Next headline: US Dollar tanks, cause unclear.
Seriously, these people don't even try any more. Even a cursory glance at mtgox, btcchina, and bitstamp orderbooks will tell you of the 'cause.'
Topic: 2013-11-14 SFGate: Bitcoin value skyrockets, cause unclear (Read 901 times)
Hmm, could it possibly have something to do with demand exceeding supply? Nah, couldn't be!
TIL Economics 101 is not a required class required for bona fide journalists.
Edit: I knew that already.
Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?"
TIL Economics 101 is not a required class required for bona fide journalists.
Edit: I knew that already.
Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?"
As you mentioned. There really only is two variables that would affect this.
Either a reduction in supply, or an increase in demand. In this case, I think it's fair to say that demand has dramatically increased over the past few weeks while supply has relatively remained the same.
As a number of new miners are now receiving their ASIC devices, and want to build up a stash of coins, I think the supply is diminshing together with the increasing demand from china.
Gotta love the media ostriches. 
It's a surreal thing to see journalists doubting the validity of reality, instead or questioning their own premises.
Only serves to confirm that they're actually doing a job that promotes various agendas to create reality, not to inform us about what the current reality is. Naughty, naughty journalists.
A chilling realization.
Hmm, could it possibly have something to do with demand exceeding supply? Nah, couldn't be!
TIL Economics 101 is not a required class required for bona fide journalists.
Edit: I knew that already.
Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?"
TIL Economics 101 is not a required class required for bona fide journalists.
Edit: I knew that already.
Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?"
As you mentioned. There really only is two variables that would affect this.
Either a reduction in supply, or an increase in demand. In this case, I think it's fair to say that demand has dramatically increased over the past few weeks while supply has relatively remained the same.
Hmm, could it possibly have something to do with demand exceeding supply? Nah, couldn't be!
TIL Economics 101 is not a required class required for bona fide journalists.
Edit: I knew that already.
Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?"
TIL Economics 101 is not a required class required for bona fide journalists.
Edit: I knew that already.
Effing SFGate will probably try to blame Romney, Soros, or the Koch Bros for it. Tomorrows headline: "Are the rich depriving the poor of their fair share of Bitcoins?"
It's a surreal thing to see journalists doubting the validity of reality, instead or questioning their own premises.
Only serves to confirm that they're actually doing a job that promotes various agendas to create reality, not to inform us about what the current reality is. Naughty, naughty journalists.
Only unclear to people whose worldview is based on bogus assumptions. Plenty of people on this forum have understood the value of Bitcoin quite clearly for several years.
I suppose if educational institutions and the mainstream media for 100 years pushed the idea that gravity was a repellent force, it would also be unclear to the writer why people are unnaturally glued to the ground
It's a surreal thing to see journalists doubting the validity of reality, instead or questioning their own premises.
I suppose if educational institutions and the mainstream media for 100 years pushed the idea that gravity was a repellent force, it would also be unclear to the writer why people are unnaturally glued to the ground
It's a surreal thing to see journalists doubting the validity of reality, instead or questioning their own premises.
http://www.sfgate.com/business/article/Bitcoin-value-skyrockets-cause-unclear-4983853.php
Yet another ATH WTF head scratcher...
Yet another ATH WTF head scratcher...
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