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Title: Why do you think BTC price is increasing so fast? Post by: WEB slicer on November 18, 2013, 05:17:49 AM i think china is a big part of it. they do have the largest population. i hear BTC china is now the largest exchange too.
i think BIG money might have something to do with it too. BTC got the attention of people with deep pockets. i wonder if they are manipulating the market. Title: Re: Why do you think BTC price is increasing so fast? Post by: Satobit on November 18, 2013, 05:23:09 AM It's in some government's interest to use bitcoin to end the US dollar hegemony.
Title: Re: Why do you think BTC price is increasing so fast? Post by: notme on November 18, 2013, 05:25:03 AM Only 21 million ever.
Title: Re: Why do you think BTC price is increasing so fast? Post by: sunnankar on November 18, 2013, 05:49:19 AM i think BIG money might have something to do with it too. BTC got the attention of people with deep pockets. The Bitcoin float is waaaaaaay too small at current prices to accomodate any meaningful or material amount of capital from 'BIG' money. Consequently, if any HNWIs, hedge funds, etc. want an asset that cannot be seized, inflated, confiscated, is not subject to counter-party risk, is increasingly liquid with exchanges coming online, etc. then they will have to keep paying increased prices. For some comparability to other assets, economies, or currencies just see this infographic from RunToBitcoin (http://www.runtobitcoin.com). http://www.runtogold.com/images/potential-bitcoin-prices.jpg Title: Re: Why do you think BTC price is increasing so fast? Post by: MicroGuy on November 18, 2013, 05:51:18 AM i think china is a big part of it. they do have the largest population. i hear BTC china is now the largest exchange too. i think BIG money might have something to do with it too. BTC got the attention of people with deep pockets. i wonder if they are manipulating the market. It's because the public has not caught on to the emerging altcoin movement. Once people realize there's more than one make and model of automobile capital will begin flowing into the other automakers. Bitcoin POS hardware will be updated to accept multiple coins and consumer demand will catapult the most competitive altcoins into the stratosphere. Title: Re: Why do you think BTC price is increasing so fast? Post by: smoothie on November 18, 2013, 06:02:16 AM Price usually goes up because people are buying.
Title: Re: Why do you think BTC price is increasing so fast? Post by: LightningBlade on November 18, 2013, 06:15:43 AM BTC is over speculated by China......
Title: Re: Why do you think BTC price is increasing so fast? Post by: Siegfried on November 18, 2013, 07:18:58 AM It's in some government's interest to use bitcoin to end the US dollar hegemony. I sincerely hope that is the case. |
