Guys I'm wondering why BTC is moving this fast to up? With logic there should be a huge amount of money flew into BTC market but I don't see any reason to make this happen.
Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?
Demand itself is what bitcoin move this quick. And also there is a CME effect and I guess this is also with the so called McAfee effect that I've seen on facebook. McAfee was interviewed by someone over the facebook live video call and he said that bitcoin will be going at $20,000 early this upcoming January 2018 so everyone is trying to buy now and it helped a lot.Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?
I was also thinking that the advertisement itself was the reason why bitcoin gained more as of this moment. Even investments in small amounts will be worth it for average person. And with Facebook and more social media campaigns it is not impossible to invite many investors. But playing in my mind is it will not be able to gather enough people to invest that huge of a money to the market overnight. People are also scared of lossing they investments at some point. Make wonder a bit more.