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Topic: Bitcoin up 10% in 24hrs WHY? One word: RUSSIA (Read 3220 times)

legendary
Activity: 3248
Merit: 1070
December 28, 2014, 08:57:10 AM
#36
they will not buy 100% bitcoin just because their loved fiat it's crushing

bitcoin isn't stable enough for them, and they also banned it
sr. member
Activity: 341
Merit: 250
They afraid bitcoin will become strong in their country

RussiaCoin is well placed to take advantage of the Russian Economic downturn http://www.russiacoin.info/

With just over 7.7 Million RC coins, RC is POS and is sitting at 93 sats (with less than 1% of RussiaCoin's listed at BlueTrade ~ https://bleutrade.com/exchange/2129 )

Check us out at Facebook https://www.facebook.com/RussiaCoin

and follow us on Twitter https://twitter.com/RussiaCoin

You can buy RussiaCoins with BitCoins, LiteCoins, DogeCoins and even US dollars.

Let me see, Scrypt algorithm with 15% PoS & 144 million coin will be created.
I bet this coin price never reach 5 bits

Most country coins get pumped and dumped.
full member
Activity: 238
Merit: 100
Yeah. Although the Russian economy might have triggered a little bump, the 10% increase isn't really uncommon.

If you look at the charts, this has happened before countless number of times.
legendary
Activity: 1582
Merit: 1064
With Bitcoin's volatility, a 10% move is not that extraordinary.
Gains seem to have been given up now.
sr. member
Activity: 325
Merit: 251
Any ideas?
RussiaCoin is well placed to take advantage of the Russian Economic downturn http://www.russiacoin.info/

With just over 7.7 Million RC coins, RC is POS and is sitting at 93 sats (with less than 1% of RussiaCoin's listed at BlueTrade ~ https://bleutrade.com/exchange/2129 )

Check us out at Facebook https://www.facebook.com/RussiaCoin

and follow us on Twitter https://twitter.com/RussiaCoin

You can buy RussiaCoins with BitCoins, LiteCoins, DogeCoins and even US dollars.
sr. member
Activity: 406
Merit: 250
AltoCenter.com
So much for the RUSSIAN independence of economy. They just had to crawl back to bitcoin.
legendary
Activity: 1218
Merit: 1003
Ruble is crashing and Russians are moving into Bitcoins driving the price up .. expect a new bull market for btc starting NOW

Oh.  Interesting.  Whats your explanation for the last 10 ten percent increases over the last three months?
You act as if this is a first.  It's been going between 320 and 450 repeatedly for the last several weeks.
Cracks me up how short sighted people are.

-B-
The same happens with all financial analysis. Try always want to assign a reason for a move, whereas sometimes the market is irrational and does things without old reason.
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option

Is that for cryptocurrency exchanges or Fiat exchanges?
30% is a lot for a fee.
hero member
Activity: 840
Merit: 524
Yes!
Ruble is crashing and Russians are moving into Bitcoins driving the price up .. expect a new bull market for btc starting NOW

Oh.  Interesting.  Whats your explanation for the last 10 ten percent increases over the last three months?
You act as if this is a first.  It's been going between 320 and 450 repeatedly for the last several weeks.
Cracks me up how short sighted people are.

-B-

Yeah, maybe but there should be some effect from the Russian part. Tongue
Come on we cannot ignore the contribution from the world's largest country.

Let us find more reasons to be bullish Smiley
full member
Activity: 126
Merit: 100
Ruble is crashing and Russians are moving into Bitcoins driving the price up .. expect a new bull market for btc starting NOW

Oh.  Interesting.  Whats your explanation for the last 10 ten percent increases over the last three months?
You act as if this is a first.  It's been going between 320 and 450 repeatedly for the last several weeks.
Cracks me up how short sighted people are.

-B-

THANKKK YOUUU Finally somebody who see's it  Kiss Kiss Kiss
hero member
Activity: 924
Merit: 1001
Ruble is crashing and Russians are moving into Bitcoins driving the price up .. expect a new bull market for btc starting NOW

Oh.  Interesting.  Whats your explanation for the last 10 ten percent increases over the last three months?
You act as if this is a first.  It's been going between 320 and 450 repeatedly for the last several weeks.
Cracks me up how short sighted people are.

-B-
member
Activity: 124
Merit: 11
US dollars are also illegal as tender in Russia, yet when I was last in Moscow during the last depressive period everybody would require USD.

Bitcoins biggest opportunity is in places where it is banned, because it usually those places where there are other currency controls in place against the population.
legendary
Activity: 1372
Merit: 1014
and yet, localbitcoins has been banned in Germany not Belarus or Russia!!!

so-called evil countries:

https://localbitcoins.com/country/RU
https://localbitcoins.com/country/CN
https://localbitcoins.com/country/BY

...working

so-called democratic country:

https://localbitcoins.com/country/DE

...blocked
sr. member
Activity: 308
Merit: 250
russia can make bitcoin's price goes up、?
legendary
Activity: 1428
Merit: 1000
legendary
Activity: 1526
Merit: 1000
the grandpa of cryptos
best investment is now into selling BTC for RUR Smiley
sr. member
Activity: 427
Merit: 250
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.
sr. member
Activity: 294
Merit: 250
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.
hero member
Activity: 526
Merit: 500
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.
legendary
Activity: 2044
Merit: 1008
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.
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