Bitcoin Forum

Title.

You ALL know its the truth.

Stop acting like you don't.

your a tard.

Why do established members troll the newbie section?

Don't lump everyone in his bucket.  ;)
I'm betting he just made a ton and he's celebrating.(albeit drunken  :D)

What are your theories then ... ??!?

If you guys thought Bitcoinica is\was good for BTC, then you are the tards!

If anything, I think MtGox/Dwolla is responsible for this one. It made it harder for people to get their money into the exchange to buy coins, making the coin go up. Miners (well... me. can't speak for everyone) have been sort of in limbo the past month due to the verification and slowness crap. I have a month's worth of coins waiting to be sold. I think during this time the exchanges have been draining, making each coin left a bit more valuable. Or at least, that's my hypothesis. I am not an economist, nor do I know much of anything about economics.

It's more likely related to people betting on European economy falling off the edge of the cliff. And taking the world with it!

First of all, just because the price rises some time after Bitcoinica goes offline doesn't = causation.

Second, the price didn't move up for a couple weeks after Bitcoinica went down.

Third, Bitcoinica allows speculation in two directions: up and down. Even though you can't short BTC now that it's gone, you also cannot go long at 5:1 margin. MANY people used Bitcoinica to buy heavily on margin, and they can no longer do so. There is no reason to think the net effect of Bitcoinica is "up" or "down"... it probably changes day by day based on the specific balances of the individuals currently placing their bets.

The reason Bitcoin's price is rising is because it's the most revolutionary monetary technology ever invented. One should expect it to rise in price, and not much explanation is needed beyond that. People are realizing how healthy and resilient Bitcoin actually is, and so they buy some. Bitcoinica would only ever be a minor influence at any given time, and could be either positive or negative on the price.

Go look at all the recent press. Publicity has always caused the price to increase the most. Remember all the publicity from the articles about being able to buy any drug causing it to go to $30?

Also, go check searches for bitcoin on trends.google.com. This looks pretty relevant to price. Looking at the last 30 days shows a slight increase in searches. It also shows a huge spike from when it hit $30 in 2011.

Dupe of https://bitcointalk.org/index.php?topic=86539.0 But that's ok. Newbs also have the right to bash on Bitcoinica :P
We know the price rose a bit more since you posted the other thread, but are you going to post a new thread every time it rises by $0.50, or...? lol

he joined on 3rd may
see
https://bitcointalk.org/index.php?topic=86580.0
as to why it appears he is "established"

he has an opinion. just like nearly everyone on the forum, some are more researched than others, some seem to come from drug fantasies and lots inbetween. dunno, I guess its ok to be excited the value of a BTC is going up :D

thought you might all enjoy this:

http://www.youtube.com/watch?v=4cAbiMRET7I

I expect Kronos.io to do the same as bitcoinica if thats the case :)

I was about to buy so much when it was just under 5 -----------



now i feel I'm gonna get in too late n lose .....  i know it was really high ----


but i feel it is at a normal area now ------ n wonder if it will keep join up n if i kik myself hard for not buying at 4 plus   :( 


but dwolla caused issues with money transfer that killed me too ---
   
any newbie advice would b super !    wait -- or jump in b4 too late ?     hmmm






ps  mt gox isnt workin well today -- i cant transfer any btc or money n its wen i wanna buy !!!!!!  come on -- I'm watching it jump up but cant buy a thing ????


thx n a pleasure to meet all !

respect :'( :-\ :D