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Author Topic: What is the real reason?  (Read 1654 times)
nkocevar
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May 28, 2014, 04:53:06 PM
 #1

What is the real reason behind the price going WAY up?

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Ron~Popeil
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May 28, 2014, 05:15:38 PM
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What is the real reason behind the price going WAY up?

Bitcoin was undervalued after the GOX meltdown. This was a correction of that.

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May 28, 2014, 05:22:55 PM
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What is the real reason behind the price going WAY up?

Bitcoin was undervalued after the GOX meltdown. This was a correction of that.

I guess that makes sense. Everyone was freaking out because of the GOXing that went on and thought that there was a problem with bitcoin, when in fact the problem isn't bitcoin, but the way it was traded.

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May 30, 2014, 05:40:42 AM
 #4

What is the real reason behind the price going WAY up?

Bitcoin was undervalued after the GOX meltdown. This was a correction of that.

Agree, investors were basically unaware of the facts, and misleading news fired up, now it is cool down and jump in value.

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May 30, 2014, 05:51:48 AM
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Yep. We are seeing a slow and steady growth now which is a really healthy thing for the currency long term.

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May 30, 2014, 06:20:20 AM
 #6

Most importantly is that it ll continue going UP. With China out of the picture and this constant growth of demand in the western world, I am very positive about BTC future.

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May 30, 2014, 07:14:06 AM
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We were getting bad news one after another a few months ago. A lot of weak hearted got spooked and sold a bit too much, now they decided to buy back when uncertainty cleared. Hope the trend continues.

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May 30, 2014, 08:09:55 AM
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With the word spreading everyday more and more, the adoption between big companies like Overstock and Dish,
bitcoin was becoming undervalued and therefore now we are seeing a break of the downtrend of the last months
and maybe the start of a new future bubble.

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May 30, 2014, 08:16:11 AM
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Big names have been adopting Bitcoin transactions due to coinbase such as Overstock and recently Dish Network
Giving Bitcoin to students at MIT definitely helps as well + Budweiser
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May 30, 2014, 01:22:06 PM
 #10

the price isn't going up, just returning to a non-dumped value

$400 btc was a joke big investors won't let the price fall too much
Mr Tea
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May 30, 2014, 02:09:27 PM
 #11

Surely the only reason ever is simple supply and demand. There's no other explanation for it really. Nice to see the price creeping up lately.

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May 30, 2014, 02:31:23 PM
 #12

A limited supply.

There has NEVER been something with a limited supply, ever.
Ron~Popeil
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May 30, 2014, 03:00:22 PM
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A limited supply.

There has NEVER been something with a limited supply, ever.

That is the exciting thing. This is an entirely new thing in the world and we really have no way to predict how far it will go.

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May 31, 2014, 02:26:08 AM
 #14

China isn't out of the picture. Its trading volume is still more than 50% of all trading volume in the world: http://www.bitcoinity.org/markets/list?currency=ALL&span=24h

If the price keeps going up, we'll see what the chinese government decides to do.

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May 31, 2014, 02:33:26 AM
 #15

China isn't out of the picture. Its trading volume is still more than 50% of all trading volume in the world: http://www.bitcoinity.org/markets/list?currency=ALL&span=24h

If the price keeps going up, we'll see what the chinese government decides to do.


Yes , with banning it they only made it more popular and something every chinnese wanna have, i think that if this rise continues, ltc will skyrocket too

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May 31, 2014, 02:49:04 AM
 #16

Big names have been adopting Bitcoin transactions due to coinbase such as Overstock and recently Dish Network
Giving Bitcoin to students at MIT definitely helps as well + Budweiser

That is part of it. There has been a lot of positive news surrounding bitcoin lately. More venture capital input. There is talk of Amazon using a payment service that incorporates bitcoin. There are major news articles with financial analysts suggesting bitcoin will be trading in the $2000-$5000 range by the end of 2014. And people are overcoming their FUD realizing that bitcoin is a good investment.

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May 31, 2014, 02:56:22 AM
 #17

After the ban on bitcoin related banking accounts, I don't know how the Chinese are pumping fiat into the exchanges to support the rising price, especially now that leverage ended.
I guess since the price was much higher before that it's fiat still in the exchanges.

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unpure
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May 31, 2014, 03:24:54 AM
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Some whales are pumping.
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May 31, 2014, 05:40:44 AM
 #19

China isn't out of the picture. Its trading volume is still more than 50% of all trading volume in the world: http://www.bitcoinity.org/markets/list?currency=ALL&span=24h

If the price keeps going up, we'll see what the chinese government decides to do.


Yes , with banning it they only made it more popular and something every chinnese wanna have, i think that if this rise continues, ltc will skyrocket too

LTC is due for a little rally.  It has sat pretty stagnant over the past week in comparison to the BTC price surge.  Typically BTC prices pull up LTC almost proportionately...but it hasn't been that way this week
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May 31, 2014, 06:08:07 AM
 #20

Confidence is returning thanks to some high profile sites/businesses picking bitcoin up in the last few months and also the prediction charts demanded a rise around now Cheesy

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