 PM

Any particular reason?

I think that people get their salaries at the beginning of the month and people have started investing in bitcoin so the price normally increased.

what about it? it's just a small movement. this should be the normal for bitcoin. ask questions when we're sitting on one place for more than 3 days.

Quote from: bitebits on February 04, 2016, 09:31:36 PM

Quote from: the_poet on February 04, 2016, 05:50:19 PM

Any particular reason?

https://www.reddit.com/r/btc/comments/4442vk/bitcoin_classic_beta_2_released/

Plausible?

Plausible. It was time that we see something being done more noticeable on bitcoin development, and this is a nice leap forward.
It's either that, or the fact that the recent dump was artificial. Either way works for me, and weekend will show weather it will hold/keep pushing.

Quote from: alani123 on February 04, 2016, 08:25:46 PM

It might be that Gavin and Mike stopped saying that bitcoin is going to die for a couple of days.

Yeah, that's what I was thinking. It's not rising on the news, but rather a recent lack of negative news.

Quote from: bitebits on February 04, 2016, 09:31:36 PM

Quote from: the_poet on February 04, 2016, 05:50:19 PM

Any particular reason?

https://www.reddit.com/r/btc/comments/4442vk/bitcoin_classic_beta_2_released/

Plausible?

Shhh, don't say anything about all that stuff or it's gonna dump again!!

Don't try to find any particular reason why is going down or up for 10%.
When you see big greens or big reds open your eyes as much as you can..
News always come after you see all this..

Quote from: the_poet on February 04, 2016, 05:50:19 PM

Any particular reason?

There have been big buyers waiting to get in. There needed to be enough selling pressure to enable them to get into position.

Also, animal spirits in the capital markets in general are now swinging back to risk-seeking.

Aussie Dollar, NZ Dollar, SG Dollar, Canadian Dollar all up sharply in the past few days.