Topic: BTC Price increase!! (Read 324 times)
It was already discussed in another thread but here is a good read about it:
http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed
and follow on
http://www.zerohedge.com/news/2015-11-04/bitcoin-soars-14-month-highs-major-exchange-eases-access-chinese
I would like to get some input as to what happened that made BTC shoot up over 200 in the past week or so. Every stock moves up and down during the day, some during the weeks, but what is the trigger that moves the bitcoin price up and down? I have been doing some market research and I have not found no rhyme or reason as to why the jump, other than the trading increasing. I also see a small decline, as I do in the trading, but I am not sure what is making this do this. If an oil rig goes down for a major drilling operation, you will see their stock prices plummet, but there is no physical end of BTC. Anyone have any input?
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