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Author Topic: Bitcoin price increases 1000$ in 10 minutes - why?  (Read 440 times)
joulion86
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April 12, 2018, 11:54:42 AM
 #1

Any idea where the 1000$ in 10 minutes came from??

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joulion86
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April 12, 2018, 11:58:28 AM
 #2

There are many options how to get 1000 in ten minutes. For example, to remove from your credit card or ask your parents. Or friends.
sorry if I wasn't clear. I meant the bitcoin price in the last half hour.

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April 12, 2018, 12:09:21 PM
 #3

$1000 price rise is only 14% which is about 4% higher than normal fluctuations of bitcoin. what I am trying to say is that $1000 rise from $6900 is not that big if you look at it in % form.

the reason is because bitcoin has been much lower than it is really worth for a very long time now and it needs to go up. this upward movement has been suppressed for a long time now which makes rises more like a jump up rather than a simple slow rise.
additionally it is kind of a Technical Analysis thing. price broke out of a triangle and that acted as a signal for traders that a rise is coming so they rushed to invest and price jumped as a result.

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April 12, 2018, 12:11:07 PM
 #4

Very encouraging price action on bitcoin, but we still need to break through the downtrend.

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April 12, 2018, 12:16:01 PM
 #5

I just left my computer to make a coffee and a sandwich and when I get back I saw a $8000 24hr-high from $6800. What the hell happened?

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April 12, 2018, 12:17:43 PM
 #6

ididnt know but it so suprise after crash market but at all its only 1k $ like a past year goes from 1k to almost 20k$
maybe the reason is because bitcoin has been much lower
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April 12, 2018, 12:21:22 PM
 #7

It think it is because of the demand and there's a sym triangle which last for months and that is coming to an end which i think happend is it's gonna pump more until maybe 7.8k and it will have a correction.

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joulion86
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April 12, 2018, 12:22:27 PM
 #8

$1000 price rise is only 14% which is about 4% higher than normal fluctuations of bitcoin. what I am trying to say is that $1000 rise from $6900 is not that big if you look at it in % form.

the reason is because bitcoin has been much lower than it is really worth for a very long time now and it needs to go up. this upward movement has been suppressed for a long time now which makes rises more like a jump up rather than a simple slow rise.
additionally it is kind of a Technical Analysis thing. price broke out of a triangle and that acted as a signal for traders that a rise is coming so they rushed to invest and price jumped as a result.

hmm i guess you might be right with the technical analysis part. I looked at a few charts where it looked like the biggest down trend of the bubble was over, so i guess that was really it then?

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April 12, 2018, 12:52:56 PM
 #9

$1000 price rise is only 14% which is about 4% higher than normal fluctuations of bitcoin. what I am trying to say is that $1000 rise from $6900 is not that big if you look at it in % form.

the reason is because bitcoin has been much lower than it is really worth for a very long time now and it needs to go up. this upward movement has been suppressed for a long time now which makes rises more like a jump up rather than a simple slow rise.
additionally it is kind of a Technical Analysis thing. price broke out of a triangle and that acted as a signal for traders that a rise is coming so they rushed to invest and price jumped as a result.

hmm i guess you might be right with the technical analysis part. I looked at a few charts where it looked like the biggest down trend of the bubble was over, so i guess that was really it then?

We do not know about this yet,
It is not really hard to create your own Technical Analysis based on our current market,but it is very hard to predict the market.
(we could see a lot of people posting their Analysis when we were at its peak,and some people said we could go higher.but what happened ?)
logically speaking,
this kind of movement was not healthy one because the price went up significantly without a proper explanation.
which means right now it gets manipulated.
who knows what will happen with it later today or tomorrow ?
the price can go down deeper from before or reversal trend.

just bear it in your mind,it gets manipulated and everything can be happen.
do not let your emotion take your body


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April 12, 2018, 12:56:03 PM
 #10

coordinated pump

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April 12, 2018, 12:59:31 PM
 #11

Any idea where the 1000$ in 10 minutes came from??
Thats not surprising, thats how crypto market works volatilty is very high. The break-out from $7,500 maybe an indicator that bull is out and time to accumulate more while its affordable.


