2013-03-25: Zero Hedge BitCoin Mania Accelerates

[MaxCoins]

http://www.zerohedge.com/news/2013-03-25/bitcoin-mania-accelerates

[BTC Books]

I know the idea doesn't have a lot of supporters here, but ZH has been banging that drum pretty hard:  that the price rise is tied to the Cyprus issue more than anything else.

And true or not, they're making a decent case.  It could have more effect on serious money coming into bitcoin than Cyprus actually does, at this point.

[vokain]

Yeah.... correlation =/= causation and all that. Cyprus is only but one factor, though a very public and recognized factor that has many network effects. Main Street does not yet understand that bitcoins are really that safe haven for wealth, so I don't really think the "new hope" thing was a cause of that selloff, but rather just multiple people thinking it has gone up way too high and selling off to hope they can catch a lower buying point. Cyprus should prove to become a bigger factor as time progresses I'd imagine.

[labestiol]

MillionDollarBonus on top of his game :

If a meteor hits the earth and destroys all computers running the bitcoin client at the same time, then your bitcoins are gone. No thanks.

[Gabi]

What a fail 

[Piper67]

MillionDollarBonus on top of his game :

If a meteor hits the earth and destroys all computers running the bitcoin client at the same time, then your bitcoins are gone. No thanks.

First world problems 

[Rincewind]

The Tylers have no idea what makes the Bitcoin market move.

http://fullmetalslacker.org/charts.png

[kibblesnbits]

MillionDollarBonus on top of his game :

If a meteor hits the earth and destroys all computers running the bitcoin client at the same time, then your bitcoins are gone. No thanks.

I don't know what's better, his posts, or the following comments from people that haven't figured it out yet.  I'd like to believe most anti-BTC posters are doing the same thing - they can't be that short-sighted.  Some of my favorites are the EMP excuse - if all the computers are taken out with an EMP, you've got more to worry about than your PM holdings.  The CIA controls it. It's a Ponzi. Bankers won't tolerate competition.  Buttcoin.  It's taking all self-control to start a ZH account. 

[mccorvic]

The Tylers have no idea what makes the Bitcoin market move.

You, sir, are a TA wizard and I look forward to more of your analysis in the future.

[ThickAsThieves]

More like T&A wizard. 

[Seal]

The Tylers have no idea what makes the Bitcoin market move.

You, sir, are a TA wizard and I look forward to more of your analysis in the future.

Most accurate I've seen so far. +1 for more