Quote from: njcarlos on January 02, 2017, 06:08:42 PM

Quote from: Taki on January 02, 2017, 05:57:04 PM

Rally should not be a surprise. It's already gone through a tough bear market, and sentiment has recovered, everyone now is talking about the blockchain, the exchange became more legitimate, security has improved, press coverage has increased, the infrastructure continues to build, the technological progress in the face, investors have invested in the sector, financial institutions entered the fray, the government began to carry out regulation and we all learned a little more, and frankly, the chart is looking very sexy. Bitcoin is growing, and perhaps its potential is realized.

I agree but I believe these contributed to the steady climb to $800. This spike from $800 is entirely some events playing out in China, about which I haven't heard anything reasonable to explain it.

The recent price spike has nothing to do with the Chinese events and there is nothing to quote from china for the recent price of bitcoin,it is simply because of the market momentum and during Christmas we always see these sort of bubble if you check the charts and there is a feature in coindesk about the expected growth of bitcoin in 2017.