Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Chinese factors behind the 14 billion marketcap of Bitcoin
by
pooya87
on 26/12/2016, 05:03:13 UTC
Quote from: pedrog on December 23, 2016, 10:34:05 AM
Quote from: newIndia on December 23, 2016, 10:04:38 AM
Quote from: hl5460 on December 23, 2016, 09:58:16 AM
You will see the real driving force at the end of this story.

End of the story states that...

Quote
Pyramid Schemes

So where is money comes from? A latest topic on 8btc may tell the truth:

The thread claims that the MMM are the key forces for driving the price up

So, do u mean, Bitcoin has reached 900 USD because of MMM?

Latest surge in litecoin price where litecoin went up to $8 was because of some pyramid scheme in China, I wouldn't be surprised if something similar is helping bitcoin price right now.

don't compare litecoin with bitcoin. litecoin daily trading volume is not at all comparable with bitcoin. and since the price is that much lower and market smaller, it can be manipulated so much easier. and the rise was full pump and doing the same thing in bitcoin takes a lot more than that.