Bitcoin Forum

Bitcoins about to blow again.  Speculation of more Yuan devaluation.

http://www.cnbc.com/2016/01/07/us-markets.html

Getting to crazy geeze

The bitcoin price is being increased good today, only today it has an increase of $26.87 which is +6%

Another interesting short article which will give us a bit more attentioin.
Also check out the comments below or write a short statement if you have an account there.

http://www.cnbc.com/2016/01/07/as-global-markets-flounder-bitcoin-rockets-up-6.html (http://www.cnbc.com/2016/01/07/as-global-markets-flounder-bitcoin-rockets-up-6.html)

Yuan may in fact crash, but I'm not sure btc is the go-to thing.  I'd think precious metals might get a boost before bitcoin does, but I could be mistaken.  China has the most miners and the most invested in bitcoin if I'm not mistaken.  Also the most amount of counterfeit goods I've ever seen in my life.

Agree bitcoin is way overhyped

Bitcoin may get a small pump in this situation but gold is what is really going to the moon

Last time Chinese markets opened for Bitcoin we had the biggest pump in history. If they start seeing it as a way to escape devaluation it may happen again and it won't matter if Bitcoin is overpriced, overhyped and all that. They will still use it along with other things like gold, art, stones, just to differentiate.

Bitcoin is not overhyped by far. It is hardly known to most stock investors that are all shitting their pants now.

There have been a lot of warnings last year that a massive crash was due to happen on the stock market, but it is getting quite bad right now..

If bitcoin gets a little piece of the action, we will see massive gains.

bitcoin is definitely not overhyped. it might have been overhyped a bit back in 2013 when we have seen the price go over $1100. but as you probably already have seen, it was dumped down due to a combination with bad news.

I don't think it will explode just yet. If this market keeps up for a few weeks maybe but I don't think it will cause much major changes (>25% swings)

still people forget about the fact that bitcoin is worth 6B in market cap only, which is total no-sense for such a great technology

bitcoin real value should be at least on par with gold and surely not less than 1T

The Chinese again...

We only need another Gox to make the last ATH looks like a joke. But there are rumors that the chinese exchanges have mostly fake volumes, so...

I guess this is why they are into Bitcoins, as even if their currency itself crashes, they may get out with some huge profits from the world's capitalization that is being gained by growth in Bitcoin's price...