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Pangia (OP)
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December 06, 2013, 09:33:35 PM |
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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?
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Fiyasko
Legendary
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Activity: 1428
Merit: 1001
Okey Dokey Lokey
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December 06, 2013, 09:37:28 PM |
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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) |
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Mylon
Full Member
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Activity: 140
Merit: 100
Mining FTW
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December 06, 2013, 09:49:21 PM |
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Combo of US regulators taking a positive stance on Bitcoin and at the same time the Chinese going nuts into it.
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"All Your Base Are Belong To Us" by CATS
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Pangia (OP)
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December 06, 2013, 09:53:33 PM |
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ok. I thought that it was the announcement that Baidu was accepting BTC's.
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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December 06, 2013, 09:56:32 PM |
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Marketing  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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pertranex
Newbie
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Activity: 15
Merit: 0
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December 06, 2013, 11:15:20 PM |
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China China China
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seanneko
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December 06, 2013, 11:17:17 PM |
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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.
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Luckybit
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December 06, 2013, 11:21:25 PM |
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What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range?
Institutional investors. It all started with the creation and launch of the Bitcoin Investment Trust in September. |
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pand70
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December 06, 2013, 11:27:00 PM |
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It was china. With chinese exchanges even hitting 1000$ 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.
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rampantparanoia
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December 06, 2013, 11:40:41 PM |
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i had a boner, and bitcoin thought "the trend is my friend"...
recently i've gone a little soft.
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pera
Sr. Member
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Activity: 532
Merit: 261
バカ
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December 06, 2013, 11:41:51 PM |
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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 speculation the whole price rise started with china panic buying, right after the baidu branch thing |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
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chrsjrcj
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December 06, 2013, 11:41:59 PM |
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More buyers than sellers.
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balanghai
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December 06, 2013, 11:45:05 PM |
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Bitcoin being more scarce and difficult to mine. Lesser and lesser coins go to small time miners.
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Walsoraj
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December 07, 2013, 12:01:35 AM |
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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. |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 07, 2013, 12:04:24 AM |
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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.
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 07, 2013, 12:05:11 AM |
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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. |
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