Bitcoin Forum

The very new run up could be caused by the imminent collapse in Venezuela.  Could go to $500 by end of the week.

Does anyone care about this other than Venezuelans? I can see why Greece was a big deal in the minds of many here but even then it didn't really have much effect on bitcoin. I don't see why this would.

They don't seem to have any electricity, so internet connections must be limited.

The probability of a hard fork to Classic is down, more likely the reason.

Can you explain this one?  ???
I am also feeling afraid about this recent debate about blocksize and wallet to be used.

Is there any source which indicate this pump is from venezuela? ::)

Dude, please Venezuela isn't so old and poor for it to have no electricity xD

But yeah it's unlikely to be correlated. At least me I don't see why it would.

Well the major actors of btc said they didn't want to make any hard fork. Which means it won't have consequences on your coins or your wallet. Which means everyone is cool now ^^

Was that ever considered a realistic possibility? I'm guessing it's more to down to general lack of confidence, not it being a real prospect.

can we move this to price speculation?

Venezuela have a lot of economical problems, and don't allow move your money to other countries. But you can see that other countries have problems the list is very large: Venezuela, Argentina, Greece, Spain, Italy, China, Rusia ... and now the deustche bank is having problems ... All this facts can help bitcoin to increase its interest.

wow it feel sooo releifed now. Thanks for clearing my doubt friend So there will be no two types of bitcoin anymore? ???

do we really need a good news for bitcoin, to actually have a genuine pump?

i think we are not going to reach adoption, by riding good news(which are bad news for fiat money) each time we need to increase the value

I was in Venezuela last year on a stopover and let me tell you, most Venezuelan's don't have any money to begin with. How are they going to convert what they don't even have to bitcoin?

Good news for bitcoin is not required, but it sure helps. A lack of bad BTC news combined with other fundamentals could fuel a sustained rally.
Nice to be back over $400 again.  :)

I believe it's just overflow from Ethereum dump

Yes indeed. Worrying enough to major players to make trips to China to encourage miners to stay with Core. Right now it seems more probable that miners will stay with the Core roadmap (https://bitcoincore.org/en/2015/12/23/capacity-increases-faq/). However if there are delays it would be simple for mining pools to switch to Classic should they decide they want a hard fork.

If you look at bitcoin price over the past 7 months price trends down when there are many news articles about an impending hard fork. When miners publicly state they will stay with Core price trends back up. Bitcoin Magazine (no connection) published an article (https://bitcoinmagazine.com/articles/bitcoin-roundtable-announcement-thwarts-bitcoin-classic-launch-1455412826) yesterday that was an open letter signed by mining pools stating they would not switch to Classic and bitcoin price is now over $400.

Let's speculate here itself and what do you think will be Bitcoin's price by the end of this month ? As far as my knowledge I think it will be around $400

Let's hope it. But honestly, don't count on it.
There are many factors which influence the price, and the whales are the main reason.

Lol. The price went up a few bucks and people directly start with speculating where this "rise" came from. It's nothing special. The market has been moving up and down for more than a year. Some times it has a reason, but this time it's a normal market reaction. Nothing to be excited about.

yes, I think of Greece and think 'Nothing to See Here People, move along'.  Don't think it is Greece, not sure about this rise.