This massive price increase in seconds shows us something

[pereira4]

What it does it shows us, you ask?

Well, very simple: This shows how easy the price of bitcoin can be pumped if there is FOMO. So imagine that big pockets move small amounts of their portfolios into bitcoin. Even without a ETF, we would be in $10,000+ in DAYS with continued FOMO.

People forget the marketcap for bitcoin is tiny, and rises can look like massive green candles easily.

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[york780]

1 btc = 10K at the end of the year, and 100 K at in 2020. Confirmed. No i dont use facts , look at the f**king chart

[supercops]

Sellers are having a field day! 

[btcmerich]

Sellers are having a field day! 

right, there will always be sellers and buyers but what i do not get is why sell at this moment at a lower price .

[MatDerKater]

What it does it shows us, you ask?

Well, very simple: This shows how easy the price of bitcoin can be pumped if there is FOMO. So imagine that big pockets move small amounts of their portfolios into bitcoin. Even without a ETF, we would be in $10,000+ in DAYS with continued FOMO.

People forget the marketcap for bitcoin is tiny, and rises can look like massive green candles easily.

It shows us how easily Stop Buy, and Stop Sell orders can be triggered by exchange insiders.

On Stamp, a big bunch of break out Stop Buy Orders were triggered. On Finex, where they have margin trading, Stop Orders on both the long and the short side of the equation were triggered, hence the total wipe out candle on that exchange.

Currently, Bitcoin is just a few 0.X% above where it was when the shenanigans started, but a whole bunch of Bitcoiners are considerably poorer, with a very 'special' select few being much richer.

total fkn smash n grab. If Bitcoin were regulated, this would be getting investigated.

[BrewMaster]

What it does it shows us, you ask?

Well, very simple: This shows how easy the price of bitcoin can be pumped if there is FOMO. So imagine that big pockets move small amounts of their portfolios into bitcoin. Even without a ETF, we would be in $10,000+ in DAYS with continued FOMO.

People forget the marketcap for bitcoin is tiny, and rises can look like massive green candles easily.

NO.
you are confusing market cap size with orderbook size.

this is the clear example that the exchanges and their orderbooks are too small to handle a moderate amount of sell/buy.

and no price can not go to $10,000 in days the same way it can not go to $100 in days because there is always resistances. there are lots of order triggers that will kick in and there are even more alerts that will lead to people act on them by depositing fiat/bitcoin and buy/sell respectively.
in the end it will be slowed down.

[hector3115]

After watching that today, it is not of the question for $2,000 to be touched TODAY if ETF is approved.  I think the bigger gains would come in the weeks to follow as it begins trading.

However, ETF rejected will probably result in sharp jolting selloff that will probably get into the 700's before spiking back up to around $900.

Thats my prediction, hopefully we get some long awaited clarity today.

[btcmerich]

it did also show, today  the tree is shaken harder then normal. Market is being played harder today,  a spike and then 1 hour later the price is going back to where it started.

Thinking that we will reach 10k in matter of days is just impossible even if ETF gets approved and hype kicks in at higher gear it will not happen. highest we will go based on a yes will be 1500-1800USD and that is not bad if we can keep that level for couple of months and build support

[supercops]

Sellers are having a field day!  

right, there will always be sellers and buyers but what i do not get is why sell at this moment at a lower price .

Well the aftermath of this ETF denial has shaken the tree and dropped the price.
But now today is when the recovery process begins.
It is nearing $1100 again since it's massive drop to $986 just a week or two ago.
Being the last day of this roller coaster month I think it will stabilize now and will keep above $1100 going forward.
Let's all hope it does that is!

[Karpeles]

Usually when people create threads about moon and FOMO then it is a sign of a correction sooner or later, and all because of a rise of a few dozen of dollars

I would be careful now and I expect at least one more drop in the $900 and $800 in the next 2 or 3 months, then true recovery, unless something unexpected happens

[Ted E. Bare]

Usually when people create threads about moon and MOFO then it is a sign of a correction sooner or later, and all because of a rise of a few dozen of dollars

I would be careful now and I expect at least one more drop in the $900 and $800 in the next 2 or 3 months, then true recovery, unless something unexpected happens

mother fucker

[Killerpotleaf]

Usually when people create threads about moon and MOFO then it is a sign of a correction sooner or later, and all because of a rise of a few dozen of dollars

I would be careful now and I expect at least one more drop in the $900 and $800 in the next 2 or 3 months, then true recovery, unless something unexpected happens

mother fucker

FOMO MOFO 

[Killerpotleaf]

HODL, MOFO's gonna have FOMO and then we CCMF

[HabBear]

1 btc = 10K at the end of the year, and 100 K at in 2020. Confirmed. No i dont use facts , look at the f**king chart

Only if the fear exists...right now there is no fear of missing out. How does the initial rise get triggered to send waves of fear (of missing out) through the market place around the world?

