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Not being fluent in the ins and outs of bitcoin: what is driving this? Is it pure speculation? Are more people trying to get in on the BTC wagon (riding the C
by crazytony 14y ago
Not being fluent in the ins and outs of bitcoin: what is driving this? Is it pure speculation? Are more people trying to get in on the BTC wagon (riding the Cyprus wave)?
- IgorPartola 14y agoNobody really knows. The common thought is that as more merchants start accepting BTC, it becomes more viable as a stand-alone currency and therefore more valuable. Facts seem to contradict this theory as 40% overnight growth cannot represent a 40% growth in the BTC economy. Thus either we undervalued BTC all along, or it is against bubble.
- gnu8 14y agoYes.
- Nursie 14y agoSpeculation. There doesn't seem to be any evidence that (in the world of BTC) the Cyprus situation has triggered anything other than rampant speculation by non-cypriot libertarians who already distrust central banks and now have a boogeyman to point at.
- Egregore 14y agoWhat was driving the price of gold for the past decade?