Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
hdbuck
on 08/02/2015, 18:57:56 UTC
Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.

correct. I keep pointing it out myself, but people don't listen to reason a lot these days.
Why do people call it an April rally?

It started in January and ended in April.

People also blame MtGox for the crash from $266. Whereas gox went down afterwards, when it was about $125,  and after their outage the price continued from that level.

Well i'd blame Mtgox for the 1250$ bubble. Both rise and crash.

Besides, I agree that it is not cyprus itself that 'caused' the jan-april surge, but i figured it is the context that matters.
Such econmical crisis should provide solid ground for the pumpers to get active behind the curtains..