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Author Topic: Reason for recent price hike  (Read 2799 times)
odolvlobo
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October 20, 2013, 06:24:01 PM
 #41

It's because Avalon is selling new Bitcoin generating machines.
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!

Do you really think that Avalon selling a few hundred BTC worth of miners really affects the value of BTC when the daily trading volume of BTC on exchanges is over 25,000 BTC?

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fractal02
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October 20, 2013, 07:12:47 PM
 #42

It's because Avalon is selling new Bitcoin generating machines.

http://avalon-asics.com/

They only accept BTC as payment so this increases demand for BTC.

It happens every time Avalon auction kit, the previous $200 BTC was because of this also!

Avalon Huh
They have nothing to do with the recent price hike.

Baidu maybe...but not only....
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October 20, 2013, 08:15:35 PM
 #43

so it's Baidu?

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xypos
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October 21, 2013, 02:10:21 PM
 #44

I'm surprised the price has gone up so much after the whole SR thing, I was expecting it to drop


Market manipulation....
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RodeoX
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October 21, 2013, 02:23:22 PM
 #45

It is at least in part coming from China. But it is also true that good news abounds elsewhere. A lot of upward pressure on price.

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October 21, 2013, 04:04:54 PM
 #46

It's because Avalon is selling new Bitcoin generating machines.
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!

Do you really think that Avalon selling a few hundred BTC worth of miners really affects the value of BTC when the daily trading volume of BTC on exchanges is over 25,000 BTC?

Yes, because most of the volume is miner payments, gambling, speculation and free bitcoin dust.

Avalons are made in China, there is a big demand for them over there, it is a population of 1,400,000,000 (20% Earths Population).

They are offering a money printing machine but only accept payment in the money it prints meaning you gotta buy Bitcoins!

WishIStartedSooner
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October 21, 2013, 05:56:52 PM
 #47

There are good ammount of money coming in this market and it makes the bitcoin price grows
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October 21, 2013, 06:46:39 PM
 #48

have you guys seen the btcchina charts? bubble mania! reason #1 for the current hike.

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October 21, 2013, 09:28:17 PM
 #49

Since SR closed, it have gotten alot attention from the media, that might have given the BTC a little boost too.

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October 22, 2013, 10:04:42 AM
 #50

I'm surprised the price has gone up so much after the whole SR thing, I was expecting it to drop

It's like negative publicity only grows Bitcoin. After the bubble the price went from about 13 USD before the bubble to a minimum of 69 USD after it. But everyone was talking about the bubble in negative terms.

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October 22, 2013, 10:40:13 AM
 #51

Chinese group of speculators enrolled in.

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waltermot321
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October 22, 2013, 02:00:58 PM
 #52

Chinese group of speculators enrolled in.

And they are going to dump them after they have enough profits Smiley

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October 23, 2013, 09:17:25 AM
 #53

Yesterady someone posted that maybe this UP rising price is due to huge buys of bitcoins from China...
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?
geraFoerra
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October 23, 2013, 09:32:57 AM
 #54

Yesterady someone posted that maybe this UP rising price is due to huge buys of bitcoins from China...
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?


Probably no, but look at BTCChina to draw your own conclusion
petersiddle98
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October 23, 2013, 10:50:14 AM
 #55

Yesterady someone posted that maybe this UP rising price is due to huge buys of bitcoins from China...
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?


Probably no, but look at BTCChina to draw your own conclusion

China is buying up lots of Bitcoin and they are going to dump it soon..!!

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October 23, 2013, 10:53:51 AM
 #56


China is buying up lots of Bitcoin and they are going to dump it soon..!!

Point taken, we shall see.

I personally believe they buy as long term investing opportunity, but I might be wrong

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