Why we bubbling up?

[muyuu]

I have been wondering if this recent rise is a pump and dump.

Though much more likely to be money from the traditional financial world getting involved rather than an ASIC manufacturer.

Avalon only takes payments in BTC. That causes demand. Then these ASICs hopefully will keep difficulty high.

Both are bullish factors.

I seriously doubt they'd be pumping on BTC, they might store some though.

[phelix]

because of this: http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=q

Bitcoin rocket is taking off. Maybe we fly to the moon this time. 

[lebing]

because of this: http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=q

Bitcoin rocket is taking off. Maybe we fly to the moon this time. 

Thats not a cause, its an effect. But yes, it confirms this increase is not unwarranted

[robamichael]

the google trend seems to correlate much more now, than during the june 11 spike.

good times ahead?

Fiat currencies everywhere are in trouble and this is bullish for bitcoins.



check this one out for comparison:

http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20bond%20bubble&date=1%2F2011%2025m&cmpt=q

correlation is settling in a bit...

[phelix]

because of this: http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=q

Bitcoin rocket is taking off. Maybe we fly to the moon this time. 

Thats not a cause, its an effect. But yes, it confirms this increase is not unwarranted

self enforcing feedback loop  --->  next bubble ahead