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Topic: CNBC Article: Bitcoin spikes 70% in a month; nobody knows why - page 2. (Read 2057 times)

hero member
Activity: 663
Merit: 501
quarkchain.io
No one knows why the U.S. Fed declined to raise interest rates or stop rebuying assets last month triggering a spike in the price of bitcoin.
legendary
Activity: 2282
Merit: 1023
Or it could probably be Willy.

Grin

Hmmm... this is possible... Willy 2.0 being used by Chinese Houbi exchange?
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Or it could probably be Willy.

Grin
legendary
Activity: 3430
Merit: 3074
The "why?" is best attributed to the lead up to the block reward halving next July-ish. Possibly prompted by the Liquid sidechain going live.
sr. member
Activity: 266
Merit: 250
The title of the article has a typo, it's supposed to read "Bitcoin spikes 70% in a month; CNBC has no idea why"

I don't think the sample tweets were very negative. I think it's good that there isn't a single or obvious reason for the media to attribute to the rise - it leaves them without a "oh, this is the only reason this is happening" explanation.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
It's funny that they put those relatively hateful tweets as part of the article, where they practically flame bitcoin for no reason at all.
The only positive thing i have read there is " so there may be a genuine upswing in interest from that region."
Why can't they write something like bitcoin is on the path to recovery or something, instead of attributing surge to "ignorant speculators ", it's not like we
didn't have massive amount of positive news...
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
Good points on the article and had some valuable possible reasons and yet there are still the so called "Buttcoiner's" on the comment section which I really don't get how they get to live with those brains... There was also an interesting article some where along the line of the article regarding: Bitcoin to be 6th largest reserve currency by 2030: Research
hero member
Activity: 493
Merit: 500
nice to see mainstream media with *slightly* positive coverage. and yeah, the comments are improving in these articles. more people are defending BTC; great to see.
legendary
Activity: 1092
Merit: 1001
For your reading pleasure.
http://finance.yahoo.com/news/bitcoin-spikes-70-month-nobody-203526770.html

Not very informative, but still fun to see.

Many people in the comments section seem to be pro bitcoin and/or defending it from the usual Buttcoiner comments.
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