The distance between the past few tops has been very similar. The current run is in time to meet the same timeframe as the peaks befor eit.
Late July, Early August.
Topic: What is the real reason? (Read 1789 times)
I'm also expecting a rally on some of the old alt coins, but it seems darkcoin is also pressing down their price.
It is matter of time when a huge hack will happen to one of the major exchanges! So people will get scared again. This can be a reason for price going down again. We will see..
BR
BR
What do you mean Hack? I don't think gox was hacked? It's the owners fault. I don't know the exact reason but people were scared at the recent time because of huge price fall but now when It went up like $30+ people started buying more bitcoins only because of price rise with intention that They'll make even more money because It started sky rocketing up and It did, now $200 Up. So It's like chain reaction price starts going up and more people buys bitcoins and the price keeps going up.
maybe the price going way up because Macau casinos have been given a July 1 deadline to get rid of their illegal UnionPay debit-card mobile swiping devices.
It is matter of time when a huge hack will happen to one of the major exchanges! So people will get scared again. This can be a reason for price going down again. We will see..
BR
BR
I think it is only a price manipulation and a pump by speculators and btc traders. the only real price hyke can be caused by consumer adoption but I don't think that's the reason in this case.
Confidence is returning thanks to some high profile sites/businesses picking bitcoin up in the last few months and also the prediction charts demanded a rise around now 
China isn't out of the picture. Its trading volume is still more than 50% of all trading volume in the world: http://www.bitcoinity.org/markets/list?currency=ALL&span=24h
If the price keeps going up, we'll see what the chinese government decides to do.
If the price keeps going up, we'll see what the chinese government decides to do.
Yes , with banning it they only made it more popular and something every chinnese wanna have, i think that if this rise continues, ltc will skyrocket too
LTC is due for a little rally. It has sat pretty stagnant over the past week in comparison to the BTC price surge. Typically BTC prices pull up LTC almost proportionately...but it hasn't been that way this week
Some whales are pumping.
After the ban on bitcoin related banking accounts, I don't know how the Chinese are pumping fiat into the exchanges to support the rising price, especially now that leverage ended.
I guess since the price was much higher before that it's fiat still in the exchanges.
I guess since the price was much higher before that it's fiat still in the exchanges.
Big names have been adopting Bitcoin transactions due to coinbase such as Overstock and recently Dish Network
Giving Bitcoin to students at MIT definitely helps as well + Budweiser
Giving Bitcoin to students at MIT definitely helps as well + Budweiser
That is part of it. There has been a lot of positive news surrounding bitcoin lately. More venture capital input. There is talk of Amazon using a payment service that incorporates bitcoin. There are major news articles with financial analysts suggesting bitcoin will be trading in the $2000-$5000 range by the end of 2014. And people are overcoming their FUD realizing that bitcoin is a good investment.
China isn't out of the picture. Its trading volume is still more than 50% of all trading volume in the world: http://www.bitcoinity.org/markets/list?currency=ALL&span=24h
If the price keeps going up, we'll see what the chinese government decides to do.
If the price keeps going up, we'll see what the chinese government decides to do.
Yes , with banning it they only made it more popular and something every chinnese wanna have, i think that if this rise continues, ltc will skyrocket too
China isn't out of the picture. Its trading volume is still more than 50% of all trading volume in the world: http://www.bitcoinity.org/markets/list?currency=ALL&span=24h
If the price keeps going up, we'll see what the chinese government decides to do.
If the price keeps going up, we'll see what the chinese government decides to do.
A limited supply.
There has NEVER been something with a limited supply, ever.
There has NEVER been something with a limited supply, ever.
That is the exciting thing. This is an entirely new thing in the world and we really have no way to predict how far it will go.
A limited supply.
There has NEVER been something with a limited supply, ever.
There has NEVER been something with a limited supply, ever.
Surely the only reason ever is simple supply and demand. There's no other explanation for it really. Nice to see the price creeping up lately.
the price isn't going up, just returning to a non-dumped value
$400 btc was a joke big investors won't let the price fall too much
$400 btc was a joke big investors won't let the price fall too much
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Big names have been adopting Bitcoin transactions due to coinbase such as Overstock and recently Dish Network
Giving Bitcoin to students at MIT definitely helps as well + Budweiser
Giving Bitcoin to students at MIT definitely helps as well + Budweiser
With the word spreading everyday more and more, the adoption between big companies like Overstock and Dish,
bitcoin was becoming undervalued and therefore now we are seeing a break of the downtrend of the last months
and maybe the start of a new future bubble.
bitcoin was becoming undervalued and therefore now we are seeing a break of the downtrend of the last months
and maybe the start of a new future bubble.
We were getting bad news one after another a few months ago. A lot of weak hearted got spooked and sold a bit too much, now they decided to buy back when uncertainty cleared. Hope the trend continues.
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