wtf is going on?!

[banker11]

Someone informed, inform me. Please. As of February 18 2016, what at this current moment is driving the bitcoin value, if anyone has any ideas. Next climb? Support level?!

[electronicash]

Someone informed, inform me. Please. As of February 18 2016, what at this current moment is driving the bitcoin value, if anyone has any ideas. Next climb? Support level?!

Every bit of news about bitcoin actually seem to have an effect to its value, the hospital computer hacker may even have an effect.. just read the threads in this section and you'll see some that mentions why a sudden move of price.
Also check the popular blogs like coindesk and the rest.

[romero121]

Someone informed, inform me. Please. As of February 18 2016, what at this current moment is driving the bitcoin value, if anyone has any ideas. Next climb? Support level?!

The growth of bitcoin and increase in the price is due to the markets that are facing growth. You make it clear of your question
whether asking What the F**k going on or what the fast bitcoin going on?

[--Encrypted--]

ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).

[nichu]

ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).

few weeks it was doge and now ether, these pump and dump does occur now and then and that it keeps on happening

[SFR10]

Well I believe the support level was at about %375 wherein it settled there for some time before starting to go up recently. The only reason that I could see that might had an impact was regarding the hospital funding that hacker but other factors could also come into consideration like increase in demand or maybe another whale manipulating the market (hopefully not).

[trinaldao]

Someone informed, inform me. Please. As of February 18 2016, what at this current moment is driving the bitcoin value, if anyone has any ideas. Next climb? Support level?!

okey the next Climb is february 30  2016 #kidding
i think it's very hard to predict bitcoin with 100% right, more people says bitcoin will be up before block halving, and im sure it we can reach $500, $600, 4700 maybe $1000

[Cyaren]

Someone informed, inform me. Please. As of February 18 2016, what at this current moment is driving the bitcoin value, if anyone has any ideas. Next climb? Support level?!

It's nothing surprising, BTC values were undervalued for a long time now. I think new floor is around $390 for the moment.

[NorrisK]

ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).

How will dumping ETH help the bitcoin price? It is not like people are buying more bitcoin after dumping bitcoin, they are actually holding the bitcoins then.

In my view it would be more logical if the bitcoin price dropped due to people cashing out their ETH profits for fiat.

Guess the market is just recovering from the Hearn news and is now headed back in the orignial direction, which is over 500.

[--Encrypted--]

ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).

How will dumping ETH help the bitcoin price? It is not like people are buying more bitcoin after dumping bitcoin, they are actually holding the bitcoins then.

actually when people dump altcoin their first choice is always btc or fiat. so sell ETH -> buy BTC/fiat. some people who will get no profit because they bought ETH just before it went down will look for other options, while the ones who believe they can secure profit in BTC will go with BTC.
simply look at the volume of ETH/BTC on some exchanges.

there are of course other possibilities. but this one is the most logical conclusion because the price started to climb when ETH went down.

[Fabrizio89]

Either ETH or shorts closing, beware of the hype

[yugo23]

ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).

It was to be expected. I don't know how people could have invested in this so massively and so fast.... When you have an investment with 250% growth you KNOW it can't be stable...

[Amph]

you should not ask why the price is moving up, because thats normal, what was not normal was the dump under 400, instigated by fud like mike hearn and crap like that

[chaser15]

Someone informed, inform me. Please. As of February 18 2016, what at this current moment is driving the bitcoin value, if anyone has any ideas. Next climb? Support level?!

Actually no one can answer you precisely. Reading others speculation might lead you to so much different ideas.

Just ride the current price trend of price. The result will be ride away or washed away. Be ready.

[Dekker3D]

Traders don't have anywhere to go right now with what's going on with ETH so everybody's fund is in BTC.

[MatTheCat]

ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).

What a lot of shite.

People buy BTC...and with that, they buy BTC....

When people cash out of ETH...they cash out into BTC....if those people who made a killing in ETH wanted to really cash out....then this is bad for Bitcoin, cos they would sell ETH for BTC, and then BTC for USD.

Every bit of news about bitcoin actually seem to have an effect to its value, the hospital computer hacker may even have an effect.. just read the threads in this section and you'll see some that mentions why a sudden move of price.
Also check the popular blogs like coindesk and the rest.

This is possible.

If 'they' think that the hopsital authorites are going to be forced to cave into the hacker and buy around 7500 BTC (this is real purchasing....not en-exchange volume ramping or traders back n forth between positions), then 'they' are likely to want to make the hopsital pay as much as possible for those Bitcoin. Why allow the hopsital to buy the BTC for $480, when you can charge em $430?

Edit: I see the hospital have reportedly paid the hackers $17'000 in BTC. I wouldnt have expected them to have admited to paying them anything. I wonder how much they really forked over.

[NeuroticFish]

Europe is near to the point to fail.
China markets are a bad joke.

People that want to invest moved to something else. Bitcoin.
It may last or not... we'll see. Bitcoin is still under-valuated at this price.

[MatTheCat]

Europe is near to the point to fail.
China markets are a bad joke.

People that want to invest moved to something else. Bitcoin.
It may last or not... we'll see. Bitcoin is still under-valuated at this price.

.....and how is it undervalued?

Over $400 for a piece of fucking computer code.....'undervalued' you say?

Bitcoin is a high risk, highly unstable, brazen gravy train venture.....don't go deluding yourself otherwise.

Jump on by all means, but be prepared to jump off at the right moment, otherwise, you will be toast......(the majority who get involved with Bitcoin will lose.....that is a certainty and a fact of markets and life that provides opportunity to the minority)

[--Encrypted--]

When people cash out of ETH...they cash out into BTC....if those people who made a killing in ETH wanted to really cash out....then this is bad for Bitcoin, cos they would sell ETH for BTC, and then BTC for USD.

bad or not, it's still a high possibility.

Every bit of news about bitcoin actually seem to have an effect to its value, the hospital computer hacker may even have an effect.. just read the threads in this section and you'll see some that mentions why a sudden move of price.
Also check the popular blogs like coindesk and the rest.

oh come on. 40 btc is too small amount to make a dent on the price. and the news is not exactly good enough to trigger a rise either.

[MatTheCat]

When people cash out of ETH...they cash out into BTC....if those people who made a killing in ETH wanted to really cash out....then this is bad for Bitcoin, cos they would sell ETH for BTC, and then BTC for USD.

bad or not, it's still a high possibility.

Every bit of news about bitcoin actually seem to have an effect to its value, the hospital computer hacker may even have an effect.. just read the threads in this section and you'll see some that mentions why a sudden move of price.
Also check the popular blogs like coindesk and the rest.

oh come on. 40 btc is too small amount to make a dent on the price. and the news is not exactly good enough to trigger a rise either.

Unless the Hospital are lying (for obvious reasons), and they did indeed pay the hackers thier 3.4 Million USD?

What are they gonna do?

Just let patients lie around in hopsital without medical staff having access to what the fuck is wrong with them, what medication they are on, etc etc?

The hospital either paid the hackers their 3.4 Million, most of the 3.4 million, or the hackers had a turn of heart, a crisis of conscience at depriving a lot of patients from their medical treatment, and caved in and accepted only 40 BTC for all their troubles, and risk of lengthy prison sentences.