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Author Topic: One week bit coin rally - what happened?  (Read 1001 times)
twolifeinexile
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January 17, 2013, 10:53:10 PM
 #1

Any ideas?
Some asset manager allocate capital into bitcoins?Huh
Some wash sale by a big drug cartel??
Some new year optimism?
Some exchange lose their private key on a liquid hot wallet???

Please speculate!
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Luno
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January 17, 2013, 11:04:56 PM
 #2

the return from $2 looked like this. Slow steady rise every day for weeks with no serious dumps. The market was much smaller then than now though.


 
 
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kokojie
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January 17, 2013, 11:12:36 PM
 #3

Bitcoin market cap is still tiny, so any big money player who get in will move the price significantly. Hell anyone
who own a 3 million apartment in manhattan can sell the apartment and put his money in Bitcoin, and move the
price to $30+

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
Luno
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January 17, 2013, 11:19:19 PM
 #4

Bitcoin market cap is still tiny, so any big money player who get in will move the price significantly. Hell anyone
who own a 3 million apartment in manhattan can sell the apartment and put his money in Bitcoin, and move the
price to $30+

And live like this???



 
 
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gimme_bottles
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January 17, 2013, 11:29:45 PM
 #5

Bitcoin market cap is still tiny, so any big money player who get in will move the price significantly. Hell anyone
who own a 3 million apartment in manhattan can sell the apartment and put his money in Bitcoin, and move the
price to $30+

And live like this???



he will just have to wait a few years until it pays back  Tongue
tbcoin
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January 17, 2013, 11:34:19 PM
 #6

some people are hoping see bitcoin in Mega

Sorry for my bad english Wink
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