What do you guys think is at the heart of this rise?
With the upcoming hard fork of November is it whales pumping it before taking huge profits and causing the biggest crash we've seen in Bitcoin so far?
Or is it new people investing in Bitcoin while having no idea of the upcoming hard fork?
With the upcoming hard fork of November is it whales pumping it before taking huge profits and causing the biggest crash we've seen in Bitcoin so far?
Or is it new people investing in Bitcoin while having no idea of the upcoming hard fork?
This may be tied more to other currencies than bitcoin right now.
You may also notice gold spiked today as well. The reason for this is that gold, and increasingly bitcoin is being used as a safe haven asset. We have China shooting missiles at NK while NK and the US continue this very high stakes game of nuclear chicken. That uncertainty is driving a lot of this. Doesn't help that we are still enthusiastic post the August 1/BCC madness. On the one hand, it's good to see bitcoin have enough trust for folks to put it up there with gold. On the other hand, and this is always a deal, these inexperienced investors make every dip and pop that much more exaggerated.
