This is why Bitcoin is rising so fast...

scarsbergholden

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Quote from: ChrisML on May 30, 2014, 11:30:48 PM

Quote from: TERA on May 30, 2014, 09:59:45 PM

Dont get emotional over hot newses. Bitcoin fundamentals are always improving and adoption is always growing at an exponential rate ever since it was incepted. Yet it always follows the same trend of taking roughly the same period to recover as it spent declining. I don't know what makes you think that this particular set of news is special and going to change the trend so abnormally that $1000 would be reached within weeks. That is impossible. If $1000 is reached, expect to see it in 2 months at the very least.

What you gonna do when it reaches $1000 within 6 weeks?

Leave the forums? Yes? yes?!

$1000 within 6 weeks? That's pretty bold. Doesn't look to me like we'll get past $800, hell, we could have topped already. You think it's just a straight shot to $1000? What resistance levels are you looking at in between?

ChrisML

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Quote from: TERA on May 30, 2014, 09:59:45 PM

Dont get emotional over hot newses. Bitcoin fundamentals are always improving and adoption is always growing at an exponential rate ever since it was incepted. Yet it always follows the same trend of taking roughly the same period to recover as it spent declining. I don't know what makes you think that this particular set of news is special and going to change the trend so abnormally that $1000 would be reached within weeks. That is impossible. If $1000 is reached, expect to see it in 2 months at the very least.

What you gonna do when it reaches $1000 within 6 weeks?

Leave the forums? Yes? yes?!

TERA

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Dont get emotional over hot newses. Bitcoin fundamentals are always improving and adoption is always growing at an exponential rate ever since it was incepted. Yet it always follows the same trend of taking roughly the same period to recover as it spent declining. I don't know what makes you think that this particular set of news is special and going to change the trend so abnormally that $1000 would be reached within weeks. That is impossible. If $1000 is reached, expect to see it in 2 months at the very least.

jdun

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Merit: 10

Quote from: Dimrain13 on May 25, 2014, 01:21:32 PM

Simple answer look at the ALT coins. They just got ASICs and they are trading them in for BTC at a higher volume. Plus news for BTC keeps going around with paypal. Looks like it will be taking a large Turn upward for the next few months... I look forward to it. Think of it like that. Alsothe block chain split will drive it up double what ever we get to this September (hoping 5k we will see)

I can't connect the dots. I don't see how selling altcoins for bitcoin would cause the BTC/USD price to rise. If anything I would think it would lower the price, because half the people selling their altcoins for bitcoin are further selling their bitcoins for fiat. While it is true altcoins have seemed to have taken a dip lately, I expect that dip to turn around when people get bored with their bitcoin investments. Altcoins will be on the rise in the near future.

redwhite037

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Quote from: Dimrain13 on May 25, 2014, 01:21:32 PM

Simple answer look at the ALT coins. They just got ASICs and they are trading them in for BTC at a higher volume. Plus news for BTC keeps going around with paypal. Looks like it will be taking a large Turn upward for the next few months... I look forward to it. Think of it like that. Alsothe block chain split will drive it up double what ever we get to this September (hoping 5k we will see)

scrypt ASICs have been out for months, this definitely isn't the reason. The sun is out and that helps people to overcome their fears and doubts.

DolanDuck

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Quote from: m3 on May 25, 2014, 05:32:20 AM

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Maybe in two months we will break through the 1000$ wall.
I think the rally isn't started yet but the downtrend is stopped.

segeln

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Quote from: RandomPedestrianN9 on May 27, 2014, 09:16:35 AM

MatTheCat is one of the few people here who are sane.

I think this was a misyping : insane, not sane

RandomPedestrianN9

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MatTheCat is one of the few people here who are sane. So many bagholding butthurts.

m3

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Bot Billy will take us to tha mooon to over 9,000

igorr

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Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

If willy bot says, price go to $1000, it will happen.
Bot willy controls all

El Cabron

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Quote from: ?? on ??

