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bamboylee (OP)
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October 27, 2016, 10:36:04 AM |
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Before I sleep last night the price was just below 660, and now it is above 680. It even hit 690 at one point. It this a legit price increase or is it just a pump for the holiday? Why does bitcoin price seems to pump around this time of the year?
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Greenenergy
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October 27, 2016, 10:38:07 AM |
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There was alwways some pumps. Now, some group pumped it (because it can't be legit, too fast) and because it seems to stay, people are now entering in the game and making the money of the pumpers.
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Ted E. Bare
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October 27, 2016, 11:33:18 AM |
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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!
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senyorito123
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October 27, 2016, 11:39:41 AM |
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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 bitcoins' fundamentals and technicals looking good. Bitcoin makes for a great investment nowadays, and after the halving more and more people started to realize this.
Natural growth? Well i don't hear that thing but all i believe that bitcoin is based on demands, and for this event happening i think the growing adoption make the demands of bitcoin go increase and so for that the price stretch to the fullest thats why we can see some price uptrend for now, but this rally would be stopped if some bad news will spread, but since the price are going up we must grab it so we can enjoy the earning of this coin. |
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1Referee
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October 27, 2016, 11:44:16 AM |
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Why does bitcoin price seems to pump around this time of the year?
Probably because it happened last year, and the year before it as well. And in that regard people will just assume it will happen again, which you seem to think as well. As result you will see people anticipating on a likely break-out in the price by starting with buying up some "last minute" coins, in order to be ready to sell when the price really rockets up. Right now all pieces seem to fall in the right places. Sentiment is good, people seem to believe that the price will increase further, Segwit that might get activated this year, overall demand has increased a bit, etc. All these things combined make the market behave like it is doing right now. |
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BiTZeD
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October 27, 2016, 11:44:55 AM |
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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!
Too hard and rapid for me to be a natural growth. No, for me that's just a market effect, a lot of people that wake with the same idea of buying some bitcoins today. |
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buxlover
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October 27, 2016, 11:55:48 AM |
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Too hard and rapid for me to be a natural growth. No, for me that's just a market effect, a lot of people that wake with the same idea of buying some bitcoins today.
I too think its not natural growth, Some groups are trying to pump the bitcoin or they desperately needed bitcoin for some operations. This sudden rise because of some group from china buying more and more bitcoins, I really wonder who they are and why they need so much bitcoins, which had pumped the rate by $100 within 2 days. I hope there will be a little fall back in price after they achieved their bitcoin mark(requirement) |
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bamboylee (OP)
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October 27, 2016, 12:23:17 PM |
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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 want to believe it is a natural growth but it is just too fast paced to be a natural growth. Anyway, if this continues, people will start dumping again for a quick profit and everything will go back to where it started, hopefully not below 600. |
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Denker
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October 27, 2016, 12:37:55 PM |
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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 want to believe it is a natural growth but it is just too fast paced to be a natural growth. Anyway, if this continues, people will start dumping again for a quick profit and everything will go back to where it started, hopefully not below 600. I don't think bigger dump will happen. A price range of 675 to 680 could become the new support level before trying to break the 700. The growth of the last weeks and months are looking really healthy imo. We move up, correct and repeat it again and again. @ OP What role does it play who is behind the run? It could just be the market. I don't think there is some special kind of agenda or group behind that upwards movement. Ok maybe it's China! China!China!  |
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2017Bubble
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October 27, 2016, 12:40:19 PM |
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Me, but to much resistance at 690, will try again tomorrow.
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Tzupy
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October 27, 2016, 12:49:29 PM |
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China pumps, others try to follow. It's a normal market movement, if it will stop qt 780$, then it will go sideways and
correct for a couple of months, followed by a new slow uptrend and a rally.
If it will break resistance at 790$, then a top of about 1300$ is possible, followed by a 40% correction.
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Sometimes, if it looks too bullish, it's actually bearish
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crairezx20
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October 27, 2016, 12:56:21 PM |
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Before i was shock to see that the price is increasing but right now its just a normal price pump i told you that it will be the same as last year before or after november we will experience a price pump or price increase that was happening right now and i think 700 value will happen this coming month.
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talks_cheep
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October 27, 2016, 12:59:50 PM |
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I agree to a degree. I've been saying btc will rise to about 900 by the end of 2016. It's the end-of-year rise for btc. I just don't think we will see 1000, though. It's almost impossible, 900 isn't insurmountable.
Having said it, Get Ready For a Big Crash in January 2017!!! You Have Been Warned!!!
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iqlimasyadiqa
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October 27, 2016, 01:16:24 PM |
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Before I sleep last night the price was just below 660, and now it is above 680. It even hit 690 at one point. It this a legit price increase or is it just a pump for the holiday? Why does bitcoin price seems to pump around this time of the year?
I'm not sure who did it. however I think that the price of bitcoin increased due to the use of more widely used. High growth and development makes bitcoin sought after by many people. |
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LFC_Bitcoin
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#1 VIP Crypto Casino
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October 27, 2016, 01:19:57 PM |
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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!
Baby steps indeed, in the long run this is nothing. Those of us who HODL need to stay strong & not sell our coins then we will be rewarded in years to come for our patience. |
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Barbut
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October 27, 2016, 01:30:04 PM |
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Natural rise, maybe? Why there is always need to be some pump and dump, there can he just rise in demand. While I'm writing this I reminded about arrival that I saw
'Some governments are buying bitcoins and holding them for possible ransom requests in the future.'
Maybe this is the reason for increased demand and price.
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senyorito123
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October 27, 2016, 01:35:49 PM |
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Before I sleep last night the price was just below 660, and now it is above 680. It even hit 690 at one point. It this a legit price increase or is it just a pump for the holiday? Why does bitcoin price seems to pump around this time of the year?
I'm not sure who did it. however I think that the price of bitcoin increased due to the use of more widely used. High growth and development makes bitcoin sought after by many people. Whoever did this will its really great to see the result of there doings and i think the earnings we can get for the price rise will still continue since the price still climbing up for more, and maybe we can still contribute to this one if we select to hold and to buy some, 700$ price mark are almost been achieved, so better we should watch and monitor to earn and we surely not late for such events if something bad happen to the bitcoins price. |
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bamboylee (OP)
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October 27, 2016, 01:41:37 PM |
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@ OP What role does it play who is behind the run? It could just be the market. I don't think there is some special kind of agenda or group behind that upwards movement. Ok maybe it's China! China!China! I do not know the years before, but I think the same scenario happens last year around this time. So I thought there must be a force that is driving this price increase. But of course, I could be wrong and I am just imagining things. |
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marcuslong
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October 27, 2016, 02:17:36 PM |
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Before I sleep last night the price was just below 660, and now it is above 680. It even hit 690 at one point. It this a legit price increase or is it just a pump for the holiday? Why does bitcoin price seems to pump around this time of the year?
I think there an spike happening on this november 9th i don't think so but in last year there an spike happens so that i think there are lot's of investors or businessman who really want to price increase not just them but for there company too it will hit the point of range of $700 |
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Kotone
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October 27, 2016, 02:56:15 PM |
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Before I sleep last night the price was just below 660, and now it is above 680. It even hit 690 at one point. It this a legit price increase or is it just a pump for the holiday? Why does bitcoin price seems to pump around this time of the year?
Same before i sleep last night i just view the bitcoin price in preev then seeing now the bitcoin price is now at $681 dollars this is really awesome if bitcoin price will increase tomorrow by chance then it will beturn into $690 for sure growing bitcoin price every 24 hours past this is really great. |
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