The entire crypto market is pumping hard right now and I have no idea why.

in cryptocurrency •  7 years ago 


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BTC appears to be on a bull run and it seems to be eating away at 12k resistance. If BTC breaks through it could be a nice profit for the night.

I am hearing that its because of more Tether FUD and to expect a crash shortly after. Too me this sounds silly, I don't think tether will crash this way. It will be much more sudden. This feels like uppward preasure, and its taking all alt coins with it. This feels too good to be true.

Does anyone know what is going on or why this is happening?

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It appears the reason is there's more buying than selling.

But seriously, I think the market has dropped a crap ton in the past couple weeks and the bears have tapped out, for the time being. How much more bad news can there be? Also KR is allowing crypto trades again.

HAHA well put for sure.
And yeah the bear market has been getting pretty boring for sure. But the last true bear market in crypto was 2014 and it was an entire year long! If this bear market recovers in a month then holy shit buckle in for this bull run.

Yeah, pandora's box has been opened I guess, ppl don't think it's a scam as much as before. Still, lots of ppl still don't believe in it, but we have reached critical mass and it's hard for me to see a bear market happening :)

Bear market, more like a Beer market! :D :D :D:D:D:D

May be some big bitcoin whale in control. The volume is increased for 3 days to make price reach 12k$ then stop.

I was told today is the first day the futures contracts are cashing out.
Not sure if it has an effect but it sure is nice to watch things in the up direction.
i expect another huge drop when i sleep.
lol

Like @kjnk said the reason is because there's more buying than selling...

Didn’t all the futures contracts end on Friday?

Yeah I think so. Supposedly they are going long on this now too. That would likely explain the pump.

no idea, buddy. But since when does the market need a reason for his development?

I think the biggest Issue is that we are not making positive news. We are just waiting for states and companies to react to BTC/Crypto, while we should try to actually integrate our coins into the real world.

Yes Can not tell exactly what will happen in the currency market

If you have a look at the TA of some major coins, they are at a crossroad at the moment - especially BTC - so the market has to decide for a bigger pump or dump - and we all hope the bulls will win this race

  ·  7 years ago Reveal Comment

You have been muted.

  ·  7 years ago (edited)

This is informative and revitalizing but dont really know what to say,i think is just for a while

bitcoin is really really amazing currency in the complex economic world

its an informative info.thanks a lot for sharing..
please go ahead...