What caused the recent price increase ?

[OmegaStarScream]

I can't seem to understand , It was so stable then suddenly and without anything (nothing that I'm aware of) price increased . If I'm not wrong It was 380$ yesterday morning or the day before it , then at the end of day It reached 410$ ~ .

[Mickeyb]

Pump as usual, I'm expecting the price to drop down to 300 after the dump . "You must be new here"

[Ya-ing]

Do not think these news have enough weight but... could be this? http://www.coindesk.com/bitcoin-classic-publish-code-block-size/

Perhaps that triggered some hope in some sectors.

[OmegaStarScream]

Pump as usual, I'm expecting the price to drop down to 300 after the dump . "You must be new here"

I'm not new here but I have to say that Bitcoin market is not stable at all , I most of the time don't understand what's going to the price honestly , let's take for example the rumors about Steam accepting Bitcoin ... that didn't change anything to the price , not even little bit while It should .. logically.

[Mickeyb]

Do not think these news have enough weight but... could be this? http://www.coindesk.com/bitcoin-classic-publish-code-block-size/

Perhaps that triggered some hope in some sectors.

FUD making people buy at a higher price doesn't make sense, and its been going for weeks if not months.

Pump as usual, I'm expecting the price to drop down to 300 after the dump . "You must be new here"

I'm not new here but I have to say that Bitcoin market is not stable at all , I most of the time don't understand what's going to the price honestly , let's take for example the rumors about Steam accepting Bitcoin ... that didn't change anything to the price , not even little bit while It should .. logically.

I think of it as some geeky rich guy, enjoying toying with the Market.

[--Encrypted--]

could be because of that news Ya-ing posted above, or whales pumping the price in hope of gaining some momentum, or maybe because some people want to send bitcoin instead of giving chocolates for this valentine.
the point is, we won't know for sure.  

btw the price was around $390-$400 yesterday.

[talks_cheep]

I bought some bitcoins the other day, didn't mean to pump it. 

[uki]

I can't seem to understand , It was so stable then suddenly and without anything (nothing that I'm aware of) price increased . If I'm not wrong It was 380$ yesterday morning or the day before it , then at the end of day It reached 410$ ~ .

I beleive you should know by now that bitcoin can rise or fall at no news by $20-30 (which is still less than 10%) and that is perfectly normal. Currently we are in the horizontal channel between $350 and $415 and a rise from a middle of such channel to its lower or upper band (as in this recent example) is nothing surprising. Now we should be stopped by the upper band of the channel, and if there are no positive news, return back to where we were previously.

[harizen]

This isn't a price increase. It's just jumped by a little percentage and that is a normal one.

No manipulators move here 100%. All are just normal market move.

[freakying99]

This isn't a price increase. It's just jumped by a little percentage and that is a normal one.

No manipulators move here 100%. All are just normal market move.

Do you think that the price simply doubling or achieving some value that should still be profitable for mining is not manipulation ? loll

[Amph]

i believe it has to do with some hands panic selling on eth and investing on bitcoin

you see there was a small dump on ethereum and a small increase on bitcoin, when altcoin get dumped the first option is always bitcoin

[john2231]

i believe it has to do with some hands panic selling on eth and investing on bitcoin

you see there was a small dump on ethereum and a small increase on bitcoin, when altcoin get dumped the first option is always bitcoin

Well i think this is the reason why the value of bitcoin is increasing and now its stable to 400 above.. But sooner or later bitcoin will increasing more if the price of ethereum going down .And i think Investors sell their ethereum to bitcoin. so the the price of bitcoin will be increase..

[jaberwock]

The end of the chinese new year, I think.

But I don't know if this was a natural growth or just a pretext for a pump

[MF Doom]

negative interest rates are being "studied" and even implemented in some countries.  Gold is going up, btc is following.

[JimboToronto]

This price rise is nothing more than a return to where it was before the Mike Hearn tantrum.

The price stable? In the past 6 months it has gone from under $200 to over $500, back down to under $300 and back up to over $450, down to $350 and back up over $400 again. That's hardly stable. It's a freaking roller coaster.

[Denker]

Why does there always have to be a reason for a price rise?!
It was just a small jump to 407 at peak and is down now to 400 again.
We've seen this a thousand times.It's just the market, more buyers than sellers.Some guys took profits and so on and so on.

[uki]

This price rise is nothing more than a return to where it was before the Mike Hearn tantrum.

The price stable? In the past 6 months it has gone from under $200 to over $500, back down to under $300 and back up to over $450, down to $350 and back up over $400 again. That's hardly stable. It's a freaking roller coaster.

I see price action differently. It is actually very positive, both if you are day-trader (or short term minded) and for long-term holders.
Short-term guys should be happy due to the moves you just mentioned. these were fantastic opportunities for chunky gains, if you got it correctly.
Long-term guys, got the reversal of the 18 month long bear, a positive change in sentiment that holds all the way from late summer 2015 till now.
And volatility? Well, that is Bitcoin (and in its early years), and volatility is part of this game. If you can't handle it, you may want to switch to some more mildly behaving assets.

[DeathAngel]

China have a long holiday for their New Year. As far as I'm aware they return to work today. Maybe this is the first time their banks are updating & releasing funds etc. Maybe China has been buying today.

[richardsNY]

China have a long holiday for their New Year. As far as I'm aware they return to work today. Maybe this is the first time their banks are updating & releasing funds etc. Maybe China has been buying today.

Chinese exchanges show $420 to be their current ticker price. I don't know why the other exchanges are struggling to keep the price at exactly $400. Do we need China to go to $450 in order to see the prices here at $410-$420!?

[NorrisK]

Don't forget that there are also more and more new people joining into bitcoin on a daily basis. Friends of mine who never talked about bitcoin are now talking about it and even buying bitcoin to buy eth for example.

Things are slowly changing in favor of cryptocurrency and bitcoin will reap the rewards first.