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Author Topic: Why is the price rising so fast today.  (Read 5066 times)
Parzival (OP)
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March 03, 2014, 05:58:12 PM
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I can see lots of big trades in bitstamp and price goin up fast. what is happening? is someone manipulating the price or what is the reason for this fast jump.
dave3k
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March 03, 2014, 06:06:42 PM
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I can see lots of big trades in bitstamp and price goin up fast. what is happening? is someone manipulating the price or what is the reason for this fast jump.

I think a lot of people were on the sidelines, just needed a push.
Pushes include its monday (new fiat on exchanges?) UK tax rules and Ukraine issues. 

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njcarlos
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March 03, 2014, 06:07:38 PM
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Meh, this is one or two people or an institution just throwing its weight around like a dickhead. Nothing more.
Cyberlight
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March 03, 2014, 06:10:07 PM
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Bitcoin is a deflationary currency.
superresistant
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March 03, 2014, 06:10:58 PM
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There is a limited amount of Bitcoin.

http://en.wikipedia.org/wiki/Bitcoin
MatTheCat
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March 03, 2014, 06:11:06 PM
 #6

I can see lots of big trades in bitstamp and price goin up fast. what is happening? is someone manipulating the price or what is the reason for this fast jump.

It has got to be the Ukraine Crisis!

But apparently that is me just being paranoid. Fortunately I have experienced people like oda-krell around to keep my noobish head on the straight n narrow.

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Rub3n
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March 03, 2014, 06:11:41 PM
 #7

Buy buy buy

Bobsurplus
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March 03, 2014, 06:13:26 PM
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Because I am buying! Smiley just joking

I actually sold a lot of coins the last few weeks and am regretting it now.
dave3k
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March 03, 2014, 06:14:01 PM
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Buy buy buy
PANIC HODL!

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Dragonkiller
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March 03, 2014, 06:14:26 PM
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wall street is buying
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March 03, 2014, 06:27:43 PM
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The UK has relaxed its tax rules on cryptos, so there has been a big confidence boost because of that. Its now easier for The City to trade with cryptos tax-free, so the big sales will be mostly from bankers moving profits around. The UK government just found a way to anonymously move money... so expect a lot of movement over the next few days.
phatsphere
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March 03, 2014, 06:31:42 PM
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I can see lots of big trades in bitstamp and price goin up fast. what is happening?
check the technicals: zoom out to a 1D chart and you'll see a months long decline. this line could be broken now.
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March 03, 2014, 06:39:11 PM
 #13

Buy buy buy
would have been a great advise a couple of  weeks earlier or maybe few years ago :p..!

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March 03, 2014, 06:43:58 PM
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I'm going out on a limb here and saying it has something to do with the relationship between supply and demand.  Grin

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March 03, 2014, 07:13:58 PM
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I'm going out on a limb here and saying it has something to do with the relationship between supply and demand.  Grin

No, are you serious? it cant be! Can it?

 Grin

Solarstorm75
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March 03, 2014, 07:17:47 PM
 #16

Half of BTC community has been goxed!

- BTC stolen

- Fiat stolen

- Identity scans stolen


Now the remaining half want's to be stamped.
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March 03, 2014, 08:03:08 PM
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Fortress
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March 03, 2014, 08:04:47 PM
 #18

What happened today is wires hit Bitstamp. It's been 5 business days since the reversal from 400 was first sighted and called, and now the wires are finally hitting. It's really that simple.
BitcoinAshley
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March 03, 2014, 08:11:31 PM
 #19

What happened today is wires hit Bitstamp. It's been 5 business days since the reversal from 400 was first sighted and called, and now the wires are finally hitting. It's really that simple.


How about, markets are complex and there is more than one reason  Grin
rmines
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March 03, 2014, 08:14:10 PM
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AFAIK there hasn't been real good news today, so I guess it's just some manipulation by people pumping and dumping.

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