When the Winklevoss decided to acquire 1% of Bitcoin in the early days, it sent the price skyrocketing, right?
I need to try to find the speculation threads of when that was happening. I'm sure early fans were freaking out and discussing technicals and all manner of irrelevant signals. Meanwhile what was actually happening was some whale had decided to acquire a huge stake and the market felt it.
Also, perhaps a meteoric rise is actually possible, since I am one of the biggest bulls out there and even I think a rise to .005 would be ridiculous by summer. It's when no one expects it that price goes to Alpha Centauri.
I need to try to find the speculation threads of when that was happening. I'm sure early fans were freaking out and discussing technicals and all manner of irrelevant signals. Meanwhile what was actually happening was some whale had decided to acquire a huge stake and the market felt it.
Also, perhaps a meteoric rise is actually possible, since I am one of the biggest bulls out there and even I think a rise to .005 would be ridiculous by summer. It's when no one expects it that price goes to Alpha Centauri.
I read they started buying at $9, so that would be around summer 2012. The price was then stable around $10-13 for months after that, there was even some uncertainty in the air because of the pirateat40 scam coming undone. Nobody was sure what would happen when the block reward halved, people saying it was already priced in, etc. Certainly their buying took a lot of BTC off the table, but there were a lot of people quietly buying at that time...it was a good time!
