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Rally today 9/19/12
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Topic: Rally today 9/19/12 (Read 575 times)
shamoons
(OP)
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Rally today 9/19/12
September 19, 2012, 08:29:03 PM
#1
Interesting price rally today...
http://bitcoincharts.com/charts/mtgoxUSD#rg2ztgSzm1g10zm2g25zv
I wonder what's causing the price to drive upwards.
Thoughts?
SgtSpike
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Re: Rally today 9/19/12
September 19, 2012, 08:30:06 PM
#2
Quote from: shamoons on September 19, 2012, 08:29:03 PM
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
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Re: Rally today 9/19/12
September 19, 2012, 08:32:14 PM
#3
Quote from: shamoons on September 19, 2012, 08:29:03 PM
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.
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Shadow383
Sr. Member
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Activity: 336
Merit: 250
Re: Rally today 9/19/12
September 19, 2012, 08:36:52 PM
#4
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
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If you want to walk on water, get out of the boat
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Re: Rally today 9/19/12
September 19, 2012, 08:47:39 PM
#5
The fact that people buy moar Bitcoin!
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