China is buying up lots of Bitcoin and they are going to dump it soon..!!
Point taken, we shall see.
I personally believe they buy as long term investing opportunity, but I might be wrong
Topic: Reason for recent price hike (Read 3044 times)
China is buying up lots of Bitcoin and they are going to dump it soon..!!
Point taken, we shall see.
I personally believe they buy as long term investing opportunity, but I might be wrong
Yesterady someone posted that maybe this UP rising price is due to huge buys of bitcoins from China...
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?
Probably no, but look at BTCChina to draw your own conclusion
China is buying up lots of Bitcoin and they are going to dump it soon..!!
Yesterady someone posted that maybe this UP rising price is due to huge buys of bitcoins from China...
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?
Probably no, but look at BTCChina to draw your own conclusion
Yesterady someone posted that maybe this UP rising price is due to huge buys of bitcoins from China...
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?
It makes sense but is there anyway to confirm the origin of transactions (continent, country..) ?
Chinese group of speculators enrolled in.
And they are going to dump them after they have enough profits
Chinese group of speculators enrolled in.
I'm surprised the price has gone up so much after the whole SR thing, I was expecting it to drop
It's like negative publicity only grows Bitcoin. After the bubble the price went from about 13 USD before the bubble to a minimum of 69 USD after it. But everyone was talking about the bubble in negative terms.
Since SR closed, it have gotten alot attention from the media, that might have given the BTC a little boost too.
have you guys seen the btcchina charts? bubble mania! reason #1 for the current hike.
There are good ammount of money coming in this market and it makes the bitcoin price grows
It's because Avalon is selling new Bitcoin generating machines.
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!
Do you really think that Avalon selling a few hundred BTC worth of miners really affects the value of BTC when the daily trading volume of BTC on exchanges is over 25,000 BTC?
Yes, because most of the volume is miner payments, gambling, speculation and free bitcoin dust.
Avalons are made in China, there is a big demand for them over there, it is a population of 1,400,000,000 (20% Earths Population).
They are offering a money printing machine but only accept payment in the money it prints meaning you gotta buy Bitcoins!
It is at least in part coming from China. But it is also true that good news abounds elsewhere. A lot of upward pressure on price.
I'm surprised the price has gone up so much after the whole SR thing, I was expecting it to drop
Market manipulation....
so it's Baidu?
It's because Avalon is selling new Bitcoin generating machines.
http://avalon-asics.com/
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!
http://avalon-asics.com/
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!
Avalon
They have nothing to do with the recent price hike.
Baidu maybe...but not only....
It's because Avalon is selling new Bitcoin generating machines.
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!
Do you really think that Avalon selling a few hundred BTC worth of miners really affects the value of BTC when the daily trading volume of BTC on exchanges is over 25,000 BTC?
It's because Avalon is selling new Bitcoin generating machines.
http://avalon-asics.com/
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!
http://avalon-asics.com/
They only accept BTC as payment so this increases demand for BTC.
It happens every time Avalon auction kit, the previous $200 BTC was because of this also!
I'm surprised the price has gone up so much after the whole SR thing, I was expecting it to drop
i think some of it has been coming from China looking at btcchina charts over bitstamp and gox...... some leading on bitstamp too though.
But to mine something today, they had to buy expensive hardware, so they are more likely to not sell cheap, thus hold coins now.
If what you say actually happens, it probably doesn't happen very much, and it's effect would be insignificant because the amount of newly mined bitcoins is a small fraction of the entire supply.
Or how about this: the difficulty has gone up by a factor of 100 since ASICs came out and yet the price has gone up by a factor of only about 6. If difficulty has an effect on price, it certainly isn't much.
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