Anyone know whats going on with BTCe?

[yrtrnc]

BTCe Bitcoin price has been climbing for the last 15 hours. Other exchanges have been relatively stable in comparison. Any ideas?

[Boxman90]

They were trailing behind 100 USD all week, and the gap is now closing. Early in this week, so new money probably flowed in allowing heavy arbitrage possibilities.

[yrtrnc]

They were trailing behind 100 USD all week, and the gap is now closing. Early in this week, so new money probably flowed in allowing heavy arbitrage possibilities.

Sounds about right I guess.

[troy112]

Arbitrage... People taking opportunity of the price difference. As soon as world goes stable about what reforms to get for bitcoin in current environment, all exchages will move at same pace..

[piramida]

Russian state-controlled TV news channel has been running a very thorough and positive piece on Bitcoins (abt 15 minute long)  for the last two days. This is a big buy signal for all the oil money, add to that tightening banking regulations and banks being closed left and right... You get the picture, may easily catch up to the crazy level of chinese.

See it here, you have to know russian though: http://www.youtube.com/watch?v=E9Fgivv6reE

[Bitsinmyhead]

See it here, you have to know russian though: http://www.youtube.com/watch?v=E9Fgivv6reE

Thanks, I was able to understand most of it using the youtube caption translate function. Seemed pretty balanced.

[piramida]

See it here, you have to know russian though: http://www.youtube.com/watch?v=E9Fgivv6reE

Thanks, I was able to understand most of it using the youtube caption translate function. Seemed pretty balanced.

Yes, a good overview without any factually incorrect statements, surprising. The title did say "money out of air", but other than that, no negativity

Much better than New York Times "articles" written by some completely clueless people.