Bitcoin Forum

https://techcrunch.com/2017/05/24/naspers-coins-ph-unbanked-bitcoin-fintech/

No wonder the Asian markets are going through the roof. This is last chance to jump on the moonship. 🚀 🌖

this makes me regret everytime i sold a BTC  :P

Ditto but that line of thinking will get you down in the dumps real quick.  I'm more interested in knowing where this money is coming from, because it certainly is obvious that it's pouring in (though not literally).  You think it's Japan?   I'm thinking it's from all over, but I don't have any proof.   This is big bucks that drove the price to almost $2400...not likely to be a small country like Japan.

High volume coming from Japan and Korea recently but yeah its everyone from the world buying a little at a time  ;D

I read yesterday that Bitcoin brokers are struggling to supply coins for the fresh demand. That was from the Netherlands so I think this is all over the world.

More and more countries are legalizing btc so people are buying it.


A lot of people don't realize this, but the reason other countries didn't have many average people buy bitcoin is due to their law structure and their norms.

The example is that in USA if there is no law one way or the other, it is reasonable to assume you are allowed to do something until a law is put forward, and that you likely would not be charged for something you did while there was no specific law on that thing.. Btc didn't have any rulings on it for awhile, yet we are all perfectly content to invest into it amd use the system. We know that we will largely not get into trouble by using it.

Other countries are the opposite. Average people there will not use bitcoin because they wait for a law to be made so they do not get into trouble. Many countries operate this way so that is why we will continue to see money poured into btc. More and more countries are giving legal rulings and that signals average people they are ok and will not be breaking law.

I think its like the saying, any news is good publicity!

the recent ransomware virus reached all news bulletins and the great
thing was they were looking for  B I T C O I N  as payment, this brought
Bitcoin again into the public domain, Print, Radio, T.V and Online
and may not have been a bad thing at all!

there has also been a lot of positive news lately regarding Japan and Australia
this can also serve to attract new people into Bitcoin.

Ransomware has nothing to do with price rise. Attacks like this happened before and actualy are happening all the time but don't influence Bitcoin price in positive way. I would say that there is some interest and some big power behind this price movement. Let's just hope nothing bad will happen.

there are a lot more reasons for the rise and the injection of the new money into bitcoin, and that is always the case when there is a big price rise like this, people simply start to FOMO buy everything which is a little scary to be honest because the same people will panic sell!

The Asian markets are opening up again, so the money will come in quicker now. I think the positive news about possible scaling is also driving

this... just imagine what will happen when Bitcoin has no scaling issues. I know of a few companies that are waiting for Bitcoin to sort out their

scaling issues, before they are willing to get on board. { They like the fact that Bitcoin has such a huge decentralized network and strong security,

compared to other Alt coins, so they are willing to wait. }  ;D

I fully agree with you. The attacks asking for BTCs would influence Bitcoin negatively and it didn't happen, so I believe it was insignificant. About the interests behind this high BTC movement is still an incognit, maybe the billionaries are migrating part of their fortunes to Bitcoins... The price movement is absurdly increasing!

I didnt say ransonware had anything to do with the price rise
I said the publicity surrounding it would have brought it into
the public domain.

This serves as a stimulator for people who may not know [and there are people out there]
to investigate what it is.

"every little helps!!"

If anything ransomware would hurt Bitcoin's reputation; just like the darknets hurt it's reputation (and thus price) a number of years back.

I have to pay more than %20 to be able to buy bitcoins on cex.io now. I remember it well it was 10% or something a while ago.

Check this out: http://www.zerohedge.com/news/2017-05-22/bitcoin-blasts-through-2200-heres-why

In some Eastern countries like Korea, the premium became %27!!! That means people are willingly paying %27 more than the spot market price just to be able to buy them.

When mikenz (https://bitcointalk.org/index.php?action=profile;u=179396) said that "there aren't enough bitcoins for everyone (https://bitcointalk.org/index.php?topic=1899530.0)", i guess he was right.

To be honest i am scared to buy in a time like this though...whether if there is enough of supply or not. ???

We cant blame bitcoin for that,investors are turning thier head into bitcoin cause its the highly in demand asset this time, if this will continue through out the year, $5k could be possible.

If I may put a little spin on it. "Good or Bad publicity, it is still publicity".

I agree with the OP, Japan and South Korea has pouring their money into bitcoin as a investments. The price of bitcoin in South Korea reaches as high as $2850!!! Australia will be joining the fray in over a month now. Ransomware also put some publicity since last week, so people now are curious as to why it chooses bitcoin as mode of payment. So it just put bitcoin to a new pedestal now, that's why the price is so strong.

Yeah, I agree with you Kprawn.  Asia buying big seems to be true, bigly!  The new all time highs are high enough to get lots of attention, so more people will become interested.

And, yes 1000%, that if the scaling problem compromise does happen, companies will enter the BTC system, then we see more majestic rises.  The more companies and merchants who join the Bitcoin Ecosystem, the stronger it gets, the higher the BTC price goes.

Of course everyone should be aware of the fact that a huge BTC price swing down is likely any day now.  An opportunity if so.  :)

I didn't know they also offered services for Thailand.
Coins.ph is doing a good job here in the Philippines for making bitcoin users feel the convenience of a fiat to bitcoin transfer and vice versa.
Good luck to Coins.ph and I hope this wallet site gets more huge while bitcoin is going up with them.
It is a cool read. Thanks.

lol this page is fulll of alot of speculation..

but when you look at the volume of trading and the depth of orders and resistance points you see that there is not much big money jumping into bitcoin exchanges.

most of it is hype, such as 'need to keep getting people to buy before people start to sell or the speculative bubble will burst'

..
as you can see it hasnt taken much to move the markets
https://i.imgur.com/tIw8c2d.png

I think the price will keep increasing every week

More and more? Meaning how many did a full legalization? I'm not talking about allowing people to use it, but making laws that allow it to be recognizable by authorities.
Legalization doesn't mean acceptance and popularization, hold your horses!
How many Japanese merchants are really using Bitcoin? This is more of a hype created by "what if" than an actual acceptance.

The time has come when short-term investors and day-trader will repent. In Asian countries bitcoin is trading at the premium of $500-600 !
It is always good to hold bitcoins for long period than putting amounts in mutual funds, banks, etc

Seems like folks are going full derp, but it remains to be seen what traditional markets do relative to bitcoin, to see if this growth will be sustained, or subject to retraction. This feels like right before MT Gox went off the rails. People kept buying despite the bubble, and when it finally popped, people were a bit salty that they had just paid 1000 for something they could later get for 400.

that's the pure definition of FOMO. if there isn't a bubble in the west, there certainly is one in the east. koreans and the japanese particularly are exactly where the chinese were in 2013, a new hype.

i guess the difference is the japanese government is fully behind bitcoin now, that still doesn't mean there won't be a horrific blowoff at some point. could be a bunch higher though.

Yeah your right! many of the country by now are legalizing the bitcoin, like in Korea, Japan, China and etc.
This is actually, a great news to all bitcoin community in the entire world.

$5000 on the end of the year. :fingers crossed:  ;D