Is Alibaba the cause of the Bitcoin low price of last months?

CryptoCarmen

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Quote from: ihuntbtc on September 19, 2014, 02:29:01 PM

http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/

It makes sense to me. The chinese have cashed out some of their BTC to buy on the Alibaba IPO. Once they make profits, they'll cash out the BABA gains and get back on BTC which is an actual long term disruptive historical technology tier investment, not some company. I can see how the price will skyrocket in the next months when the chinese get back in (or other inteligent people with money)

Of course it is, it sucked money from just anything.

panju1

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Quote from: leannemckim46 on September 20, 2014, 06:55:48 PM

Quote from: DailyTrader on September 19, 2014, 10:23:57 PM

People moving money to sterling for the Scottish vote of independence. Pretty much a billion dollar bet on Scots to say no, 18-8 hours before it happened.

I would not be entirely surprised if this is true. Scottland winning the independence vote would likely have caused the british pound to decline in value (more then it had in running up to the vote) and some of those pound sales would likely have flowed into bitcoin

Not to mention the speculation that Scotland could adopt bitcoin as its official currency. Grin

leannemckim46

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Quote from: DailyTrader on September 19, 2014, 10:23:57 PM

People moving money to sterling for the Scottish vote of independence. Pretty much a billion dollar bet on Scots to say no, 18-8 hours before it happened.

I would not be entirely surprised if this is true. Scottland winning the independence vote would likely have caused the british pound to decline in value (more then it had in running up to the vote) and some of those pound sales would likely have flowed into bitcoin

BeeTeeSea

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Quote from: Eastwind on September 20, 2014, 05:26:23 AM

Anything can be the cause of BTC drop. The market capitalization of BTC is too small.

Indeed, this should remind btc will go much higher.

Unbelive

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So you see what will happen with price, when people will be able to buy alibaba shares, or any other directly?

botany

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People should be allowed to borrow against their bitcoin holdings. Grin

Eastwind

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Anything can be the cause of BTC drop. The market capitalization of BTC is too small.

DailyTrader

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People moving money to sterling for the Scottish vote of independence. Pretty much a billion dollar bet on Scots to say no, 18-8 hours before it happened.

leannemckim46

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I personally do not think so, but it seems that some people disagree with me. I have read a couple of articles that speculate that the alibabas IPO is being invested in by Chinese investors who also own bitcoin.

I think this would be kind of far fetched, as people do not usually sell one investment with the intent of buying a very different investment that is in no way related to the first one.

ihuntbtc

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http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/

It makes sense to me. The chinese have cashed out some of their BTC to buy on the Alibaba IPO. Once they make profits, they'll cash out the BABA gains and get back on BTC which is an actual long term disruptive historical technology tier investment, not some company. I can see how the price will skyrocket in the next months when the chinese get back in (or other inteligent people with money)

Topic: Is Alibaba the cause of the Bitcoin low price of last months? (Read 1100 times)