Uh - oh Bitcoin going up. Is it Venezuela?

BellaBitBit

hero member

Activity: 756

Merit: 500

Quote from: European Central Bank on February 14, 2016, 12:22:11 PM

Does anyone care about this other than Venezuelans? I can see why Greece was a big deal in the minds of many here but even then it didn't really have much effect on bitcoin. I don't see why this would.

yes, I think of Greece and think 'Nothing to See Here People, move along'. Don't think it is Greece, not sure about this rise.

richardsNY

legendary

Activity: 1232

Merit: 1091

Lol. The price went up a few bucks and people directly start with speculating where this "rise" came from. It's nothing special. The market has been moving up and down for more than a year. Some times it has a reason, but this time it's a normal market reaction. Nothing to be excited about.

ThunderThomas

full member

Activity: 210

Merit: 100

fastdice.com The Worlds Fastest Bitcoin Dice

Quote from: TKeenan on February 14, 2016, 12:07:00 PM

The very new run up could be caused by the imminent collapse in Venezuela. Could go to $500 by end of the week.

Let's hope it. But honestly, don't count on it.
There are many factors which influence the price, and the whales are the main reason.

elloco4ever

sr. member

Activity: 623

Merit: 262

Quote from: watashi-kokoto on February 14, 2016, 12:44:46 PM

can we move this to price speculation?

Let's speculate here itself and what do you think will be Bitcoin's price by the end of this month ? As far as my knowledge I think it will be around $400

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: European Central Bank on February 14, 2016, 12:43:24 PM

Quote from: BitcoinNewsMagazine on February 14, 2016, 12:28:00 PM

The probability of a hard fork to Classic is down, more likely the reason.

Was that ever considered a realistic possibility? I'm guessing it's more to down to general lack of confidence, not it being a real prospect.

Yes indeed. Worrying enough to major players to make trips to China to encourage miners to stay with Core. Right now it seems more probable that miners will stay with the Core roadmap. However if there are delays it would be simple for mining pools to switch to Classic should they decide they want a hard fork.

If you look at bitcoin price over the past 7 months price trends down when there are many news articles about an impending hard fork. When miners publicly state they will stay with Core price trends back up. Bitcoin Magazine (no connection) published an article yesterday that was an open letter signed by mining pools stating they would not switch to Classic and bitcoin price is now over $400.

watashi-kokoto

sr. member

Activity: 687

Merit: 269

I believe it's just overflow from Ethereum dump

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Amph on February 14, 2016, 01:18:59 PM

do we really need a good news for bitcoin, to actually have a genuine pump?

i think we are not going to reach adoption, by riding good news(which are bad news for fiat money) each time we need to increase the value

Good news for bitcoin is not required, but it sure helps. A lack of bad BTC news combined with other fundamentals could fuel a sustained rally.
Nice to be back over $400 again.

Junko

legendary

Activity: 1512

Merit: 1000

I was in Venezuela last year on a stopover and let me tell you, most Venezuelan's don't have any money to begin with. How are they going to convert what they don't even have to bitcoin?

Amph

legendary

Activity: 3248

Merit: 1070

do we really need a good news for bitcoin, to actually have a genuine pump?

i think we are not going to reach adoption, by riding good news(which are bad news for fiat money) each time we need to increase the value

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

Quote from: Laosai on February 14, 2016, 12:43:08 PM

Quote from: amacar2 on February 14, 2016, 12:41:37 PM

Quote from: BitcoinNewsMagazine on February 14, 2016, 12:28:00 PM

The probability of a hard fork to Classic is down, more likely the reason.

Can you explain this one? Huh

I am also feeling afraid about this recent debate about blocksize and wallet to be used.

Well the major actors of btc said they didn't want to make any hard fork. Which means it won't have consequences on your coins or your wallet. Which means everyone is cool now ^^

wow it feel sooo releifed now. Thanks for clearing my doubt friend So there will be no two types of bitcoin anymore? Huh

Raimonn

legendary

Activity: 1470

Merit: 1001

Quote from: TKeenan on February 14, 2016, 12:07:00 PM

The very new run up could be caused by the imminent collapse in Venezuela. Could go to $500 by end of the week.

Venezuela have a lot of economical problems, and don't allow move your money to other countries. But you can see that other countries have problems the list is very large: Venezuela, Argentina, Greece, Spain, Italy, China, Rusia ... and now the deustche bank is having problems ... All this facts can help bitcoin to increase its interest.

watashi-kokoto

sr. member

Activity: 687

Merit: 269

can we move this to price speculation?

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: BitcoinNewsMagazine on February 14, 2016, 12:28:00 PM

The probability of a hard fork to Classic is down, more likely the reason.

Was that ever considered a realistic possibility? I'm guessing it's more to down to general lack of confidence, not it being a real prospect.

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: amacar2 on February 14, 2016, 12:41:37 PM

Quote from: BitcoinNewsMagazine on February 14, 2016, 12:28:00 PM

The probability of a hard fork to Classic is down, more likely the reason.

Can you explain this one? Huh

I am also feeling afraid about this recent debate about blocksize and wallet to be used.

Well the major actors of btc said they didn't want to make any hard fork. Which means it won't have consequences on your coins or your wallet. Which means everyone is cool now ^^

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: Jet Cash on February 14, 2016, 12:25:41 PM

They don't seem to have any electricity, so internet connections must be limited.

Dude, please Venezuela isn't so old and poor for it to have no electricity xD

But yeah it's unlikely to be correlated. At least me I don't see why it would.

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

Quote from: BitcoinNewsMagazine on February 14, 2016, 12:28:00 PM

The probability of a hard fork to Classic is down, more likely the reason.

Can you explain this one? Huh

I am also feeling afraid about this recent debate about blocksize and wallet to be used.

Is there any source which indicate this pump is from venezuela? Roll Eyes

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

The probability of a hard fork to Classic is down, more likely the reason.

Jet Cash

legendary

Activity: 2814

Merit: 2472

https://JetCash.com

They don't seem to have any electricity, so internet connections must be limited.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Does anyone care about this other than Venezuelans? I can see why Greece was a big deal in the minds of many here but even then it didn't really have much effect on bitcoin. I don't see why this would.

TKeenan

hero member

Activity: 874

Merit: 1000

The very new run up could be caused by the imminent collapse in Venezuela. Could go to $500 by end of the week.

Topic: Uh - oh Bitcoin going up. Is it Venezuela? (Read 845 times)