Bitcoin Forum

There are those that believe a huge increase in demand for BTC occurs around major holidays due to SR users placing escrow orders to enjoy over the holiday.  Do you think we'll see a BTC price spike approaching the 4th of July holiday?  Discuss.

i vote maybe, cuz well... Stranger things have happened
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash3/579519_378780685521343_1508591691_n.jpg

Maybe on a bigger holiday, don't get me wrong I like the 4th, but you can't buy beer with bitcoins.

And thats should be fixed asap!

Free beer, with free as in free speech, not as in free beer?  :P

Nonrestricted beer?

Me too... Hooray for Kroger cards!

Decentralized beer... mmmmmmmmmm

False???

http://bitcoin.travel/whiskey-dicks/

I went there with bitcoins and I left with all my bitcoins. Sometimes they take them though.

But I know I saw a beer store online at one point.

Are we witnessing the run-up to the 4th of July bubble right now?  Will it be able to continue at this pace until July?

Yes... there is so much demand for silkroad drugs for the 4th of July that we will see the entire bitcoin economy increase in value by 10 million dollars.

http://3.bp.blogspot.com/_gWQaU40PH24/TSOSVuF5fvI/AAAAAAAAKBo/FzxUm6ozKNo/s1600/facepalm111.jpg

Care to give another explanation for the sudden increase?  I'm sure the nearly 20% increase in BTC price since this thread started is just a big coincidence?  Same with last New Year's Eve or leading up to April 20th of this year, right?  Also, it doesn't take much to "see the entire bitcoin economy increase in value by 10 million dollars."  It's not like someone would have to dump 10 million dollars into it...  Supply and demand friend.  Look into it.  

Clearly its the fact the fathers day is coming up soon...

I think it may also have to do with the "summer effect."

Colleges are out of school now, they have more free time to search the internet, and more come accross bitcoin. That's what happened to me at least.

Yeah... college kids cause rallies with tens of thousands of dollars' worth of sudden buys along with $40k bidwalls creating upward pressure. As if this uptick was organic in the slightest...

(trololo)

Care to give an explanation for the previous stability while the userbase, transaction volume, transaction size, and hashing power all grew?

What your seeing is the market finally busting out of the stranglehold the day traders had on it.  It had nothing to do with this thread, or the 4th of July.

Also, the EUR and GBP charts have been leading this rally.  I don't think the Brits are too keen on celebrating the 4th of July.  If you sell your bitcoins for GBP right now, and convert them to USD, ignoring fees you are looking at $6.12/BTC.  For EUR, you're looking at $6.06.

Real economics friend.  Look into it.

I didn't mean they were doing it all, I was just adding to the list.

I hope you come back and apologize once the upward pressure stops, probably a week before the 4th.

PM me if it does stop and I don't.

Edit: Although I won't be apologizing until we at least see how the week following the 4th plays out.  If we do have upward pressure until then, we will be long due for a correction.

How's that prediction holding up now OgNasty?

i don't think he wants to talk to you.

I don't get it how is that date related to BTC?

OP tried to claim the upward movement was due to people buying drugs for the holiday.  I told him he was wrong and provided a more rational explanation.  He got all uppity and made me promise to apologize when the upward pressure stopped around the 4th.  It didn't stop, so I'm reminding him so he can learn from his mistake.

It appears I was wrong in thinking we would see a correction following the 4th.  Buying pressure is still ramping up.  Thankfully, I went "all in" and am still holding.  I guess I will have to accept making money for the wrong reason.   ;D

Oh darn ;).

lol