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April 12, 2018, 01:22:14 PM
 #12

Two thing would have happened, one is that someone is manipulating the price so that he can dump on high. Second part is some thing big news is to be coming so insiders have started to buy it. So if the second part is real then in coming next week we can see the bitcoin price crossing 10k price also.
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April 12, 2018, 01:27:48 PM
 #13

coordinated pump

Coordinated pump by who exactly? This sounds to me more like a conspiracy theory.
Anyway, I'm not so surprised because by now we have seen a lot of times that bitcoin price can change very quickly in both ways and the real reason is hard to determine.
But don't forget that it can so easily and so fast fall again under 7000$. So use this to make the quick profit.

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April 12, 2018, 01:58:28 PM
 #14

The market is always fluctuating. Compared with bitcoin's past volatility, the 10-minute $1000 is not a surprising volatility, especially now that the market is in a relatively low position. The most important thing to invest in Bitcoin is to have a sense of peace.
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April 12, 2018, 02:01:00 PM
 #15

Any idea where the 1000$ in 10 minutes came from??
Personally, I think big investors and whales have come back to work and make the BTC price increase by $ 1000 in a few minutes but should consider buying more BTC at this time as it can be this is the whale's trick to make the price up. I think we should wait 2 or 3 more days to be able to watch the Bitcoin situation and I hope the $ 100,000 price will happen soon this year.

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April 12, 2018, 02:11:26 PM
 #16

coordinated pump

That sounds bazaar when we talk about the bitcoin! Come on its not co-ordinated pump at all because it would take huge amount money to move market like that way. It surged almost 1000K USD within an half hour and it will take bigger walls to build the next one. The pump doesn't work like that. It must be something else, who knows it could be Mt. Gox buying the BTC one more time as he sold at very high rates and these are cheap one for him. Lolz. Im just kidding but that could be the reason who knows. For this scenario to be evaluated one needs to identify the bitcoin movement or at least we need to check from where the huge volume is coming. If it is too many transactions then we can suspect a co-ordinated pump. But I still suspect it is not.


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ASHLIUSZ
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April 12, 2018, 02:16:57 PM
 #17

Everyone were surprised to hear the good news of price increase. None is clear about the real fact behind the sudden price pumping, and in my thinking some good news with a large scale firm accepting bitcoin or a positive support from any of the country might have taken place.

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April 12, 2018, 02:32:03 PM
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I heard that there was a famous billionaire who decided to invest his money into bitcoin. that's the reason why bitcoin prices are soaring today.

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April 12, 2018, 02:48:40 PM
 #19

Everyone were surprised to hear the good news of price increase. None is clear about the real fact behind the sudden price pumping, and in my thinking some good news with a large scale firm accepting bitcoin or a positive support from any of the country might have taken place.
March 14th Bitcoin price $8,200
April 12th Bitcoin price $7,600

Prepare yourself , another pump .... People would try to push the price up to $8,500 include me.
This could be a fake bull , but I'm more to a real one. Nothing happened with the fundamentals , George soros rumour seems haven't made an impact ,  this is the real momentum. No one would find the real reason , because it was 'us' who causing this situation.

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April 12, 2018, 02:56:30 PM
 #20

coordinated pump

Coordinated pump by who exactly? This sounds to me more like a conspiracy theory.
Anyway, I'm not so surprised because by now we have seen a lot of times that bitcoin price can change very quickly in both ways and the real reason is hard to determine.
But don't forget that it can so easily and so fast fall again under 7000$. So use this to make the quick profit.

It's just how crypto works. that's why you think it is normal. because it is. that doesn't change the fact that there are groups that pump the market lol (they fail a lot, too)

coordinated pump

That sounds bazaar when we talk about the bitcoin! Come on its not co-ordinated pump at all because it would take huge amount money to move market like that way. It surged almost 1000K USD within an half hour and it will take bigger walls to build the next one. The pump doesn't work like that. It must be something else, who knows it could be Mt. Gox buying the BTC one more time as he sold at very high rates and these are cheap one for him. Lolz. Im just kidding but that could be the reason who knows. For this scenario to be evaluated one needs to identify the bitcoin movement or at least we need to check from where the huge volume is coming. If it is too many transactions then we can suspect a co-ordinated pump. But I still suspect it is not.

you guys tell me that all the sudden everybody started buying with no apparent reason? sounds like a fairy tale to me.

until you guys come with a better explanation I'll stick with mine

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