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Author Topic: Any reason for the small pop in price?  (Read 3149 times)
nextgencoin (OP)
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February 13, 2015, 01:33:52 PM
 #1

Its not massive but there is a small pop in the price around 7.5% but its significant cause it breaks out of a narrow tradin range we have been in. Im not interested in the speculation just wondered if there has been any news that has caused it?
pawel7777
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February 13, 2015, 08:53:30 PM
 #2

Probably just a speculation/artificial pump. There are no noticeable positive news to justify it.

Good to see price going up, but there's nothing to get excited about.

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zoinky
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February 13, 2015, 08:56:46 PM
 #3

People buying coins.
arvindr
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February 13, 2015, 08:58:01 PM
 #4

People buying coins.

That is the most probable and obvious reason.

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February 13, 2015, 08:59:43 PM
 #5

Coinbase getting traction, winklevii secret launch on the 16th of March.... Who knows?

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the_sunship
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February 13, 2015, 09:16:23 PM
 #6

There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?
pawel7777
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February 13, 2015, 09:21:55 PM
 #7

There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?

Which site? Where did you see that news?

But if true, I don't think it would be that big to cause price rise. Accepting BTC along fiat is not that big of a deal, good for promoting bitcoin but wouldn't create a demand for it.

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Bralex
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February 13, 2015, 09:28:20 PM
 #8

There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?

Wow if this is true that is awesome for BTC, poker industry is massive and the good thing they will not have much of a challenge adopting it both players and sites.

Cant believe never thought about this before.

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the_sunship
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February 13, 2015, 09:30:19 PM
 #9

http://coinfire.io/2015/02/12/poker-stars-finishing-bitcoin-integration/
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February 13, 2015, 09:35:05 PM
 #10

I think there isn't a valid reason, it is only a pure speculation at the moment.
bassclef
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February 13, 2015, 09:43:31 PM
 #11

Probably just a speculation/artificial pump. There are no noticeable positive news to justify it.

Good to see price going up, but there's nothing to get excited about.

There doesn't have to be. Markets move on supply and demand and not much else.
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February 13, 2015, 10:07:33 PM
 #12


How much of a reliable source is this usually?

It says based on inside information not sure about that but who knows.

If it's true then Bitcoin is about to get an influx of new buyers this year!

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arvindr
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February 13, 2015, 10:36:55 PM
 #13


There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?
Seems you are talking about Seals of clubs updating their site and the software used. I doubt that has anything to do with the price increase.

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February 13, 2015, 10:42:39 PM
 #14

Its not massive but there is a small pop in the price around 7.5% but its significant cause it breaks out of a narrow tradin range we have been in. Im not interested in the speculation just wondered if there has been any news that has caused it?
It just seems like regular market noise to me. Nothing remarkable just yet.,
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February 13, 2015, 10:46:54 PM
 #15

People buying coins.

That is the most probable and obvious reason.

I think I'm gonna say it was this one.
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February 13, 2015, 11:01:19 PM
 #16


There was something about a major poker site which is getting ready to accept btc. If they lead the way, gambling could be huge for btc....

But who knows?
Seems you are talking about Seals of clubs updating their site and the software used. I doubt that has anything to do with the price increase.
Yup seals has nothing to do anything with the price increase. Not everyone in bitcoin is a poker player that they would purchase thousands of BTC due to that news.
But it might be due to another poker site pokerstars accepting bitcoin. But I doubt thats the reason either.

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February 14, 2015, 12:21:15 AM
 #17

I love seals but the fact they're making new software (and the fact that they've been down for 2 days) definitely isn't the main factor behind bitcoin price, ha!
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February 14, 2015, 01:11:06 AM
 #18

Talking about news driven, I expect a drop after the MyCoin incident in Hong Kong but I'm glad I was wrong on that. Price increase could by buoyed by buying demand and it's definitely not a pump here.

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February 14, 2015, 02:26:25 AM
 #19

I think it may be the google payment system implementing bitcoin, news
nextgencoin (OP)
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February 14, 2015, 06:20:28 AM
 #20

I think it may be the google payment system implementing bitcoin, news



Bingo I think you might be right. It's annoying this got moved to speculation cause I wasn't wondering about the price move but the possible News that that be causing it.
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