Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 06/10/2015, 17:37:52 UTC
the xt/core tension took us down from the 300ish we were at during the greek hype.

Looking at the 1d charts, I see a bubble from ~230 to ~290 that started when many bitcoiners believed that the Greek would rush to bitcoin as a way to escape devaluation /  confiscation / currency controls / etc.  That bubble neatly and completely deflated, bringing the price back to ~230, when the crisis got resolved and it became clear that the Greek wanted euros, not bitcoins.

I bet that very few bitcoiners -- probably less than 50'000 -- are aware of the block size war, and even fewer understand the issue and/or see it as a risk factor for the price of bitcoin.  I bet that the proportion is even smaller among the day traders who set the price.  (How many of the gold fund speculators are aware of the state of the gold mining and recovery industries?)