[The Sceptical Chymist]

Don't know how much FOMO there was whilst plummeting from $1300 to $870 or wherever it was that we dropped down to before rebounding.  I agree that the market can be moved by big players and concerted effort(s) by a lot of different little players.  The market is relatively small, but it's bigger than your average penny stock (I think).

[pitham1]

1 btc = 10K at the end of the year, and 100 K at in 2020. Confirmed. No i dont use facts , look at the f**king chart

Only if the fear exists...right now there is no fear of missing out. How does the initial rise get triggered to send waves of fear (of missing out) through the market place around the world?

All we need is a whale to make a big order and the price could move. Some big investors who wanted to invest in the ETF could decide to buy bitcoins directly. This would fuel a self sustaining rally.

[pooya87]

1 btc = 10K at the end of the year, and 100 K at in 2020. Confirmed. No i dont use facts , look at the f**king chart

Only if the fear exists...right now there is no fear of missing out. How does the initial rise get triggered to send waves of fear (of missing out) through the market place around the world?

All we need is a whale to make a big order and the price could move. Some big investors who wanted to invest in the ETF could decide to buy bitcoins directly. This would fuel a self sustaining rally.

none of these are needed for a rise. just let the pumping phase end in the altcoin markets and then watch bitcoin price move up to the moon.
all the money has gone into the altcoin market and it is being doubled every couple of days and that money will come back to bitcoin in a short while because we are reaching the end of the phase. and when it comes back, the accumulation below $1100 is also going to be over and price will start rising.

[X-ray]

1 btc = 10K at the end of the year, and 100 K at in 2020. Confirmed. No i dont use facts , look at the f**king chart

Only if the fear exists...right now there is no fear of missing out. How does the initial rise get triggered to send waves of fear (of missing out) through the market place around the world?

All we need is a whale to make a big order and the price could move. Some big investors who wanted to invest in the ETF could decide to buy bitcoins directly. This would fuel a self sustaining rally.

A lot of bitcoin whales are tired, A lot of the migration to the altcoin. It makes opening the gate of the massive pump for the altcoins. Which mean the greedy dev must not to continue his fuckin political argue to get more control in order to get benefits from the bitcoin itself.

More whales are migrating to the altcoin right now. At the same, the useless argue about the scalability of bitcoin still continue.

[Qartada]

1 btc = 10K at the end of the year, and 100 K at in 2020. Confirmed. No i dont use facts , look at the f**king chart

Only if the fear exists...right now there is no fear of missing out. How does the initial rise get triggered to send waves of fear (of missing out) through the market place around the world?

All we need is a whale to make a big order and the price could move. Some big investors who wanted to invest in the ETF could decide to buy bitcoins directly. This would fuel a self sustaining rally.

A lot of bitcoin whales are tired, A lot of the migration to the altcoin. It makes opening the gate of the massive pump for the altcoins. Which mean the greedy dev must not to continue his fuckin political argue to get more control in order to get benefits from the bitcoin itself.

More whales are migrating to the altcoin right now. At the same, the useless argue about the scalability of bitcoin still continue.

It won't last.  Bitcoin is still stable at a high price, and the Ethereum whales pumping it aren't actually taking it far enough to significantly dent Bitcoin's credibility.

[iqlimasyadiqa]

it did also show, today  the tree is shaken harder then normal. Market is being played harder today,  a spike and then 1 hour later the price is going back to where it started.

Thinking that we will reach 10k in matter of days is just impossible even if ETF gets approved and hype kicks in at higher gear it will not happen. highest we will go based on a yes will be 1500-1800USD and that is not bad if we can keep that level for couple of months and build support

when viewed as a whole in my opinion is starting to be seen a significant increase. The most needed now is the consistency of the movement of the prices bitcoin steady rise .