Quote from: El Cabron on May 25, 2014, 04:16:45 PM

Quote from: frienemy on May 25, 2014, 03:10:03 PM

Quote from: El Cabron on May 25, 2014, 02:31:24 PM

Quote from: Wandererfromthenorth on May 25, 2014, 02:21:06 PM

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that the are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

i have been away, what is going on at bitstamp?

To put it in a nutshell:

Some Reddit guy posted that he has to answer detailed questions on Stamp so that he can withdraw funds, therefore Stamp MUST be Gox.

interesting, was the guy in the usa?
is there a link?

Here: http://www.reddit.com/r/Bitcoin/comments/26apno/bitstamp_will_not_process_withdrawal_unless_you/

El Cabron

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Quote from: smoothie on May 25, 2014, 03:12:34 PM

Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Easily will break $1000 by end of July 2014.

El Cabron

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Activity: 840

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Quote from: frienemy on May 25, 2014, 03:10:03 PM

Quote from: El Cabron on May 25, 2014, 02:31:24 PM

Quote from: Wandererfromthenorth on May 25, 2014, 02:21:06 PM

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that the are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

i have been away, what is going on at bitstamp?

To put it in a nutshell:

Some Reddit guy posted that he has to answer detailed questions on Stamp so that he can withdraw funds, therefore Stamp MUST be Gox.

is there a link?

smoothie

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Activity: 2492

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LEALANA Bitcoin Grim Reaper

Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Easily will break $1000 by end of July 2014.

frienemy

full member

Activity: 235

Merit: 100

I was promised da moon

Quote from: El Cabron on May 25, 2014, 02:31:24 PM

Quote from: Wandererfromthenorth on May 25, 2014, 02:21:06 PM

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that the are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

i have been away, what is going on at bitstamp?

To put it in a nutshell:

Some Reddit guy posted that he has to answer detailed questions on Stamp so that he can withdraw funds, therefore Stamp MUST be Gox.

El Cabron

vip

Activity: 840

Merit: 1000

Quote from: Wandererfromthenorth on May 25, 2014, 02:21:06 PM

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that the are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

i have been away, what is going on at bitstamp?

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Enough already with this Bitstamp FUD.
The situation at MtGox was completely different, with MtgGox there were withdrawals problems, meaning that withdrawals were being ridicoulously delayed or not processed at all.

What is happening at Bitstamp is just that they are requesting a lot of info to avoid money laundering issues (which is very understandable, even if i agree that the measures are excessive...). The withdrawals after having sent the info actually WORK.

When we will have withdrawal issues we wil talk about it. now it's FUD.

exocytosis

sr. member

Activity: 476

Merit: 250

From Reddit:

Quote

It depends on what people are doing. In this case it may be that people who have been day-trading on BitStamp have decided to move their money out, and the easiest way is to convert any fiat they have on BitStamp into BTC and withdraw those, rather than waiting days for the international banking system to maybe give them most of their fiat back by bank transfer. This would push the value of BTC on BitStamp upwards, and other exchanges would follow on the assumption that the rise is real.

Quote

Remember what happened with mtgox when they stopped/limited fiat withdrawals (which is what stamp is doing now)? People buy coins because they can still move those out -> price goes up.

http://www.reddit.com/r/Bitcoin/comments/26fdkz/whos_watching_the_fireworks_with_me_the_bitstamp/

T.Stuart

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One Token to Move Anything Anywhere

Quote from: fonzie on May 25, 2014, 11:10:02 AM

How about this?

http://willyreport.wordpress.com/

Did you put that together Fonz? If so I'm impressed!

Dimrain13

member

Activity: 61

Merit: 10

Simple answer look at the ALT coins. They just got ASICs and they are trading them in for BTC at a higher volume. Plus news for BTC keeps going around with paypal. Looks like it will be taking a large Turn upward for the next few months... I look forward to it. Think of it like that. Alsothe block chain split will drive it up double what ever we get to this September (hoping 5k we will see)

Topic: This is why Bitcoin is rising so fast... (Read 3970 times)