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BetterBitcoinUp (OP)
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January 21, 2013, 07:39:25 PM
 #1
I can't believe the volatility of BTC. I have a tab on my browser that displays the price of BTC, and recently I can't believe how it is skyrocketing. What is the impetus of the move?
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January 21, 2013, 09:36:47 PM
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The end of who's day?  :-)  GMT -5:00 I don't think it will hit $17 today, but we will stay between 16.5 and < 17.
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January 21, 2013, 09:54:36 PM
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When do you think the price will crash?
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January 21, 2013, 09:56:26 PM
Last edit: January 21, 2013, 10:12:42 PM by Garr255
 #4
Quote from: Driice on January 21, 2013, 09:54:36 PM
When do you think the price will crash?

Bitcoin only goes up; don't you know that?!
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January 21, 2013, 09:59:51 PM
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Quote from: Garr255 on January 21, 2013, 09:56:26 PM
Quote from: Driice on January 21, 2013, 09:54:36 PM
When do you think the price will crash?

Bitcoin only goes up, don't you know that?!

Oh the crash last year was imaginary my bad
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January 21, 2013, 10:55:49 PM
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Quote from: Driice on January 21, 2013, 09:59:51 PM
Quote from: Garr255 on January 21, 2013, 09:56:26 PM
Quote from: Driice on January 21, 2013, 09:54:36 PM
When do you think the price will crash?

Bitcoin only goes up, don't you know that?!

Oh the crash last year was imaginary my bad
There was a crash last year?

I mean I know the exchange rate with USD dropped from a high of around 16 USD per BTC to a low of about 8 BTC per USD between August 17 and August 21, but since the month of August started out at just under 10 USD per BTC and ended just over 10 USD per BTC I don't think I'd call that a crash.  More like a few weeks of volatility.
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January 21, 2013, 11:12:44 PM
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$20 is a good top marker. then back down to $15
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January 22, 2013, 12:44:24 AM
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I believe the Impetus was the German news 2-3 days ago about them pulling all national gold out of the US Fed reserve bank.

There is a pretty noticeable correlation between the Euro's loss and the Bitcoin's gain at times. Germans would seem to be jumping out of euro into the BTC this week, and if I'm not mistaken, a $200k buy order just went through since the Gold news. (Can someone confirm this?)

This could be the beginning of a very large rally. As the US keeps Gun bans in the news and the USD keeps getting watered down, we've got nowhere to go but up.  Wink
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January 22, 2013, 04:40:17 AM
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Quote from: BTCLuke on January 22, 2013, 12:44:24 AM
I believe the Impetus was the German news 2-3 days ago about them pulling all national gold out of the US Fed reserve bank.

There is a pretty noticeable correlation between the Euro's loss and the Bitcoin's gain at times. Germans would seem to be jumping out of euro into the BTC this week, and if I'm not mistaken, a $200k buy order just went through since the Gold news. (Can someone confirm this?)

This could be the beginning of a very large rally. As the US keeps Gun bans in the news and the USD keeps getting watered down, we've got nowhere to go but up.  Wink

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