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Topic: Who or what is behind the recent price increase? - page 2. (Read 3292 times)

hero member
Activity: 518
Merit: 500
Since Iran has sanctions on them, bitcoin is the only other method to conduct business.

How exactly would that work? Say I am an executive of a factory in Iran weaving fancy carpets that I can't sell in the US or Germany due to trade sanctions. How exactly would Bitcoin help?

Another example - I'm an executive of Iranian Airlines, and western companies are banned from selling me repair parts. How would Bitcoin help me with the maintenance of the fleet?

I know this is the "speculation" board, but we should speculate based on reason and facts.

Weave carpet. Sell for bitcoins. Send carpet to buyer.

Send bitcoins to associate in country with airplane making parts, EG Germany. Associate transfers funds from bitcoins to Euros, buys parts. Associate transports parts to you.

There are lots of ways which bitcoins can be used to move capital around, you just have to be creative.
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Since Iran has sanctions on them, bitcoin is the only other method to conduct business.

How exactly would that work? Say I am an executive of a factory in Iran weaving fancy carpets that I can't sell in the US or Germany due to trade sanctions. How exactly would Bitcoin help?

Another example - I'm an executive of Iranian Airlines, and western companies are banned from selling me repair parts. How would Bitcoin help me with the maintenance of the fleet?

I know this is the "speculation" board, but we should speculate based on reason and facts.
hero member
Activity: 887
Merit: 1000
Since Iran has sanctions on them, bitcoin is the only other method to conduct business.
hero member
Activity: 840
Merit: 1000
  • Healthy widening of the user base
  • Pirate and other HYIP injecting fiat in
  • Increased hoarding of mined coins due to positive outlook
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Add an option: Media coverage due to Bitcoinica debacle.

Done. You may recast your votes!
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
hero member
Activity: 518
Merit: 500
"Healthy widening of the user base"

For those who voted that: Is that your mother, aunts and other relatives buying bitcoin and leaving them on a blockchain.info wallet?
How that is that working out for you?

How's the graph of declining nodes explain appreciation of Bitcoin we're seeing past couple months?

It is becoming less and less imperative that you run a node to use bitcoin, since services are popping up which run bitocin for you.
legendary
Activity: 1050
Merit: 1000
"Healthy widening of the user base"

For those who voted that: Is that your mother, aunts and other relatives buying bitcoin and leaving them on a blockchain.info wallet?
How that is that working out for you?

How's the graph of declining nodes explain appreciation of Bitcoin we're seeing past couple months?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
"Healthy widening of the user base"

For those who voted that: Is that your mother, aunts and other relatives buying bitcoin and leaving them on a blockchain.info wallet?
How that is that working out for you?
hero member
Activity: 518
Merit: 500
How about an option "It has been undervalued since last June, the price is finally going back to where it should be"?
full member
Activity: 215
Merit: 100
small group of people with money who want to buy bitcoin without outrageous price increase.
legendary
Activity: 1246
Merit: 1077
Add an option: Media coverage due to Bitcoinica debacle.
legendary
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
This buying seems to be constant and not reckless, it does not look to be driven by "irrational exuberance".
Just give it some more time Wink
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
This buying seems to be constant and not reckless, it does not look to be driven by "irrational exuberance".
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Speculate!
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