mktrader (OP)
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Hello World!!!
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April 14, 2014, 06:41:43 AM |
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Today (April 14, 2014) around 4:00 AM UTC, the Bitcoin price increased by approximately 10% from around $401 to $440. Furthermore, there was an enormous increase in trading volume during this upsurge.
I've searched for any news stories that might have caused this, but could not find anything specific.
So what caused this?
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Price Poll: bitcointalk.org/index.php?topic=555609
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turvarya
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April 14, 2014, 06:48:55 AM |
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Aliens ...
No, seriously, it could be big Players influencing the Price on purpose or some new Business that wanna start using BTC but isn't going public about that idea, yet, etc.
You can not always find an answer in the News.
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DubFX
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April 14, 2014, 06:54:09 AM |
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bangalore
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April 14, 2014, 07:30:37 AM |
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may be kimdotcom tweet :p
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Light
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April 14, 2014, 07:34:26 AM |
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Physchology.
I wouldn't attribute the random minor short term volatility of Bitcoin to any major world event - IMO it's just speculation and rallying much like the stock market. Nothing much but some hope and expectation really.
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sexboy
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April 14, 2014, 07:56:40 AM |
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okcoin, a big platform in China made some way to avoid bank account band by govenment.
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crazyivan
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DMD Diamond Making Money 4+ years! Join us!
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April 14, 2014, 08:00:34 AM |
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BTC ecosystem should stop relying on China for its pumps and dumps. We have seen where this led us in the past.
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franky1
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April 14, 2014, 08:02:32 AM |
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the revelation that china is not shutting shop. (due to PBOC announcement)
the revelation that chinese business is expanding not exiting.
the revelation that all the dumpers are fud fearing sheeple and that the panic was meaningless.
the revelation that 2 chinese exchanges expansions are ATM's which means people are going to buy bitcoins locally in stores (where the ATM is eating the sell wall to fill purchases causing prices to go up due to demand)
you choose which
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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hilariousandco
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April 14, 2014, 08:04:15 AM |
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Probably people buying coins for 10% more than what they were a few hours ago  . Supply and demand. |
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Elwar
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April 14, 2014, 08:11:01 AM |
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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ujka
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April 14, 2014, 08:13:25 AM |
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igorr
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April 14, 2014, 08:39:54 AM |
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It is just manipulation by Bitstamp.
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Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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hilariousandco
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April 14, 2014, 08:52:20 AM |
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Doubt it. People always try find a reason for 'why' from a recent piece of good news or story, but sometimes the price just rises due to people buying, although it is annoying people seem to panic sell on the back of any whiff of bad news so I understand why. |
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YipYip
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April 14, 2014, 09:03:09 AM |
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The chinese SFC-LTC Price index just hit a major resistance point of 1.2 (1.2 Special fried chikun dinners per LTC ) This caused all Chinese dinners & lovers of SFC to get on the phone & online to order said dinners for teh previous low SFC-LTC 1.2 this caused a spike and teh SFC-LTC is now trading at a more respectable 1.45 ... there where rumour s of free prawn carckers with every delivery that was also taken into the price spike calculation it all makes sense |
OBJECT NOT FOUND
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spiderbrain
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April 14, 2014, 09:07:50 AM |
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people with money decided that the 340 low was high enough volume to be a bottom. They may or may not be right.
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MatTheCat
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April 14, 2014, 10:51:57 AM |
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Anything is possible but most likely, due to the maxed out level of short trades, my money would be on another exchange insider short squeeze. I would imagine that a shit ton of shorts have been squeezed out of their positions and thus contributed to the panic buy-in spike. This theory makes a whole lot more sense to me than some long termed big money investor just going mad for $400+ Bitcoin which is of course what most folks here would like to believe.
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TERA
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April 14, 2014, 10:58:54 AM |
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Daily chart breakout plus a couple news items. My question is why has it NOT risen 20% like the previous breakout. Pretty weak.
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lumierre
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April 14, 2014, 12:34:23 PM |
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Perhaps people realized that what's supposed to happen on April 15th already happened a few days ago. Everbody was waiting for a dip on the 15th but it didn't come so now there is a panic buy. IMO, we need to pass $510 by April 20 or earlier and stay above that to call this a breakout.
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CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM |
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runam0k
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Touchdown
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April 14, 2014, 12:41:56 PM |
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... Everbody was waiting for a dip on the 15th but it didn't come so now there is a panic buy...
You know it's still the 14th, right? |
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hilariousandco
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April 14, 2014, 12:56:28 PM |
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... Everbody was waiting for a dip on the 15th but it didn't come so now there is a panic buy...
You know it's still the 14th, right? Might not be in his part of the world  . |
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