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Title: What started the recent price rise in BTC? Post by: Pangia on December 06, 2013, 09:33:35 PM What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range?
Title: Re: What started the recent price rise in BTC? Post by: Fiyasko on December 06, 2013, 09:37:28 PM What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range? Many believe it was the Chinese adoption of bitcoin and the Chinese trying to Artifically boost the value to 8888Yuan, (eight is a lucky number)Title: Re: What started the recent price rise in BTC? Post by: Mylon on December 06, 2013, 09:49:21 PM Combo of US regulators taking a positive stance on Bitcoin and at the same time the Chinese going nuts into it.
Title: Re: What started the recent price rise in BTC? Post by: Pangia on December 06, 2013, 09:53:33 PM ok. I thought that it was the announcement that Baidu was accepting BTC's.
Title: Re: What started the recent price rise in BTC? Post by: Wilhelm on December 06, 2013, 09:56:32 PM Marketing :)
Title: Re: What started the recent price rise in BTC? Post by: pertranex on December 06, 2013, 11:15:20 PM China China China
Title: Re: What started the recent price rise in BTC? Post by: seanneko on December 06, 2013, 11:17:17 PM The Norweigan guy finding out he had $880k. That was pretty much the beginning of the rally. Everything else was just fuel on the fire.
Title: Re: What started the recent price rise in BTC? Post by: Luckybit on December 06, 2013, 11:21:25 PM What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range? Institutional investors. It all started with the creation and launch of the Bitcoin Investment Trust in September. Title: Re: What started the recent price rise in BTC? Post by: pand70 on December 06, 2013, 11:27:00 PM It was china. With chinese exchanges even hitting 1000$ way before anyone else did and news like baidu accepting bitcoins flawing all over the place. And that explains the recent drop. China drives the price both ways.
Title: Re: What started the recent price rise in BTC? Post by: rampantparanoia on December 06, 2013, 11:40:41 PM i had a boner, and bitcoin thought "the trend is my friend"...
recently i've gone a little soft. Title: Re: What started the recent price rise in BTC? Post by: pera on December 06, 2013, 11:41:51 PM Combo of US regulators taking a positive stance on Bitcoin and at the same time the Chinese going nuts into it. you mean the US senate hearings? the price was already at 900 (iirc) when that happened, and also it was just a hearing... only useful for speculationthe whole price rise started with china panic buying, right after the baidu branch thing Title: Re: What started the recent price rise in BTC? Post by: chrsjrcj on December 06, 2013, 11:41:59 PM More buyers than sellers.
Title: Re: What started the recent price rise in BTC? Post by: balanghai on December 06, 2013, 11:45:05 PM Bitcoin being more scarce and difficult to mine. Lesser and lesser coins go to small time miners.
Title: Re: What started the recent price rise in BTC? Post by: Walsoraj on December 07, 2013, 12:01:35 AM What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range? Money launderers and algo traders who were attracted to btcchina because it offered zero trade fees and didn't require ID verification. Title: Re: What started the recent price rise in BTC? Post by: windjc on December 07, 2013, 12:04:24 AM Some really answers in this thread. The price rise from the $120s started with real money coming from places like Second Market. It grew from there to $200. Bitstamp led the uptrend from $200 while China lagged.
It wasn't until a few days later that China caught fire. But this rally was not and IS not all about China. Fools repeat fools. Look deeper and you will see. Title: Re: What started the recent price rise in BTC? Post by: windjc on December 07, 2013, 12:05:11 AM What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range? Money launderers and algo traders who were attracted to btcchina because it offered zero trade fees and didn't require ID verification. False. This guy is one tone. Boring. Go home. Quit playing. Leave the game. You s*ck. |