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Huobi-USD
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November 04, 2015, 07:23:48 AM
 #1

For you what's the main reason why the bitcoin price has been increasing??
How long do you think this trend will last?

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November 04, 2015, 07:31:39 AM
 #2



absolutely no clue, there really isnt a reason that i can see that the price is just skyrocketing right now. what i do know is, this price increase is likely going to cause people to start pumping and create a bubble. wouldnt be too surprised if we saw a small crash in the coming weeks.

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romjpn
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November 04, 2015, 07:34:44 AM
 #3

China. I'm following the uptrend closely today and there is a strong resistance at 3000 CNY on Chinese exchanges that just triggered a small downward trend a few hours ago.

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Blue_Tiger73
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November 04, 2015, 07:37:21 AM
 #4

I think that the price increase of Bitcoin is due to the high demand of Bitcoin. More and more people are realising how convenient and easy Bitcoin is to use. It is also a good investment for people. As the demand is higher and the max number of Bitcoin is 21,000,000, the price is bound to go up as Bitcoin gets more popular. I think that it will continue to rise for a long time as no more Bitcoin is being produced.
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November 04, 2015, 07:49:14 AM
 #5

Noone really know, it can be China, it can be the trending mainstream news...people wanting to join the hype

In the end, it doesnt really matter. Just ENjoy the ride
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November 04, 2015, 07:54:45 AM
 #6

For you what's the main reason why the bitcoin price has been increasing??
How long do you think this trend will last?

Because "HUOBI" do it,
Huobi user pump bitcoin market, i think with your margin sistem it's make people can buy 3time from his capital
so if member have 100BTC ihe can LOAN 540.000CNY (BTC price 2700) after he pump bitcoin market and dump all his bitcoin and "PROFIT"

the power of fake volume

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November 04, 2015, 08:23:10 AM
 #7

China, it will stop when they get their economy together, so not tomorrow.

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November 04, 2015, 08:30:27 AM
 #8

i would ask myself more, why the hell the price remained at 230 for almost one year? this is more unexpected than this pump or any other

if you really think that the last stagnation was normal then you don't know well bitcoin

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November 04, 2015, 08:34:49 AM
 #9

i would ask myself more, why the hell the price remained at 230 for almost one year? this is more unexpected than this pump or any other

if you really think that the last stagnation was normal then you don't know well bitcoin

Bears were strong and many people didn't want to end the bearish trend.

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November 04, 2015, 11:14:27 AM
 #10

Re: Why the bitcoin price has been increasing?

Because of the gravitational pull of Da Moon, duh.
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November 04, 2015, 11:32:36 AM
 #11

Re: Why the bitcoin price has been increasing?

Because of the gravitational pull of Da Moon, duh.

But seriously, I think this is the result of the publicity btc gained from the Economist plus the market movements in China. No one can really know, all that we are sure is that what goes up must go down eventually.

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November 04, 2015, 12:58:09 PM
 #12

Lot of good things for Bitcoin happened at pretty much same time. China soften their attitude, Europe decide to exclude Bitcoin from VAT and there is suddenly lot of positive articles in mainstream media. I just ask my self if all that can be just random.
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November 04, 2015, 01:01:47 PM
 #13

1 BTC 3,299.00 CNY   =   520.619 USD
tomorow price is 600-700 USD
next week 800-900$ or more
higher better

price drop in august 2016 to 1500- 2000 $ 1 BTC
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November 04, 2015, 01:05:51 PM
 #14

I think, someone is trying to pump up the bitcoin value.  Grin may be satoshi. Or bitcoin got sudden increase in its usage? or may some pumpers?

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November 04, 2015, 01:12:17 PM
 #15

1 BTC 3,299.00 CNY   =   520.619 USD
tomorow price is 600-700 USD
next week 800-900$ or more
higher better

price drop in august 2016 to 1500- 2000 $ 1 BTC

Nice predictions.
But for the continuous pump you must need some countries support. Otherwise we cannot expect continuous pump of bitcoin prices. There are a lot of chances for downfall from these higher prices as only some group of people has created this bump.

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November 04, 2015, 03:29:45 PM
 #16

Have they set a date for the silk road auction yet?
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November 04, 2015, 03:33:46 PM
 #17

Have they set a date for the silk road auction yet?

Yup. It's happening tomorrow. The winner is informed the next day. Registration has now closed. I'll bet the bidders are all very confused as to what to do.

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November 04, 2015, 03:48:17 PM
 #18

Maybe it want to match over the value than ever happen on 2011 last Dec.
I have premonition , bitcoin will reach @ 1000 on Dec 2015

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November 04, 2015, 03:53:30 PM
 #19

It's pretty damn obvious to me, China.
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November 04, 2015, 05:24:23 PM
 #20

China officially allowed direct bank deposits to BTC exchange and it was the signal to start the rally.
But it's not a bubble yet, until we touch the new ATH.

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