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by SheHadMANHands
Sun Dec 06, 2015 10:59 pm
Forum: Speculation
Topic: The bitcoin price is on the rise again, any reasons why?
Replies: 3
Views: 3553

Re: The bitcoin price is on the rise again, any reasons why?

I think what's interesting is when the "market" (as a whole) *believes* that the downtrend is over, and that we've hit the low (~$160). If we were going to stay in the $100s, it's hard to believe we would have snapped up to $500 after that significant push down. If it was going to happen (if that ...
by SheHadMANHands
Sun Dec 06, 2015 10:57 pm
Forum: Speculation
Topic: The bitcoin price is on the rise again, any reasons why?
Replies: 3
Views: 3553

Re: The bitcoin price is on the rise again, any reasons why?

Demand, in the short run at least, is more than it used to be (with supply expectations unchanged).

Could be the beginning of another hype cycle. Could be noise. Almost certainly isn't related to recent news, etc.

Keep in mind, if miners suspect that we're now in an uptrend, they're also liable ...

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