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Topic: Chinese factors behind the 14 billion marketcap of Bitcoin - page 2. (Read 2094 times)

full member
Activity: 730
Merit: 102
Trphy.io
Do you people think this ll continue going up? Does BTC s got any potential to reach $1k?

It can reach $1000, but it will take several months.
legendary
Activity: 3416
Merit: 1225
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I hope it's not a bubble, I've sold a few coins in this run but I am HODLING the majority of my stash for the long term. It'd be deflating to see us reach $1000+ only for the price to plummet several hundred dollars after.

I'm also hoping it's not a bubble either,some of the comments from this events dwells in the negative,like
Quote
It’s the Chinese that pump the price. Part of real estate funds are injected into Bitcoin and another function of bitcoin is to transfer money. Bitcoin is perfect for money laundering.
.

I want Bitcoin price to rise naturally not because Chinese are pumping it,it could give bitcoin a bad impression,let's see what will happen in the coming weeks.
legendary
Activity: 3556
Merit: 9709
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I hope it's not a bubble, I've sold a few coins in this run but I am HODLING the majority of my stash for the long term. It'd be deflating to see us reach $1000+ only for the price to plummet several hundred dollars after.
member
Activity: 70
Merit: 10
i think it will still go up until the first of january and it will reach it 1000 k dollars in no time .and i think the market of bitcoins is growing day by  day. and it will be the currency of china.
legendary
Activity: 1260
Merit: 1029
So price is going up because ppl that are organizing pyramid schemes are using it? Cmon now...how large should those be to be main driving force?
legendary
Activity: 2786
Merit: 1031
You will see the real driving force at the end of this story.

End of the story states that...

Quote
Pyramid Schemes

So where is money comes from? A latest topic on 8btc may tell the truth:

The thread claims that the MMM are the key forces for driving the price up

So, do u mean, Bitcoin has reached 900 USD because of MMM?

Latest surge in litecoin price where litecoin went up to $8 was because of some pyramid scheme in China, I wouldn't be surprised if something similar is helping bitcoin price right now.
legendary
Activity: 1621
Merit: 1000
news.8btc.com
Do you people think this ll continue going up? Does BTC s got any potential to reach $1k?

Likely, but 6400 is already a record high.
legendary
Activity: 1621
Merit: 1000
news.8btc.com

That's the source of the pic
3M才是本次行情的幕后推动,币圈不要YY了
http://8btc.com/thread-44018-1-1.html
sr. member
Activity: 294
Merit: 250
I don't think it's bubble. From the most beginning Chinese pay more attention to bitcoin that in remain world. And bitcoin developed there faster. I think they have their special culture about it and it's just can not be a fail.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Do you people think this ll continue going up? Does BTC s got any potential to reach $1k?
legendary
Activity: 1621
Merit: 1000
news.8btc.com
You will see the real driving force at the end of this story.

End of the story states that...

Quote
Pyramid Schemes

So where is money comes from? A latest topic on 8btc may tell the truth:

The thread claims that the MMM are the key forces for driving the price up

So, do u mean, Bitcoin has reached 900 USD because of MMM?

Apparently the general public still hates bitcoin.
sr. member
Activity: 329
Merit: 251
legendary
Activity: 2226
Merit: 1052
You will see the real driving force at the end of this story.

End of the story states that...

Quote
Pyramid Schemes

So where is money comes from? A latest topic on 8btc may tell the truth:

The thread claims that the MMM are the key forces for driving the price up

So, do u mean, Bitcoin has reached 900 USD because of MMM?
legendary
Activity: 1621
Merit: 1000
news.8btc.com

The $14 billion marketcap of Bitcoin is a good story for mainstream media. And the Chinese media did release stories as expected. But is the market really driven by Chinese capital market demand or it is just another bubble? You will see the real driving force at the end of this story.

http://news.8btc.com/chinese-factors-behind-the-14-billion-marketcap-of-bitcoin
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