What caused the recent price increase ?

[pooya87]

since this is a small price rise it might be Chinese coming back to bitcoin once again. it can be some small news here and there like the rumor about steam accepting bitcoin.

and you should not forget, this is just coming back to the price it was a while back (~$450) the drama of Mike Hearn is past so the effect of it should wear off too.

[harizen]

Keep in mind that if Chinese pumpers or your so called beloved manipulators do the pumping move, the current price is really a dissapointment.

[Blind Legs Parker]

since this is a small price rise it might be Chinese coming back to bitcoin once again. it can be some small news here and there like the rumor about steam accepting bitcoin.

and you should not forget, this is just coming back to the price it was a while back (~$450) the drama of Mike Hearn is past so the effect of it should wear off too.

Yeah we're definitely not going sub-$350 anymore, now. I feared for a while, and it made me not dare to buy at that time, but now Mike Hearn is passed, Segwit is out and bitcoin is up. We might stagnate around $400 for some days but the next move is to get right back to $450 and maybe upper, who knows. It's buy time now.

[MatTheCat]

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.

99% of Bitcoin price movements have fuck all to do with 'news' events. Get that into your head and learn to stop being mystified by what Bitcoin does and does not do.

Bitcoin is a cornered market, and thus operated as a cash cow for the very few.....especially those who seem to operate behind the Chinese exchanges and/or control the mining farms out there. There is no good reason why Bitcoin is trading at $400, except for manipulation. Look at the Bitcoin chart....looks just the same as the chart for almost every other crypto out there....agreat big spike at the left of the chart, and a series of smaller spikes all the way across to the right of the chart. What drives all these cryptos? News? Or wild speculation with savvy pumpers n dumpers lurking around behind the scenes ready to take max profits?

If there is likely to be any clearly bullish fundamental news event, then BTC will be pumped well ahead of time. After all, if Bitcoin is going to be in the media or have some other reason which may result in the public coming into Bitcoin, then 'they' are going to want to ensure that the public pays top dollar for their Bitcoin, and will pump Bitcoin so that by the time the public come running in, they contribute towards the final spike, and then the sell off begins, 'despite the good news'. I am sure you have heard the saying "Buy the Rumour, Sell the News" before.

Journalists who report on financial issues, are generally not traders or financial experts, they are......'journalists'. Their job is to find a good story, and where none exists, just make one up and tag it on as though it somehow all made sense. If you are looking for 'news' reports in order to make sense of markets, then you are quite frankly, going to be forever fucked.

[Dekker3D]

Chinese New year being done as well as ETH dumps are probably two of the reasons why the price is steadily climbing.

[Asrael999]

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$ ~ .

Increase in Strength of Yuan , interpreted by the Chinese to be temporary - so while the Yuan has more purchasing power buy some bitcoin so you can sell for another currency later - also known as Capital flight.

Or another theory - end of New Year holidays in China means fiat can flow to the exchanges again so you get several days new purchasing power unleashed on the markets in one go.

[MatTheCat]

Chinese New year being done as well as ETH dumps are probably two of the reasons why the price is steadily climbing.

Ach shut the fuck up....

Really up to the eyballs with reading all the pure utter fucking drivel that gets posted on this forum.

THERE IS ABSOLUTELY NOTHING OUT OF THE ORDINARY HAPPENING IN BITCOIN RIGHT AT THIS MOMENT IN TIME!

[uki]

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.

We need more fundamental developments to attract new people, and thus new money, to Bitcoin. Having speculation hype due to halving is good for people who already in and know Bitcoin, but won't attract many new investors, and may even discourage these who are afraid of speculation and high volatility.

[The Sceptical Chymist]

It's either just random fluctuations or it went up because I sold some.  Lol

Probably noise or speculators pumping it due to the halving.

[BitMaxz]

I think the price is increasing because More ethereum dump from the market That's why the price is increasing.
And i think the value of the bitcoin will be decrease soon if the price of ethereum still increasing..

[richardsNY]

Chinese New year being done as well as ETH dumps are probably two of the reasons why the price is steadily climbing.

I don't think ETH has that much impact on the Bitcoin price. The price of ETH is constantly being manipulated with the same amount of coins which is around 4000 BTC. I guess the main people behind the coin are using the coins from the IPO to make huge loads of profit.

[Raimonn]

Movements of 5 to 10 % are normal on bitcoin market, traders like this lateral movements to earn some money, all the coins move, if you follow the market of dollar, yens or gold, you will see that every day changes its value. In bitcoin market this movements are higher.

[john2231]

It's just a nature of bitcoin that the price will rise and decrease. But about the market like cryptsy scandal before you will see the changes of the price when the cryptsy are down or scam..

[MF Doom]

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.

99% of Bitcoin price movements have fuck all to do with 'news' events. Get that into your head and learn to stop being mystified by what Bitcoin does and does not do.

Bitcoin is a cornered market, and thus operated as a cash cow for the very few.....especially those who seem to operate behind the Chinese exchanges and/or control the mining farms out there. There is no good reason why Bitcoin is trading at $400, except for manipulation. Look at the Bitcoin chart....looks just the same as the chart for almost every other crypto out there....agreat big spike at the left of the chart, and a series of smaller spikes all the way across to the right of the chart. What drives all these cryptos? News? Or wild speculation with savvy pumpers n dumpers lurking around behind the scenes ready to take max profits?

If there is likely to be any clearly bullish fundamental news event, then BTC will be pumped well ahead of time. After all, if Bitcoin is going to be in the media or have some other reason which may result in the public coming into Bitcoin, then 'they' are going to want to ensure that the public pays top dollar for their Bitcoin, and will pump Bitcoin so that by the time the public come running in, they contribute towards the final spike, and then the sell off begins, 'despite the good news'. I am sure you have heard the saying "Buy the Rumour, Sell the News" before.

Journalists who report on financial issues, are generally not traders or financial experts, they are......'journalists'. Their job is to find a good story, and where none exists, just make one up and tag it on as though it somehow all made sense. If you are looking for 'news' reports in order to make sense of markets, then you are quite frankly, going to be forever fucked.

I'd disagree with the first point, btc does seem to respond to news events, this summer was the first time in a while we broke bast the $250 range, when the whole Greece default situation was going on.  I think these type of events have some influence in btc price.

However, I do agree that the btc market is cornered, and can be swayed by large bag holders.  The market cap is only so big, and its small enough in fact that a few large bag holders (or possibly even just 1) can sway the price fairly easily.  I think thats why we sometimes see "news" related movement, but a lot of times is appears to be random manipulation.

[so98nn]

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$ ~ .

"buy" with rumors, sell with fact

[BruceLee007]

i guess people changed it, pump, it should fall soon, and then rise again, and fall again, like always

[Rickers]

The price rose because people think the block size will be increased soon. The price dropped because they found the 2MB rise will happen next year.

[fruitcommander]

i guess people changed it, pump, it should fall soon, and then rise again, and fall again, like always

That would be always a part of bitcoin process, as we cannot be sure what is the perfect price to buy bitcoins and to sell it, so if it has rise today it will fall again tomorrow.

[talks_cheep]

i guess people changed it, pump, it should fall soon, and then rise again, and fall again, like always

That would be always a part of bitcoin process, as we cannot be sure what is the perfect price to buy bitcoins and to sell it, so if it has rise today it will fall again tomorrow.

Actually it FELL yesterday, so expect a rise TOMORROW???

[NeuroticFish]

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$ ~ .

1. China market has fallen. Some may have bought Bitcoin instead.
2. The normal fluctuations, pump and dump.

It's such a small change you should not care too much about.