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Question: Will we see an increase in BTC price for the 4th of July holiday?
Yes - 24 (32.4%)
No - 29 (39.2%)
Maybe - 21 (28.4%)
Total Voters: 73

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Author Topic: 4th of July BTC Bubble?  (Read 2410 times)
OgNasty
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June 11, 2012, 06:18:23 PM
 #1

There are those that believe a huge increase in demand for BTC occurs around major holidays due to SR users placing escrow orders to enjoy over the holiday.  Do you think we'll see a BTC price spike approaching the 4th of July holiday?  Discuss.

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June 11, 2012, 06:33:30 PM
 #2

i vote maybe, cuz well... Stranger things have happened

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June 11, 2012, 08:08:42 PM
 #3

There are those that believe a huge increase in demand for BTC occurs around major holidays due to SR users placing escrow orders to enjoy over the holiday.  Do you think we'll see a BTC price spike approaching the 4th of July holiday?  Discuss.

Maybe on a bigger holiday, don't get me wrong I like the 4th, but you can't buy beer with bitcoins.

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June 11, 2012, 09:18:10 PM
 #4

There are those that believe a huge increase in demand for BTC occurs around major holidays due to SR users placing escrow orders to enjoy over the holiday.  Do you think we'll see a BTC price spike approaching the 4th of July holiday?  Discuss.

but you can't buy beer with bitcoins.
And thats should be fixed asap!

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June 11, 2012, 09:35:36 PM
 #5

There are those that believe a huge increase in demand for BTC occurs around major holidays due to SR users placing escrow orders to enjoy over the holiday.  Do you think we'll see a BTC price spike approaching the 4th of July holiday?  Discuss.

but you can't buy beer with bitcoins.
And thats should be fixed asap!

Free beer, with free as in free speech, not as in free beer?  Tongue

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June 11, 2012, 09:37:54 PM
 #6

There are those that believe a huge increase in demand for BTC occurs around major holidays due to SR users placing escrow orders to enjoy over the holiday.  Do you think we'll see a BTC price spike approaching the 4th of July holiday?  Discuss.

but you can't buy beer with bitcoins.
And thats should be fixed asap!

Free beer, with free as in free speech, not as in free beer?  Tongue

Nonrestricted beer?

https://www.bitcoin.org/bitcoin.pdf
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June 11, 2012, 09:56:05 PM
 #7

Spendbitcoins.com will get you a gift card you can use to buy beer, or you can transfer funds to paypal and buy beer anywhere with your paypal card.  I've been buying food/gas/beer/pizza/etc with BTC for quite some time now.

Me too... Hooray for Kroger cards!

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June 12, 2012, 01:03:56 AM
 #8

Decentralized beer... mmmmmmmmmm

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June 13, 2012, 03:08:43 AM
 #9

There are those that believe a huge increase in demand for BTC occurs around major holidays due to SR users placing escrow orders to enjoy over the holiday.  Do you think we'll see a BTC price spike approaching the 4th of July holiday?  Discuss.

Maybe on a bigger holiday, don't get me wrong I like the 4th, but you can't buy beer with bitcoins.

False???

http://bitcoin.travel/whiskey-dicks/

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June 13, 2012, 05:45:06 AM
 #10

There are those that believe a huge increase in demand for BTC occurs around major holidays due to SR users placing escrow orders to enjoy over the holiday.  Do you think we'll see a BTC price spike approaching the 4th of July holiday?  Discuss.

Maybe on a bigger holiday, don't get me wrong I like the 4th, but you can't buy beer with bitcoins.

False???

http://bitcoin.travel/whiskey-dicks/

I went there with bitcoins and I left with all my bitcoins. Sometimes they take them though.

But I know I saw a beer store online at one point.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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June 14, 2012, 03:10:25 PM
 #11

Are we witnessing the run-up to the 4th of July bubble right now?  Will it be able to continue at this pace until July?

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June 14, 2012, 05:40:52 PM
 #12

Are we witnessing the run-up to the 4th of July bubble right now?  Will it be able to continue at this pace until July?

Yes... there is so much demand for silkroad drugs for the 4th of July that we will see the entire bitcoin economy increase in value by 10 million dollars.


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June 14, 2012, 06:02:55 PM
 #13

Are we witnessing the run-up to the 4th of July bubble right now?  Will it be able to continue at this pace until July?

Yes... there is so much demand for silkroad drugs for the 4th of July that we will see the entire bitcoin economy increase in value by 10 million dollars.

Care to give another explanation for the sudden increase?  I'm sure the nearly 20% increase in BTC price since this thread started is just a big coincidence?  Same with last New Year's Eve or leading up to April 20th of this year, right?  Also, it doesn't take much to "see the entire bitcoin economy increase in value by 10 million dollars."  It's not like someone would have to dump 10 million dollars into it...  Supply and demand friend.  Look into it.  

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SkRRJyTC
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June 14, 2012, 06:07:16 PM
 #14

Are we witnessing the run-up to the 4th of July bubble right now?  Will it be able to continue at this pace until July?

Yes... there is so much demand for silkroad drugs for the 4th of July that we will see the entire bitcoin economy increase in value by 10 million dollars.

