Christmas and Bitcoin - page 3. | Bitcointalksearch.org

richardsNY

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Quote from: MaxTax on December 10, 2015, 10:18:12 AM

Quote from: richardsNY on December 10, 2015, 08:32:51 AM

We simply don't know exactly why the price is going up. The only thing we can do is make a rough guess. I personally think it's more due to the upcomming block halving. That's the most likely scenario.

Yeah exactly we can only speculate about how we want it to go or how we think it will go.
I don't know what silk road is, anyone care to explain?

SilkRoad was a marketplace that people could only access via TOR. There you could buy all kind of things, drugs, weapons, pc parts, fake id's and so on. It was the first merchant that was solely operating with Bitcoin.

MaxTax

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Quote from: richardsNY on December 10, 2015, 08:32:51 AM

We simply don't know exactly why the price is going up. The only thing we can do is make a rough guess. I personally think it's more due to the upcomming block halving. That's the most likely scenario.

Yeah exactly we can only speculate about how we want it to go or how we think it will go.
I don't know what silk road is, anyone care to explain?

premium_domainer

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i thought it go low but reverse action is going on. Good for us Wink

richardsNY

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We simply don't know exactly why the price is going up. The only thing we can do is make a rough guess. I personally think it's more due to the upcomming block halving. That's the most likely scenario.

n2004al

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Quote from: thirdprize on December 10, 2015, 05:51:05 AM

Here is my theory. The first big Btc boom coincided with two things, christmas and Silk Road. I am sure lots of people were getting ready to party and Btc just happened to be the easiest way to order stuff from SR. SR gets busted and no real big booms again. Now its in the lead up to christmas again and the price is going up again. Coincidence? There are probably dark net sites somewhere causing the boom.

With much probability will go down. People will want to buy gifts for Christmas. The holders or owners (is the same) of bitcoin will want to do so too. They will try to use their bitcoins to buy presents but are very few the possibilities to buy Christmas or not typically Christmas (but yet) gifts and the only way that they have to have their gifts is to change those. This action will increase the supply and normally the price should go down. This is theory and cannot tell that it will so for sure. For example the amount of bitcoin added to the market can be very few and not important (unable) to influence the price of bitcoin. Anyhow, the most big probability of the trend that could have the price of bitcoin for Christmas, would be more going down that going high.

HarHarHar9965

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Quote from: thirdprize on December 10, 2015, 05:51:05 AM

Here is my theory. The first big Btc boom coincided with two things, christmas and Silk Road. I am sure lots of people were getting ready to party and Btc just happened to be the easiest way to order stuff from SR. SR gets busted and no real big booms again. Now its in the lead up to christmas again and the price is going up again. Coincidence? There are probably dark net sites somewhere causing the boom.

Yeah we can see bump in the time of Christmas due to money need people who is on bitcoin they start to utilize the bitcoin. Then Price will automatically increase at that time.

ronald98

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The price was pumped up after the Silk Road was busted, not before. The Silk Road bust made the news, then the USA held a meeting to decide whether to ban Bitcoin or not. After the meeting it announced it was not banning Bitcoin, and the price skyrocketed. The pump started literally straight after that announcement.

HarryKPeters

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Live Stars - Adult Streaming Platform

Nah don't think that. Silk road + mnt. gox pumped the price, there was no real innovation just air and rumours which made the price bump. Currently i has to do with the block halving I think.
Because again, there is no positive news...

thirdprize

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Here is my theory. The first big Btc boom coincided with two things, christmas and Silk Road. I am sure lots of people were getting ready to party and Btc just happened to be the easiest way to order stuff from SR. SR gets busted and no real big booms again. Now its in the lead up to christmas again and the price is going up again. Coincidence? There are probably dark net sites somewhere causing the boom.

Topic: Christmas and Bitcoin - page 3. (Read 2773 times)