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Title: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: Arvicco on November 15, 2013, 12:15:31 AM http://www.sfgate.com/business/article/Bitcoin-value-skyrockets-cause-unclear-4983853.php
Yet another ATH WTF head scratcher... Title: Re: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: n8rwJeTt8TrrLKPa55eU on November 15, 2013, 02:24:25 AM Only unclear to people whose worldview is based on bogus assumptions. Plenty of people on this forum have understood the value of Bitcoin quite clearly for several years.
I suppose if educational institutions and the mainstream media for 100 years pushed the idea that gravity was a repellent force, it would also be unclear to the writer why people are unnaturally glued to the ground :D It's a surreal thing to see journalists doubting the validity of reality, instead or questioning their own premises. Title: Re: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: Carlton Banks on November 15, 2013, 02:58:00 AM It's a surreal thing to see journalists doubting the validity of reality, instead or questioning their own premises. Only serves to confirm that they're actually doing a job that promotes various agendas to create reality, not to inform us about what the current reality is. Naughty, naughty journalists. Title: Re: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: iCEBREAKER on November 15, 2013, 03:06:43 AM Hmm, could it possibly have something to do with demand exceeding supply? Nah, couldn't be!
TIL Economics 101 is not a required class required for bona fide journalists. Edit: I knew that already. Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?" Title: Re: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: exstasie on November 15, 2013, 03:56:33 AM Hmm, could it possibly have something to do with demand exceeding supply? Nah, couldn't be! TIL Economics 101 is not a required class required for bona fide journalists. Edit: I knew that already. Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?" As you mentioned. There really only is two variables that would affect this. Either a reduction in supply, or an increase in demand. In this case, I think it's fair to say that demand has dramatically increased over the past few weeks while supply has relatively remained the same. Title: Re: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: vokain on November 15, 2013, 09:21:56 AM It's a surreal thing to see journalists doubting the validity of reality, instead or questioning their own premises. Only serves to confirm that they're actually doing a job that promotes various agendas to create reality, not to inform us about what the current reality is. Naughty, naughty journalists. A chilling realization. Title: Re: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: Chef Ramsay on November 15, 2013, 05:59:10 PM Gotta love the media ostriches. :D
Title: Re: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: fluidjax on November 15, 2013, 06:24:56 PM Hmm, could it possibly have something to do with demand exceeding supply? Nah, couldn't be! TIL Economics 101 is not a required class required for bona fide journalists. Edit: I knew that already. Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?" As you mentioned. There really only is two variables that would affect this. Either a reduction in supply, or an increase in demand. In this case, I think it's fair to say that demand has dramatically increased over the past few weeks while supply has relatively remained the same. As a number of new miners are now receiving their ASIC devices, and want to build up a stash of coins, I think the supply is diminshing together with the increasing demand from china. Title: Re: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear Post by: theonewhowaskazu on November 16, 2013, 06:15:11 AM Next headline: US Dollar tanks, cause unclear.
Seriously, these people don't even try any more. Even a cursory glance at mtgox, btcchina, and bitstamp orderbooks will tell you of the 'cause.' |