Author

Topic: Today's Surge (Read 487 times)

newbie
Activity: 31
Merit: 0
February 19, 2013, 01:10:54 PM
#5
But then why wasn't the spike on Monday?

Bank holiday in the U.S.?

Two to three business days for funds to clear transfer in other parts of the world?

+1 to the bank holiday.  I think demand lags news in some ways as well since many of the means for newcomers to buy bitcoins requires a week or more of verifications and transfers.  Coinbase has limits.  Mtgox has a verification period and if you're buying via Dwolla you need to get set up there.  etc.
sr. member
Activity: 504
Merit: 250
February 19, 2013, 01:02:35 PM
#4
when we pass 32, everybody bought their Bitcoins at a lower price. No more regrets.
legendary
Activity: 3472
Merit: 4801
February 19, 2013, 12:58:03 PM
#3
But then why wasn't the spike on Monday?

Bank holiday in the U.S.?

Two to three business days for funds to clear transfer in other parts of the world?
member
Activity: 215
Merit: 11
February 19, 2013, 12:49:01 PM
#2
Lots of news about bitcoin paired with an artificial spike to take advantage of newcomers.
member
Activity: 60
Merit: 10
February 19, 2013, 12:45:56 PM
#1
What do you think is the main cause for today's surge in price?

I think it's due to last week's news about Mega accepting bitcoins (through one of their resellers). Now that the weekend is over people's bank transfers have started to go through and they're buying all they can. But then why wasn't the spike on Monday?
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