Topic: April 20th (Read 3152 times)
Well, he was right. Maybe 4/20 wasn't the reason but something happened
getting hiiiiigghhh 
Gettin highhhhh and buying 1000s of bitcoinsssss for SR
THIS ^^ .... up and up
getting hiiiiigghhh
Gettin highhhhh and buying 1000s of bitcoinsssss for SR
getting hiiiiigghhh
Happy 4/20!!
yep, its a gringo thing
is this a gringo thing? Because I have no idea whats on the 20st of April.
Could somebody pls enlighten me?
Could somebody pls enlighten me?
http://en.wikipedia.org/wiki/420_(cannabis_culture)
Google is your friend.
is this a gringo thing? Because I have no idea whats on the 20st of April.
Could somebody pls enlighten me?
Could somebody pls enlighten me?
It boggles my mind that people still think it's just stoners buying Bitcoin when we have bidwalls on MtGox of $190k USD.
Last time I put up a bid wall like that I was very stoned
ha awesome
Before I start, I would like to clearly state that I know nothing about Economics.
Alright so with April 20th coming up (420), I assume business on the Silk Road is going to be a little more then usual. So I'd imagine that soon people are going to be buying up some BTC and get their 420 orders in. Just guessing here. So with that said, will this drive the value of the Bitcoin up/down in the coming weeks? I am a miner, so should I start saving up my bitcoins, and sell them in a few weeks? Or do you think 4/20/12 will even have an effect on the Bitcoin?
Alright so with April 20th coming up (420), I assume business on the Silk Road is going to be a little more then usual. So I'd imagine that soon people are going to be buying up some BTC and get their 420 orders in. Just guessing here. So with that said, will this drive the value of the Bitcoin up/down in the coming weeks? I am a miner, so should I start saving up my bitcoins, and sell them in a few weeks? Or do you think 4/20/12 will even have an effect on the Bitcoin?
Turns out he was right. 4/20 ftw!
I vote no. Nothing much happened last time there was going to be massive trading on SR.
https://bitcointalksearch.org/topic/silk-road-sale-btc-explosion-62365
https://bitcointalksearch.org/topic/silk-road-sale-btc-explosion-62365
Didn't noticed that, thanks to your post.
I don't think April 20th has the same effect that December 31st has, but I don't doubt there will be increased buying pressure. Just wait until the block reward halves right before New Year's Eve this year.
I don't think many people are waiting for that to happen. I'm guessing that event's already been priced in by a lot of people. I voted 'yes', by the way, in my own thread.
I don't think April 20th has the same effect that December 31st has, but I don't doubt there will be increased buying pressure. Just wait until the block reward halves right before New Year's Eve this year.
I don't want to predict either way. However, do bear this in mind:
Every buyer needs a seller. For there to be a price boost from an SR boost would need a lot of buyers who currently have dollars and a lot of sellers who will keep bitcoins instead of trading back to dollars.
Otherwise it's just: buyer buys bitcoins with dollars -> btc price rises slightly -> seller accepts btc for drugs -> seller sells btc for dollars -> btc price falls slightly.
I think the point was that there is a period of several days in which the seller cannot cash out his coins because the funds are within an escrow service. Every buyer needs a seller. For there to be a price boost from an SR boost would need a lot of buyers who currently have dollars and a lot of sellers who will keep bitcoins instead of trading back to dollars.
Otherwise it's just: buyer buys bitcoins with dollars -> btc price rises slightly -> seller accepts btc for drugs -> seller sells btc for dollars -> btc price falls slightly.
I don't want to predict either way. However, do bear this in mind:
Every buyer needs a seller. For there to be a price boost from an SR boost would need a lot of buyers who currently have dollars and a lot of sellers who will keep bitcoins instead of trading back to dollars.
Otherwise it's just: buyer buys bitcoins with dollars -> btc price rises slightly -> seller accepts btc for drugs -> seller sells btc for dollars -> btc price falls slightly.
Every buyer needs a seller. For there to be a price boost from an SR boost would need a lot of buyers who currently have dollars and a lot of sellers who will keep bitcoins instead of trading back to dollars.
Otherwise it's just: buyer buys bitcoins with dollars -> btc price rises slightly -> seller accepts btc for drugs -> seller sells btc for dollars -> btc price falls slightly.
It boggles my mind that people stoners still think it's just stoners buying Bitcoin when we have bidwalls on MtGox of $190k USD.
FTFY. Hard to know the direct economic impact of SR, but the publicity from it has been tremendous.
All signs point to UP!
Bring on the green!
Bring on the green!
It boggles my mind that people still think it's just stoners buying Bitcoin when we have bidwalls on MtGox of $190k USD.
OP is new. its understandable he thought Maybe 420 would have an impact on demand and price...
420 is a very small variable in a very large equation.
in any case 420 or not, up we go!
8$ any day now
So it looks like whether or not 420 affects anything, it's likely the Bitcoin will be going up in the coming weeks?in any case 420 or not, up we go!
8$ any day now
never ending bull run.... this is bitcoin
It boggles my mind that people still think it's just stoners buying Bitcoin when we have bidwalls on MtGox of $190k USD.
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