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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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freedomno1
Legendary
 Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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May 21, 2014, 12:58:39 AM
Last edit: May 21, 2014, 06:28:23 AM by freedomno1 |
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I was also curious as to what was causing the recent price jump It is a nice change of pace though from all the bearish sentiment but I was wondering if it was a signal of sorts or just a random fluctuation Guess I will wait a few more days before celebrating a rally  Edit in: Bullish Google indicator ? http://www.reddit.com/r/Bitcoin/comments/262kye/chrome_team_here_heres_what_happened_with/•A malware developer hoping to steal bitcoin keys copied the kryptokit extension codebase in order to build their own malicious extension. •The pipelines that we use to detect malware flagged the real kryptokit extension as being nearly identical since the vast majority of the effective code and assets were the same, causing the extension to be blacklisted. •We noticed the conversation on /r/bitcoin (many of us are enthusiasts, too!) and realized what had taken place. The krypto-kit extension was restored and re-enabled on users machines. •No data was removed from user machines at any point. |
Believing in Bitcoins and it's ability to change the world
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bitcoinsrus
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May 21, 2014, 01:00:55 AM |
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I was also curious as to what was causing the recent price jump It is a nice change of pace though from all the bearish sentiment but I was wondering if it was a signal of sorts or just a random fluctuation Guess I will wait a few more days before celebrating a rally I think something had to give. Either more FUD from China causing a 339 retest or people getting burnt out from worrying, by all the bs from there. Like on april 11th when btc went to 339, I think it took into account further restrictions from china that was suppose to come. Maybe this mini upswing is the cause of some future good news. |
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windpath
Legendary
Offline
Activity: 1258
Merit: 1027
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May 21, 2014, 01:16:20 AM |
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In the Reddit thread I mentioned above ( link), this made me smile....  Thursday, I've got to remember to check on Thursday.... |
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serenitys
Full Member
Offline
Activity: 126
Merit: 101
Be Here Now
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May 21, 2014, 01:36:12 AM |
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And at 8:30pm, with it hovering at 499, I want to know who the wiseass is who won't let it get up over $500, toss down one more buck, already. Don't they know over 500 would motivate some people to jump in? Bitcoin is being held hostage by 93 friggin cents.  |
You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
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DustyRah
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May 21, 2014, 01:37:13 AM |
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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.
The indicators show its out of the downtrend and is infact in a uptrend now. Those types of indicators are attractive to traders in general which is one of the causes for the rally. Its not only fundamentals that drive the price, technicals matter too. |
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jamesc760
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May 21, 2014, 03:06:02 AM |
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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.
The indicators show its out of the downtrend and is infact in a uptrend now. Those types of indicators are attractive to traders in general which is one of the causes for the rally. Its not only fundamentals that drive the price, technicals matter too. Blah blah uptrend blah blah blah indicators blah blah blah rally blah blah blah technical blah blah blah blah. |
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byt411 (OP)
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May 21, 2014, 06:23:22 AM |
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And at 8:30pm, with it hovering at 499, I want to know who the wiseass is who won't let it get up over $500, toss down one more buck, already. Don't they know over 500 would motivate some people to jump in? Bitcoin is being held hostage by 93 friggin cents. Yeah, its so annoying, im happy it went up, but it keeps hovering around 490 and it won't go through 500. lol. |
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davidgdg
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May 21, 2014, 06:54:39 AM |
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My theory is that the price has risen because three or four people made some quite large (~ 1000 BTC) purchases yesterday thus causing the price to rise.  |
"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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Malin Keshar
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May 21, 2014, 07:16:06 AM |
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one could ask: what was driving the price crazily low?
For me is people getting aware of China manipulation, stability for a while, good news acumulated
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alexeft
Legendary
Offline
Activity: 854
Merit: 1000
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May 21, 2014, 08:10:15 AM |
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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.
We are out of so called "bears"!!!  |
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byt411 (OP)
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May 21, 2014, 04:42:43 PM |
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one could ask: what was driving the price crazily low?
For me is people getting aware of China manipulation, stability for a while, good news acumulated
You just answered your own question, China spreading FUD and buying in the process. |
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bitsmichel
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May 21, 2014, 04:57:47 PM |
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The price is really rising, im not sure what causes it. I think there are many causes that come together, which in result make the price go up. Perhaps the Ukraine situation is also one of the reasons.
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serenitys
Full Member
Offline
Activity: 126
Merit: 101
Be Here Now
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May 21, 2014, 10:17:57 PM |
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Well it's seeming to stay above 490 on the day after so that seems pretty good so far. I can't watch the charts anymore...I'm about to have a coronary every 22c. It's like watching the roller coaster zoom almost to the top and then sloooooow down and inch...inch...inch...OMFRIGGINGOD MOVE UP ALREADY |
You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
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ChuckBuck
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May 21, 2014, 11:18:02 PM |
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Well it's seeming to stay above 490 on the day after so that seems pretty good so far. I can't watch the charts anymore...I'm about to have a coronary every 22c. It's like watching the roller coaster zoom almost to the top and then sloooooow down and inch...inch...inch...OMFRIGGINGOD MOVE UP ALREADY Feel the same way, like when Happy Gilmore is yelling at the golf ball that barely doesn't go in the hole You little son of a bitch ball! Why you don't you just go HOME? That's your HOME! Are you too good for your HOME? ANSWER ME! SUCK MY WHITE ASS, BALL! That's Bitcoin right now, not getting to and past $500. It will, just getting impatient waiting. |
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byt411 (OP)
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May 22, 2014, 06:50:52 AM |
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Well it's seeming to stay above 490 on the day after so that seems pretty good so far. I can't watch the charts anymore...I'm about to have a coronary every 22c. It's like watching the roller coaster zoom almost to the top and then sloooooow down and inch...inch...inch...OMFRIGGINGOD MOVE UP ALREADY Feel the same way, like when Happy Gilmore is yelling at the golf ball that barely doesn't go in the hole You little son of a bitch ball! Why you don't you just go HOME? That's your HOME! Are you too good for your HOME? ANSWER ME! SUCK MY WHITE ASS, BALL! That's Bitcoin right now, not getting to and past $500. It will, just getting impatient waiting. And today, my friends, we have beat this goal. I expected it to do so 2 days ago, but oh well. |
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KimNam
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May 22, 2014, 06:57:07 AM |
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bye bye bears, we are welcoming bulls BTC prices above $500 is good sign |
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serenitys
Full Member
Offline
Activity: 126
Merit: 101
Be Here Now
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May 22, 2014, 06:57:42 AM |
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I think it's Santa Bulloclaus leaving a present for the ones who are sleeping and missed it  It hit 518, then 517... And it's Thursday! Don't remember what thread that was on but several were noting that things happen on Thursday. I was just about to go to bed and glanced one more time and watched it jump hard from 506. Question - the green bid and the red ask - is this correct: bid is the buyer and red is the seller? |
You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
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NWO
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May 22, 2014, 07:21:59 AM |
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Just look at Bitcoin's price history/ trends and you will realize. We are approaching that time again |
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SirChiko
Legendary
Offline
Activity: 966
Merit: 1000
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May 22, 2014, 07:29:18 AM |
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Ahh...i withdrawed few coins just few hours before the jump.
But hey, we are stabilising around 513!
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The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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