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Author Topic: Price headed up again soon imho  (Read 1403 times)
Sjalq
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June 06, 2011, 09:29:02 PM
 #1

http://www.google.com/trends?q=bitcoin

There is a MASSIVE upsurge in people who are looking into Bitcoin. MASSIVE. There are only 7200 BTC extra mined each day. Supply is very limited, demand is still headed up. People are causing this with their excess income (i speculate), most out of curiosity(i speculates more).

Guys there is still some room to go up I believe.

My (overly optimistic ?) view is that what we see today is akin to land grabs in the old west. All you needed was a fast horse and a frontier spirit and they were giving it away to you.

Cheesy mine mine mine mine mine mine mine Cheesy
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Jack of Diamonds
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June 06, 2011, 09:38:17 PM
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It's going to head up anyways due to difficulty increases. About $19-$21 seems right for Friday given the jump from ~440k to ~560k

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June 07, 2011, 05:49:03 PM
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It's going to head up anyways due to difficulty increases. About $19-$21 seems right for Friday given the jump from ~440k to ~560k

It's actually a little higher than that based on history.  Around $20 is perfect for 500k difficutly, so I'd suspect $22-24 is a better target for current difficulty
cryptoanarchist
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June 07, 2011, 06:03:21 PM
 #4

All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled.

Whether you like the idea or not, bitcoins are benefiting from people who want to use them to buy drugs.
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June 07, 2011, 06:05:20 PM
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Whether you like the idea or not, bitcoins are benefiting from people who want to use them to buy drugs.

And from publicity provided by those who would want to stop people from buying drugs.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
justusranvier
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June 07, 2011, 06:20:44 PM
 #6

All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled.
How many of those new listings were DEA agents?
MoonShadow
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June 07, 2011, 06:21:57 PM
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All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled.
How many of those new listings were DEA agents?

I'm sure we will find out.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Babylon
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June 07, 2011, 06:50:09 PM
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All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled.
How many of those new listings were DEA agents?

DEA Agents appear to be driving demand for bitcoin then.

That is amusing.

Danny Crane
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June 07, 2011, 06:51:02 PM
 #9

The American is not even in the top five in google trends, I say the price will double in this month.
Sjalq
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June 07, 2011, 10:43:29 PM
 #10

Who thinks both Silk Road and the publicity around it and Bitcoin might not be complete coincidence. Drugs, money laundering, terrorism and child abuse. That's probably what they'll accuse bitcoin of.

Cheesy mine mine mine mine mine mine mine Cheesy
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