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The real reason why bitcoin is skyrocketing
Blowpt1
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Jan 4, 2017 12:47 PM
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.
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Jan 4, 2017 12:48 PM
This could be a good reason honestly lol.
X a V i e R
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Jan 4, 2017 12:49 PM
Hmmmm interesting
Honestly could be it
Fumbo
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Jan 4, 2017 12:50 PM
Well, how do you know? Where did you even get this information?
G Swervo
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Jan 4, 2017 12:52 PM (This post was last modified: Jan 4, 2017 12:52 PM by G Swervo.)
I predict after the chinese new year the price of BTC will drastically drop again.
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Jan 4, 2017 12:52 PM
Any proof to back up these claims?
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Jan 4, 2017 12:53 PM
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.
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Vitani
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Jan 4, 2017 12:57 PM
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.
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Blowpt1
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Jan 4, 2017 01:10 PM
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
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Jan 4, 2017 01:33 PM
I find your reasoning very interesting.
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Jan 4, 2017 01:34 PM
What is the highest bitcoin has ever reached because it could surpass that record today.

Nowadays? I'm just here for the nostalgia.
Prophett
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Jan 4, 2017 01:34 PM
So will it continue to rise or what?
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