Bitcoin Forum

I was reading somewhere that russia is going to ban cryptocurrency and people are predicting latest paris attack involves bitcoin transactions. All this thing should have lower the price but we are seeing steady rising curve on price.

What can be the reason of this?

return to the last peak of the previous pump? remember that we touched almost 500, so 360 does not feel that great at the moment

also the paris attack involving bitcoin, was kind a fake news, there is no real way to prove that they were using bitcoin

You are giving to bitcoin something that it have not yet. The power to reflect various world happenings very different between those and with to much spread. But even happen in much different times between those. To remember even the fact that bitcoin has not ethics or something like that which can affect its price.

Russia has banned bitcoin time ago. Cannot be pretended that that decision made time ago affect bitcoin this month. Then to not forget that in Russia flourishes the bitcoin black market which circulate big amounts of bitcoin. Then the attack of Paris is something that has nothing to do with the price of bitcoin even if can be true that is used bitcoin for something (any kind of thing) involved on it. About 80-90% of all the amount of bitcoin in circulation is used in Dark Web. So for the bought of illegal things. That mean that the price of it will go (or must be) 10 us dollar one bitcoin?

Anyone who want that it must or can be used as more as it can be possible tell that bitcoin need cleaning. This process can be helped from its regulation and legalization. Only after this cleaning bitcoin can begin the reflection of such kind of happenings. In the time when those happen, if are important and not isolated or lateral events regarding it (such is the case of Paris) and just in time, not after months or weeks.

Have you a reference for this statement? (About 80-90% of all the amount of bitcoin in circulation is used in Dark Web) 

Cash is used for the "bought of illegal things" also.  and were do you get the $10 price tag from.  cant wait for that to happen so i can BUY BUY BUY....

Well if something allegedly going to be banned sometimes in the future that used to have little effect on the current actual price. In addition if they ban it then what? Russians are quite clever people and they have a long history of doing business with banned goods and services, so I guess they not going to be very desperate because of this new ban in a long row :).
BTC involvement in the Paris attack was clearly a bullshit. I guess someone in the EP was shorting BTC :). BTW if BTC was involved that's not a big issue, probably much more Euros in cash was also involved, but I don't hear any moaning about banning Euros or cash payments.

As most BTC users are used to be intelligent, informed and sceptic about govt BS, I'm not surprised because of the little effect of these two news.

Publishing and spreading FUD doesn't mean that it will always work out! ;)
There are no specific reasons for the rise.At least this is my opinion.
Right now it's just more buyers than sellers.Typical market behaviour.

People simply don't care anymore about the shitty anti Bitcoin campaign from the media. I am happy to see that at this point people have become less impacted by news, be it good or bad news.

I think the current price is just mirroring the good sentiment at this point. All the shitty anti Bitcoin articles have had zero impact lately. Good job!

Yes, but those are two negative news in the sea of positive news that have happened lately! Also, the news about the terrorists is a complete BS if you are asking me, nothing to worry about this one.

Even the news reporter that has written these accusations has admitted later that he was wrong.

Never mind the Russian news, they issue a statement "banning" bitcoin every few months. The terrorist attacks were not bitcoin funded. Bitcoin used to be really sensitive to negative news. Now that bitcoin is down for so long, we need really bad news to sink further down. I believe we care back to fundamentals now, and they are pointing up.

Every other week Russia is banning cryptocurrency, it's nothing to really care about. I remember back in 2013 everyone on this forum was losing it because Russia was saying they intended to ban Bitcoin. It's probably the news anyone around here cares the least about.

As for the Paris attacks having been funded by Bitcoin, unless there is a large amount of evidence to prove this claim, I'd take it with a grain of salt. There are always people trying to push some agenda, and theirs specifically is making sure no-one gets to have with cryptocurrencies.

The reason is that the manipulators of this market though it was time for a new pump. And so they started.

If you really think it is influenced by any event; politic or economic then think again. When was the price ever NOT hyped..Exactly never.

It's not that there is no reason, no reason is also an answer for the questions were not allowed to know (yet,soon,never know,etc).

It's mainly people realizing that the Paris attacks and Bitcoin have no real connection; they're beginning to make sense xD

I'd love to believe that Bitcoin's community is doing all it can to raise the price, not just hodling. ;)

Its annoying that even if bitcoin was used by terrorists that it would affect btc.
If a terrorist used gold to buy bombs would that matter? lets bad gold!

The terrorist used a ball point pen to send a letter omg ban them also! (a reach but you get the point)

Its just so annoying when people blame the wand and not the wizard.

The reason for the price specifically was manifested to confuse you OP.

FUCK THEY WERE USING TOYOTA TRUCKS, AND GUNS FROM WHAT DEALERS, THEY HAVE TONS OF WEBSITES UP AND USING TWITTER jesus christ. BAN IT ALL

Well said. This is just another pump and dump scheme.

No news and suddenly a rise? Who are they kidding. I think many people will buy coins and then see their money has become worth only 80%

and why there should be a good news everytime we need an increase? no sense, the price can increase because, simply, more people started to buy more, the demand is increased

russia banning bitcoin, cannot certainly do anything, when in russia people don't even now what bitcoin is, basically their ban is pointless to consider as a form of impact on the market

Governments will grab anything to make Bitcoin look bad. It isn't the first time, and certainly won't be the last time. Terrorist can and do use anything with value to finance their bad activities. But only Bitcoin will be picked out, and threated like it's all Bitcoin's fault.

Well said. Most people are ignorant and will start complaining when they lose money.

Perhaps the best thing that has come is we are finally out of the 200 area.

I don't think the past two days were a bubble - just increased volatility compared to the beginning of the year. The run up in October yes, that exponential growth was fueled by hysteria and I'd call that a bubbble.

All of you are so wrong!

The real reason is this:

Satoshi Nakamoto FARTED and MOVED his coins!!!

joke aside, it could certainly be that satoshi is playing with the market and his 1M coins, whit that amount he can manipulate any exchange like nothing, he can even manipulate multiple exchange without problem

Come on I thought Satoshis addresses are well known and monitored all of the time! If he would move one his coin the whole Bitcoin world would know this in the next 5 minutes!

I highly doubt this is possible!

not all of his coins are well known, he was mining even when other joined(and you was still able to mine a big portion each day, for example one person that i know was mining 1k btc every 3 days in the summer of 2010), so a big fortune is still unknown, he only need 100k to move the market

Amph, you take me too seriously!!! I'm just a troll, didn't you know???

Just kidding, as usual.

Does anyone know if China led the price movement this time too?

a small correction here... people assume to know what addresses satoshi owns. it could very well be another very early miner with still a lot untouched coins in his/her wallet. i really don't think satoshi is playing with his coins at all. it would simply draw too much attention as there arent many peope with such a load of coins.

@OP,
If and when you are talking about bubble, you should definitely consider China (the big whales) to be behind such situations who like to repeat things by manipulating the markets, getting people into buy mode, cheating them and dumping onto them...

If there is no reason behind any price rise, there is just one thing, and that's MANIPULATION...