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Topic: Why $17? Because this is happening... - page 6. (Read 9142 times)

legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
January 23, 2013, 03:34:16 PM
#16
I wouldn't be surprised if the non-negative commentary on bitcoin in zerohedge a month or so ago attracted some bigger whales.
full member
Activity: 144
Merit: 101
January 23, 2013, 03:22:26 PM
#15
The $17 mark is because one guy suddenly spent hundreds of thousands on coins in the last few days.

Source?

And if true, then why did he do it? Like anyone who is actually paying attention to this thing, perhaps he realized that Bitcoin has proven itself and is now starting to make inroads outside the Bitcoin community.

Right, it's not necessarily a bad thing to have one entity purchase a large amount of coins. The following "source" is not really credible proof I suppose, but just by looking at the charts for the last few days, you can see that the price increases were driven by a select few gigantic purchases.
hero member
Activity: 561
Merit: 500
January 23, 2013, 02:49:14 PM
#14
From gogreensolar.com:

We are working with our shopping cart provider to integrate Bitcoin for a seamless checkout process.  We appreciate your patience and understanding in the mean time. (You can also give Shopify a prod if you'd like to see this supported in their software!)

This is a great opportunity for someone with some technical skills. Create a Shopify app that integrates Bitcoin payment.

http://apps.shopify.com/

Charge a modest monthly fee for Shopify customers to use it. Programmer creates an income stream, and lots of Shopify-powered stores suddenly have an easy bitcoin option.

Repeat the formula for Magento, BigCommerce, etc.
newbie
Activity: 34
Merit: 0
January 23, 2013, 02:48:40 PM
#13
Good point. Hope the whole world follows suit  Roll Eyes
legendary
Activity: 2324
Merit: 1125
January 23, 2013, 02:27:16 PM
#12
If I were the CEO of a medium to large company planning to accept Bitcoin I would (as the company) start by buying a lot of them cheaply in the months before I would announce it.
legendary
Activity: 1458
Merit: 1006
January 23, 2013, 02:22:58 PM
#11
The $17 mark is because one guy suddenly spent hundreds of thousands on coins in the last few days.

Source?

And if true, then why did he do it? Like anyone who is actually paying attention to this thing, perhaps he realized that Bitcoin has proven itself and is now starting to make inroads outside the Bitcoin community.

Maybe this: https://bitcointalksearch.org/topic/2013-01-18-forexmagnatescom-q4-2012-forex-magnates-report-now-available-137203

(Forex Magnates coverage of Bitcoin)
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
January 23, 2013, 02:19:53 PM
#10
The $17 mark is because one guy suddenly spent hundreds of thousands on coins in the last few days.

Source?

And if true, then why did he do it? Like anyone who is actually paying attention to this thing, perhaps he realized that Bitcoin has proven itself and is now starting to make inroads outside the Bitcoin community.
newbie
Activity: 24
Merit: 0
January 23, 2013, 02:06:01 PM
#9
The $17 mark is because one guy suddenly spent hundreds of thousands on coins in the last few days.

Indeed a wise investor has found bitcoin
full member
Activity: 144
Merit: 101
January 23, 2013, 01:59:22 PM
#8
The $17 mark is because one guy suddenly spent hundreds of thousands on coins in the last few days.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
newbie
Activity: 24
Merit: 0
January 23, 2013, 01:12:31 PM
#4
Price is irrelevant, bitcoin's mainstream adoption is priceless. Utility FTW!
legendary
Activity: 1552
Merit: 1047
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 23, 2013, 01:08:25 PM
#2
Which website was this from Erik?
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
January 23, 2013, 01:05:03 PM
#1
All the talk about why the rally is happening. In my opinion, it is simple. Because this is happening on websites...



The fact that you don't know which site I pulled this from proves my point Wink
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