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Author Topic: Any theories behind the explosion this morning?  (Read 1742 times)
hector3115
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October 26, 2014, 10:35:34 AM
 #1

Doesn't seem to be news related.  

Correction:  apparently only coindesk has the price at $435 for a 25% increase.  No one else seems to be showing that. Must be a coindesk issue.
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October 26, 2014, 11:11:51 AM
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"Dad what happens if i press that button?"
hector3115
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October 26, 2014, 11:24:15 AM
 #3

Lol, I deserve that.  But seriously, check coindesk.  They still got the price at 435.  What's the deal? 
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October 26, 2014, 11:30:41 AM
 #4

propaganda
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October 26, 2014, 11:31:26 AM
 #5

Boost their traffic?
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October 26, 2014, 11:32:09 AM
 #6

Click bait?

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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October 26, 2014, 11:38:53 AM
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hector3115
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October 26, 2014, 11:41:06 AM
 #8

well it sure is fun to watch. It's just trading away from 435 to 434 to 435 again.  I would highly recommend it.
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October 26, 2014, 08:01:32 PM
 #9

Lake BTC's own site doesn't show a spike. This seems to be Coindesk screwing up all by itself.

Coindesk: "The CoinDesk Bitcoin Price Index provides the latest and most accurate bitcoin price" ... "international reference point"

Yeah, right.  They're obviously not doing any validity checking. If there's a sudden big divergence between exchanges, that's an alarm condition in the real world, where those numbers feed trading engines.
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October 26, 2014, 09:53:04 PM
 #10

Noticed it too, didn't think anything of it myself.




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October 26, 2014, 10:28:37 PM
 #11

They have recently changed their chart to miss out the rise to $435 today. The highest price it now shows for today is about $357. It must have been a glitch in their charting software.
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October 27, 2014, 05:01:43 AM
 #12

They have recently changed their chart to miss out the rise to $435 today. The highest price it now shows for today is about $357. It must have been a glitch in their charting software.

Yep it was sometimes a site gets a weird loading error and the price spikes for no reason
Then again if only it were so easy to cause bull rallies  Grin

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October 27, 2014, 06:03:51 AM
 #13

maybe a mistype?

They meant 354, but typed 453 instead
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October 27, 2014, 06:08:52 AM
 #14

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Francesca
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October 27, 2014, 06:10:25 AM
 #15

Any explosion on that day?
RonPaulBTC
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October 27, 2014, 01:01:30 PM
 #16

Maybe someone wanted to cash out for halloween but did the opposite by accident.
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