Post
Topic
Board Speculation
Re: Reason for decline over months
by
zimmah
on 17/09/2014, 06:05:08 UTC
We are pricing in the sell-off of 200.000 gox-coins.

Also, we are not sure yet, if the 1200 rally was driven by self-created-gox-usd by mark k.

(read willy report http://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/)

transaction rates and bitcoin price go hand in hand.

more transactions means higher value, and higher value means more transactions.

the transactions are nearing an all time high, the only time it has been (slightly) higher was a few days during november last year.

If this trend continues for a few more weeks, we will see the highest amount of transactions ever in bitcoin history, and the price will quickly follow.