Bitcoin Forum

I've been watching the price go up steadily the last 24 hours. Anyone have any idea what's behind this price move?

Let me guess: buyers!?

And why are they all buying today?

If I'm not mistaken, Bitcoin has recently been officially classed as a commodity in the US (by the CFTC). That means it can be traded like gold or oil at, say, Nymex (oil) or Comex (gold)...

Meanwhile, in Soviet Russia possession of Bitcoin (let alone trading) is about to become a criminal offense

you are NOT funny :(

No... they are banning it's use for buying things...  Like they are doing with the USD, etc unwittingly which is amusing to me.

Europeans buying:

http://stockcharts.com/freecharts/pnf.php?c=%24DAX,PWTADANRNO[PA][D][F1!3!!!2!20]

http://www.armstrongeconomics.com/archives/37475
http://www.armstrongeconomics.com/archives/37443

Really? What are your sources?

Mine confirm than anything including mining, trading, and even spreading information about Bitcoin as well as distributing Bitcoin related software will incur either a penalty, correctional labor, or imprisonment under a criminal prosecution. This is today's news...

There are not actual direct news supporting bitcoin growth, maybe people are just tired of low BTC price and started to invest?
My conclusion: Expect steady price action in Bitcoin over the weekend. Price might go even bigger, time to buy.

People are annoyed by their fiat money that they decided to go digital and decentralized. :D
Honestly I have no clue.I guess it's just the market. We're going up a few dollars.Nothing special so just enjoy it.

The FED's refusal to raise rates.  Yellen yelling about how she'll lower them in 2015 has calmed the run into alternatives.

PRO TIP: The fed ain't doing shit.

so many different thoughts on why the price moved up a few bucks. maybe some traders are tired of waiting and started with buying to make sure they bought in before the halving.

Actually they only are planning to do that: "According to a report of Interfax, the Russian government lately approached the regulators with its plan to criminalize the use and issuance of Bitcoin under the new money surrogate law. If enacted, the amended bill will effectively impose ban on all kind of Bitcoin activities, including trading, mining and transactions."(c)http://www.newsbtc.com/2015/09/24/russia-planning-to-criminalize-bitcoin-activities/

But that is not good either.

normal price movement, poeple should really stop worring about +-10 difference in the market, they do not mean anything

remember that price can not remain stuck all the time, it must move for whatever reason

Did I say anything to the contrary?

Well, firstly, I'm not a big fan of "Soviet Russia" as you call it (and you are right in a way, the country is really step by step going now back to it's Soviet past), but I just thought that your words



may make an impression that this is already happening right now.

Well, not totally surprised by the price movements. This is a free market wherein anyone can buy/sell whatever they want to do. If it moved $20, I might be surprised by some degree, but a small increase in $ terms isn't that much of a surprise to me at all.

Right now they are getting ready, wtf. One does not simply cancel Bitcoin

Maybe this? http://www.coindesk.com/naughty-america-re-integrates-bitcoin-payments-after-hiatus/

Maybe it's the sellers from the stock market..

Investing in something else until after the bear wave

i guess people starts using more bitcoins on the weekend so they are buying it now though that was just my guess, also it might be just a pump

Wow. That's really crazy. It's classified as an commodity in the capitalist world and illegal like drugs in Russia. Hilarious.

improved and rising prices. there may be a growing factor buyer

Exactly, the possession is not being banned and the transaction of it online is also not being banned....
The trading and use of BTC to buy goods/services is being prohibited.

but sometimes some people use it for cyber crime

simple, pump'n dump. nothing to see here. it will come back down to 225 soon.

You are highly misinformed, or underinformed. Most likely, everything related to Bitcoin in any conceivable way is going to be banned in Russia. And not just banned, but incur a criminal prosecution...

and always repeated like this. I'd like your opinion  :D

I know for sure. Yesterday I made a walking along my preferred promenade. During my walk I saw a beautiful girl who in a moment saw me too. I smiling to her and surprisingly even her smile to me. This make me happy. This happiness cause the raise of price too. That's all. Simple as one plus one make two.  :D

It's not a pump and dump but a normal market cycle movement. Market even when seems stable never stays flat. It's never a flat line. It always goes up and down slightly. Something like waves!

I guess it's because many people are buying bitcoin, so the price is rising  :)

Catalonia  independance soon maybe

I absolutely agree with you on this. The the Russian Government are evil bastards, everyone who loves freedom knows they are.

let's buy more ;)
This is soft pump before hard pump
trust me  ::)

So do you think Catalonia if it gets independent will adopt Bitcoin as a national currency? :)

No, he is telling that if Catalonia it gets independent will push up the price of bitcoin like the push up of 24th September. Then if will adopt or not bitcoin as a national currency this will be decided with referendum. It will be one like in Greece and then will be made the opposite of it that will be decided by referendum. If the people will tell yes will not be adopted. If will tell no will adopted. Just like in Greece. People voted 60% to not accept the agreement proposed by IMF, EU and ECB and Tsipras after two or three days (I don't remember the exact date) accepted another agreement which was with conditions more severe than the one which was not accepted by the Greeks. This mean intelligence and power.

I know what's was he trying to say, just was just joking. That's why I have put a smile at the end. Anyways, thanks for clarification! :)

No problem mate. Thank you too for the thanks. But I have a question. What do you think I made with my post? A clarification or something else?  ;)

I'm wondering too, why the price going higher, any thought?

Well you have definitely clarified that the person I quoted meant that the possible Catalonia independence might cause the turmoil in Europe once again and that this might cause the increase in Bitcoin price! There you go! :)

Finally. There we both go! As a conclusion I think that we must have very attention for Catalonia because from this "yet non country but maybe future country" depends the price of bitcoin. And this, for every bitcoiner, is to much important.  :D