So is the current upward trend based on anything specific? It doesn't seem that any fundamental disagreements have been resolved. Is this simply people hunting shorts to push it up to then ride shorts down?
(I expected some movement due to alter pump and dumps but was still surprised with this. I expected some ltc movement before btc movement. )
What's driving this up trend and what's the thought as to where we are going? I guess I expected more 380 sideways until 2mb resolved. I'm happy for the increase, it just doesn't seem real and I'm having difficulty believing we are now upward and onward. Like weird btc ptsd lol
Two things:
It's the end of Chinese New year and the banks are open again there.
The Chinese miners sent a group letter to Core pledging that they would not change client software, but would they please give a date for a 2MB hard fork and tell us when they decide in the next three weeks?
The Chinks who are behind the pump seem to think that will force Core's hand because of the implied threat that maybe they won't be so committed without a clear answer. Nobody in China wants to see a contentious hard fork and now they think they have avoided the risk. Core has yet to respond publicly.
I think this is overly optimistic, but what do I know? It seems like celebrating a winning election before the votes are counted, not exactly an unknown occurrence in Bitcoinspace.
