QUOTE(wengherng @ Apr 14 2017, 04:03 PM)
You know what......I was looking at some of the historical charts, and noticed a strange recurring phenomena.
Many of these coins, including ETH, and especially those that are constantly pushing the price limits these days, all seemed to have experienced a sudden burst in trading volume and price increases at around the same time, around mid-March 2017.
After thinking it over, the only reason I can think of is that the bitcoin price increase from 2016 has finally piqued the interest of the general population, with many people starting to invest in it, and then the rejection of the bitcoin ETF created a bit of a sell down where people started moving their money away from BTC and into the various altcoins.
Any other thoughts?
Or did something else happen in mid March that I wasn't aware of?
Ive also noticed strange phenomena. Or is it?Many of these coins, including ETH, and especially those that are constantly pushing the price limits these days, all seemed to have experienced a sudden burst in trading volume and price increases at around the same time, around mid-March 2017.
After thinking it over, the only reason I can think of is that the bitcoin price increase from 2016 has finally piqued the interest of the general population, with many people starting to invest in it, and then the rejection of the bitcoin ETF created a bit of a sell down where people started moving their money away from BTC and into the various altcoins.
Any other thoughts?
Or did something else happen in mid March that I wasn't aware of?
Bitstamp BTC price trading at $1177~80
Bitfinex at $1200~05
Perhaps related to Wells fargo froze Bitfinex USD & USDT wire transfers to account holders.
This post has been edited by archangel22: Apr 15 2017, 02:04 PM
Apr 15 2017, 02:03 PM

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