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Topic: Whats causing the sudden fast price rise? - page 2. (Read 4034 times)

sr. member
Activity: 280
Merit: 250
November 13, 2014, 12:20:04 AM
#9
Why does regulatory stances in Ukraine and Russia cause China to buy? Please explain...

My guess is that bitcoin had a lot of attention from the media this year and tons of people felt uncomfortable to get in at these high rate. Now that the bear market is over, all the people who waited before buying during the last months are rushing in a the same time.
Disagree 100%.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
November 13, 2014, 12:19:25 AM
#8
My guess is that bitcoin had a lot of attention from the media this year and tons of people felt uncomfortable to get in at these high rate. Now that the bear market is over, all the people who waited before buying during the last months are rushing in a the same time.
sr. member
Activity: 280
Merit: 250
November 13, 2014, 12:18:18 AM
#6
Something in the Chinese markets, not sure I've read anything meaningful about it. They're the market leaders in either direction. Have been since the last massive rally. Right now, they're buying. When they stop, we'll be back down to $300s.
full member
Activity: 238
Merit: 100
November 13, 2014, 12:18:09 AM
#5
Bot on OKCoin and everybody just followed along. It's entirely irrational... but can't short into this type of volatility. It's nuts.
hero member
Activity: 700
Merit: 500
November 13, 2014, 12:18:05 AM
#4
Everyone who was waiting for this on the sidelines are now stepping in before everything explodes in total chaos Cheesy
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
November 13, 2014, 12:17:43 AM
#3
more people are buying than selling  Wink
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
November 13, 2014, 12:15:34 AM
#2
The best explanation I can come up with, is since everyone has been expecting the price to rise it is finally coming to fruition.
legendary
Activity: 1596
Merit: 1021
November 13, 2014, 12:11:05 AM
#1
I mean i'm loving that the fiat conversion represents action for bitcoin but its making me nervous as since getting into BTC 40 days ago its never been this fast... usually hovers up and down slowly clawing up but i just about fell out of my bed this morning when i stopped the iphone alarm checked the winkdex said is that right ... checked btcmarkets.net (aussie exchange) and went ok $70 change. And its still going up.

I don't want it to stop but i'm wondering whats causing the sudden boost? I'm not that knowledgable in all things world wide on bitcoin so anyone have any sources that indicate the sudden change reasons?
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