Nobody is talking about the reason for this rise! - page 2.

Kotone

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Quote from: BTCLovingDude on November 17, 2016, 08:38:13 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?...

It doesn't mean that trump wins it will affect the economi of bitcoin let's see on what is the real future of bitcoin and either trump gonna involved bitcoin in his country this is the right time to take advantage and use our bitcoin to shop online and it will become more popular if this happens.

BitHodler

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Quote from: icecube45 on November 21, 2016, 02:29:09 AM

I think the cause of rising bitcoin prices due to the election trump and worries China conditions. Trump has a lot of controversial policies, many say the election Trump will make the market unstable that will make bitcoin increase. Conditions China is also a major factor bitcoin price increases, with the devaluation of the Yuan by the Chinese central bank to be the trigger. This uncertainty triggered a high demand for bitcoin.

The election of Trump has nothing to do with the recent increase. People simply think so because the price has been manipulated to get such an impression. It's all China that is pumping up the price.

It's the Chinese pumper team operating from several exchanges that is forcing us to move into a certain direction. It has been like this from the beginning.

These people enjoy the opportunity to trade in such a quick fashion, that even when the price isn't moving one or more per cent, that they can still earn tens of thousands of dollars per day. Or better said, CNY. And all that with 0% fees.

BTCLovingDude

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Quote from: Denker on November 21, 2016, 02:40:57 AM

And who is talking about the correction now? Cheesy

Some doom sayers will call it a dump of course!

whenever there is a change these doomsaday guys come out of their hidings like quakduck! and nobody pays any attention to them any more.
but the reason why i created this topic was to spark some discussions about the reasons for these changes!

Quote from: vasrasus on November 19, 2016, 09:38:33 AM

None of the above. I just thought its because of the season . Christmas season i think. Haha anyway it is also because the dollar value is in a bigger value now than before the last time i chech it goes 49 in our currency before it is only 43 , still its incteasing but really i thought because of the season things seems easy and fun when Christmas is coming.

interesting but doubt it is because of Christmas , don't people need liquidity these days for buying stuff? usually price should go down because of cash outs?!

Denker

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And who is talking about the correction now? Cheesy

Some doom sayers will call it a dump of course!
In general it's always the market.No real reasons are needed with such a small marketcap Bitcoin is having compared to all the other traditional markets.
Whales can manipulate in any direction pretty easy.That's something we will have to deal with for a few more years if we don't see any unexpected influx of fresh users and their money.

icecube45

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I think the cause of rising bitcoin prices due to the election trump and worries China conditions. Trump has a lot of controversial policies, many say the election Trump will make the market unstable that will make bitcoin increase. Conditions China is also a major factor bitcoin price increases, with the devaluation of the Yuan by the Chinese central bank to be the trigger. This uncertainty triggered a high demand for bitcoin.

BitcoinPanther

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It is always the adoption and whales manipulation of news and social media that make bitcoin price increase. They are so keen to use all the economic events into possibly affecting bitcoin price ups or downs. At the end of the day people don't have choice but to follow what this whales are planning since they have enough btc to move the market to support the news and the next thing is the domino effect.

Wind_FURY

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Quote from: Yuuto on November 18, 2016, 11:29:14 PM

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.

So meaning you really do not have a clue what the real reason is for the rise. Your reasoning went from "the people" to "the Chinese investors" to "Trump". The people who really know will not tell you, why would they? It is their game to play and we are only in it for the ride. For all we know, this could be a group of whales utilizing a pump and dump strategy on Bitcoin and it does not have any connection or reliance to any economic event.

Monnt

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Quote from: machinek20 on November 18, 2016, 06:43:04 PM

It is probably the combination of trump and india, as we know after trump become the choosen president the price directly go up, some of them say because of the expert predict there will be a crash in stock market so alot of bitcoin user buy bitcoin and recently india bans their big currency notes that cause a lot of people buy bitcoin, but whatever the reason behind the rising price i am happy about this news

Yeah you have a valid point, I am not sure about USA but in Indian I heard bitcoin's trading around 900$ + and hey its not trading high, thats the actual value of bitcoins.
Added to this the best time to buy bitcoins is now because it will go higher till the end of December now.

alyssa85

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Quote from: alyssa85 on November 19, 2016, 10:11:17 AM

Quote from: 20kevin20 on November 19, 2016, 09:18:07 AM

It's probably India and Trump. People are always investing in anything else but their local currency when they don't feel safe about their country anymore. In India, the price for one Bitcoin reached $900 a few days ago. That's huge, and will probably be influential for us too: the price will rise.

It is India, because they are swapping out their old notes and some people are trying to put their money into gold and bitcoin instead.

Trump isn't an issue - and the Federal reserve is certain to raise interest rates in their December meeting, which will strengthen the dollar. If the dollar goes up, bitcoin will drop, so take a modest amount of profits before the Fed meeting.

