+- Hack Forums (https://hackforums.net)
+-- Forum: General Topics (https://hackforums.net/forumdisplay.php?fid=7)
+--- Forum: World (https://hackforums.net/forumdisplay.php?fid=445)
+---- Forum: The Lounge (https://hackforums.net/forumdisplay.php?fid=25)
+---- Thread: The real reason why bitcoin is skyrocketing (/showthread.php?tid=5514055)
The real reason why bitcoin is skyrocketing - Blowpt1 - Jan 4, 2017
Hello,
Now I have bitcoins because I have my personal opinions about it and its future but I still am very aware of whats happening.
The real reason, why bitcoin is rising so fast, is the Chinese. They are afraid of their own currency collapsing, therefore they Invest in bitcoins as a backup currency for the country.
* - A NEW ERA... - Jan 4, 2017
This could be a good reason honestly lol.
* - X a V i e R - Jan 4, 2017
Hmmmm interesting
Honestly could be it
* - Fumbo - Jan 4, 2017
Well, how do you know? Where did you even get this information?
* - G Swervo - Jan 4, 2017
I predict after the chinese new year the price of BTC will drastically drop again.
* - Corpse - Jan 4, 2017
Any proof to back up these claims?
* - █─█ █▄█ █▀▄▀█ - Jan 4, 2017
Upon first reading this I thought it seemed a little far fetched, but I honestly don't know now I think about it, you could be on to something there OP.
* - Vitani - Jan 4, 2017
If you had proof to back this up I think this would be a reasonable explanation.
I couldn't find anything myself after a quik search, except for other people thinking the same thing.
* - Blowpt1 - Jan 4, 2017
This is just the general idea why it is rising, I dont have paper evidence.
Its the same reason why Euroopan central Banks have invested so heavily into gold, because it acts as a backup "currency" incase Euro collapses.
I have invested in China before, I know Trumps plans about China, I also know what China has in response to Trump, not many people know that. I personally know CEO's in China who agree with me and bitcoin.
* - dropthebeat23 - Jan 4, 2017
I find your reasoning very interesting.
* - Bluffer - Jan 4, 2017
What is the highest bitcoin has ever reached because it could surpass that record today.
* - Prophett - Jan 4, 2017
So will it continue to rise or what?