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Author Topic: Explain the current BTC / USD trend.  (Read 2814 times)
DobZombie
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October 20, 2013, 06:30:54 AM
 #21

What is behind the current price trend for BTC?

I'm starting this thread just after the USA just avoided hitting the debt ceiling, which I guess was the reason for the rapid BTC price rise.  However now that they've dodged the bullet (at least for a couple of months), why is the price still rising?

One word.  Inertia

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wachtwoord
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October 22, 2013, 03:24:39 AM
 #22

I guess when it hits 200 and continues to grow up, those with bids 50-120 will surrender and rush buying to amplify it into insane values.

That happened last spring and is happening now.


That's always fun! Smiley

It's nice to see the price (not value) your holdings grow by huge amounts in a day. Just ignore the fall afterwards.
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