I hope people took some profits, as I advised yesterday.

talkbitcoin

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Quote from: davinchi on November 19, 2016, 03:18:30 PM

Quote from: unknown04 on November 17, 2016, 11:26:52 PM

another reason why bitcoin might increase further.... https://cointelegraph.com/news/bitcoin-on-boulevard-25-shops-in-paris-ready-to-accept-bitcoin-for-payment

if more and more businesses adopt and accept bitcoins, I can't find any reason why it won't increase further....

Actually this made me emotional, I have seen a dream of bitcoins accepted wordwide and such news could be awesome for the dream to come true. Seriously, please can someone here who has big amounts like maybe stunna ( PD owner ) open some shops in more bigger countries ?

people like stunna and those with successful businesses are earning good money from their business online and they would only make that bigger to make more money.

besides if you are so interested you can start one yourself, no one is stopping you apart from regulations and yourself. for the capital you can even take partners or investor.

p.s. i got emotional (well mostly jealous) twice in the last two weeks. and that is when i saw one person buying bitcoin from an ATM in a gas station, and the other time was someone in Switzerland buying bitcoin from a train station ticket machine!

sakinaka

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For me that's a mix of China (you can say that for everything lol Cheesy

) and SegWit. More SegWit I'd say.

davinchi

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Quote from: unknown04 on November 17, 2016, 11:26:52 PM

another reason why bitcoin might increase further.... https://cointelegraph.com/news/bitcoin-on-boulevard-25-shops-in-paris-ready-to-accept-bitcoin-for-payment

if more and more businesses adopt and accept bitcoins, I can't find any reason why it won't increase further....

Actually this made me emotional, I have seen a dream of bitcoins accepted wordwide and such news could be awesome for the dream to come true. Seriously, please can someone here who has big amounts like maybe stunna ( PD owner ) open some shops in more bigger countries ?

Barbut

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All the things OP mentioned are effecting the price, but news that I recently heard about countries buying enormous amounts of bitcoins for possible ransom request seems like very good reason for price increase. In this case demand goes to high to sky, who knows how much bitcoins they are buying everyday.
Also this can be seen from another angle, now we have countries that are holding bitcoins. Is that affecting the price this days, fact that there is big players on the stage right now, and practically its official with this news.

CoinCidental

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Quote from: BTCLovingDude on November 17, 2016, 08:38:13 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?...

Bcoz honey badger don't explain himself to Nobody!
Honey badger do whatever the fuck he feels like! Cool

wuvdoll

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There is no such talk because the price of bitcoins increase in this time of the year, you can see the graphs for last year Wink

.. the price will keep of increasing slowly until it reaches 900$ or 1000$+ and then slowly starts getting low, so easy to make some profit but only in hindsight.

Ayers

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Quote from: BTCLovingDude on November 17, 2016, 08:38:13 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?...

add switzerland bank who begin to accept bitcoin , and christmas which is coming soon, then all this can make other people buy and those people will make many other buy because they see the price increase etc.. and you will have the current pump, it look this way to me and it make sense

maku

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Quote from: ?? on ??

I think it's the terminals, they're making more ways to get Bitcoin from stores lately.

Nah, terminals are very minor local thing. Totally insignificant in the global aspect, they could push price upward when they reach massive numbers.
For now they are more like glorified wall ad banners with Bitcoin symbol - which is still perfectly fine thing.

Hellacopter

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There is indeed many factors which cause the rising of the Bitcoin's price right now. But i think it will continue to rise again in the next few months.

crairezx20

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Quote from: Red-Apple on November 19, 2016, 11:10:30 AM

Quote from: alyssa85 on November 19, 2016, 10:11:17 AM

It is India, because they are swapping out their old notes and some people are trying to put their money into gold and bitcoin instead.

that is also what i think but i don't say it is the only reason for the rise but i say it is one of them. the others are the Trump and China buy ins that is causing this rise.

Quote

Trump isn't an issue - and the Federal reserve is certain to raise interest rates in their December meeting, which will strengthen the dollar. If the dollar goes up, bitcoin will drop, so take a modest amount of profits before the Fed meeting.

nah, that doesn't sound right to me. because first of all with Trump at work i doubt dollar can drop that easily and even if it did you are forgetting the effect of the rest of the world on bitcoin specially effect of China!

I think there is no connect from bitcoin to dollar if trump will work to strengthen the dollar and i think bitcoin will be much more stronger if it will happen..
For now i do not see any news about bitcoin and i think this is just a normal price rise..

Red-Apple

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Quote from: alyssa85 on November 19, 2016, 10:11:17 AM

It is India, because they are swapping out their old notes and some people are trying to put their money into gold and bitcoin instead.

that is also what i think but i don't say it is the only reason for the rise but i say it is one of them. the others are the Trump and China buy ins that is causing this rise.

Quote

Trump isn't an issue - and the Federal reserve is certain to raise interest rates in their December meeting, which will strengthen the dollar. If the dollar goes up, bitcoin will drop, so take a modest amount of profits before the Fed meeting.

nah, that doesn't sound right to me. because first of all with Trump at work i doubt dollar can drop that easily and even if it did you are forgetting the effect of the rest of the world on bitcoin specially effect of China!

Topic: Nobody is talking about the reason for this rise! - page 2. (Read 3567 times)