Nobody is talking about the reason for this rise!

JimboToronto

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Quote from: ivanst776 on November 26, 2016, 08:00:07 AM

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

The recent tiny dip? Not deep enough for me to buy into, a mere bump on the long road upward.

Black Friday? That means nothing to people outside the USA. Do you think they care in China or India?

Or the rest of Asia, or Canada, or Europe, or Africa, or South or Central America, or Australia?

Sometimes some Americans allow themselves to get brainwashed into thinking that the world begins and ends in the Land of the Incarcerated and the Home of the Emboldened.

d@nte

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Quote from: ivanst776 on November 26, 2016, 08:00:07 AM

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

This may be one of the reasons that led to the recent drops, especially for taking place over a weekend. But I believe that the price recovery will occur quickly, because factors like these, involving India and China, will probably continue to be priced in for some time.

richmcrich

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Quote from: ivanst776 on November 26, 2016, 08:00:07 AM

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

No, that fall was just an usual market fluctuation alone. Bitcoin prices are damn stable around $730 price levels. This stable prices definitely will help it to break its resistance levels around $760, if it happened we can see $800 so easily.

Quote from: ivanst776 on November 26, 2016, 08:00:07 AM

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

People are getting ready for their celebrations like Christmas, New Year and January month has many festivals for different culture people, so we can expect bitcoin prices to keep on increasing for next two months for sure.

bit1

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Quote from: jjacob on November 27, 2016, 09:48:57 AM

Quote from: ivanst776 on November 26, 2016, 08:00:07 AM

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

For every spender, there is a receiver of bitcoin. Yes, some of these coins will be converted into fiat, but some of it will be retained in the form of Bitcoin too. So you can't look at this as a reason for any of the drops.

Ok, only one more thing, 1-50 range couldn´t be considered as dropping too much, and less considering that price could go up again as in the previous days.

jjacob

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Quote from: ivanst776 on November 26, 2016, 08:00:07 AM

I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

For every spender, there is a receiver of bitcoin. Yes, some of these coins will be converted into fiat, but some of it will be retained in the form of Bitcoin too. So you can't look at this as a reason for any of the drops.

ivanst776

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I think we should more be focused about the recent drop that has happened these days, even now the price is dropping too much.

Maybe because people have spend lots of money on black friday and now are not interested in bitcoin until next month or next year.

saiha

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Quote from: Invulner on November 26, 2016, 04:44:18 AM

Quote from: kidsrock on November 26, 2016, 04:08:49 AM

i think the rise of bitcoin is because random factor from anywhere and not from the list that OP said. like how the position of buy and sell in the market, what is going on with china market, and any else.

Well, the Chinese definitely are one of the largest buyers in the world of bitcoin. I mean, just look at BTCChina or OKCoin's volume over the last 24 hours. I know that they are fee-free exchanges, but they are miles ahead with the figures.

Or maybe it is just a random occurance of the market. Who knows.

They are also the majority miners in the whole world. And those Chinese people are becoming more wise this time, maybe they know that bitcoin will soon rise higher.

Because of those volume who bought bitcoins recently knows and appreciates that there will be a pump soon.

Invulner

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Invulner

Quote from: kidsrock on November 26, 2016, 04:08:49 AM

i think the rise of bitcoin is because random factor from anywhere and not from the list that OP said. like how the position of buy and sell in the market, what is going on with china market, and any else.

Well, the Chinese definitely are one of the largest buyers in the world of bitcoin. I mean, just look at BTCChina or OKCoin's volume over the last 24 hours. I know that they are fee-free exchanges, but they are miles ahead with the figures.

Or maybe it is just a random occurance of the market. Who knows.

kidsrock

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i think the rise of bitcoin is because random factor from anywhere and not from the list that OP said. like how the position of buy and sell in the market, what is going on with china market, and any else.

Omegasun

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Quote from: bitebits on November 23, 2016, 05:08:57 PM

Quote from: Yuuto on November 19, 2016, 12:29:14 AM

I think that the reason is pretty much more people realising that bitcoin is a good investment at this stage with such a low price. More Chinese investors as well I guess. Volume has been consistently over billions of dollars on major Chinese exchanges.

Trump could also be a reason.

