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Author Topic: It took only 11 days to go from 639 to 1148 last time  (Read 6399 times)
Caladonian
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November 16, 2016, 10:14:04 AM
 #141

Those days of usage and the spreading, popularity and the adoption is very low compared to the present day. Those day the market variation is done by a small group which is not possible now as adoption and acceptance is increased gradually. So such a steep increase like the past can be experienced very rarely.
Yeah right as btc already have its own variation regarding to its resistance value now is not moving so high or low its the investors and users which making movements theres no chance for some group to move it that much and for me its much better to grow in its natural ways.
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November 20, 2016, 06:19:25 PM
 #142

Those days of usage and the spreading, popularity and the adoption is very low compared to the present day. Those day the market variation is done by a small group which is not possible now as adoption and acceptance is increased gradually. So such a steep increase like the past can be experienced very rarely.

Also back then, there were only a handful of exchanges (and of them, Mt Gox was rigging the order books). So half-a-dozen users could manipulate the exchange rates by investing a small amount of money. Now we have dozens or even hundreds of crypto-exchanges. It will take much more resources and manpower to manipulate the exchange rates.

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November 20, 2016, 06:44:46 PM
 #143

When we reach 1000+ in the near future, this time it will be very different. Now bitcoin is way more mature, it is way more solid, the software is better, there are tons of exchange alternatives and wallets, it's just ready for the 1000+ territory. The ones that aren't holding BTC will cry so much pretty soon. It will feel great going back home (1000+ where Bitcoin deserves to be right now)
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November 20, 2016, 07:50:25 PM
 #144

When we reach 1000+ in the near future, this time it will be very different. Now bitcoin is way more mature, it is way more solid, the software is better, there are tons of exchange alternatives and wallets, it's just ready for the 1000+ territory. The ones that aren't holding BTC will cry so much pretty soon. It will feel great going back home (1000+ where Bitcoin deserves to be right now)

Yeah, exchanges has important role to bitcoin stability and development as now there are many exchanges contribute to developing bitcoin and the day will come when the price reach $1000 and it already take step to step, now the stable price set at $700 and still fluctuate regarding bitcoin supply and demand. We can't compare the price in the past and now will be same because so many factors affected the increases, hopefully there is no problem with any of exchanges or regulations which can lead to negative effects to bitcoin.
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