Bitcoin Forum
August 15, 2018, 03:39:01 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: Move from $5 to $10  (Read 897 times)
Offline Offline

Activity: 92
Merit: 10

View Profile
September 09, 2012, 02:11:45 AM

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?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Hero Member
Offline Offline

Posts: 1534304341

View Profile Personal Message (Offline)

Reply with quote  #2

Report to moderator
Sr. Member
Offline Offline

Activity: 374
Merit: 250

Tune in to Neocash Radio

View Profile WWW
September 09, 2012, 02:21:58 AM

There are two reasons actually.  Demand and supply. 

You're welcome.   Grin

Visit for the premier weekly bitcoin podcast.
Follow neocashradio on twitter.
Offline Offline

Activity: 1904
Merit: 1002

Trusted Bitcoiner

View Profile WWW
September 09, 2012, 02:25:08 AM

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

Offline Offline

Activity: 1246
Merit: 1001

Strength in numbers

View Profile WWW
September 09, 2012, 05:31:30 AM

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.

Play Bitcoin Poker at We're active and open to everyone.
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!