adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 16, 2012, 04:04:11 AM |
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Adam.
I have nothing to do with price increase... I tell people about bitcoin I get drunk and on the taxi ride back home, I tell they guy about bitcoin I tell my friends a gr8 buying opportunity is just around the corner Gold line calls me, I tell them I like my bitcoin better again, I have nothing to do with the price increase  |
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niko (OP)
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August 16, 2012, 04:09:54 AM |
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I personally believe it is due to wider adoption but here is another theory you did not present:
A criminal organization has taken note of Bitcoins potential to be used for money laundering and transferring funds within their organization without the prying eyes of banks. In order to effectively do this, Bitcoin must be worth much more than $5-6, so they are injecting fiat into Bitcoin to make it more suitable for that purpose. In order to prevent anyone from taking too much advantage of this and causing a bubble, the capital injection is happening over a long period of time.
*Puts tin foil hat down*
I did offer that option, falls under "widening of the user base"... Kidding. Almost. |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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Yuhfhrh
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August 16, 2012, 04:10:48 AM |
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Adam.
I have nothing to do with price increase... I tell THOUSANDS OF PEOPLE about bitcoin every day, I get drunk and on the taxi ride back home, I stick my head out the window and shout to the world about bitcoinI tell KIM DOTCOM a gr8 buying opportunity is just around the corner Gold line calls me, I tell them I like my bitcoin better , and then get the entire company to convert all their gold to BTC.again, I have everything to do with the price increase FTFY DO NOT DENY IT |
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niko (OP)
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August 16, 2012, 04:11:44 AM |
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They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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notme
Legendary
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Activity: 1904
Merit: 1002
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August 16, 2012, 04:12:54 AM |
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Yuhfhrh
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August 16, 2012, 04:13:07 AM |
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He bought back again, but then he sold again.... Either way I'm keeping my EYES on him! >.> |
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niko (OP)
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August 16, 2012, 04:20:38 AM |
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He bought back again, but then he sold again.... Either way I'm keeping my EYES on him! >.> I know how he feels. I made a healthy decission to sell at 10.8, then panic bought during that $1 billion glitch. Anyhow, there have been lots of votes cast by now, and I was thinking... The majority can never be right about the market movements, because they would then act accordingly and cause exactly the opposite. Any majority opinion about the market is a self-destructive prophecy. So, I speculate that options with least number of votes are actually most likely. |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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Bjork
Sr. Member
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Activity: 457
Merit: 250
Look for the bear necessities!!
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August 16, 2012, 05:01:35 AM |
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The majority can never be right about the market movements, because they would then act accordingly and cause exactly the opposite.
noooooooo, exactly the opposite is true. If everyone thinks it is going to go up then everyone buys and holds --> it goes up If everyone thinks it is going to go down then everyone sells --> it goes down |
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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August 16, 2012, 06:50:25 AM |
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I personally believe it is due to wider adoption but here is another theory you did not present:
A criminal organization has taken note of Bitcoins potential to be used for money laundering and transferring funds within their organization without the prying eyes of banks. In order to effectively do this, Bitcoin must be worth much more than $5-6, so they are injecting fiat into Bitcoin to make it more suitable for that purpose. In order to prevent anyone from taking too much advantage of this and causing a bubble, the capital injection is happening over a long period of time.
*Puts tin foil hat down*
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augustocroppo
VIP
Hero Member
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Activity: 756
Merit: 503
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August 16, 2012, 06:54:35 AM |
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It will reach around US$ 15 at Mt.Gox market, then will blow like a true Japanese volcano. US$ 13 is just the vibration which precedes the eruption.  |
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mufa23
Legendary
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Activity: 1022
Merit: 1001
I'd fight Gandhi.
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August 16, 2012, 06:55:05 AM |
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Who or what is behind the recent price increase?  Ancient fucking aliens, of course! |
Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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niko (OP)
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August 17, 2012, 10:19:12 PM |
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In retrospect, I failed to include a totally obvious option: single player pump-and-dump. Slowly buy over many weeks, build up confidence, let the herd grow, then dump. The closest option was #4, HYIPs. Curiously, that's got the least votes.
Anyhow, I still think the fundamentals are growing stronger. Lots of great ideas being developed. We'll have to live with pump-and-dump bubbles along the way.
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They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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bitcon
Legendary
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Activity: 2212
Merit: 1008
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August 17, 2012, 10:25:45 PM |
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pump and dump. hump and dump.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 17, 2012, 10:47:11 PM |
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pump and dump. hump and dump.
actually this was a pump for dumps its the only way to get any good amount of coins these days. |
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BitcoinINV
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August 17, 2012, 10:54:57 PM |
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You got the pump part right lol number of bitcoins on the MT.gox today more then doubled since 11 am
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