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Topic: what is The reason behind new bubble in bitcoin price? - page 2. (Read 1337 times)

hero member
Activity: 798
Merit: 1000
Move On !!!!!!
I was reading somewhere that russia is going to ban cryptocurrency and people are predicting latest paris attack involves bitcoin transactions. All this thing should have lower the price but we are seeing steady rising curve on price.

What can be the reason of this?

Yes, but those are two negative news in the sea of positive news that have happened lately! Also, the news about the terrorists is a complete BS if you are asking me, nothing to worry about this one.

Even the news reporter that has written these accusations has admitted later that he was wrong.
legendary
Activity: 2170
Merit: 1427
People simply don't care anymore about the shitty anti Bitcoin campaign from the media. I am happy to see that at this point people have become less impacted by news, be it good or bad news.

I think the current price is just mirroring the good sentiment at this point. All the shitty anti Bitcoin articles have had zero impact lately. Good job!
legendary
Activity: 1442
Merit: 1016
I was reading somewhere that russia is going to ban cryptocurrency and people are predicting latest paris attack involves bitcoin transactions. All this thing should have lower the price but we are seeing steady rising curve on price.

What can be the reason of this?

Publishing and spreading FUD doesn't mean that it will always work out! Wink
There are no specific reasons for the rise.At least this is my opinion.
Right now it's just more buyers than sellers.Typical market behaviour.
legendary
Activity: 1512
Merit: 1000
I was reading somewhere that russia is going to ban cryptocurrency and people are predicting latest paris attack involves bitcoin transactions. All this thing should have lower the price but we are seeing steady rising curve on price.

What can be the reason of this?

Well if something allegedly going to be banned sometimes in the future that used to have little effect on the current actual price. In addition if they ban it then what? Russians are quite clever people and they have a long history of doing business with banned goods and services, so I guess they not going to be very desperate because of this new ban in a long row Smiley.
BTC involvement in the Paris attack was clearly a bullshit. I guess someone in the EP was shorting BTC Smiley. BTW if BTC was involved that's not a big issue, probably much more Euros in cash was also involved, but I don't hear any moaning about banning Euros or cash payments.

As most BTC users are used to be intelligent, informed and sceptic about govt BS, I'm not surprised because of the little effect of these two news.
hero member
Activity: 1106
Merit: 521
I was reading somewhere that russia is going to ban cryptocurrency and people are predicting latest paris attack involves bitcoin transactions. All this thing should have lower the price but we are seeing steady rising curve on price.

What can be the reason of this?

 About 80-90% of all the amount of bitcoin in circulation is used in Dark Web. So for the bought of illegal things. That mean that the price of it will go (or must be) 10 us dollar one bitcoin?


Have you a reference for this statement? (About 80-90% of all the amount of bitcoin in circulation is used in Dark Web) 

Cash is used for the "bought of illegal things" also.  and were do you get the $10 price tag from.  cant wait for that to happen so i can BUY BUY BUY....
legendary
Activity: 1134
Merit: 1000
I was reading somewhere that russia is going to ban cryptocurrency and people are predicting latest paris attack involves bitcoin transactions. All this thing should have lower the price but we are seeing steady rising curve on price.

What can be the reason of this?

You are giving to bitcoin something that it have not yet. The power to reflect various world happenings very different between those and with to much spread. But even happen in much different times between those. To remember even the fact that bitcoin has not ethics or something like that which can affect its price.

Russia has banned bitcoin time ago. Cannot be pretended that that decision made time ago affect bitcoin this month. Then to not forget that in Russia flourishes the bitcoin black market which circulate big amounts of bitcoin. Then the attack of Paris is something that has nothing to do with the price of bitcoin even if can be true that is used bitcoin for something (any kind of thing) involved on it. About 80-90% of all the amount of bitcoin in circulation is used in Dark Web. So for the bought of illegal things. That mean that the price of it will go (or must be) 10 us dollar one bitcoin?

Anyone who want that it must or can be used as more as it can be possible tell that bitcoin need cleaning. This process can be helped from its regulation and legalization. Only after this cleaning bitcoin can begin the reflection of such kind of happenings. In the time when those happen, if are important and not isolated or lateral events regarding it (such is the case of Paris) and just in time, not after months or weeks.
legendary
Activity: 3248
Merit: 1070
return to the last peak of the previous pump? remember that we touched almost 500, so 360 does not feel that great at the moment

also the paris attack involving bitcoin, was kind a fake news, there is no real way to prove that they were using bitcoin
legendary
Activity: 1120
Merit: 1008
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I was reading somewhere that russia is going to ban cryptocurrency and people are predicting latest paris attack involves bitcoin transactions. All this thing should have lower the price but we are seeing steady rising curve on price.

What can be the reason of this?
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