Bitcoin price just hit $316 and i don't understand why.
Is this just a simple pump or china is buying lots of bitcoins.
I think that this week we will reach 340 USD very soon.
I thinks its China buying. There is huge volume on Chinese Exchanges.
Right. I read these news articles somewhere and also on some threads chinese officials unofficially give their heads up on bitcoin. I just hope chinese whales won't be dumping huge volumes all at once or else price goes down.
I hope the price to be increased to $400 soon.
If the chinese government starts buying the price is increaseing.
And i don't think that they would dump the price, if that happens the the price can go below 200 dollars very fast.
Where do u get the information on that chinese government is putting their currency into bitcoin?
The initial huge increasement is due to sudden increase demand in the chinese bitcoin exchange platform.
I wanna ask, if u see people trade in chinese platform, can u assume that they are chinese doing the market now?
According to many coindesk, the bitcoin has increased from 279.36(24/10) to 332.08(30/10) with a 19% increasement.
The increasement is most probably due to mmm scam in china, if u know chinese you can google it.
But the mmm is a pyramid marketing, it need time to attract and ask people to join, if u check again the increasement percentage from day to day,
the increasement isn't increasing sharply,this is contradical to pyramid marketing, if mmm is really boosting its potential, so i advise pls be careful.
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