see our short analysis here:
http://www.bit-sky.com/index.php/english/429-20140304-14-10-trend-analysis-of-democurrency
Topic: Why is the price rising so fast today. (Read 5098 times)
Damn! I fell asleep and miss Russia's pump to 700! I miss that extra 3% profit! 
Someone is pumping that BTC pussy.
woohoo! China wake up and continued the pump! Then after 3 more hrs, russia will pump next XD
Thats the great thing about bitcoin it doesn't care about times zones.... if we get enough countries on board the pump will never stop and run at all times of the day 
woohoo! China wake up and continued the pump! Then after 3 more hrs, russia will pump next XD
Why do people need to find extra-market explanations? It's just the 4h MACD crossing.
Interesting watching the mainstream news articles right now ... I hope that Russia isn't actually trying to grab back a piece of Ukraine. But that's definitely why the price has spiked. Russian stock market dropped 10% today, currency traders on Moscow streets are running out of foreign currency, and gold is up 1.4%. Every time there's a world crisis, Bitcoin goes up by 10-20%. Cyprus, Syria, now Ukraine.
http://www.ft.com/cms/s/0/176d4052-a2c0-11e3-9685-00144feab7de.html#axzz2uwWLExO9
http://www.ft.com/cms/s/0/176d4052-a2c0-11e3-9685-00144feab7de.html#axzz2uwWLExO9
It's just a whale feeding his fishy so he could eat them when they're fat enough
idk..if theres one thing im sure of, i hate it x[. now my paycheck buys alot less bitcoin
How about, markets are complex and there is more than one reason
I'm going out on a limb here and saying it has something to do with the relationship between supply and demand.
Bitcoin is a deflationary currency.
All of the above.
Well, there is:
The final death of Mt.Gox, easing speculator sentiment back to buying now that we've seen the market reaction since, no new outbreaks of exchange stupidity detected since. I think this is honestly most of it right now. Banks are open today so people can start buying again.
Ukraine/Russia scrambling to save their banking systems (Cyprus 2.0 on the way? Highly possible). This also came with a serious downturn in Russian stocks today.
And for that matter, the collapse of emerging markets and their currencies (Bosnia, Argentina, Turkey, etc), possibly driving new users into Bitcoin that want/need out of their banks before they collapse and/or induce more Cyprus style "haircuts" on their own customers money.
UK killing their Bitcoin tax policy, or at least rethinking it
In the end who really knows though, everyone has their own reason to buy while Bitcoin reacts to the world, and the world finally reacts to crooked banks and corrupt governments.
The final death of Mt.Gox, easing speculator sentiment back to buying now that we've seen the market reaction since, no new outbreaks of exchange stupidity detected since. I think this is honestly most of it right now. Banks are open today so people can start buying again.
Ukraine/Russia scrambling to save their banking systems (Cyprus 2.0 on the way? Highly possible). This also came with a serious downturn in Russian stocks today.
And for that matter, the collapse of emerging markets and their currencies (Bosnia, Argentina, Turkey, etc), possibly driving new users into Bitcoin that want/need out of their banks before they collapse and/or induce more Cyprus style "haircuts" on their own customers money.
UK killing their Bitcoin tax policy, or at least rethinking it
In the end who really knows though, everyone has their own reason to buy while Bitcoin reacts to the world, and the world finally reacts to crooked banks and corrupt governments.
As far as I know VAT was never fully implemented, that was their idea for a while. It'll make things clearer so more infrastructure will arrive. What the UK really needs is a bank to get on board.
Is really now easier to trade BTC in UK ?
AFAIK there hasn't been real good news today, so I guess it's just some manipulation by people pumping and dumping.
Well said
AFAIK there hasn't been real good news today, so I guess it's just some manipulation by people pumping and dumping.
What happened today is wires hit Bitstamp. It's been 5 business days since the reversal from 400 was first sighted and called, and now the wires are finally hitting. It's really that simple.
How about, markets are complex and there is more than one reason
What happened today is wires hit Bitstamp. It's been 5 business days since the reversal from 400 was first sighted and called, and now the wires are finally hitting. It's really that simple.
Fortress
Half of BTC community has been goxed!
- BTC stolen
- Fiat stolen
- Identity scans stolen
Now the remaining half want's to be stamped.
- BTC stolen
- Fiat stolen
- Identity scans stolen
Now the remaining half want's to be stamped.
I'm going out on a limb here and saying it has something to do with the relationship between supply and demand.
No, are you serious? it cant be! Can it?
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