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Bitcoin Forum > Economy > Economics > Speculation > What caused the recent price increase ?
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rekinthis
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February 28, 2016, 09:33:12 AM
 #41
china market  i think, way too early for halving, and pump and dump won't count as price increase, so it's probalby because china market, because they accepts bitcoins
 
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March 06, 2016, 03:55:29 PM
 #42
What caused the recent price drop? The price dropped from $450 to below $400 in just a few days. That is quite big drop.
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March 06, 2016, 06:06:08 PM
 #43
Quote from: Xember on March 06, 2016, 03:55:29 PM
What caused the recent price drop? The price dropped from $450 to below $400 in just a few days. That is quite big drop.

1/9 only, not really that big, 10% swings is pretty normal on bitcoin, a 30% drop would have been big but it did not happened

and anyway we are heading again toward 420
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March 06, 2016, 11:03:02 PM
 #44
Quote from: Amph on March 06, 2016, 06:06:08 PM
Quote from: Xember on March 06, 2016, 03:55:29 PM
What caused the recent price drop? The price dropped from $450 to below $400 in just a few days. That is quite big drop.

1/9 only, not really that big, 10% swings is pretty normal on bitcoin, a 30% drop would have been big but it did not happened

and anyway we are heading again toward 420

Yeah for bitcoin it's pretty normal to have big increases/ decreases. In stock trading this is very unlikely but since bitcoin is controlled by a small group of whales they can do whatever they want with the price. And right now they feel it should be worth over 400 dollar.
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March 07, 2016, 05:59:02 AM
 #45
Quote from: Hashminers on March 06, 2016, 11:03:02 PM
Quote from: Amph on March 06, 2016, 06:06:08 PM
Quote from: Xember on March 06, 2016, 03:55:29 PM
What caused the recent price drop? The price dropped from $450 to below $400 in just a few days. That is quite big drop.

1/9 only, not really that big, 10% swings is pretty normal on bitcoin, a 30% drop would have been big but it did not happened

and anyway we are heading again toward 420

Yeah for bitcoin it's pretty normal to have big increases/ decreases. In stock trading this is very unlikely but since bitcoin is controlled by a small group of whales they can do whatever they want with the price. And right now they feel it should be worth over 400 dollar.

Those whales are really the trend setter for the price of btc...
Ofcourse they wont allow the price to be soaring down for good...
They are just gather what they cant before the halving..
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