Post
Topic
Board Speculation
Re: What and Why Bitcoin Price Reached $7,000
by
YuginKadoya
on 03/11/2017, 15:13:00 UTC
What you need to understand is that news does't cause pumps - the pumps are simply timed to coincide with news so that people don't think it's odd and they can rationalise in their minds why the coin is pumping.

Most of teh action is on Bitfinex, using tethers to buy (and tethers arn't real US dollars, they're just another crappy alt) - so there is a bit of fakery going on. Be careful out there people.



LIAR !!!!!!!!!!!! NEWS CAUSE PUMP OF COURSE




News will surely cause an outburst from the peoples point of view about bitcoin and an uproar within the market cap and the one time it did was the news about china's gonna ban all ICO related project it's been a topic for quite a while back then and they think that china's gonna ban bitcoin for sure,

But I think the Pump that we are experiencing right now is not because of some news but the impending Hard Fork that is coming and many are buying bitcoin for sure.