Topic: Bitcoin price rose by 25% in a week ,why ? - page 2. (Read 1869 times)

As DolanDuck said, the reason is because BTC had fallen to its lowest since last year I believe, and many investors saw the opportunity to but low. So the prices are rising, but I don't think they will manage to go above 600.

Bitcoin reached its bottom and a new wave of investors with deep pockets has put the money in,
this is just the first round of the new starting bubble.

Rumours of large institutional buyers who bought making the rounds
Probably true in some form, not sure whether the uptrend will persist

According to TechCrunch ,Bitcoin changeable price attracted much attention last week again ,one is its price rose by 25% in a week ,another is that a report points out that robots from Mt.Gox operated Bitcoin price .
Bitcoin price rises but its trading times are the same .
Bitcoin latest trading price is about 580 dollars rising by 25% in a week .It seems that customers are interested in it again .However ,its trading frequency hasn’t risen –the daily
trading times of Bitcoin exchanging website Coinbase are still from 50,000to 75,000,but the Bitcoin trading amount in Bitcoin trading places is rising rapidly .
The statistics of daily trading times of Bitcoin trading places (expect Coinbase )last one month.
Bitcoin exchanging price change last one month 　

Secretive account “willy ”
Someone publishes a report called Willy Report through Wordpress .The report draws a conclusion through the trading record of Mt.Gox :Mt.Gox owns robot account ,and it made much effect on Bitcoin rising price on November last year .Its operator may be Mt.Gox itself .
Willy Report calls the robot as Willy –it is not a single account ,but an account only buys not sells founded on 27th September ,2013.
Its peculiarity :set an account and spend a very exact amount in buying Bitcoin (about 2.5 million dollars ),then set a new account again .After an account stops ,another account may continue .The account has spent 0.112 billion dollars in buying about 0.27 million trunk Bitcoin .And most Bitcoin were bought on November ,2013,while Bitcoin price rose crazily in this month .
Somebody said that Bitcoin rapidly changeable price was made by Chinese .And some said one or two accounts may not make a big effect on the global market .But according to Willy Report ,the willy account made a big effect on Bitcoin price .
Who is the operator ?According to Willy Report ,the robot account may be the criminal of the 0.5 billion dollars stolen Bitcoin .Its operator may be Mt.Gox itself .

Will Bitcoin appear new round increase ?
In fact ,if Bitcoin trading amount increases ,its applicable value can be realized.
What should we pay more attention to ?trading times or Bitcoin trading amount ?They are all important ,but trading times may be more important .As Bitcoin fans use it in their lives constantly ,we can see that the trading times will increase .
Anyway ,Bitcoin backlash means that it may be a large amount of money to buy it .


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
Source http://it.sohu.com/20140527/n400115046.shtml?qq-pf-to=pcqq.c2c