This massive price increase in seconds shows us something

[Red-Apple]

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.

haha, what a funny comment.
dude you know nothing about how market works

"whales being tired" that is the most meaningless comment i have read in a long time. a trader who is tired of trading, quits trading and goes on a vacation. others who are still trading, pause their bitcoin trading and go join the altcoin pumps and make more money to come back to bitcoin even stronger.

and everyone actually wants you to believe they have given up so that you sell your coins cheap (like the 900 range) and then buy it back from them at higher prices (like 1300)

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[rajasumi3]

it shows that bitcoin is so volatile and its price can drop so suddenly and the price of bitcoins could go up so rapidly . we can conclude at this poiint that lets assume we are sleeping the whole night and in the morning we can expect that the price of bitcoins could go as low as possible,well then it will be the best time for buyers.

[hase0278]

it shows that bitcoin is so volatile and its price can drop so suddenly and the price of bitcoins could go up so rapidly . we can conclude at this poiint that lets assume we are sleeping the whole night and in the morning we can expect that the price of bitcoins could go as low as possible,well then it will be the best time for buyers.

It can be the opposite way too, sleeping the whole night and in the morning we might see btc price pumped 2X or more or with a huge difference that's what every holder is waiting for in my opinion and if that time comes surely it will go back to original price or a dump presenting an opportunity to buy cheaper bitcoins. It does not show only how volatile bitcoin's market is but it also shows that many transactions really do happen in bitcoin resulting for a huge pump or dump to occur.

[Carlsen]

I think that often it's not bitcoin that is pumped or dumped.
It's the altcoins, and bitcoin is the center where the money is usually parked.
If an alt gets pumped, the money goes away from btc, and it comes back when the alt is dumped.

[BrewMaster]

I think that often it's not bitcoin that is pumped or dumped.
It's the altcoins, and bitcoin is the center where the money is usually parked.
If an alt gets pumped, the money goes away from btc, and it comes back when the alt is dumped.

pump and dump is a manipulation of the market and any price resulting from a pump will never stay around which means that would be a fake pump.

if bitcoin was pumped the price would have gone down already, back to $200 level but as you can clearly see if you check some charts, price is not only not going down but also it is rising with much strength. and when in the long run price goes up that means the demand is increasing. in other words bitcoin has real price and it is not pumped.

[danherbias07]

I think that often it's not bitcoin that is pumped or dumped.
It's the altcoins, and bitcoin is the center where the money is usually parked.
If an alt gets pumped, the money goes away from btc, and it comes back when the alt is dumped.

pump and dump is a manipulation of the market and any price resulting from a pump will never stay around which means that would be a fake pump.

if bitcoin was pumped the price would have gone down already, back to $200 level but as you can clearly see if you check some charts, price is not only not going down but also it is rising with much strength. and when in the long run price goes up that means the demand is increasing. in other words bitcoin has real price and it is not pumped.

I thought a pump was just a mere word that tells it is increasing. So that deepens it.
I dont really think like that in bitcoin, It is more of making people buy bitcoin then make the demands go higher to make the value also bigger. Dont mind if it is a pump or a dump as long I see it back to the price that I want. If not, then hold again.
This increase tells me that those who panicked from the fall to just $900+ are getting back their coins which is a lost to them.

[BrewMaster]

I think that often it's not bitcoin that is pumped or dumped.
It's the altcoins, and bitcoin is the center where the money is usually parked.
If an alt gets pumped, the money goes away from btc, and it comes back when the alt is dumped.

pump and dump is a manipulation of the market and any price resulting from a pump will never stay around which means that would be a fake pump.

if bitcoin was pumped the price would have gone down already, back to $200 level but as you can clearly see if you check some charts, price is not only not going down but also it is rising with much strength. and when in the long run price goes up that means the demand is increasing. in other words bitcoin has real price and it is not pumped.

I thought a pump was just a mere word that tells it is increasing. So that deepens it.
I dont really think like that in bitcoin, It is more of making people buy bitcoin then make the demands go higher to make the value also bigger. Dont mind if it is a pump or a dump as long I see it back to the price that I want. If not, then hold again.
This increase tells me that those who panicked from the fall to just $900+ are getting back their coins which is a lost to them.

yeah, pump has a specific meaning in economics.
you can read these two:
https://en.wikipedia.org/wiki/Pump_and_dump
http://www.investopedia.com/terms/p/pumpanddump.asp
i like this deffinition from investopedia:
Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements.

it is exactly defining what has been happening in altcoin market.

