[2015-11-05] Is This Man the Reason Behind the Bitcoin Price Surge?

justbitcoins

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Quote from: Sturgeon on November 06, 2015, 03:11:48 AM

http://m.china-mmm.net/wineletters/?email=&date=2015-11-04&has_video=1

hemmm i think this is very bad news, now bitcoin price down more and more

MMM has little to do with the price surge. If they buy, some people have to sell it to them. I think larger institutions enter the bitcoin market. They have to ability to pump the price.

Sturgeon

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ドラゴンスピ

http://m.china-mmm.net/wineletters/?email=&date=2015-11-04&has_video=1

hemmm i think this is very bad news, now bitcoin price down more and more

freedomno1

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Learning the troll avoidance button :)

Quote from: OmegaStarScream on November 06, 2015, 02:46:52 AM

Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion.

One thing for sure is that nobody can deny the effect China has had on the market in November 2013, the first time it surged past the US$500 mark. This time around, however, things might be a little different. According to research done by Finance Today’s Izabella Kaminska, this recent Bitcoin rally could be caused by a Pyramid Scheme named MMM, orchestrated by Sergei Mavrodi, a convicted Russian serial Ponzi scheme organizer.

Article : http://cointelegraph.com/news/115566/is-this-man-the-reason-behind-the-bitcoin-price-surge

I really want to get your opinions on this one Cheesy

Chinese factors tend to be the main reason for powerful spikes so I side with the Ponzi theory to an extent
Foundational support and increasing trading in both Europe and the United States as Keiser pointed out as well does mean that there are various factors involved even with the Ponzi element involved.

Were having fun with MMM as is
https://bitcointalksearch.org/topic/m.12892511

OmegaStarScream

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Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion.

One thing for sure is that nobody can deny the effect China has had on the market in November 2013, the first time it surged past the US$500 mark. This time around, however, things might be a little different. According to research done by Finance Today’s Izabella Kaminska, this recent Bitcoin rally could be caused by a Pyramid Scheme named MMM, orchestrated by Sergei Mavrodi, a convicted Russian serial Ponzi scheme organizer.

Article : http://cointelegraph.com/news/115566/is-this-man-the-reason-behind-the-bitcoin-price-surge

I really want to get your opinions on this one Cheesy

Topic: [2015-11-05] Is This Man the Reason Behind the Bitcoin Price Surge? (Read 393 times)