Bitcoin is rising in value for no good reason at all

[Jonton]

Is the last rising of Bitcoin a sign of starting closed trading structures?

For example:

The daily volantlity is about 5.000 Bitcoins.

Some peopel build up a group, which own´s 10.000 Bitcoins.

Through that difference of Bitcoins they can make the price fall or rise, like they want...by selling or buying among themselves.
->The Bitcoins stay in a closed trading Structure.

Is that just a silly thought or theoretical possible?


Thx

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[GriTBitS]

You got to be broke! Or someone gave you money. Ride the trend brother! If you think a bubble is going to pop and you'll be broke you will. Or You think a bubble will pop so you don't invest and it doesn't pop---- you stay broke. Very Possible. What ever you believe your financial future will be, It will BE. Unless the Mind Changes the Bank account never will!!!! Opportunities are available for anyone that has an open mind to them. So if you were looking into bit coin when it was 10$ and below the universe was telling you to invest your mind just wasn't open to the thought. The exact thing is happening now on a larger scale. The universe is talking to people and trying to prevent utter chaos once the current financial system collapses. Depression 1929-1931 that was nothing. Back then people knew how to grow food. Today!!!!!!! It will be a blood bath. People will fly,boat or walk to stable counties with nothing on their back except bitcoins in the cloud. People holding onto material items will be robbed and held up fighting over simple objects. Do yourself a favor and just buy one! It may save your life!

[PenAndPaper]

What do you mean for no good reason?
Bitcoin is rising because more and more people are exposed to bitcoin.

Just like all the early adopters realized the potential and value of bitcoin years ago, now its time for much more people to do so.
And we are just in the beginning. Bitcoin is not even close to being mainstream or even go viral because it is still to geeky.

Yes with price moving like crazy there might be concerns about spending coins and exchanges are full of problems but things will settle down eventually.
How long that will take? Who knows...

[omega33]

It is a bit worrying about bitcoin but $1000 should be a strong resistance level

[JayDT]

Cavirtex keeps Canadians fiat in a real bank.  We have access to this currency through a debit card issued.  Selling BTC for CDN is a breeze and accessing the CDN is as easy as accessing my current CDN.

The technology is there young grasshopper.  You just have to wait and stop using shit exchanges like mtgox.  Transferring your BTC to any other exchange or selling your BTC locally is also an option. You need to start thinking outside of the box.

[udet4food]

It is a bit worrying about bitcoin but $1000 should be a strong resistance level

BTCChina shoved $1000 is not strong resistance level at all

[beetcoin]

It is a bit worrying about bitcoin but $1000 should be a strong resistance level

BTCChina shoved $1000 is not strong resistance level at all

it's a psychological factor, and $1,000 USD is not the same as 1,000 yuan.

[ElectricMucus]

The reason is simple, the Secondmarket Bitcoin IPO is propping up.
Eventually this will lead to a dramatic flashcrash but not until the supply is dried up.

[GigaCoin]

You can't spend it easily...

how is that, it's supper easy to spend, what can be a pain is the buying side still.

hahaha that's hilarious  Obviously a fake account!

[BitcoinAshley]

Bah, humbug. Another person who thinks he knows what other people think, feel, do, and want, and can speak for the entire market.
I've never had a problem converting BTC to USD and back. Also, never had a problem finding BTC-accepting merchants. I know some people do, but I would never think to make a grand assumption about the entire market and about thousands and thousands of people who deal with BTC, because I simply don't have the data to support such an assumption. At the very least, I wouldn't simply make up data such as the number of payment processors. Saying bitpay is the only one is like saying Gox is the only exchange. Lurk moar and learn about the bitcoin market a bit first.

OP didn't even understand how payment processors work, and thinks there is only one (bitpay,) had to get schooled by previous posters. Either he is complete troll or just another asshat who thinks he "finally understands that the market is just one big scam and y'all are just too stupid to see it."

Next thread!

[aminorex]

Until the software improves dramatically, and the FX markets mature enough so that market makers stabilize prices, point-of-sale applications are not very good uses of bitcoin.  They can become very good uses of bitcoin in the future, but not now.

Presently the great value-add propositions of bitcoin are disintermediation of money transmission, and use as a store of wealth.  It is these applications which will determine the bulk of bitcoin's monetary use over the immediate future.  They are sufficient to more than justify the current valuation.  While the price of bitcoin, being subject to social and market forces, may fluctuate dramatically, in the long-run the price will rise until it corresponds to the fundamental value.  Speculators would be well-advised to use the relationship between price and fundamental value to determine their long-term long/short bias.

[RealT]

What the OP is overlooking is the amount of infrastructure that is rapidly being developed to facilitate Bitcoin use.  There are significant investments into companies that are developing and refining services to fill the demand.  Many of these services are in their very early stages.  As the reliable services rise to the top because of their ease of use, Bitcoin will begin to fulfill it's potential.

[ex-trader]

Coins keep rising....

People hoard......

True float in the market is small...

Publicity of easy profits drive more cash into BTC as investment.....

Price rises......

Repeat.......




......until!

[Mirsad]

......until!

Pyramide collapse 

In 20 years we can tell:

Either bitcoin was/is a full success or one of the biggest pyramide schemes ever.

[Loki8]

Bitcoin is not a currency, it's a funny speculative bubble, plain and simple.

People want to know how much their cash will buy tomorrow or the next day, it`s far too volatile now to have any confidence in future valuations.

If you want a crypto currency much more interesting, take a look on new coins 2.0 like emunie.

[ElectricMucus]

Internet Fun Bux
Pound Spergling
Dunning Krugerands
Autism Kroners.

[Odalv]

......until!

Pyramide collapse 

In 20 years we can tell:

Either bitcoin was/is a full success or one of the biggest pyramide schemes ever.

Bitcoin will be here if you want or not. Question is
a) will bitcoin become mainstream ?
b) bitcoin will become underground's/hacker's currency and will be using at black market.

[Odalv]

......until!

Pyramide collapse  

In 20 years we can tell:

Either bitcoin was/is a full success or one of the biggest pyramide schemes ever.

Bitcoin will be here if you want or not. Question is
a) will bitcoin become mainstream ?
b) bitcoin will become underground's/hacker's currency and will be using at black market.

And black market is almost as big as main stream. :-) (or even bigger in some countries)

[ElectricMucus]

Why still talking about what bitcoin is to become, it already is what it is a trading game for bored nerds and internet libertarians.

[Odalv]

I can imagine, bankster will be on black list soon and "Ponzi scheme" (bitcon) much more popular.