Recent price rise

[rslsrkr]

I believe that the recent price rise is due to Shanghai suspending trading and Chinese traders are investing in bitcoins.What do u think?

[1714181851]

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[1714181851]

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[1714181851]

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[1714181851]

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[flagpara]

I don't see why they would invest in btc. Btc isn't creating value, you don't "invest in btc".
If they all buy btc that means they expect money from it. So they're going to sell what they bought at a moment or another. So the price is going to crash.

[Amph]

this is not a real increase, if you factor-in, the fact that we have already seen two times 480-500 value, this is nothing new

it's a returning to the previous point, you can begin to talk about a rise when we surpass 500

[tiggytomb]

this is not a real increase, if you factor-in, the fact that we have already seen two times 480-500 value, this is nothing new

it's a returning to the previous point, you can begin to talk about a rise when we surpass 500

$500 in the next few days would be a talking point, with all the halving chat it might hit $500 by this time next week or at least this month..... maybe

[Jet Cash]

The price rise is probably due to possible bank crises, war, lack of r and d by corporates, excessive debt, consumer awareness. fraud by banks. mild weather causing early spawning by frogs, and loads of other factors.

[helloeverybody]

Could well be the reason why its rising but could be just for no reason which seems to be normal for Bitcoin. Hopefully we finally break the 500 mark for good.

[Labumi]

Could well be the reason why its rising but could be just for no reason which seems to be normal for Bitcoin. Hopefully we finally break the 500 mark for good.

Yes, I really hope this few days or next month Bitcoin will penetrate the figure of $ 500.

If that happens then we will all be lucky in the beginning of this year and have fun

[Raimonn]

Chinese market is going down fast, and some users are buying gold or bitcoin for savings (not all the chinese investors know about bitcoin, i think that they are buying more gold than bitcoins). Also with all the economic problems that china is having, some newspapers are talking about chinese govern could devaluate its currency.

[vilain]

Chinese market is going down fast, and some users are buying gold or bitcoin for savings (not all the chinese investors know about bitcoin, i think that they are buying more gold than bitcoins). Also with all the economic problems that china is having, some newspapers are talking about chinese govern could devaluate its currency.

It's not just the Chinese markets that are suffering from instability. There's a rising tension in the Middle East, as well as North Korea biting the worlds ass. All this, and many other factors, cause instability in the markets and btc, just like gold, is an independent alternative to asset allocation.

[Minecache]

Bit Trouble In Little China?

[BreakingSlow]

I think the price rise has a lot to do with the Chinese markets going down.
Ever since the chinese stock market went down, bitcoin has been going up

[btcprospecter]

I feel that any rise in bitcoin price is good there are a number of factors that could of caused this latest price rise but at the very heart of it is consumer confidence I'm sure it was around this price before the holidays none the less this still shows that bitcoin is something to invest in that can give better results than shares but just as volatile.

[outofmind]

I think it's because the recent yuan crashing down, and i think it's very possible to see it goes up to $500 these few days, or weeks.
I believe $450 is new ground, since a support line is already formed and fortified.

just my 0.000002btc

[bearex]

I think it is price rise in generall. Rises to 460, then drops to 440, but still higher than 430 than it was before. I think it is due to halving coming up.

[pawel7777]

this is not a real increase, if you factor-in, the fact that we have already seen two times 480-500 value, this is nothing new

it's a returning to the previous point, you can begin to talk about a rise when we surpass 500

It's not a massive increase, but it was pretty sharp (quick), so it looks like there was some exceptional factor involved.

I think it's because the recent yuan crashing down, and i think it's very possible to see it goes up to $500 these few days, or weeks.
...

Russian Ruble also crashed to the new low (slowly picking up now).

[mobnepal]

this is not a real increase, if you factor-in, the fact that we have already seen two times 480-500 value, this is nothing new

it's a returning to the previous point, you can begin to talk about a rise when we surpass 500

Surpassing 500 seems to be quite difficult for bitcoin but not as difficult than crossing 1k before halving. With all of the high hope and also with halving price may only get pass the 500. But i don't expect it to touch 1k before halving.

[gkv9]

The reason behind this seems the range between $420 - 450 which is being focused ATM...
We are seeing people talking to see ATH very soon due to halving, so basically halving is one reason why the price is increasing "back to where it was, once..."

[richardsNY]

The price has gone up steadily which might be due to the block halving. If big investors are really stepping into Bitcoin with their millions, then the price would easily shoot through the $500 price level. Right now it's normal demand that is pushing the price forward.

[~Bitcoin~]

The price has gone up steadily which might be due to the block halving. If big investors are really stepping into Bitcoin with their millions, then the price would easily shoot through the $500 price level. Right now it's normal demand that is pushing the price forward.

I think this is pump not a normal demand. We are seeing large volume making pump and small volume steadly making price dump.

[gkv9]

The reason behind this seems the range between $420 - 450 which is being focused ATM...
We are seeing people talking to see ATH very soon due to halving, so basically halving is one reason why the price is increasing "back to where it was, once..."

Not stupid, maybe it's in anticipation for the halving indeed!

Well, where did I use the word "stupid", my friend???
I just meant to say that the price was actually there few years back, and it is just touching those levels again, that's it!!!