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Author Topic: Why is the bitcoin price rising rapidly today?  (Read 2271 times)
cuddaloreappu (OP)
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May 25, 2014, 07:51:28 AM
 #1

we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?
pr0d1gy
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May 25, 2014, 07:54:00 AM
 #2

we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?

Yea, past week has been good week, I guess... Maybe the price being stable for so long got people coming jumpin on the band wagon. Either way, happy its moving somewhere now.

Set Escrow
¯\_(ツ)_/¯
bluemaster
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May 25, 2014, 08:12:23 AM
 #3

looks to me like short squeeze ?
Chrithu
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May 25, 2014, 08:15:49 AM
Last edit: May 25, 2014, 09:24:44 AM by Chrithu
 #4

Maybe it is because of the news about ebay/paypal planning to get involved in bitcoin. Not sure though if that necessarily is a good thing.

haploid23
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May 25, 2014, 08:17:17 AM
 #5

Because Chuck Norris bought 1 bitcoin.

This really belongs in the speculation section.

balu2
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May 25, 2014, 08:19:25 AM
 #6

the reason is that every bear with a brain needs to turn to a bull at one point and vice versa. It can't go down forever.
zimmah
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May 25, 2014, 08:57:12 AM
 #7

we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?

Just market momentum. Hundreds if not thousands of people have been expecting a bull run around this time. Now it's finally happening. News has nothing to do with it. Bitcoin does what bitcoin does.
Trinxer
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May 25, 2014, 09:45:32 AM
 #8

Because bitstamp is about to do a mt.gox and is selling everyone's coins on them without them knowing. When bitcoin price rises something shonky is going on.
porcupine87
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May 25, 2014, 09:49:11 AM
 #9

Maybe it is because of the news about ebay/paypal planning to get involved in bitcoin. Not sure though if that necessarily is a good thing.

They are telling this every few months. Maybe because Richard Bransen invested in Bitpay? Maybe because there were no bad news for a while?

I am very scepitical...

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
Wandererfromthenorth
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May 25, 2014, 09:51:34 AM
 #10

Because bitstamp is about to do a mt.gox and is selling everyone's coins on them without them knowing. When bitcoin price rises something shonky is going on.
Stop with this bitstamp doing a "stamping" thing pls.
Withdrawals work just fine after you send all the info (aka no withdrawal issues), they are only paranoid about money laundering issues.
blatchcorn
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May 25, 2014, 10:03:08 AM
 #11

Because everyone wants to buy part of the world's future money supply
cypherdoc
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May 25, 2014, 10:33:47 AM
 #12

the reason is that every bear with a brain needs to turn to a bull at one point and vice versa. It can't go down forever.

Bears have brains?

This is Bitcoin!
Wilhelm
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May 25, 2014, 11:34:45 AM
 #13

we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?

Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better Smiley
Once you go past the tipping point there is no holding back  Cheesy

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
davidgdg
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May 25, 2014, 11:38:49 AM
 #14

we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?

Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better Smiley
Once you go past the tipping point there is no holding back  Cheesy

There are a number of problems with that analogy .....

"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"
Wilhelm
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May 25, 2014, 01:58:19 PM
 #15

we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?

Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better Smiley
Once you go past the tipping point there is no holding back  Cheesy

There are a number of problems with that analogy .....

Yes bitcoin doesn't have magic blue pills for bear markets?

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
JimboToronto
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May 25, 2014, 02:06:26 PM
 #16

the reason is that every bear with a brain needs to turn to a bull at one point and vice versa. It can't go down forever.

Bears have brains?

This is Bitcoin!

Damn.

You stole my post.

Word for word, or at least the first sentence.



 Smiley
21pilot
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May 25, 2014, 02:14:33 PM
 #17

Because bitstamp is about to do a mt.gox and is selling everyone's coins on them without them knowing. When bitcoin price rises something shonky is going on.
Stop with this bitstamp doing a "stamping" thing pls.
Withdrawals work just fine after you send all the info (aka no withdrawal issues), they are only paranoid about money laundering issues.

they cater various European states with different money laundering laws.
Therefore I can see the need for a very strict KYC/AML system in order to fulfill the laws of 40+ countries regarding
money laundering at once.
segeln
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May 25, 2014, 03:49:16 PM
 #18

we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?

Bitcoin is like sex, you hold back for as long as you can, because you know the orgasm will be better Smiley
Once you go past the tipping point there is no holding back  Cheesy
Wilhelm,Wilhelm Wink Wink Shocked Shocked
DustyRah
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May 25, 2014, 04:06:18 PM
 #19

Its rising because no one wants to sell. With positive technicals at this time and only more neutral and positive news, BTC has a solid chance to rise in a stable manner now.
bitleif
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May 25, 2014, 04:12:15 PM
 #20

we are gonna hit 10% increase today..something not seen for a couple of months happens today...but what is the reason?

Why do some people need to get a narrative explanation behind every single market move?  Tongue
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