What is driving the price crazily up????

[protokol]

Shiite, it's dropping again.

ARGH, will have to settle for a skateboard, not a car.  

BELIEVE!!!  

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[ChuckBuck]

Shiite, it's dropping again.

ARGH, will have to settle for a skateboard, not a car.  

BELIEVE!!!  

Haha, someone gotta design that for real, and I'd ditch the car in a heartbeat.  Paid in BTC of course.   

That said BTC can't break through the $500 level, WTF!  Keeps bouncing off.  Oh well, at least we're on the way up finally after these stagnant weeks.

[RodeoX]

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.

Maybe so. I was unable to attend this one so I am just guessing. We had a price bump after last years event that I assume was related.

Could China have secretly un-banned btc?  

[byt411]

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.

Maybe so. I was unable to attend this one so I am just guessing. We had a price bump after last years event that I assume was related.

Could China have secretly un-banned btc?  

Lol. China never banned BTC. Maybe price is going up because people have only just realized how awesome bitcoin is?

[RockHound]

So some Whale action doing this then?  

If that's so. Who thinks a rebound towards $450 is likely?

[lumierre]

Someone is trying to stir up a bubble. I don't blame him. It'll come some time anyway. That pump is obviously an explicit one to get the attention of people and to let them know that the whale is done accumulating.

[navigator]

The long stable boredom periods are always followed by a breakout to the upside. Bitcoin is just doing what it do.

[RockHound]

The long stable boredom periods are always followed by a breakout to the upside. Bitcoin is just doing what it do.

Historically your right. I'm other side of the fence at the moment - waiting for the price to rebound back down - it probably wont, guess will just let Bitcoin do it's thing

[byt411]

It's still hovering around $490 lol. I'll see if my prediction is correct, $500+ by midnight.

[kooke]

I wouldn't say that the price is rising crazily, but it does appear that the downtrend is reversing. If I had fiat on an exchange right right now, I'd exchange it into BTC asap.

[rudius]

I wouldn't say that the price is rising crazily, but it does appear that the downtrend is reversing. If I had fiat on an exchange right right now, I'd exchange it into BTC asap.

Yeah. No need to always link a news to a spike.

We had very very low volume recently. Traders were waiting for bears to show up. No bears in sight, so some traders grew impatient. I understand them. I m waiting for a full moon this year.

[RockHound]

It's still hovering around $490 lol. I'll see if my prediction is correct, $500+ by midnight.

Pretty good prediction I would say 

Bitstamp hovering $500. Other exchanges seem to be $15-20 under?

[kingscrown]

not sure but im happy its happening

[T.Stuart]

I guess it must be this: "More Bad News for Bitcoin"

http://www.theblaze.com/stories/2014/05/20/more-bad-news-for-bitcoin/

 

[bitcoinsrus]

I guess it must be this: "More Bad News for Bitcoin"

http://www.theblaze.com/stories/2014/05/20/more-bad-news-for-bitcoin/

 

http://www.coindesk.com/africas-first-bitcoin-atm-ready-may-launch/
...followed by good news

[rohnearner]

Only question that i ask is will it stay around 500$ mark or will it fall down again in next few days back to 430$ mark , If it stays at 500$+ mark for next few weeks than I can say there is some real good times coming ahead  

[houseo]

Only question that i ask is will it stay around 500$ mark or will it fall down again in next few days back to 430$ mark , If it stays at 500$+ mark for next few weeks than I can say there is some real good times coming ahead  

based on what?

[serenitys]

Here's a sampling of today's and recent news:

In the news....

...The markets did the opposite of bitcoin and dropped...

http://www.newsday.com/business/stocks-down-sharply-on-weak-retail-earnings-1.8077278

http://www.thestreet.com/story/12716065/1/final-hour-sentiment-blow-from-retail-blues.html

...Gold weakens

http://www.forbes.com/sites/kitconews/2014/05/20/gold-weaker-new-fundamental-inputs-awaited/

...The FED says they're incompetent imbeciles but hey, they really did save us from economic collapse...

http://www.star-telegram.com/2014/05/19/5831303/bernanke-says-mistakes-were-made.html

...Credit Suisse got in trouble....copped to it

http://dealbook.nytimes.com/2014/05/19/credit-suisse-set-to-plead-guilty-in-tax-evasion-case/


...All this stuff...

http://www.ft.com/home/us

...Assorted First World problems....

http://www.wsbt.com/news/nationworld/10m-yacht-capsizes-upon-launch/26076372

...McDonald's not happy with creepy clown...

http://www.bustle.com/articles/25151-mcdonalds-new-mascot-happy-is-the-stuff-of-nightmares


...Julian Strikes Back - bout had enough of the US's shit

http://rt.com/usa/160240-wikileaks-greenwald-intercept-phones/

...China's still steamed at the US, dissing Windows 8

http://www.theglobeandmail.com/report-on-business/international-business/china-bans-use-of-microsofts-windows-8-on-government-computers/article18762841/


...China & Russia having a lover's quarrel

http://www.voanews.com/content/xi-putin-promise-closer-ties-at-meeting-in-shanghai/1918247.html


....And meanwhile, somewhere in China, they were dodging UFOS slash not Russian rocket debris

http://www.huffingtonpost.com/2014/05/19/ufos-crash-china-villages_n_5353750.html?ir=Weird+News


...US "concerned" about dependence on Russian rocket technology


http://www.ft.com/cms/s/0/27eb43c6-e03b-11e3-b341-00144feabdc0.html#axzz32HoWztGm


NASA prepares to fuck with the American heartland and the south by showing off its alien space technology stolen from the Roswell crash site debris

http://www.ibtimes.co.uk/nasa-supersonic-flying-saucer-test-flights-prepared-mars-mission-1449318


....The apocalypse has officially begun

http://www.techsonia.com/extinct-nightsnake-species-reappears-in-mexico/199392/

http://www.livescience.com/45702-fanged-cannibal-lancetfish-north-carolina.html

http://www.livescience.com/45532-exploding-head-syndrome-sleep-disorder.html

http://www.livescience.com/45740-beef-bacon-product-schmacon.html


Or....

Science, bitches

http://www.thedailybeast.com/articles/2014/05/20/we-can-create-matter-from-light.html


...Everything on here....

http://www.coindesk.com/

...and here

http://bitcoinmagazine.com/

[aztecminer]

Here's a sampling of today's and recent news:


...Gold weakens

u mean "gold is manipulated down" ..

[jamesc760]

Well, that explains it. Sleeping bear's head exploded ^^^^^, thus no bears are left on the face of the earth, bulls rejoice!