Whos pumping bitcoin now?

[choppork]

I don't believe it has much to do with pump and dump groups this time. In my opinion it's more about natural growth with bitcoin's fundamentals and technicals looking good. Bitcoin makes for a great investment nowadays, and after the halving more and more people started to realize this. Baby steps!

I wouldn't say it's "natural growth" because obviously someone pumped the market this week. It's not 'natural growth'. Natural growth should be a slow increase in the price. Not like this one. As I'm typing this reply, the market is starting to go down again. Maybe it's the classic pump and dump groups again. Who knows?

There's still November and December. We can literally say, "Brace yourselves, winter is coming." now and it's on the holidays when people start pumping the market again.

[Pierre 2]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

[bitjoin]

I don't believe it has much to do with pump and dump groups this time. In my opinion it's more about natural growth with bitcoin's fundamentals and technicals looking good. Bitcoin makes for a great investment nowadays, and after the halving more and more people started to realize this. Baby steps!

I wouldn't say it's "natural growth" because obviously someone pumped the market this week. It's not 'natural growth'. Natural growth should be a slow increase in the price. Not like this one. As I'm typing this reply, the market is starting to go down again. Maybe it's the classic pump and dump groups again. Who knows?

There's still November and December. We can literally say, "Brace yourselves, winter is coming." now and it's on the holidays when people start pumping the market again.

The exact jumps in price up or down dont relate to "natural growth" in the bigger picture.  This move up could just as easy be bitcoin catching up to where its supposed to be. 

Lets not forget bitcoin is here to change the world the natural purchasing power of 1 single bitcoin would be huge.  We are already behind stuck at a pathetic $700 bitcoin which wont make any social change at that price.

[amacar2]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

Both pump and dumps are likely in few months ago also price was showing really nice uptrend but gone through big dumps due to bitfinex hack. So if there will be no such hacks of million $ worth bitcoin or similar things chances of price getting dumped hardly is really low, looking at the current support level bitcoin have.

[lionheart78]

I don't believe it has much to do with pump and dump groups this time. In my opinion it's more about natural growth with bitcoin's fundamentals and technicals looking good. Bitcoin makes for a great investment nowadays, and after the halving more and more people started to realize this. Baby steps!

I wouldn't say it's "natural growth" because obviously someone pumped the market this week. It's not 'natural growth'. Natural growth should be a slow increase in the price. Not like this one. As I'm typing this reply, the market is starting to go down again. Maybe it's the classic pump and dump groups again. Who knows?

There's still November and December. We can literally say, "Brace yourselves, winter is coming." now and it's on the holidays when people start pumping the market again.

The exact jumps in price up or down dont relate to "natural growth" in the bigger picture.  This move up could just as easy be bitcoin catching up to where its supposed to be. 

Lets not forget bitcoin is here to change the world the natural purchasing power of 1 single bitcoin would be huge.  We are already behind stuck at a pathetic $700 bitcoin which wont make any social change at that price.

I agree the ups and downs of bitcoin price is the natural growth probably to the bigger picture.  As long as there is no bad press, we can see this price in an uptrend phase. In addition to this, there are upcoming updates that will at least covers the issue about the confirmation delays of bitcoin.  If the implementation is successful and it is working fine, we can see another big rise to Bitcoin.

[TERA]

A few percents per day IS slow for Bitcoin, very slow. If you were in 2011-2013 you would regularly see days where the price jumped +33% in a day. Back then we would debate whether the 33% jump was natural and say the a "slow natural growth" might be just a few percent per day.

[CoinCidental]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

very true
coin scarcity is coming into play

there are a lot less spare coins kicking around than there used to be
some people estimate that 30% of bitcoins maybe lost in the early days
and coins are thus much more scarce than they appear

there will enevitably be some dumping at 700 and 800 but thats fine ,those people wont be able to buy back in
when the price goes up over 1500-3000 and it will hapen quicker than people thought possible when we reach that tipping point

[CoinCidental]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

Both pump and dumps are likely in few months ago also price was showing really nice uptrend but gone through big dumps due to bitfinex hack. So if there will be no such hacks of million $ worth bitcoin or similar things chances of price getting dumped hardly is really low, looking at the current support level bitcoin have.

bitfinex wasnt hacked ,unless you mean the ceo  hacked it into his own pocket lol

but there are fewer and fewer places if any where one could hack as many coins as that ever again

mt gox : 850,000 btc  in 2013
bitfinex:  120,000 btc  in 2016

______________ btc in 2017/18 (it will  have to be a much smaller number than previous hacks because there is less centralised failure points and people are more careful with their btc now than ever before only investing a  fraction % in any site etc instead of 100%

[1Referee]

A few percents per day IS slow for Bitcoin, very slow. If you were in 2011-2013 you would regularly see days where the price jumped +33% in a day. Back then we would debate whether the 33% jump was natural and say the a "slow natural growth" might be just a few percent per day.

It's not slow, you have to look at it as being something that will be getting more normal with the time. The days where you would see huge daily price swings, are not relevant to the situation right now anymore. Right now there is much more money involved (things got more serious), traders and people holding Bitcoin matured (also their way of thinking), Bitcoin is being less (till the extend that it is barely) news sensitive, etc.

All things combined make the world of Bitcoin look different right now. I don't say that you should forget about heavy volatility from time to time, but we will surely experience more slow price movements in the coming years. I think it's a great thing as it might start to attract the average joe and more wealthy people to put money into Bitcoin. Stability is what they are looking for.

