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Author Topic: So.. Why the SUDDEN RISE in bitcoin After Xmax?  (Read 977 times)
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February 15, 2017, 09:56:53 AM
 #1

I'm sorry about this question i'm just being curious;

so why the sudden increase especially after the christmas holiday?

Thanks
Bitcseo

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February 15, 2017, 10:13:12 AM
 #2

increase in what?
price? adoption? number of transactions? fees? number of altcoins? services? news?
each of these things have different reason, so tell us which one was in your mind!














 

 

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February 15, 2017, 10:24:44 AM
 #3

I'm sorry about this question i'm just being curious;

so why the sudden increase especially after the christmas holiday?

Thanks
Bitcseo

Are you referring to the price or value of bitcoin after Christmas season? Last January there is a sudden volatility the price went up very fast reaching up to 1000$ but it also went down very fast. The primary suspect were the Chinese Exchangers, they are faking their bitcoin volumes and they are responsible for manipulating the market. But I am glad that the PBOC had conducted an inspection and those horrible deeds by Chinese exchangers had stopped and return to normal. Thanks to that bitcoin has normally back to the 1000$ price per bitcoin without any malicious interventions coming from the CHinese exchanges.

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February 15, 2017, 11:56:16 AM
 #4

As mentioned in a quote this time the price movement took place due to the China's faking exchange volume, but this doesn't last long. And after the sudden growth just due to the inspection the price once again fell and now the real increase has been taking place.

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February 15, 2017, 12:04:04 PM
 #5

I'm sorry about this question i'm just being curious;

so why the sudden increase especially after the christmas holiday?

Thanks
Bitcseo

Are you referring to the price or value of bitcoin after Christmas season? Last January there is a sudden volatility the price went up very fast reaching up to 1000$ but it also went down very fast. The primary suspect were the Chinese Exchangers, they are faking their bitcoin volumes and they are responsible for manipulating the market. But I am glad that the PBOC had conducted an inspection and those horrible deeds by Chinese exchangers had stopped and return to normal. Thanks to that bitcoin has normally back to the 1000$ price per bitcoin without any malicious interventions coming from the CHinese exchanges.

Ok, yes, i was actually talking about the increase in price. Cool Cool Cool

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February 15, 2017, 12:04:41 PM
 #6

increase in what?
price? adoption? number of transactions? fees? number of altcoins? services? news?
each of these things have different reason, so tell us which one was in your mind!


Increase in price!  Cool Cool

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February 15, 2017, 01:44:03 PM
 #7

It's always the same thing.
December and the beginning of January you got a great volatility.
And most of the time it's an up volatility.
More sales, more use of btc...
Always like this.


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February 15, 2017, 03:11:17 PM
 #8

It's always due to just speculations and because, some people believe, that there are people manipulating the prices and the whales are pumping the prices of bitcoins so that they can cash out big. Well if it was true, they were successful and we have seen that unfold a few weeks back when the prices dropped from $1,100.

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February 15, 2017, 03:17:54 PM
 #9

Sudden rise?  Then one thing comes through my mind that the demand for bitcoin or adoption of bitcoin does increase that's why its price pump up but still we should really expect price drops big time because of unexpected negative news that do happen on bitcoin world.

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February 15, 2017, 03:27:16 PM
 #10

I'm sorry about this question i'm just being curious;

so why the sudden increase especially after the christmas holiday?

Thanks
Bitcseo
The price of bitcoin usually increases during the holiday season in December and it is an know fact among traders that every year it was like that and this year too it was not a big surprise but the biggest question was ,will it breach $1000 and if so how much long will it take for a correction .And as usual the Chinese intervened and brought the price down.

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February 15, 2017, 03:55:26 PM
 #11

I'm sorry about this question i'm just being curious;

so why the sudden increase especially after the christmas holiday?

Thanks
Bitcseo
Everything that related to bitcoin can make the price goes up or down.. it could be because of high demands, no huge dump and ,new adopters if bitcoun all over the world.

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February 15, 2017, 03:57:17 PM
 #12

That rise in price was not sudden but there was reason for happening this. US presidential election played an important role as whole world was afraid of Donald Trump's victory and was expecting to see some tougher and restrict rules. Many people preferred to convert their fortunes into Bitcoin seeing it new safe heaven and Chinese exchanges played their role. Thses both thing took the price above 1000$ exactly on the first day of new year.

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February 15, 2017, 03:58:29 PM
 #13

I'm sorry about this question i'm just being curious;

so why the sudden increase especially after the christmas holiday?

Thanks
Bitcseo

Not every end of year , bitcoin value reach like last year.
I think it's a matter of time when people getting interest on bitcoin power especially bitcoin amount getting halving made bitcoin become more valuable

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February 15, 2017, 04:56:07 PM
 #14

That rise in price was not sudden but there was reason for happening this. US presidential election played an important role as whole world was afraid of Donald Trump's victory and was expecting to see some tougher and restrict rules. Many people preferred to convert their fortunes into Bitcoin seeing it new safe heaven and Chinese exchanges played their role. Thses both thing took the price above 1000$ exactly on the first day of new year.

@jtalk, i think you have a point here.

People are feedup with political & economic deception. they prefer to be incharge, decide when to transfer whatever access they're having without much question.

I'll keep my eye on this comment.

Thanks
Bitcseo

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February 15, 2017, 07:00:54 PM
 #15

I also feel like there was bull trend for like a year,
it was speculative right after january, then it stabilized and now its consistent rise on demand.

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February 15, 2017, 07:07:38 PM
 #16

I'm sorry about this question i'm just being curious;

so why the sudden increase especially after the christmas holiday?

Thanks
Bitcseo

Halving effect or build up to ETF decision or both.
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February 15, 2017, 09:14:24 PM
 #17

There isnt a valid reason under the pumps that happens at Xmas, at 2015 it happened as well, from 250 to 350 if im not wrong, in that time people were using the halving to pump, and it worked, at 2016 Xmas looks like people wanna go shopping and used bitcoin pump to make it better. The fact there arent a reason why it happened on the last years, besides whales and miners use their power and influence to get an extra income.

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February 15, 2017, 09:16:28 PM
 #18

If you are asking about the increase of it's price I think the answer would be because of the huge amount of users who bought some bitcoin during those period of time,As the demand for bitcoin rise the price would also increase.

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marcuslong
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February 15, 2017, 09:54:00 PM
 #19

I'm sorry about this question i'm just being curious;

so why the sudden increase especially after the christmas holiday?

Thanks
Bitcseo
Its all because china exchange volume has been rise thats why the price of bitcoin last month is totaly high and then decrease a few days when you can see the graph also i think it because of what happen on the election in united states where the demand of bitcoin increase too.

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Mr.grin
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February 15, 2017, 10:09:55 PM
 #20

if you mean an increase in the price of bitcoin, it may be because of caused due to several things. like many people who buy bitcoin at the end of the year, to prepare for the increase in prices that occurred in January, they had predicted that it would happen. in addition, it may be the price increase was also influenced by some of the country's largest bitcoin users, such as china. exchangers from china so much making an effect on the price of bitcoin, especially this year.


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