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Author Topic: Move from $5 to $10  (Read 892 times)
ARapalo
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September 09, 2012, 02:11:45 AM
 #1

I've been out of bitcoin for a couple months, just came back to it now. When I left, BTC was at $5 for a looong time, and now I find out it shot up to over $10/BTC within a week or two. Any reason for this? Some investor got back into the game temporarily?
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Rothgar
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September 09, 2012, 02:21:58 AM
 #2

There are two reasons actually.  Demand and supply. 

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adamstgBit
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September 09, 2012, 02:25:08 AM
 #3

it took more like 3 months

the reason is everyone thought there was 21,000,000 BTCs but then they found out their was only 10,000,000 BTCs  Tongue

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September 09, 2012, 05:31:30 AM
 #4

Thousands of people trade bitcoins and the price stays the same, but when there's a huge move it's always one person, that's just the only thing that makes sense. I mean two (or more?!) people at the same time (same time like summer, you know) deciding they want more? Unpossible.



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