[serjent05]

A few percents per day IS slow for Bitcoin, very slow. If you were in 2011-2013 you would regularly see days where the price jumped +33% in a day. Back then we would debate whether the 33% jump was natural and say the a "slow natural growth" might be just a few percent per day.

It's not slow, you have to look at it as being something that will be getting more normal with the time. The days where you would see huge daily price swings, are not relevant to the situation right now anymore. Right now there is much more money involved (things got more serious), traders and people holding Bitcoin matured (also their way of thinking), Bitcoin is being less (till the extend that it is barely) news sensitive, etc.

All things combined make the world of Bitcoin look different right now. I don't say that you should forget about heavy volatility from time to time, but we will surely experience more slow price movements in the coming years. I think it's a great thing as it might start to attract the average joe and more wealthy people to put money into Bitcoin. Stability is what they are looking for.

Well people are used to a wild swing in price of bitcoin, so it is typical to have a slow obesrvation when bitcoin become a bit stable and increase in price in little percentages.  The fact that bitcoin is now taken seriously by either banks and large company simply means that bitcoin is gaining grounds and trust of the people.  We will see another wild swing in price and then slowly becoming stable when all those who want to jump in bitcoin trend had already have their seats.

[azguard]

A few percents per day IS slow for Bitcoin, very slow. If you were in 2011-2013 you would regularly see days where the price jumped +33% in a day. Back then we would debate whether the 33% jump was natural and say the a "slow natural growth" might be just a few percent per day.

It's not slow, you have to look at it as being something that will be getting more normal with the time. The days where you would see huge daily price swings, are not relevant to the situation right now anymore. Right now there is much more money involved (things got more serious), traders and people holding Bitcoin matured (also their way of thinking), Bitcoin is being less (till the extend that it is barely) news sensitive, etc.

All things combined make the world of Bitcoin look different right now. I don't say that you should forget about heavy volatility from time to time, but we will surely experience more slow price movements in the coming years. I think it's a great thing as it might start to attract the average joe and more wealthy people to put money into Bitcoin. Stability is what they are looking for.

sure things are serious at this point we have more companies involved and think that now they starting to accept bitcoin as good and stable value (currency)
this will be in next year or two more adopted so with this percentage in price go up or down i dont mind at all
it will be good in next period and most important is that price is stable

[chaser15]

sure things are serious at this point we have more companies involved and think that now they starting to accept bitcoin as good and stable value (currency)
this will be in next year or two more adopted so with this percentage in price go up or down i dont mind at all
it will be good in next period and most important is that price is stable

The price increase up to the point of surpassing the ATH may not reach if couple of years from now, most companies or any kinds of related things to that will adopt bitcoin at it's finest. Yes surely the demand will increase but somehow the usage will also increase, meaning most coins will now be circulated in the market resulting for a stable price.

What I want to happen is when that times happen, we are around in the correction that we may consider as a decent one, let' say close to around $1,000. Although this is just a speculation from the side of my mind, this is what I see when bitcoin reached the status of being most adopted.

[stomachgrowls]

As we  observe on the  bitcoins price  in previous days and  weeks   it really  does  increase its  price  on a good manner. As ive heard  on the news   chinese  do  buy  millions of bitcoins  and i think   its  one of the reason  why  bitcoins price  is  increasing  and   theres  no  manipulation here but a  pure adoption.

[ipanks]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

yup and there is a good movement on every market so we can enter to the market to make order buy bitcoin and make a profit on there. many people now want to buy bitcoin while the price is not going to high.

[CoinCidental]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

yup and there is a good movement on every market so we can enter to the market to make order buy bitcoin and make a profit on there. many people now want to buy bitcoin while the price is not going to high.

this may be one of the last opportunities to buy whole bitcoins under 800 and soon probably under $1k
ive seen it at $10 ,$100 ,$200 etc etc and $800 will be left behind us soon on our way to the dusty white surface of the moon

[romero121]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

This time the pumping of price is continuing due to the common bitcoin users. Lots and lots of people have known about the digital currency and its advantages as a currency and investment had started adopting it for their own goodness. This has caused a pump in price from the price around $650 which is now towards $750.

[Yuuto]

The question I would like to ask is does that really matter? Anyways, According to trading volume Huobi and OKcoin are the main exchanges in volume so I'd say that if there a country that is pumping bitcoin is probably China.

[TERA]

Bitcoin has a tendency to destabilize as soon as you think it "has become stable" or whatever.

[Monnt]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

Yes, the pump is natural and will continue in that trend because many people are been introduced daily into bitcoin and they all find it as a suitable means to invest their money heavily which guarantees handsome return. That must be reason why every hike is natural and will yield positive results on long term perspective too.

[BitcoinPC]

I guess this pump was made by people. I mean its naturally made by rational people.
I mean there wont be huge dump after this one. People believe in bitcoin.

Yes, the pump is natural and will continue in that trend because many people are been introduced daily into bitcoin and they all find it as a suitable means to invest their money heavily which guarantees handsome return. That must be reason why every hike is natural and will yield positive results on long term perspective too.

Absolutely right, I also same thinking about pump and dump, it is not strategically happened, it is naturally happened and who's happen, and that's we are peoples. Because bitcoin is world wild crypto currency, and huge people are using it and doing selling and buying, So that's why automatically price increase and down.