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byt411 (OP)
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May 20, 2014, 05:12:47 PM |
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What's going on? The price just spiked from $469 to $498. Don't see any amazing news, although I have been expecting to go up.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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saif92
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May 20, 2014, 05:14:53 PM |
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Yes its very strange because few hours ago as I go to offline its touching 460$ and now suddenly its around 500$ whats going on any update about this
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byt411 (OP)
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May 20, 2014, 05:16:38 PM |
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Yes its very strange because few hours ago as I go to offline its touching 460$ and now suddenly its around 500$ whats going on any update about this
I knew it was going up this morning, I had expected it to go up anyway, but now I'm home and I'm like WTF? Why is the price at 360€? I check BitcoinWisdom and CoinDesk BPI, and it seems like it did spike. Any moment now, Any moment and we get up to $500. |
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ChuckBuck
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May 20, 2014, 05:19:03 PM |
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Come on $500! Daddy needs a new car!  |
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windpath
Legendary
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Activity: 1258
Merit: 1027
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May 20, 2014, 05:20:19 PM |
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Exciting Times!
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byt411 (OP)
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May 20, 2014, 05:20:57 PM |
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Come on $500! Daddy needs a new car! Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481. |
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windpath
Legendary
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Activity: 1258
Merit: 1027
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May 20, 2014, 05:24:14 PM |
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Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481.
Exactly why we track the 7 major exchanges, this is no "typo"...  |
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byt411 (OP)
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May 20, 2014, 05:24:59 PM |
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Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481.
Exactly why we track the 7 major exchanges, this is no "typo"... Hmm... So weird. It seems to be hovering around $495 right now. So weird. |
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manitou
Jr. Member
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Activity: 38
Merit: 2
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May 20, 2014, 05:25:40 PM |
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Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481.
BTC-E is always 10-11$ cheaper. I don't know why.  |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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May 20, 2014, 05:28:01 PM |
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Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481.
BTC-E is alwais 10-11$ cheaper. I don't know why. It's a real pain up the arse to get dollars into compared to the other exchanges. That might account for a price difference. |
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ChuckBuck
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May 20, 2014, 05:30:02 PM |
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I always go with Bitstamp for some reason, even before, when Gox was still around.
Probably has something to with the Coinbase price(essentially pegged, Coinbase higher by a couple a $ or so).
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windpath
Legendary
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Activity: 1258
Merit: 1027
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May 20, 2014, 05:31:04 PM |
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Atlas ATS just broke $500  Edit: You know if the price had not been so flat for the last 10 days this would be a lot less exciting... |
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saif92
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May 20, 2014, 05:31:19 PM |
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Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481.
BTC-E is alwais 10-11$ cheaper. I don't know why. It's a real pain up the arse to get dollars into compared to the other exchanges. That might account for a price difference. Now hope on bitstamp its going to touch 500$ because last time I check its just over 499$ I am very excited about this after long wait this going to happen |
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malevolent
can into space
Legendary
Offline
Activity: 3472
Merit: 1721
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May 20, 2014, 05:31:39 PM |
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Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481.
BTC-E is always 10-11$ cheaper. I don't know why. Often, yes, but not always. |
Signature space available for rent.
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byt411 (OP)
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May 20, 2014, 05:32:13 PM |
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Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481.
BTC-E is alwais 10-11$ cheaper. I don't know why. It's a real pain up the arse to get dollars into compared to the other exchanges. That might account for a price difference. Now hope on bitstamp its going to touch 500$ because last time I check its just over 499$ I am very excited about this after long wait this going to happen $491 right now. I hope it does, but now it's dropping. Oh, $489.7 now. |
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Peter R
Legendary
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Activity: 1162
Merit: 1007
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May 20, 2014, 05:33:13 PM |
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News drives price as much as price drives news, so it's always difficult to say. However, it seems Russia and China have made some progress towards trade-agreements that completely bypass the USD: http://www.zerohedge.com/news/2014-05-20/china-signs-non-dollar-settlement-deal-russias-largest-bankIt may be advantageous, for bitcoin, to create the narrative in the media that the price increased because the "USD's hegemony is being chipped away whether by foreign policy faux pas, crossed red-lines, or economic fragility" [ZH] as the China-Russia deal illustrates. |
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ChuckBuck
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May 20, 2014, 05:34:26 PM |
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Shiite, it's dropping again. ARGH, will have to settle for a skateboard, not a car.  |
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bitcoinsrus
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May 20, 2014, 05:35:47 PM |
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Did someone type in the price incorrectly? I suppose it was that, since it's only BitStamp that's this high. BTC-E is at $481.
BTC-E is always 10-11$ cheaper. I don't know why. Btc-e is not really cheaper. Try depositing funds. You have to use 3rd party deposit methods that charge 1% fees. So btc-e is a little down (imo) because of those additional fees. |
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
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May 20, 2014, 05:37:43 PM |
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Maybe it's news from the past few weeks? Perhaps people finally have their accounts funded and ready. Or an increase in demand from deals made at last weekends conference in Amsterdam?
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byt411 (OP)
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May 20, 2014, 05:39:29 PM |
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Maybe it's news from the past few weeks? Perhaps people finally have their accounts funded and ready. Or an increase in demand from deals made at last weekends conference in Amsterdam?
Mhmmm... There really hasn't been any innovations at Bitcoin 2014. I expect Coindesks article to tell us the reason. |
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