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Author Topic: One week bit coin rally - what happened?  (Read 1005 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!
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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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.

                                                                               
                
                                                       ╓▄▌██P                  
                                                 ╔▄▌███▀███▌                   
                                           ▄▄▌██▀▀╚  ╓██╩██                    
                                     ▄▄███▀▀╙      ▄██  ▓█                     
                               ▄▌███▀▀+          ▄█▀   ▐█                      
                        ,▄▌███▀▀¬              ▓█▀     █▄                      
                  ,▄▌███▀▀                  ,██▀      █▌                       
               '█████▌▄▄,                 ╓██╩       ██                        
                  ▀██▌▐▀▀▀█████▌▌▄▄╓    ▄██¬        ▄█                         
                     ▀██▄        ╚▀▀▀████          ▐█═                         
                        ▀██▄        ▓█▀██          █▀                          
                           ▀██▄  ,██▀   █µ        ██                           
                              ▀███Z     ██       ██                            
                                ▐██     ▐█      ▄█                             
                              ,,╓╓█▓▄▌   █▌    ▐█U                             
                        º▄▓▓▓▓▓▓▓▓▓███   ▀█    █▌                              
                          ▀█▓▓▓▓▓████▀█▌  █▌  ██                               
                            ▀███████▌  ▀█µ▀█ ██                                
                              ▀█████     ███▓█                                 
                                ▐███      ▀██Ñ                                 
                                            ▀                             

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???


                                                                               
                
                                                       ╓▄▌██P                  
                                                 ╔▄▌███▀███▌                   
                                           ▄▄▌██▀▀╚  ╓██╩██                    
                                     ▄▄███▀▀╙      ▄██  ▓█                     
                               ▄▌███▀▀+          ▄█▀   ▐█                      
                        ,▄▌███▀▀¬              ▓█▀     █▄                      
                  ,▄▌███▀▀                  ,██▀      █▌                       
               '█████▌▄▄,                 ╓██╩       ██                        
                  ▀██▌▐▀▀▀█████▌▌▄▄╓    ▄██¬        ▄█                         
                     ▀██▄        ╚▀▀▀████          ▐█═                         
                        ▀██▄        ▓█▀██          █▀                          
                           ▀██▄  ,██▀   █µ        ██                           
                              ▀███Z     ██       ██                            
                                ▐██     ▐█      ▄█                             
                              ,,╓╓█▓▄▌   █▌    ▐█U                             
                        º▄▓▓▓▓▓▓▓▓▓███   ▀█    █▌                              
                          ▀█▓▓▓▓▓████▀█▌  █▌  ██                               
                            ▀███████▌  ▀█µ▀█ ██                                
                              ▀█████     ███▓█                                 
                                ▐███      ▀██Ñ                                 
                                            ▀                             

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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