[Ayers]

I think that often it's not bitcoin that is pumped or dumped.
It's the altcoins, and bitcoin is the center where the money is usually parked.
If an alt gets pumped, the money goes away from btc, and it comes back when the alt is dumped.

pump and dump is a manipulation of the market and any price resulting from a pump will never stay around which means that would be a fake pump.

if bitcoin was pumped the price would have gone down already, back to $200 level but as you can clearly see if you check some charts, price is not only not going down but also it is rising with much strength. and when in the long run price goes up that means the demand is increasing. in other words bitcoin has real price and it is not pumped.

i don't think that pump and dump is always manipulation, buyers and sellers don't know each other and they can buy for whatever they believe and the sellers also sell for their own reason, can happen that the value go high and low because of randomness caused by their decisions

[shintosai]

I think that often it's not bitcoin that is pumped or dumped.
It's the altcoins, and bitcoin is the center where the money is usually parked.
If an alt gets pumped, the money goes away from btc, and it comes back when the alt is dumped.

pump and dump is a manipulation of the market and any price resulting from a pump will never stay around which means that would be a fake pump.

if bitcoin was pumped the price would have gone down already, back to $200 level but as you can clearly see if you check some charts, price is not only not going down but also it is rising with much strength. and when in the long run price goes up that means the demand is increasing. in other words bitcoin has real price and it is not pumped.

i don't think that pump and dump is always manipulation, buyers and sellers don't know each other and they can buy for whatever they believe and the sellers also sell for their own reason, can happen that the value go high and low because of randomness caused by their decisions

if we are referring to some big projects i can agree with your statement mate, as we see movements between buying and selling coming from exchange those who's in the buy side really believes that something will happen and holding the project will benefits them in the long run same
thing with the seller might be already gaining enough profits or they have some personal reason why selling what they have, in the case of btc for me its already have value inside investors mind so we will continue seeing the fluctuation and enjoy the system.

[BrewMaster]

I think that often it's not bitcoin that is pumped or dumped.
It's the altcoins, and bitcoin is the center where the money is usually parked.
If an alt gets pumped, the money goes away from btc, and it comes back when the alt is dumped.

pump and dump is a manipulation of the market and any price resulting from a pump will never stay around which means that would be a fake pump.

if bitcoin was pumped the price would have gone down already, back to $200 level but as you can clearly see if you check some charts, price is not only not going down but also it is rising with much strength. and when in the long run price goes up that means the demand is increasing. in other words bitcoin has real price and it is not pumped.

i don't think that pump and dump is always manipulation, buyers and sellers don't know each other and they can buy for whatever they believe and the sellers also sell for their own reason, can happen that the value go high and low because of randomness caused by their decisions

as i explained and added two links above, going up and down doesn't mean pump and dump. that is a bigger rise and a rise without a logical reason.

pump doesn't have to be verbal either. there are so many different ways of manipulation, the most obvious one is the verbal advertising it like what ethereum does every now and then to pump it.

maybe my English is bad!!!, read those links, you will understand it easeir.

[SaShiRaJaVu]

i don't think that pump and dump is always manipulation, buyers and sellers don't know each other and they can buy for whatever they believe and the sellers also sell for their own reason, can happen that the value go high and low because of randomness caused by their decisions

Buyers and sellers does not need to know each other,but manipulation occurs when there is a massive sell order and people who is holding the coins would panic seeing those high sell orders and thinking that the price would crash, people starts selling everything they hold and that is how manipulation works most of the time and a small news would aid in the price movement.

[lionheart78]

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.

I agree that FOMO definitely increase the demand for Bitcoin and people will buy in whatever price the seller throw them because of they do not want to missed out the train of Bitcoin.  I also observed that even with the rejection of its latest ETF case,  Bitcoin price is unaffeced and continue to rise.  This means Bitcoin does not need ETF approval and lastly even with this Bitcoin political drama, price keep on recovering, what more if the scaling issue is fixed.  This only means one thing, Bitcoin beyond the moon!

