andrewsg (OP)
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November 14, 2013, 03:50:29 AM |
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I am a long term bull and I'm pleased to see the recent price increases, but I must confess I am puzzled by the pace of the recent price escalation. I have been a little busy and didn't have time to read up on everything I've missed - but perhaps someone can summarize things for me - what are the (perceived) reasons behind the growth in the past 2 weeks? Voodoo chartists please stay away. Thanks.
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Bitcoin can be bad for your chi. Improve yours and mine by sending BTC to: 1N1zRYSwKQbZ8Kx1bKvTskrjGMNynVFEr1
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 14, 2013, 03:56:37 AM |
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mainly its china, they are literally sucking up all the bitcoins, supply is starting to run dry in the west, and the chinese are still nowhere near satisfied.
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LouReed
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November 14, 2013, 03:57:19 AM |
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China, greed, low volume!
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andrewsg (OP)
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November 14, 2013, 03:59:32 AM |
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Re China - why now?
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Bitcoin can be bad for your chi. Improve yours and mine by sending BTC to: 1N1zRYSwKQbZ8Kx1bKvTskrjGMNynVFEr1
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Crazy
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November 14, 2013, 04:00:16 AM |
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Elon Krusky
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byronbb
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Activity: 1414
Merit: 1000
HODL OR DIE
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November 14, 2013, 04:34:44 AM |
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Many wealthy Chinese are also nervous about their government's policy. Bitcoin is a wonderful way of hiding your assets from a government.
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Odrec
Member
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Activity: 112
Merit: 10
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November 14, 2013, 04:45:00 AM |
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Go to a casino and watch a chinese bet... there you go.
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redwraith
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November 14, 2013, 05:11:40 AM |
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I am a long term bull and I'm pleased to see the recent price increases, but I must confess I am puzzled by the pace of the recent price escalation. I have been a little busy and didn't have time to read up on everything I've missed - but perhaps someone can summarize things for me - what are the (perceived) reasons behind the growth in the past 2 weeks? Voodoo chartists please stay away. Thanks. Digital gold, baby!
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Crazy
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November 14, 2013, 05:38:02 AM |
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Many wealthy Chinese are also nervous about their government's policy. Bitcoin is a wonderful way of hiding your assets from a government.
Like you can hide anything from the Chinese govt for any meaningful amount of time. :\
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Elon Krusky
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Jrock
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November 14, 2013, 05:46:23 AM |
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I am a long term bull and I'm pleased to see the recent price increases, but I must confess I am puzzled by the pace of the recent price escalation. I have been a little busy and didn't have time to read up on everything I've missed - but perhaps someone can summarize things for me - what are the (perceived) reasons behind the growth in the past 2 weeks? Voodoo chartists please stay away. Thanks. Greed/Panic/Speculation.
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Crazy
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November 14, 2013, 05:49:00 AM |
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I am a long term bull and I'm pleased to see the recent price increases, but I must confess I am puzzled by the pace of the recent price escalation. I have been a little busy and didn't have time to read up on everything I've missed - but perhaps someone can summarize things for me - what are the (perceived) reasons behind the growth in the past 2 weeks? Voodoo chartists please stay away. Thanks. Panic/ Greed/ SpeculationFixed that for ya
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Elon Krusky
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Jrock
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November 14, 2013, 05:53:46 AM |
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Thanks I was lazy.
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NUFCrichard
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Activity: 1218
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November 14, 2013, 06:12:39 AM |
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I think the shutting down of silk road and increase in high wealth individuals investing are the main reasons.
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goxed
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Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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November 14, 2013, 06:45:41 AM |
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Go to a casino and watch a chinese bet... there you go.
youtube video for demonstration?
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Revewing Bitcoin / Crypto mining Hardware.
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goxed
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Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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November 14, 2013, 06:47:21 AM |
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When will Africa, India start catching up? It's a shame that India is way behind esp. in mining and adoption.
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Revewing Bitcoin / Crypto mining Hardware.
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beetcoin
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November 14, 2013, 07:29:54 AM |
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there are 2 reasons why i think china is bullish on BTC. i am sure there are more, so someone else chime in.
1) china is the largest foreign holder of american paper notes. china holds $1.2 trillion dollars.. and the U.S. is printing unprecedented amounts of cash.. they don't want their holdings to be diluted. they also buy lots of gold for the same reason... and i think there's something about asian culture that loves gold. 2) they are the up and coming economy, and the nation as a whole is just.. hungry. and willing to take big risks for the sake of big rewards.
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Crazy
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November 14, 2013, 07:36:38 AM |
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Yea well, they can't manipulate Bitcoin like they can their currency, so they'll be in for a rude awakening once they experience a free market absent their overbearing central planners. And yea, that includes the obligatory bubble greeting for most new comers to the Bitcoin economy.
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Elon Krusky
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Zangelbert Bingledack
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November 14, 2013, 11:25:29 AM |
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No one mentioned the BIT?!
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BadAss.Sx
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Bulletproof VPS/VPN/Email @ BadAss.Sx
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November 14, 2013, 11:31:10 AM |
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FNG
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November 14, 2013, 02:09:05 PM |
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