from 1200 to 1350 took only 4 minutes and still rising

[BTCLovingDude]

farewell cheap bitcoin  

Summary of what happened:




i randomly opened bitcoinwisdom to see what is happening and saw this:




edit: then made this topic to gloat and my beloved bitcoin and when i was done typing i saw this:




bitfinex vol: 6600BTC
bitstamp Vol: 4800BTC

and rising (right now it is at $1276)

[hector3115]

SEC decision leak?

[JakaE]

Triggered a massive sell-off by the looks of it. Looks like it's getting there again though.

[Jhanzo]

Back to 1250 now.  Pretty sure the whole thing took less than 15 minutes.  

[1Referee]

Wow! Seriously, I was about to shut down my notebook to head out, but now I am not going anywhere. Bitfinex went to $1336 and then directly to $1069 LOL! It's either someone that made a mistake, or this is pure manipulation, or this is the beginning of another rush.

[OnkelPaul]

Most likely there has been positive news on the ETF (I didn't see any, but I'm not following the news closely). Anyway, the short fall after the initial rise was probably from people who thought that this was a fluke and their last chance to sell their BTC for a decent price. How stupid of them 

Onkel Paul

[anvilc]

Possibly a pump and dump manipulation based on "expected" news.

[MiladMax]

wow wow wtf is going on??!

[btcmerich]

man was it a sight to  see , the greene dildo building up  150 USD price increase in 3 min. Imagine what will happen when ETF is approved.


Some one might correct me on this, but  according to the Securities Exchange Act of 1934   if no answer from SEC before the deadline means approval by default.

[anvilc]

Correct, however the technical deadline is Monday, March 13th (due to Federal Register rules). That said, I also read that the SEC will be handing out the decision today.

[Dakustaking76]

Wtf is happening with the price

[Xiadas]

Most likely there has been positive news on the ETF (I didn't see any, but I'm not following the news closely). Anyway, the short fall after the initial rise was probably from people who thought that this was a fluke and their last chance to sell their BTC for a decent price. How stupid of them 

Onkel Paul

If that is the case, ie news leak before the announcement, should that be a kind of inside trading?

[btc_zep]

dont think its the ETF

China apparently set out a list of rules. I'm still looking for it ....

Here is one piece: PBoC’s Governor：Highly encourages Blockchain innovation but risks should be considered
http://news.8btc.com/pbocs-governor%EF%BC%9Ahighly-encourages-blockchain-innovation-but-risks-should-be-considered

[bitcoinvest]

Seriously ? what just happened? i searched all the forum and all the main bitcoin news  websites. NO information at all anywhere?

any news? not rumors i mean. do we have real news?

[btcmerich]

Seriously ? what just happened? i searched all the forum and all the main bitcoin news  websites. NO information at all anywhere?

any news? not rumors i mean. do we have real news?

No news but maybe talks about ETF being approved by default today have started  the buys at higher price. We also have Federal Reserve wanting to raise interest rates next week and that can also be a factor

[bitcoinvest]

Seriously ? what just happened? i searched all the forum and all the main bitcoin news  websites. NO information at all anywhere?

any news? not rumors i mean. do we have real news?

No news but maybe talks about ETF being approved by default today have started  the buys at higher price. We also have Federal Reserve wanting to raise interest rates next week and that can also be a factor

You got me blind on that Federal Reserve interest rates thing. What this have to do with Bitcoin? Is somehow connected??

[Arcteryx]

Wow! Seriously, I was about to shut down my notebook to head out, but now I am not going anywhere. Bitfinex went to $1336 and then directly to $1069 LOL! It's either someone that made a mistake, or this is pure manipulation, or this is the beginning of another rush.

Wha?!
Something major is happening now. Cause I see it on exchanges for $1245 then now it is on bitstamp for $1271.
It is all over the map. So has the news of Etf come early or something to cause all this $40-100 difference in mere minutes?

[bitcoinvest]

Wow! Seriously, I was about to shut down my notebook to head out, but now I am not going anywhere. Bitfinex went to $1336 and then directly to $1069 LOL! It's either someone that made a mistake, or this is pure manipulation, or this is the beginning of another rush.

Wha?!
Something major is happening now. Cause I see it on exchanges for $1245 then now it is on bitstamp for $1271.
It is all over the map. So has the news of Etf come early or something to cause all this $40-100 difference in mere minutes?

I think it is live here: https://www.sec.gov/video/live/2373689294677-evidence-summit-031017.htm

I think we are going to have the result in LIVE!!! as soon as we have yes or no enjoy the battle!!!

[CjMapope]

o nice!   its so great to be a part of a monatary system that only goes up long term

We really are/going to be the new wealthy elite gentlemen! 

And to think how many people still think "BTC is a scam" haha.  For me its even more exciting as its 1700+ per coin in my dollars
The EFT will pass, either by default or not, i believe!

[bitjoin]

Why would someone pump the price up but then dump down below what the price originally was, makes no sense, that whale cost themselves hundreds of K.