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Author Topic: [2016-10-31] Bitcoin is closing in on its 2016 peak...  (Read 275 times)
Karartma1
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October 31, 2016, 07:24:41 AM
 #1

Bitcoin is closing in on its 2016 peak. A handful of theories attempt to explain the rally

In a year of monster hackers, the rise of new cryptocurrencies, and its own unresolved “civil war” over how to enlarge its transaction capacity, bitcoin has not only survived, but thrived.

The price of bitcoin has risen by 19% this month to a high of $718, putting it within touching distance of its 2016 peak.

Read more
http://qz.com/823010/bitcoin-is-closing-in-on-its-2016-peak-a-handful-of-theories-attempt-to-explain-the-rally/

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October 31, 2016, 11:49:38 AM
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I sincerely hope that bitcoin has not reached its peak. I mean the holiday is fast approaching and people will need to buy gifts and all... let's just hope the price keeps rising.

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November 01, 2016, 04:00:24 PM
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I sincerely hope that bitcoin has not reached its peak. I mean the holiday is fast approaching and people will need to buy gifts and all... let's just hope the price keeps rising.

For the holders, it makes sense if the price keeps rising.
There are others who will buy bitcoins before the holiday season, to take advantage of offers on purchases using bitcoins.
Too much volatility won't help them.


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November 01, 2016, 04:11:47 PM
Last edit: November 01, 2016, 08:12:30 PM by U2
 #4

I'm annoyed I spent almost all of my bitcoins haha. Crap. What can you do, this is still good news no matter how many bitcoins you own though!
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November 01, 2016, 04:55:10 PM
 #5

Bitcoin is closing in on its 2016 peak. A handful of theories attempt to explain the rally

In a year of monster hackers, the rise of new cryptocurrencies, and its own unresolved “civil war” over how to enlarge its transaction capacity, bitcoin has not only survived, but thrived.

The price of bitcoin has risen by 19% this month to a high of $718, putting it within touching distance of its 2016 peak.

Read more
http://qz.com/823010/bitcoin-is-closing-in-on-its-2016-peak-a-handful-of-theories-attempt-to-explain-the-rally/

Yeah, and it wasn't the end of the rising I hope. We are at $730+ now and the year's peak which was in May is really within the reach.

This passage from the article made me smile:
Quote
But exchange owners have reported that their customers are speculators, not people trying to stash money outside the country.

I mean what else can they say in China if they don't want to be closed? Smiley
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November 01, 2016, 05:58:21 PM
 #6

I think a lot of the movement are coming from China, but one of the supporting factors are the official release of the long awaited "SegWit"

and hopefully the end of the debate around scalability.... well for a few weeks anyway.  Grin  ....You can also see some confidence growing

with Switzerland & India getting in on the action and Circle expanding aggressively into other markets.  Wink .... Get the rockets ready, we are

going to the Moon.

freebitcoin.TO WIN A  LAMBORGHINI!..

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