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Author Topic: The Reason For Bitcoin's Recent 60% Surge Revealed  (Read 965 times)
the_poet
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November 03, 2015, 10:07:10 AM
 #1

http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed

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November 03, 2015, 10:20:37 AM
 #2

So that's why, I was wondering as well and have red some articles but the one you posted explain better in details ... it's great to see this happening for now and hope it stays at least if they decide to not buy suddenly but highly unlikely in my opinion... Will the price go down again if they no longer buy or it stays?I'm wondering

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November 03, 2015, 10:32:12 AM
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An earlier Zerohedge article pointed out that China has done a U-turn and decided to relax capital controls. Whether that makes any difference to the rally is another matter. However, it will be much easier for the Chinese to move money out of the country in the future.

http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls
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November 03, 2015, 10:40:21 AM
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what are the chances that china could ban BTC?
gentlemand
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November 03, 2015, 11:47:22 AM
 #5

How long ago did Zero Hedge turn around and start to become cheerful about BTC? They seemed to be extremely cautious for a long, long time.

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November 03, 2015, 12:23:43 PM
 #6

What they are saying that makes sense. If they are right then we might see a "long march" (to be stylish) to da moon Smiley. Except if the Chinese government get scared because of the money poured into bitcoin and starts a new wave of crackdown on bitcoin and on the Chinese exchanges.
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November 03, 2015, 12:24:00 PM
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https://www.btcc.com/news/article/btcc-now-accepting-direct-bank-deposits
Bitcoiner2015
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November 03, 2015, 01:14:23 PM
 #8

How long ago did Zero Hedge turn around and start to become cheerful about BTC? They seemed to be extremely cautious for a long, long time.
Zerohedge is sometimes for and sometimes against most things!  You can read that the price of oil is being kept down as a Saudi ploy on one day, then that it is rightfully so low because of the world economy the next day!

There are several writers though to be fair, maybe they don't fully agree with each other.  Bitcoin 'should' be right up their street though.
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