Anybody knows why there was this big pump today

[kutangterbang]

it's not a surprise, isn't this often the case with bitcoin which is never stable with prices, like last year which was even higher than that, so it has the possibility of going again this year

[Noobaru]

My understanding is that this was a response to tether tanking quite hard for a stablecoin. According to CMC it dropped way below 1$, to as low as 0.92$, possibly more on some minor exchanges. An answer to that was pulling money out of tether and buying bitcoin, which increased in its price (people were probably afraid that tether was going to crash completely). Then, tether slowly climbed back and is not sitting at around 0.98$. I think it will soon stabilize at 1$ again. In the meantime, bitcoin went back to around 6500$ where it was trading before the pump.

[Litzki1990]

Actually the bitcoin and etherium was have a big pump for now.
And we hope it continue until the end of this year because i'm just holding some bitcoin and etherium for a longterm.

[moschinot]

no idea at all. It seems to me that some big player was buying Bitcoin and because of this, the price went up

[MaggieArroyo]

A rumour had spread about the tether being a scam and all the invstor withdraw from it. This sudden dump lead to a wave in the the market and the price of the other coins had a bump. It is normal in the cryptomarket.

[Braeden Hahn]

There could be many reasons, and if this remains for some time, you might grab the opportunity too. Also it might be a good sign for bitcoin too, but again, this might be a temporary push to just attract the investors. So, it's fine to be just patient.

[Jocasta9]

For a long time i did not see any pump like 15-oct. They create FUD about usdt and people come to buy BTC and make btc price over 7500$. I think whale pump for sell their BTC with high price.

[keepandhold]

This was a manipulation associated with the provocation of Tether, everyone began to massively sell the USDT in favor of Ethereum and Bitcoin. In the near future, the price will recover.

[kolonel_x]

I think bitcoin will strengthen at 7400 dollars but it turns out that it only lasts a few hours. Bro, what's going on and that makes everyone feel that btc will start the pump

[Rameshvijay45]

hiiii.

does anybody know why there was this big pump 3h ago?

It's because of the rumor about tether(USDT) going to delist.that's why people's are converting usdt to btc and altcoins.So the big pump was happened.

[petrcoin]

People are running away from tether and buying some other things with it.

So, the reason of pump is tether dump.

[louie69]

I think what happened last 10/15/2018 was just a normal response of btc since the successive dips in crypto market where I consider it as a normal price increase. I believe that the whole altcoins depends on btc market movement wherein altcoins also had made an uptrend trend after the increase in btc. I also think that during that day, the demand in cryptocurrency becomes high which also triggered the slight up trend increase in price value.

[RandyMagnum]

People are running away from tether and buying some other things with it.

So, the reason of pump is tether dump.

One thing i can't understand, why price for btc in USD also growed? If it's manipulations with tether so why the price in real USD changed at this moment?

[crzybilly]

This happened due to the strange situation with a stable coin called Tether. The price of Tether dropped for a day and due to this drop, the price of BTC and ETH in USDT rose. Just a strange short pump. It is not a bull run or something else.

[KassandrHicks]

The price went upto $7500 in that period. It was good to see such pump in a long time. Is there any chace the whales were involved? I have heard how they manipulate the market.

[Mpamaegbu]

hiiii.

does anybody know why there was this big pump 3h ago?

Yes, I know! Its because China is now a democracy!

But really, can't you guys take a break for a second on all this unnecessary curiosity once the market moves a bit? You see, the market must always find a reason to move from time to time. Those heydays it used to be on how bitcoin was a bubble because of its constant volatility. Today the volatility is gone and we are earnestly asking for its return.

[izanagi narukami]

IMO, tether Pump's effect especially on whale trader on bitfinex seems pessimistic about the global value.

As long as it's not keep happening, you shall worry less but if you want to make the profit , just sell order on preferred value just like I did on my local exchange

People are running away from tether and buying some other things with it.

So, the reason of pump is tether dump.

Bitfinex people really affect the global market ( From tele group )

[shaheer001]

Today i read an article about bitcoin prediction, next bitcoin price surge will be bigger than previous one occurred last year in December,hope at the end of this year 2018.

[Benarand]

I think that the market will be in such a suspended state for another half a year. Why think so? Because in half a year (maybe a little less), the SEC will decide on Bitcoin. Then we will see a clear movement either up or down.

[BitcoinTurk]

According to the information I read in the past day, there was a short-term fluctuation in the market because of trust issues with Tether. As a result of the statements and news against Tether, investors wanted to sell their Tether balances and opted for high transactional cryptocurrencies in the market. For this reason, it is said that there are price increases, but once again we have seen that Tether is a serious risk and a bad option to manipulate the market. In addition, a careful review of the prices of Tether trades in the stock market, these prices have risen, while traders who do not trade with Tether will not see that the prices are not too variable.