Bitcoin Price from 237.00 to 262.00 In One Day with NO NEWS

[Amph]

The recovery seems to be taking way too long but  I'm almost sure the price will recover.

the price just returned to it's normal state, after china come out of the game, now it rising steady(which is how it should be)

[jones techbit]

We're in for a wild ride and nobody knows for sure what will happen, my thought that btc will climb considerably in the coming months!

[bassclef]

Price doesn't need news to go up or down.

[AtheistAKASaneBrain]

Im I the only one that sees something wrong with this orderbook. So Thin -- and all bids jump to keep the price up -- with no sellers to speak of.. If your a trader you will know what im saying.. you seen it yourself.. Please comment.

That's how things get done. No news period with a log price period = noobs start selling out. When least expected, whales start buying in and price goes up.

[sgbett]

The recovery seems to be taking way too long but  I'm almost sure the price will recover.

On the contrary - its taking exactly as long as it needs to take!

Have you ever watched the tide come in... It doesn't look like its moving then you realise that actually it was *way* back there a little while back...

[picolo]

The recovery seems to be taking way too long but  I'm almost sure the price will recover.

the price just returned to it's normal state, after china come out of the game, now it rising steady(which is how it should be)

It feels like the end of 2013 again !

[dsly]

The recovery seems to be taking way too long but  I'm almost sure the price will recover.

the price just returned to it's normal state, after china come out of the game, now it rising steady(which is how it should be)

It feels like the end of 2013 again !

A rise of just 30$ is in no way giving people that feeling. 2013 was another crazy time, but this definitely feels good, just not as good as 2013.
However if we make it to over 300, then maybe, I would be as much happy.

[chriswen]

and 275

[finnile]

and 275

It was funny how it just touched 275 and started tumbling down again .
Day range is now .$255.61 - $275.00

[ThatDGuy]

The recovery seems to be taking way too long but  I'm almost sure the price will recover.

On the contrary - its taking exactly as long as it needs to take!

Have you ever watched the tide come in... It doesn't look like its moving then you realise that actually it was *way* back there a little while back...

This is how it works, next wave is just beginning to form now.

[MatTheCat]

Ha fools!

The real news was that MatTheCat revised his short-mid term outlook to bullish on the 26th February:

https://bitcointalk.org/index.php?topic=969039.msg10595190#msg10595190

The timing of this 'news event' fits perfectly with the break out, yet I don't see any Coindesk headlines reading 'Bitcoin Up as Forum Member Changes his Mind' tchoh...typical!

I shall let y all know when I am selling.....(looking at $400 range in the first instance)......maybe.

[randy8777]

and 275

It was funny how it just touched 275 and started tumbling down again .
Day range is now .$255.61 - $275.00

i think were going to test the 300$ very soon. the only questions is, how long can it stay above 300$
price has gone up quite a bit. there will be a dip sooner or later.

[finnile]

I'm sure it happening thanks to Kim Dotcom

https://twitter.com/KimDotcom/status/571182813937971200
https://twitter.com/KimDotcom/status/571529634069626881

Maybe we will see $300 soon too
But, some dumpers ready to dump their bitcoin if it happen

Wow , dont remember the tweet having more than 7000 retweets. It does look like its gone a long way on;y due to that.

[mattjack]

on bitcoinwisdom the average price is around $277 now, we can see $300 in 1-2 days
https://bitcoinwisdom.com/

[kashish948]

Its bcoz of the BIT news...

[HarmonLi]

Bitcoin has always been mostly fueled by speculation. The funny thing about speculation is that it doesn't need any news or new money to reach new heights... This could be the real deal, a real trend reversal, finally!

[ThatDGuy]

Bitcoin has always been mostly fueled by speculation. The funny thing about speculation is that it doesn't need any news or new money to reach new heights... This could be the real deal, a real trend reversal, finally!

I would disagree with you slightly - on the part about not needing new money.  Sure, there's plenty of money still in this space from the last run-up, but given that the supply of BTC is higher now than it was then, there would likely need to be some amount of new money to hit the same point, and also more to exceed it.

That said, I think there's plenty of speculation money paying attention after seeing what BTC did most recently in 11/13, which quickly followed 4/13.  There's money to be made.

[pooya87]

what are you talking about. there is always some news circling around bitcoin every day! everyday you can see somewhere starting to use or mention bitcoin while some other place stopped accepting bitcoin

[Kipsy89]

It's speculation, man... Bitcoin doesn't do too well when it comes to positive news, anymore. It's more and more speculation that actually drives the price now. I think it's good, no one needs artificial pumps!!!

[mmortal03]

There has been relevant news in the finance industry:

"BIT Poised to Become Publicly Traded Bitcoin Fund -- Fund has been racing against rival offering from Cameron and Tyler Winklevoss"

http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094

As well as more coverage in the print version of the WSJ (here's the digital version):

http://www.wsj.com/articles/do-cryptocurrencies-such-as-bitcoin-have-a-future-1425269375