Topic: Why has bitcoin jumped recently? - page 2. (Read 2389 times)
just speculation related with Syria
The price goes up because Bitcoin is amazing. It goes down because people temporarily got too excited about how amazing Bitcoin is.
Good one.
I hope the price will stay at 130 for while, would be really good in terms of stabilization.
Mainstream awareness.
People are going back to school = They need drugs.
nah,
most 'drugies' convert into bitcoin and most dealers convert out of bitcoin. so there is not much impact.
the more impactful things are when people buy into bitcoin and don't sell
I'm selling bitcoins in cash and I can tell you the kids need drugs to handle school.
The price goes up because Bitcoin is amazing. It goes down because people temporarily got too excited about how amazing Bitcoin is.
because bitcoin goes up, then down, then up, then down, then up ..... spot the pattern? Nobody said markets were logical.
i would say there is no one single event causing this one, but here are some idea's
1) the standard summer slump for retail stocks, so investors are looking for something to play with before moving it back to retail stocks ready for christmas period.
2) US EU and UK governments acknowledging bitcoins existence
3) mining difficulty rise, causing an initial drop in BTC compared income. thus a push on raising the exchange rate to ensure miners keep to a maintained lifestyle
4) more bitcoin related conferences, meetups, buttonwood style exchanges happening this year, compared to previous years
5) least likely, but it adds to the cauldron of reasons.. more wars declared causing people to question money spending by government and looking for alternatives
1) the standard summer slump for retail stocks, so investors are looking for something to play with before moving it back to retail stocks ready for christmas period.
2) US EU and UK governments acknowledging bitcoins existence
3) mining difficulty rise, causing an initial drop in BTC compared income. thus a push on raising the exchange rate to ensure miners keep to a maintained lifestyle
4) more bitcoin related conferences, meetups, buttonwood style exchanges happening this year, compared to previous years
5) least likely, but it adds to the cauldron of reasons.. more wars declared causing people to question money spending by government and looking for alternatives
Nice ideas.
People are going back to school = They need drugs.
Oh, no... 
People are going back to school = They need drugs.
nah,
most 'drugies' convert into bitcoin and most dealers convert out of bitcoin. so there is not much impact.
the more impactful things are when people buy into bitcoin and don't sell
People are going back to school = They need drugs.
i would say there is no one single event causing this one, but here are some idea's
1) the standard summer slump for retail stocks, so investors are looking for something to play with before moving it back to retail stocks ready for christmas period.
2) US EU and UK governments acknowledging bitcoins existence
3) mining difficulty rise, causing an initial drop in BTC compared income. thus a push on raising the exchange rate to ensure miners keep to a maintained lifestyle
4) more bitcoin related conferences, meetups, buttonwood style exchanges happening this year, compared to previous years
5) least likely, but it adds to the cauldron of reasons.. more wars declared causing people to question money spending by government and looking for alternatives
1) the standard summer slump for retail stocks, so investors are looking for something to play with before moving it back to retail stocks ready for christmas period.
2) US EU and UK governments acknowledging bitcoins existence
3) mining difficulty rise, causing an initial drop in BTC compared income. thus a push on raising the exchange rate to ensure miners keep to a maintained lifestyle
4) more bitcoin related conferences, meetups, buttonwood style exchanges happening this year, compared to previous years
5) least likely, but it adds to the cauldron of reasons.. more wars declared causing people to question money spending by government and looking for alternatives
Any pointers to informative threads ?
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