any reason for the prices going up today ?

[KIRAZ]

That was coz of Margin call and leveraged traders, looks like they have done the damage already now it will be head back to normal.
Look at the chart right there : http://www.reddit.com/r/BitcoinMarkets/comments/2dvo1k/margin_cascade_on_btce/

[datehunter]

The reason for today rally could be that we have really hit the bottom price.

[silversmith]

When falllling wakes up on the right side of the bed bitcoin goes up. When he wakes up on the left side bitcoin goes down. Back test it and see for yourself. The numbers don't lie.

[FattyMcButterpants]

Hi !

This is crazy, yesterday, the Bitcoin price hit ~$300 on BTC-E, now is climbing again from $470.
Are we escaped from the bear trap ?
Here come another question: why on Bitstamp the rices are always highest than rest of the exchanges ?

the ~$300 was just a result of margin calls, didn't see that on other exchanges obviously, so that's not the best starting point. arbitrage filled the gap.

anyway, it's a "sucker rally" for now. but could prove otherwise. need to wait and see me thinks.

[falllling]

That $300 sell order was a bit strange you have to admit.

they are just some hurry smart money running because they see the downfall of bitcoin, next week we might hit $2xx

[nuff]

the reason? the resilience of bitcoin. at $300 practically all miners would need to shut down because they are only generating losses.

[FattyMcButterpants]

anyway, it's a "sucker rally" for now. but could prove otherwise. need to wait and see me thinks.

yep, it was a sucker rally me thinks. time to retest the lows. $400 and under is off the table by no means this time. let the chips fall where they may -- just be sure to keep some low bids for them margin calls.

[DRK]

That $300 sell order was a bit strange you have to admit.

Very very unusual. Someone really panicked

[falllling]

That $300 sell order was a bit strange you have to admit.

Very very unusual. Someone really panicked

inside info? downfall of bitcoin incoming? bug found? huge world ban? satoshi / big whale is going to cash out?

[Wafel16]

What all bad occured[dumping of coins and selling low] is gone now, and BTC will recover. The rate is slow yet consistent. However don't expect exponential rise.

[AceWallen]

That $300 sell order was a bit strange you have to admit.

Very very unusual. Someone really panicked

if i were.... a less ethical person.... *ahem*.... and i had a lot of bitcoin. i might, knowing BTC-E's orderbook, initiate a string of stops and margin calls right into my bids. instant 20-30% gain right there.

like the rest of the market is gonna follow BTC-E, right? so then you're back in the money instantly...

[fonsie]

That $300 sell order was a bit strange you have to admit.

Very very unusual. Someone really panicked

inside info? downfall of bitcoin incoming? bug found? huge world ban? satoshi / big whale is going to cash out?

inside info? NO
downfall of bitcoin incoming? NO
bug found? NO
huge world ban? NO
satoshi / big whale is going to cash out? NO


Now you tell me why it went down...? In suspense awaiting, with what bullshit answer you come up next.