Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Let's analyse Bitcoin's recent market rise
by
socks435
on 24/02/2019, 17:23:45 UTC
Quote from: Jamesib1 on February 24, 2019, 05:04:01 PM
Quote from: NeuroticFish on February 24, 2019, 11:20:31 AM
Quote from: Jamesib1 on February 24, 2019, 09:45:41 AM
Let's take a look at the more recent events. The rise on 17/02/2019 was almost when JPM announced his crypto. The announcement was on 14/02/2019 but I guess the market needed a few days to make the needed corrections to BTC's price.

JPScam was not a trigger. And that's why current developments don't add up.
You've missed the news about Nasdaq adding Bitcoin and Ethereum price indices. The news came out in February 14th and the listing will happen tomorrow (Feb 25). And this covers both.

Ethereum hard fork (February 28) may also count.


We have a busy week ahead of us  Cheesy

You are totally right! I missed the news about Nasdaq and the ETH fork. Yet, it seems that it was another pump&dump as we just saw a 5% fall  Angry
Honestly, it's not exactly a pump and dump I think this is a bull trap because they push the price high slowly then drop a bit to let other investors come to buy bitcoins. If we see the price is increasing again soon well expect for another price dump so that they can harvest their profit.

I know that the ETH fork and the news about Bitcoin ETF is also help why the price of bitcoin is gaining slowly and I am sure big traders are the first to buy bitcoin before the price pump because I noticed a big amount of USDT are converted to bitcoin.