Care to give another explanation for the sudden increase?  I'm sure the nearly 20% increase in BTC price since this thread started is just a big coincidence?  Same with last New Year's Eve or leading up to April 20th of this year, right?  Also, it doesn't take much to "see the entire bitcoin economy increase in value by 10 million dollars."  It's not like someone would have to dump 10 million dollars into it...  Supply and demand friend.  Look into it.  

Clearly its the fact the fathers day is coming up soon...
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June 14, 2012, 06:10:39 PM
 #15

Are we witnessing the run-up to the 4th of July bubble right now?  Will it be able to continue at this pace until July?

Yes... there is so much demand for silkroad drugs for the 4th of July that we will see the entire bitcoin economy increase in value by 10 million dollars.

Care to give another explanation for the sudden increase?  I'm sure the nearly 20% increase in BTC price since this thread started is just a big coincidence?  Same with last New Year's Eve or leading up to April 20th of this year, right?  Also, it doesn't take much to "see the entire bitcoin economy increase in value by 10 million dollars."  It's not like someone would have to dump 10 million dollars into it...  Supply and demand friend.  Look into it.  

Clearly its the fact the fathers day is coming up soon...

I think it may also have to do with the "summer effect."

Colleges are out of school now, they have more free time to search the internet, and more come accross bitcoin. That's what happened to me at least.
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June 14, 2012, 06:17:31 PM
 #16

Are we witnessing the run-up to the 4th of July bubble right now?  Will it be able to continue at this pace until July?

Yes... there is so much demand for silkroad drugs for the 4th of July that we will see the entire bitcoin economy increase in value by 10 million dollars.

Care to give another explanation for the sudden increase?  I'm sure the nearly 20% increase in BTC price since this thread started is just a big coincidence?  Same with last New Year's Eve or leading up to April 20th of this year, right?  Also, it doesn't take much to "see the entire bitcoin economy increase in value by 10 million dollars."  It's not like someone would have to dump 10 million dollars into it...  Supply and demand friend.  Look into it. 

Clearly its the fact the fathers day is coming up soon...

I think it may also have to do with the "summer effect."

Colleges are out of school now, they have more free time to search the internet, and more come accross bitcoin. That's what happened to me at least.
Yeah... college kids cause rallies with tens of thousands of dollars' worth of sudden buys along with $40k bidwalls creating upward pressure. As if this uptick was organic in the slightest...

(trololo)

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notme
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June 14, 2012, 06:22:40 PM
 #17

Care to give another explanation for the sudden increase?  I'm sure the nearly 20% increase in BTC price since this thread started is just a big coincidence?  Same with last New Year's Eve or leading up to April 20th of this year, right?  Also, it doesn't take much to "see the entire bitcoin economy increase in value by 10 million dollars."  It's not like someone would have to dump 10 million dollars into it...  Supply and demand friend.  Look into it.  

Care to give an explanation for the previous stability while the userbase, transaction volume, transaction size, and hashing power all grew?

What your seeing is the market finally busting out of the stranglehold the day traders had on it.  It had nothing to do with this thread, or the 4th of July.

Also, the EUR and GBP charts have been leading this rally.  I don't think the Brits are too keen on celebrating the 4th of July.  If you sell your bitcoins for GBP right now, and convert them to USD, ignoring fees you are looking at $6.12/BTC.  For EUR, you're looking at $6.06.

Real economics friend.  Look into it.

https://www.bitcoin.org/bitcoin.pdf
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Yuhfhrh
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June 14, 2012, 06:23:35 PM
 #18

Are we witnessing the run-up to the 4th of July bubble right now?  Will it be able to continue at this pace until July?

Yes... there is so much demand for silkroad drugs for the 4th of July that we will see the entire bitcoin economy increase in value by 10 million dollars.

Care to give another explanation for the sudden increase?  I'm sure the nearly 20% increase in BTC price since this thread started is just a big coincidence?  Same with last New Year's Eve or leading up to April 20th of this year, right?  Also, it doesn't take much to "see the entire bitcoin economy increase in value by 10 million dollars."  It's not like someone would have to dump 10 million dollars into it...  Supply and demand friend.  Look into it. 

Clearly its the fact the fathers day is coming up soon...

I think it may also have to do with the "summer effect."

Colleges are out of school now, they have more free time to search the internet, and more come accross bitcoin. That's what happened to me at least.
Yeah... college kids cause rallies with tens of thousands of dollars' worth of sudden buys along with $40k bidwalls creating upward pressure. As if this uptick was organic in the slightest...

I didn't mean they were doing it all, I was just adding to the list.
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June 14, 2012, 06:52:10 PM
 #19

Real economics friend.  Look into it.

I hope you come back and apologize once the upward pressure stops, probably a week before the 4th.

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notme
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June 14, 2012, 06:56:21 PM
 #20

Real economics friend.  Look into it.

I hope you come back and apologize once the upward pressure stops, probably a week before the 4th.

PM me if it does stop and I don't.

Edit: Although I won't be apologizing until we at least see how the week following the 4th plays out.  If we do have upward pressure until then, we will be long due for a correction.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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