Bitcoin Forum
May 09, 2024, 01:59:23 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Economics > Speculation > correlation?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: correlation?  (Read 1470 times)
nakowa (OP)
Member
**
Offline Offline

Activity: 83
Merit: 10


View Profile
July 19, 2011, 07:57:35 AM
 #1
Immediately after Silk Road launched in the early February, BTC hit $1 exchange rate.

Concomitant with notable news resources reporting bitcoin "surge", BTC rocketed from $6.2 to $31 (historically highest).

The first surge of BTC happened exactly 1 year before, 6/12/2011, from $0.008/BTC to $0.08/BTC, up to ten folds.

In several days before yesterday, the price of BTC was dropping, but suddenly rised up (albeit not too much); and CNN money shot a video online "at the same time".
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
piramida
Legendary
*
Offline Offline

Activity: 1176
Merit: 1010


Borsche


View Profile
July 19, 2011, 04:46:17 PM
 #2
So you are saying, you suspect the more people know about bitcoin, the higher it's price goes? Woah that's a fresh observation Smiley Let's see, what could be driving the price up if several thousand new people start trying to buy some bitcoins? Mighty coincidence here, probably market regulators drive the price up to make it harder to buy coins right?
i am satoshi
Pages: [1]
  Print  
Bitcoin Forum > Economy > Economics > Speculation > correlation?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!