Trump prefers gold:

Hahaha. Nice pic, if trump prefers gold, then he might be interested too on bitcoin because he can buy a lot of gold if he invest on bitcoin because of certain price inflation

rizkyhiw

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Quote from: panju1 on November 22, 2016, 12:12:55 PM

Quote from: BTCLovingDude on November 17, 2016, 09:38:13 AM

all i see is either people who missed the rise and now crying and wishing for a dip. or i see others who are singing moon songs.

but nobody is talking about why price has been rising, so please share your thoughts here about why the rise now?

is it
- Trump
- China
- SegWit
- India
- random?...

My vote would be for random. There are too many factors at play in the Bitcoin market, each tugging at the price in separate directions.
The news from India on demonetization is recent and has come about after the price rise. So I wouldn't attribute the price rise to India.

i even think all of them combined is the real reason why bitcoin price rocketed lately
trump : if you take a look to commodity market all get dropped price but not with bitcoin
china : as we may know they are always playing the game of pump/dump due to high bitcoin power
india : rumoured this country has the fastest bitcoin growth and could be the next china, all of them connected and combined push bitcoin price.

bitebits

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Quote from: Yuuto on November 19, 2016, 12:29:14 AM

I think that the reason is pretty much more people realising that bitcoin is a good investment at this stage with such a low price. More Chinese investors as well I guess. Volume has been consistently over billions of dollars on major Chinese exchanges.

Trump could also be a reason.

Trump prefers gold:

jondeen707

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To me it's both steady global proliferation and demand from China mostly. All other notable factors add to that as well.

bitebits

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Quote from: Yogafan00000 on November 17, 2016, 12:44:30 PM

The true answer is far more complex than Trump or China.

Bitcoin is the first currency where anyone on the planet can create demand for it while the supply is perfectly fixed at 21 million. Even gold can be dug from the ground or mined from asteroids to supply more.

With Bitcoin, a Chinese peasant is on the same footing as a New York banker and an African construction worker. So you have 7.5 billion opportunities for price appreciation. The human mind boggles at these numbers. We cannot comprehend the scope or scale of the entire planets potential influence on price.

Even whales are crushed by an ocean of microscopic jellyfish.

We are only getting started.

+1, well written. Digital, neutral scarcity is powerful beyond imagination.

Bitmore

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Quote from: BitcoinBarrel on November 17, 2016, 09:49:04 AM

This up $50, down $50, up $50 roller coaster could be a well calculated pump.

It in interesting that the pumps are getting proportionally weaker as a percentage of the price, but the price overall is rising on average...

panju1

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Quote from: BTCLovingDude on November 17, 2016, 09:38:13 AM

all i see is either people who missed the rise and now crying and wishing for a dip. or i see others who are singing moon songs.

but nobody is talking about why price has been rising, so please share your thoughts here about why the rise now?

is it
- Trump
- China
- SegWit
- India
- random?...

My vote would be for random. There are too many factors at play in the Bitcoin market, each tugging at the price in separate directions.
The news from India on demonetization is recent and has come about after the price rise. So I wouldn't attribute the price rise to India.

olcaytu2005

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Bitmain needs to load off their bags. Wink

Skjöld

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I have another idea that you could add to your list : Black Friday and Christmas. Last year there was already such an increase at the same period, maybe for the same reason ?

JimboToronto

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You're never too old to think young.

You need a reason for a rise?

Rising in value is what Bitcoin has pretty much always done, except for one freak year (2014) when it actually fell.

Rising is nothing unusual.

BitcoinPC

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Quote from: BTCLovingDude on November 17, 2016, 09:38:13 AM

all i see is either people who missed the rise and now crying and wishing for a dip. or i see others who are singing moon songs.

but nobody is talking about why price has been rising, so please share your thoughts here about why the rise now?

is it
- Trump
- China
- SegWit
- India
- random?...

Personally,Ii think it is India, because in India has banned his some currency note, like 500 and also 1 more but i am not confirm about it, is it 1000 or 5000 note ? So that's why Indian's people starting investment in bitcoin and also buy it, may be one that reason, because i heard about it, Otherwise, everyone know that in the end of this year, bitcoin would be started to grow up, So this time has come.

Topic: Nobody is talking about the reason for this rise! (Read 3518 times)