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Title: Price headed up again soon imho Post by: Sjalq on June 06, 2011, 09:29:02 PM http://www.google.com/trends?q=bitcoin
There is a MASSIVE upsurge in people who are looking into Bitcoin. MASSIVE. There are only 7200 BTC extra mined each day. Supply is very limited, demand is still headed up. People are causing this with their excess income (i speculate), most out of curiosity(i speculates more). Guys there is still some room to go up I believe. My (overly optimistic ?) view is that what we see today is akin to land grabs in the old west. All you needed was a fast horse and a frontier spirit and they were giving it away to you. Title: Re: Price headed up again soon imho Post by: Jack of Diamonds on June 06, 2011, 09:38:17 PM It's going to head up anyways due to difficulty increases. About $19-$21 seems right for Friday given the jump from ~440k to ~560k
Title: Re: Price headed up again soon imho Post by: Freakin on June 07, 2011, 05:49:03 PM It's going to head up anyways due to difficulty increases. About $19-$21 seems right for Friday given the jump from ~440k to ~560k It's actually a little higher than that based on history. Around $20 is perfect for 500k difficutly, so I'd suspect $22-24 is a better target for current difficulty Title: Re: Price headed up again soon imho Post by: cryptoanarchist on June 07, 2011, 06:03:21 PM All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled.
Whether you like the idea or not, bitcoins are benefiting from people who want to use them to buy drugs. Title: Re: Price headed up again soon imho Post by: MoonShadow on June 07, 2011, 06:05:20 PM Whether you like the idea or not, bitcoins are benefiting from people who want to use them to buy drugs. And from publicity provided by those who would want to stop people from buying drugs. Title: Re: Price headed up again soon imho Post by: justusranvier on June 07, 2011, 06:20:44 PM All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled. How many of those new listings were DEA agents?Title: Re: Price headed up again soon imho Post by: MoonShadow on June 07, 2011, 06:21:57 PM All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled. How many of those new listings were DEA agents?I'm sure we will find out. Title: Re: Price headed up again soon imho Post by: Babylon on June 07, 2011, 06:50:09 PM All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled. How many of those new listings were DEA agents?DEA Agents appear to be driving demand for bitcoin then. That is amusing. Title: Re: Price headed up again soon imho Post by: Danny Crane on June 07, 2011, 06:51:02 PM The American is not even in the top five in google trends, I say the price will double in this month.
Title: Re: Price headed up again soon imho Post by: Sjalq on June 07, 2011, 10:43:29 PM Who thinks both Silk Road and the publicity around it and Bitcoin might not be complete coincidence. Drugs, money laundering, terrorism and child abuse. That's probably what they'll accuse bitcoin of.
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