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Topic: bitcoin price spike due to us dollar falling against asian currency? (Read 915 times)

hero member
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^SEM img of Si wafer edge, scanned 2012-3-12.
For more info on this, see https://bitcointalk.org/index.php?topic=49264.20
Specifically page 2 and onwards, I have drawn the trendlines in a variety of ways, and explained what they indicate.
hero member
Activity: 955
Merit: 1002
bitcoin price spike due to us dollar falling against asian currency?

as us dollar has been falling this few days, thus the price of bitcoin has increased, i suspect



Yeah but bitcoin has increased over 50%, which is far above these changes. Bitcoin has broken the long term downward trend (depending how you draw the trend lines) , which has given people confidence again.
zby
legendary
Activity: 1594
Merit: 1001
It's just retracting the 70% of the jump down - just like in all previous cases:
full member
Activity: 160
Merit: 100
bitcoin price spike due to us dollar falling against asian currency?

as us dollar has been falling this few days, thus the price of bitcoin has increased, i suspect

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