Rally today 9/19/12

[shamoons]

Interesting price rally today... http://bitcoincharts.com/charts/mtgoxUSD#rg2ztgSzm1g10zm2g25zv



I wonder what's causing the price to drive upwards.

Thoughts?

[SgtSpike]

I wonder what's causing the price to drive upwards.

All the pirate holders finally admitting to themselves that they aren't getting their coins back.   

[totaleclipseofthebank]

Interesting price rally today... http://bitcoincharts.com/charts/mtgoxUSD#rg2ztgSzm1g10zm2g25zv



I wonder what's causing the price to drive upwards.

Thoughts?

Probably increased press coverage and the Pirateat40 scam/scams coming to an end

As the fictitious nature of the ponzi deposits are exposed, the "m2" money supply of bitcoins is reduced (people who think they are holding bitcoins, are in fact not holding anything), and there is a rush to buy more as many of the disenfranchised investors/marks are still hoping the value of bitcoin itself will appreciate against the dollar.

[Shadow383]

What I find more interesting from those charts is that it seemed someone was trying to hold the price around $11.9 all morning...

[Gabi]

The fact that people buy moar Bitcoin!