correlation?

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Topic: correlation? (Read 1408 times)

nakowa

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correlation?

July 19, 2011, 07:57:35 AM

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".

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piramida

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Re: correlation?

July 19, 2011, 04:46:17 PM

So you are saying, you suspect the more people know about bitcoin, the higher it's price goes? Woah that's a fresh observation

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

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