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Author Topic: So.. Why the SUDDEN RISE in bitcoin After Xmax?  (Read 981 times)
pooya87
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February 16, 2017, 04:55:23 AM
 #21

there was not SUDDEN rise!
price was staying low, which i would like to call it "was being kept low by manipulations" and whenever it happens after the artificial pressure is removed, price goes up with a faster speed than normal. and going from 780 to $1000 was like this but then because $1000 was broken and it was more of a physiological barrier than a real barrier, price went higher. and obviously fast rises that become big, need a correction.

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February 16, 2017, 08:09:06 AM
 #22

you can say that it was for christmas but i can say that it was a delayed increase for the halving, the halving just happened few months back, it's not so difficult to think that it was related in someway

you have then that christmas helped of course and you can add all the other mini news that added up to additional increase
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February 16, 2017, 11:01:17 AM
 #23

you can say that it was for christmas but i can say that it was a delayed increase for the halving, the halving just happened few months back, it's not so difficult to think that it was related in someway

you have then that christmas helped of course and you can add all the other mini news that added up to additional increase

Yes last time I think the halving effect also kicked in around 6 months later.
The same we saw happening now.
Furthermore chinas attempts to intervene and surpressing the price is having less and less effects.They did it 3 times now, this year!
And now have a look at the charts. BTCC is around $969 while Stamp and Finex are over $1025!!
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February 16, 2017, 12:49:09 PM
 #24

you can say that it was for christmas but i can say that it was a delayed increase for the halving, the halving just happened few months back, it's not so difficult to think that it was related in someway

you have then that christmas helped of course and you can add all the other mini news that added up to additional increase

Yes last time I think the halving effect also kicked in around 6 months later.
The same we saw happening now.
Furthermore chinas attempts to intervene and surpressing the price is having less and less effects.They did it 3 times now, this year!
And now have a look at the charts. BTCC is around $969 while Stamp and Finex are over $1025!!
Which means bitcoin price does increase no matter what even there are news which makes price dips which is really unexpected to happen but we cant really stop those circumstances because no matter how we hate it we cant avoid or stop it to happen.


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in
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February 27, 2017, 05:22:50 PM
 #25

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, You are right!!

"....US presidential election played an important role.." might have contrinìbuted to this increase! Shocked

And, if this is true; it means will continue to see INCREASE IN BITCOIN! As you can see from the current exchange rate.

I'm making series of research in regard's to this increase. it's not just based on chineese manipluation's; which i think it may have partially influence the increase in bitcoins.

But, there are MORE Shocked reason to this; why bitcoin will keep increase during the leadership of Trump. I'm conducting series of research in order to connect this properly.

Also, i know most successful people like trump don't SAVE, they like to invest in any currency that increases over a period of time (HEDGING). And, virtual currency like bitcoin is not excepted




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May 06, 2017, 04:06:15 AM
 #26

As the buying amount have increased to a much bigger extend thats why there is sudden increase in the price of bitcoins,well now you might have seen that the price of bitcoins suddenly increased by 300$ ,as the demand for bitcoins is increasing day  by day and in the near future the price hike will be more huge in a little span of time.
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