why rise price?

[Flashman]

Well I found out this morning, that 5 Trillion a day pumps through the Forex markets, 1% of that would send BTC insane.

[1715252598]

1715252598

[geetee]

Why is the price gone up?
Please tell me

C'mon guys... look at the charts. the answer is right in front of you.
Its Bitfinex shorts, the attempt at everyone trying to close their position all at once... only way to close your SHORT position is to BUY BTC. The price is even $10 higher on bitfinex than bitstamp (look at bitfinex volume yesterday - 103,859 BTC - vs 44,040 on bitstamp)

Standard stuff, you see this happen from time to time when heavy hitters short a stock only to later feel the pain when the company delivers twice the expected profit and the stock starts going higher. You gotta buy dem shares back timmy.

[Elwar]

I'm not sure why this would be considered not true unless the CTO of OKCoin is lying.

"Also very exciting is we have a new client, I cannot disclose the name yet. It's a 3 billion euro market cap client they just do hedge fund trading and they're going to trade on our platform so that's a pretty big institution."
--CZ (CTO of OKCoin)

[bitnanigans]

Because we haven't found the true value of Bitcoin yet.

[Stifler]

I'm not sure why this would be considered not true unless the CTO of OKCoin is lying.

"Also very exciting is we have a new client, I cannot disclose the name yet. It's a 3 billion euro market cap client they just do hedge fund trading and they're going to trade on our platform so that's a pretty big institution."
--CZ (CTO of OKCoin)

The great thing about this is it's probably the first of many big investors. I';m sure there will be many more  during the course of next year.

[harrymmmm]

$3 billion hedge fund company starts investing in Bitcoin via OKCoin.

This is lie.

Why do you think that?
Why would a public figure like Zane Tackett, Manager of International Operations at OKCoin, make a public statement to that effect if it was so easily seen to be a lie?
He might have exaggerated the extent to which they intend to be involved, but I doubt if it's an outright lie.

[leex1528]

Because I wanted the coin value to rise, and so it was done.

[Sutters Mill]

Price goes up, price comes down; you can't explain that.



I gave up trying to make sense of the price long ago. It just happens.

[Bitcoinpro]

huge bitcoin mine went up in smoke

what happens to the value of gold oil or iron ore when supply is cutoff

[cr1776]

$3 billion hedge fund company starts investing in Bitcoin via OKCoin.

This is lie.

The only "lie" was that it was not $3 billion but 3 billion EUROS which is about $3.75 billion.  Before throwing around statements like he is "lie" get your facts right.

(https://www.cryptocoinsnews.com/okcoin-confirms-new-three-billion-euro-hedge-fund-trading-exchange/ )

[bones]

huge bitcoin mine went up in smoke

what happens to the value of gold oil or iron ore when supply is cutoff

lol, supply cut off, thats especially funny from a hero member, comparing supply of btc to oil  or gold ....

[allthingsluxury]

Yah, the price has been moving higher, quickly.

[Hanover]

I believe there's many factors at play here, but I believe adoption is the main reason.

[usupnaruto]

if am not wrong in china purchase of BTC increased sharply and positive sentiment in that country

[moiraine]

all cause of okCoin imo. It really breathed some life back into the scene, hopefully this news will spur some more volume

[waterpile]

well its going down again and will be going down these incoming days.

[ssmc2]

$3 billion hedge fund company starts investing in Bitcoin via OKCoin.

This is lie.

No, this is GENTLEMEN.

[Flashman]

Is both? Is gentleman, is lying...

[kashish948]

Why is the price gone up?
Please tell me

Because this is BTC we talking about! Its volatile; this will keep happening!

[xcapator]

The party is over guys, stop denying the inevitable. BTC as we know it is still in downtrend and will probably be less than $200 by the end of this year. I hope I'm wrong though.