Author

Topic: Bitcoin up 10% in 24hrs WHY? One word: RUSSIA (Read 3228 times)

legendary
Activity: 3248
Merit: 1072
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.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Ruble is crashing and Russians are moving into Bitcoins driving the price up

DOUBT IT.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
Any facts to support that premise?

It's fun to daydream.
hero member
Activity: 518
Merit: 500
Trust me!
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.
legendary
Activity: 1512
Merit: 1012
end of the year, need invest in solid asset before 2015 begin ...
sr. member
Activity: 476
Merit: 501
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/
legendary
Activity: 1022
Merit: 1000
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.
full member
Activity: 189
Merit: 100
BitcoinStoreStarter.com
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
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
December 20, 2014, 07:14:51 PM
#9
why? because people buy BTC .
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
December 20, 2014, 06:59:37 PM
#8
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?
hero member
Activity: 686
Merit: 500
ヽ( ㅇㅅㅇ)ノ ~!!
December 20, 2014, 06:43:17 PM
#7
We're still down on a week ago... This is not exciting.

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

pls
sr. member
Activity: 392
Merit: 268
Tips welcomed: 1CF4GhXX1RhCaGzWztgE1YZZUcSpoqTbsJ
December 20, 2014, 06:32:15 PM
#6
I'm guessing we are up 10% because idiots sellers stopped selling so much.

That or technical traders stopped pushing each other to sell.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
December 20, 2014, 06:30:23 PM
#5
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.
hero member
Activity: 784
Merit: 1000
December 20, 2014, 06:26:04 PM
#4
I'm guessing we are up 10% because idiots sellers stopped selling so much.
sr. member
Activity: 392
Merit: 268
Tips welcomed: 1CF4GhXX1RhCaGzWztgE1YZZUcSpoqTbsJ
December 20, 2014, 06:24:59 PM
#3
Also Ukraine has banned fiat or so I read

Source please? I'd be very interested to hear more information about this.
legendary
Activity: 1862
Merit: 1014
Reverse engineer from time to time
December 20, 2014, 06:18:59 PM
#2
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.
hero member
Activity: 482
Merit: 500
LAUNDER BITCOIN: https://BitLaunder.com
December 20, 2014, 06:12:48 PM
#1
Ruble is crashing and Russians are moving into Bitcoins driving the price up .. expect a new bull market for btc starting NOW
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