[ImHash]

We will always have sharp drops and sharp increases in price with bitcoin, it has been like this since the beginning and only those staying idle and are bystanders will regret, how many times should you see price dropping $200 staying there for 3-7 days and again start to rise back up to make you believe in bitcoin?
Da*n even when price fluctuates 2% you could earn more than $20 trading only 1BTC now imagine the current market with a volume of $400M+ every day, all that will happen certainly isn't crashing but value increased over time year after year.

Even some unpopular altcoins had some unexpected rise in their price now we're talking about bitcoin which is the most popular crypto.

[RoommateAgreement]

Even some unpopular altcoins had some unexpected rise in their price now we're talking about bitcoin which is the most popular crypto.

i will never understand the fascination of people for comparing bitcoin with altcoins or even mentioning them in a bitcoin related topic.
i mean yeah, altcoins have had pretty good rises in the past and they continue to have them and there is a lot of profit there but the rise of the altcoins is not similar to bitcoin at all. they are fake pumps which is always followed by a bigger dump and they eventually die off withing 1 or 2 months.

now where is the similarity!

[zimmah]

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

this will happen, but only if the blocksize debate is settled once and for all.

As soon as the debate is finished it's immediately (within a month, maximum) 10k.

[1Referee]

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

this will happen, but only if the blocksize debate is settled once and for all.

As soon as the debate is finished it's immediately (within a month, maximum) 10k.

There is something you should take into consideration - Price will surely go up when Segwit gets activated, but it's not a proper long term solution with its 2MB caps. After a year or two the same discussions will come to life as by that time, blocks will once again be full as is the case right now. Demand is strong, don't underestimate that. But to reach $10,000 levels, it will require a good number of years to build up the price. $2000 is a good start when Segwit gets activated.

[jjacob]

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

this will happen, but only if the blocksize debate is settled once and for all.

As soon as the debate is finished it's immediately (within a month, maximum) 10k.

While I hoped that people would get tired of debating the blocksize indefinitely, this doesn't seem to be the case. Unfortunately, the price of Bitcoin will be restrained until this comes to an end.

[Ayers]

i don't think that pump and dump is always manipulation, buyers and sellers don't know each other and they can buy for whatever they believe and the sellers also sell for their own reason, can happen that the value go high and low because of randomness caused by their decisions

Buyers and sellers does not need to know each other,but manipulation occurs when there is a massive sell order and people who is holding the coins would panic seeing those high sell orders and thinking that the price would crash, people starts selling everything they hold and that is how manipulation works most of the time and a small news would aid in the price movement.

but how is the guy who is dumping with a big sell order, going to knwo that his dump will cause a panic seller, and so inducing a market manipulation? this is just an assumption imho, the big guy that sell a huge amount of coins, need to force the other to sell to buy cheap coins, and it's not that easy as many believe, most of the time the rise and fall you see are just normal trading on the market

[alyssa85]

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.

Some exchanges ARE regulated (Gemini, GDAX), but strangely traders don't want to use them, they prefer the unregulated exchanges where they get taken for a ride.

[Yuuto]

I think that often it's not bitcoin that is pumped or dumped.
It's the altcoins, and bitcoin is the center where the money is usually parked.
If an alt gets pumped, the money goes away from btc, and it comes back when the alt is dumped.

pump and dump is a manipulation of the market and any price resulting from a pump will never stay around which means that would be a fake pump.

if bitcoin was pumped the price would have gone down already, back to $200 level but as you can clearly see if you check some charts, price is not only not going down but also it is rising with much strength. and when in the long run price goes up that means the demand is increasing. in other words bitcoin has real price and it is not pumped.

I think that you are right about pump and dump: pumped coin or price wont last for long, sooner or later the price will drop, or the coin will dissapear (if weak enough).

Anyway i cannot agree with your words, that bitcoin isn't pumped at all: sir, hell yeah it is.
You cannot see the pump until the price of asset goes down a lot and only then you can see it was overpriced, but with big amounts of money pump may stay for a long time: price jumps (result of pumping) and that triggers the part of the market to book their profits or even hop into the trend which may cause even bigger raises.

Psychology of a crowd plays a big part in it.
When a crowd spots some big player spends a lot of money to get a big slice of a pie, the crowd (most of it) will follow him, in trust that he knows what is he doing.