Bitcoin price

[bitconnect]

Bitcoin hit $1000 today on mt.gox, what was the reason for this spike?

[MindFucked]

I've been wondering the same thing, was 800 sum a day ago.... Maybe I should wait till this all calms down abit before I buy more. 

[skovbitcoin]

I personally like to believe it's the start of the 2014 rise. I think the December slump in was due to unneccesary concern in China and about the China situation + holiday season. I am personally invested and continuing to invest.

[etang]

to da moon

[Light]

what was the reason for this spike?

No real reason at all, despite what some will claim. There hasn't been any big news that's positive for BTC so it's really just supply and demand working it's thing.

[tootsiepoppers]

seems kind of odd don't you think?

[funkybunny]

I think with larger players (Overstock / Zynga / Facebook ads) now testing the waters, bigger money can see a point to Bitcoin for the first time and maybe the infrastructure is coming which smooths over the growing pains of Bitcoin. Once you have some strong mainstream products & services nobody much cares anymore about the question of whether the coin is legit currency or a commodity, it simply can be transacted for a good or a service, and the people follow.

[jonanon]

I'd put it down to supply and demand above anything else.

More people wanting to buy than sell 

[nopara73]

I didn't thought the price would go up this much. I was (and am) expecting the major growing in this week.
Over Christmas the network effect was happening (people tell each other about bitcoin from different social layers), but over those days nobody deals with business.
After that until silvester people don't work either.
There was January 1. It's day off, too. January 2 and 3 wasn't day off, but honestly nobody really work those days (but the price was just growing). January 4 and 5 are weekend (but the usual weekend crash didn't happenned, in fact the opposite).
And Today, January 6, Monday should be the day when the major growing should start. Companies are starting a new year and the innovation (bitcoin).
Any thoughts about my reasoning?

[jimbdwww]

Whatever it is, it's a good thing.

[Buskcoin]

Because, bitcoin is awesome.

[motoptrxer28]

It appears that no single country can slow it down.

[Jacce]

I think it just has to do with the holidays being over. Nothing special.

[hyunsookmom]

It's got nothing to do with china? It's more about major players getting involved this year and companies like zyenga accepting them.


The arch has gone from obscure currency to a minority niche now to the mainstream. It's be in the mainstream this year in a negative way, I see the tide is turning and it's gaining ground by the established who realise if they can't beat them join them.

[antsc]

That's good new 

[Imperials]

I agree that this price increase is great news for the beginning of the year. Really solidifies bitcoin and 2014 should be another great year, once it becomes more accepted and known. We're still in the early stages believe it or not, so lets buckle up and enjoy the ride!

[R0yalAir]

Bitcoin to the moon

[Sniperdude]

Bitcoin to the moon

Frick the moon! this coin is going to the kupier belt!

[anubisFx]

For miners  are  good news, but for buyers is not so good xD. One alternative for high difficulty to mining bitcoin today is the litcoin market.

[miKnutty]

to the moon!