This tweet:
https://twitter.com/BitPools/status/455557176166469632
Topic: What caused this sudden ~10% increase in Bitcoin Price? - page 3. (Read 4802 times)
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Probably people buying coins for 10% more than what they were a few hours ago 
. Supply and demand.
. Supply and demand. 
the revelation that china is not shutting shop. (due to PBOC announcement)
the revelation that chinese business is expanding not exiting.
the revelation that all the dumpers are fud fearing sheeple and that the panic was meaningless.
the revelation that 2 chinese exchanges expansions are ATM's which means people are going to buy bitcoins locally in stores (where the ATM is eating the sell wall to fill purchases causing prices to go up due to demand)
you choose which
the revelation that chinese business is expanding not exiting.
the revelation that all the dumpers are fud fearing sheeple and that the panic was meaningless.
the revelation that 2 chinese exchanges expansions are ATM's which means people are going to buy bitcoins locally in stores (where the ATM is eating the sell wall to fill purchases causing prices to go up due to demand)
you choose which
BTC ecosystem should stop relying on China for its pumps and dumps. We have seen where this led us in the past.
okcoin, a big platform in China made some way to avoid bank account band by govenment.
Physchology.
I wouldn't attribute the random minor short term volatility of Bitcoin to any major world event - IMO it's just speculation and rallying much like the stock market. Nothing much but some hope and expectation really.
I wouldn't attribute the random minor short term volatility of Bitcoin to any major world event - IMO it's just speculation and rallying much like the stock market. Nothing much but some hope and expectation really.
may be kimdotcom tweet :p
Aliens ...
No, seriously, it could be big Players influencing the Price on purpose or some new Business that wanna start using BTC but isn't going public about that idea, yet, etc.
You can not always find an answer in the News.
No, seriously, it could be big Players influencing the Price on purpose or some new Business that wanna start using BTC but isn't going public about that idea, yet, etc.
You can not always find an answer in the News.
Today (April 14, 2014) around 4:00 AM UTC, the Bitcoin price increased by approximately 10% from around $401 to $440. Furthermore, there was an enormous increase in trading volume during this upsurge.
I've searched for any news stories that might have caused this, but could not find anything specific.
So what caused this?
I've searched for any news stories that might have caused this, but could not find anything specific.
So what caused this?
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