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RE: ONLINE USERS AT POLONIEX BITCOIN PRICE correlation

in #bitcoin8 years ago

Interesting correlation ...i would explain it as follows :

  1. Due to issues in poloniex ..currencies that are suspended like steem, last week - people decide that poloniex is shit and decide to leave it and to move to a different exchange
  2. They convert all their altcoins to Bitcoin (buying a lot of bitcoins) and transfer the bitcoins elsewhere
    => as a result of many people buying bitcoins - the price goes up