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Bitcoin up 166% over the past month

• joezydeco 13y ago
  China. Some have noted that the rate just crossed ¥2000. http://www.forbes.com/sites/kashmirhill/2013/11/08/from-walmart-to-bitcoin-the-ceo-behind-the-chinese-exchange-sending-bitcoin-to-new-highs/ http://www.forbes.com/sites/kashmirhill/2013/11/08/from-walm...
• wglb 13y ago
  Perhaps because it is the first half of another up/down swing?
  • oleganza 13y ago
    If this bubble "crashes" into $1000, it's a good news to many people. This spring it went $14->$266->$100, this time it started at $140 and thus can easily go to $1000 or $2000.
    • wglb 13y ago
      Then that would make $2000 the midpoint of an even bigger up/down pattern.
      • oleganza 13y ago
        In relative terms it can be the same. If it just repeats history (most probably it won't), the price goes to $2660 and then stabilises around $1000.
• nnash 13y ago
  I'm assuming this was all triggered by the DPR/Silk Road bust and subsequent seizure of 30M USD in bitcoins.