Post
Topic
Board Economics
Re: Rising Numbers
by
gentlemand
on 02/11/2015, 16:44:28 UTC

It collapsed because of the silk road and other illegal activities ...weapon supplies ,ISIS etc...
People did not accept that and moved their investments.This rise is just Chinese thing.


Silk Road collapsed before the bubble and may well have been a factor in increasing confidence when folks realised that Bitcoin wasn't dependent on it.

Gox weirdness aside, the rise was fueled by China last time and the collapse was fueled by it to when the government clamped down on exchanges. The Chinese government then pumped out documentaries pointing out the dangers and the losses people had sustained while conveniently leaving out that they were the primary reason why.

And I can't see any mention anywhere about weapons or terrorism ever being a factor.