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Title: [2015-11-05] The price of Bitcoin rallied and media, users and experts alike are Post by: milaliss on November 05, 2015, 07:43:51 PM The price of Bitcoin rallied and media, users and experts alike are debating the causes
The spectacular rally of the price of bitcoin in the past two days – it hit the $492 mark in the afternoon of November 4, 2015 – provoked numerous discussions and speculations as to the reasons behind the spectacular increase. http://www.coinfox.info/news/3592-the-price-of-bitcoin-rallied-and-media-users-and-experts-alike-are-debating-the-causes Title: Re: [2015-11-05] The price of Bitcoin rallied and media, users and experts alike are Post by: RustyNomad on November 05, 2015, 08:01:18 PM Seems like nobody really know the reason for the sharp price increase, even here on the forum. Most, myself included, believe that China had a large hand in it but who knows.
I think this guys pretty much sums it up in three words as this is really what it all boils down in the end and based on this I think we will see the price being pushed even higher in the months to come. Quote Peter Kirby, CEO at Factom, assessed the situation in even fewer words: “Demand exceeds supply.” |