Bitcoin up 10% in 24hrs WHY? One word: RUSSIA

[dKingston]

Ruble is crashing and Russians are moving into Bitcoins driving the price up .. expect a new bull market for btc starting NOW

[Remember remember the 5th of November]

Also Ukraine has banned fiat or so I read and China has said that private currency can co-exist with govermment issued currency. MS also accepts Bitcoin(indirectly). Either way, all positive news lately, there was just bound to be some rise.

[hexafraction]

Also Ukraine has banned fiat or so I read

Source please? I'd be very interested to hear more information about this.

[hyphymikey]

I'm guessing we are up 10% because idiots sellers stopped selling so much.

[smoothie]

With all the fiat funny munny floating around this world there is only really one outcome and that is for bitcoin to go to infinity.

Based purely on the fundamentals of fiat currency vs that of bitcoin.

Game Over.

[hexafraction]

I'm guessing we are up 10% because idiots sellers stopped selling so much.

That or technical traders stopped pushing each other to sell.

[xDan]

We're still down on a week ago... This is not exciting.

Give me 10% rise for 7 days in a row.

pls

[caga]

Also Ukraine has banned fiat or so I read and China has said that private currency can co-exist with govermment issued currency. MS also accepts Bitcoin(indirectly). Either way, all positive news lately, there was just bound to be some rise.

I am still curious what does it mean by Ukraine by banning fiat?
If they did, then what do they  use?

[LiteCoinGuy]

why? because people buy BTC .

[NarC]

We're still down on a week ago... This is not exciting.

Give me 10% rise for 7 days in a row.

pls

We can only hope

[galbros]

I think if Russians were moving into bitcoin in a big way the price would be up a lot more than this.  Maybe in time, but I thought Russia made it difficult to buy bitcoin as well.

[catena5260]

I think the revision of the new york bitlicense is a more likely cause

http://www.coindesk.com/lawsky-outlines-revisions-new-yorks-bitlicense-dc-speech/

[Meuh6879]

end of the year, need invest in solid asset before 2015 begin ...

[ensurance982]

Unfortunately Russia seems to be one of the most complicated places to get Bitcoin for the average person, due to the relatively hard stance Russia has taken on Bitcoin. If you ask me this has been done exactly to counter-act what we're seeing now. A potential flight into Bitcoin, since their FIAT currency is toppling hard.

[Possum577]

Any facts to support that premise?

It's fun to daydream.

[jonald_fyookball]

Ruble is crashing and Russians are moving into Bitcoins driving the price up

DOUBT IT.

[Netnox]

Are we going to act happy every time Bitcoin goes up a little while trending down? I don't really think Russia was the cause either, if Russia really jumps into Bitcoin ATH will be crashed pretty quick.

[MichaelBliss]

I think the revision of the new york bitlicense is a more likely cause

http://www.coindesk.com/lawsky-outlines-revisions-new-yorks-bitlicense-dc-speech/

I'm gonna have to agree with that.  I thought the revision and also just the process getting closer to conclusion would cause an increase, and it did.  Everybody is waiting for clarity, before that there is no way big players will want to risk their image or more by playing with Bitcoin.

[Seketsuna]

Ruble is crashing and Russians are moving into Bitcoins driving the price up

DOUBT IT.

I doubt it also, if they're indeed moving to bitcoins then the price wont be like this.

[thms]

There's no such thing as "Ukraine has banned fiat"... that's just ridiculous... please let's be cautious before spreading misinformation that ultimately will just embarass the bitcoin community.