Author

Topic: What started the recent price rise in BTC? (Read 1170 times)

legendary
Activity: 2156
Merit: 1070
December 06, 2013, 07:05:11 PM
#16
What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range?

Money launderers and algo traders who were attracted to btcchina because it offered zero trade fees and didn't require ID verification.

False. This guy is one tone. Boring. Go home. Quit playing. Leave the game. You s*ck.
legendary
Activity: 2156
Merit: 1070
December 06, 2013, 07:04:24 PM
#15
Some really answers in this thread. The price rise from the $120s started with real money coming from places like Second Market. It grew from there to $200. Bitstamp led the uptrend from $200 while China lagged.

It wasn't until a few days later that China caught fire.

But this rally was not and IS not all about China.

Fools repeat fools. 

Look deeper and you will see.
hero member
Activity: 686
Merit: 500
Ultranode
December 06, 2013, 07:01:35 PM
#14
What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range?

Money launderers and algo traders who were attracted to btcchina because it offered zero trade fees and didn't require ID verification.
sr. member
Activity: 364
Merit: 253
December 06, 2013, 06:45:05 PM
#13
Bitcoin being more scarce and difficult to mine. Lesser and lesser coins go to small time miners.
full member
Activity: 280
Merit: 102
December 06, 2013, 06:41:59 PM
#12
More buyers than sellers.
sr. member
Activity: 532
Merit: 261
­バカ
December 06, 2013, 06:41:51 PM
#11
Combo of US regulators taking a positive stance on Bitcoin and at the same time the Chinese going nuts into it.
you mean the US senate hearings? the price was already at 900 (iirc) when that happened, and also it was just a hearing... only useful for speculation

the whole price rise started with china panic buying, right after the baidu branch thing
sr. member
Activity: 516
Merit: 283
December 06, 2013, 06:40:41 PM
#10
i had a boner, and bitcoin thought "the trend is my friend"...

recently i've gone a little soft.
sr. member
Activity: 476
Merit: 250
December 06, 2013, 06:27:00 PM
#9
It was china. With chinese exchanges even hitting 1000$ way before anyone else did and news like baidu accepting bitcoins flawing all over the place. And that explains the recent drop. China drives the price both ways.
hero member
Activity: 714
Merit: 510
December 06, 2013, 06:21:25 PM
#8
What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range?

Institutional investors. It all started with the creation and launch of the Bitcoin Investment Trust in September.
full member
Activity: 196
Merit: 100
December 06, 2013, 06:17:17 PM
#7
The Norweigan guy finding out he had $880k. That was pretty much the beginning of the rally. Everything else was just fuel on the fire.
newbie
Activity: 15
Merit: 0
December 06, 2013, 06:15:20 PM
#6
China China China
legendary
Activity: 1652
Merit: 1265
December 06, 2013, 04:56:32 PM
#5
Marketing Smiley
sr. member
Activity: 406
Merit: 250
December 06, 2013, 04:53:33 PM
#4
ok. I thought that it was the announcement that Baidu was accepting BTC's.
full member
Activity: 140
Merit: 100
Mining FTW
December 06, 2013, 04:49:21 PM
#3
Combo of US regulators taking a positive stance on Bitcoin and at the same time the Chinese going nuts into it.
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
December 06, 2013, 04:37:28 PM
#2
What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range?
Many believe it was the Chinese adoption of bitcoin and the Chinese trying to Artifically boost the value to 8888Yuan, (eight is a lucky number)
sr. member
Activity: 406
Merit: 250
December 06, 2013, 04:33:35 PM
#1
What exactly started the recent run-up in BTC prices from about the $100-$200 price range all the way into the $1000 price range?
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