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Topic: Bitcoin price (Read 1004 times)

newbie
Activity: 57
Merit: 0
January 06, 2014, 01:19:34 AM
#21
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.

I agree, I figured because of these big companies that are starting the use bitcoins it will drive the price up. If netflix picks it up it will be tooooo the moooooon
sr. member
Activity: 336
Merit: 250
January 06, 2014, 12:32:55 AM
#20
to the moon!
newbie
Activity: 11
Merit: 0
January 06, 2014, 12:11:49 AM
#19


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.
newbie
Activity: 56
Merit: 0
January 06, 2014, 12:09:40 AM
#18
Bitcoin to the moon Grin
Frick the moon! this coin is going to the kupier belt!
member
Activity: 84
Merit: 10
January 06, 2014, 12:03:24 AM
#17
Bitcoin to the moon Grin
full member
Activity: 126
Merit: 100
January 06, 2014, 12:03:15 AM
#16
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!
newbie
Activity: 2
Merit: 0
January 05, 2014, 11:53:16 PM
#15
That's good new  Cheesy
sr. member
Activity: 420
Merit: 250
Kamehameha!!!
January 05, 2014, 11:51:05 PM
#14
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.
sr. member
Activity: 294
Merit: 250
January 05, 2014, 11:32:58 PM
#13
I think it just has to do with the holidays being over. Nothing special.
newbie
Activity: 1
Merit: 0
January 05, 2014, 11:31:23 PM
#12
It appears that no single country can slow it down.
newbie
Activity: 15
Merit: 0
January 05, 2014, 11:29:45 PM
#11
Because, bitcoin is awesome.
newbie
Activity: 1
Merit: 0
January 05, 2014, 11:04:16 PM
#10
Whatever it is, it's a good thing.
member
Activity: 103
Merit: 327
January 05, 2014, 11:02:58 PM
#9
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?
full member
Activity: 154
Merit: 100
January 05, 2014, 11:01:33 PM
#8
I'd put it down to supply and demand above anything else.

More people wanting to buy than sell  Smiley
newbie
Activity: 8
Merit: 0
January 05, 2014, 10:52:47 PM
#7
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.
newbie
Activity: 15
Merit: 0
January 05, 2014, 10:18:18 PM
#6
seems kind of odd don't you think?
hero member
Activity: 742
Merit: 502
Circa 2010
January 05, 2014, 10:11:55 PM
#5
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.
newbie
Activity: 4
Merit: 0
January 05, 2014, 10:09:10 PM
#4
to da moon Cheesy
full member
Activity: 532
Merit: 100
January 05, 2014, 08:43:29 PM
#3
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.
newbie
Activity: 12
Merit: 0
January 05, 2014, 08:39:25 PM
#2
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.  Undecided
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