Bitcoin Forum

Economy => Economics => Topic started by: syuzhetmusic on June 03, 2011, 09:57:04 AM



Title: up from 9 GBP to 15 GBP in the space of an hour!
Post by: syuzhetmusic on June 03, 2011, 09:57:04 AM
Tipping point?

edit: Source: Britcoin.co.uk (https://britcoin.co.uk/?page=orderbook)


Title: Re: up from 9 GBP to 15 GBP in the space of an hour!
Post by: bitboy on June 03, 2011, 10:03:48 AM
Good lord! That's crazy.


Title: Re: up from 9 GBP to 15 GBP in the space of an hour!
Post by: syuzhetmusic on June 03, 2011, 10:05:38 AM
It was brief, and came back down to 12.5 pretty quickly. Still, for a moment it appeared to be worth more in GBP than in USD.  God knows what'll happen to the price when America wakes up.



Title: Re: up from 9 GBP to 15 GBP in the space of an hour!
Post by: bitoption on June 03, 2011, 10:06:39 AM
USD is also way up.

I think what the markets need is a quality short mechanism; I'm guessing we're seeing a bunch of bots bid each other up.

I'm just about to widely launch an options trading site; this will help. Short selling would also help quite a lot.


Title: Re: up from 9 GBP to 15 GBP in the space of an hour!
Post by: Bazil on June 03, 2011, 10:49:27 AM
*POP*


Title: Re: up from 9 GBP to 15 GBP in the space of an hour!
Post by: epi 1:10,000 on June 03, 2011, 11:37:59 AM
Well at the current rate of market fluctuation the important question to ask is:

If a hen and a half lays an egg and a half in a day and a half how long does it take a monkey with a wooden leg to kick the seeds out of a dill pickle?



Title: Re: up from 9 GBP to 15 GBP in the space of an hour!
Post by: bitoption on June 03, 2011, 11:08:00 PM
It's up at https://bitoption.org

(Beta)