Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin exploded in price
by
BTC Books
on 20/03/2013, 01:27:43 UTC
You forgot:
- Cypress
- NZ
- Italy

All three countries are planning or attempting to plan to confiscate a percentage of their citizens' savings accounts.  People in those countries are going to be fleeing the national currencies like a bat out of Hades, you just watch.

You're out of your fucking mind if you think people who would be effected by that have any idea Bitcoin exists. This is a self fulfilling price, people have an idea of what Bitcoin is worth therefore they won't let it reach below a certain point. Bitcoin has little to no practical and no tangible value. There is no reason it should be at this price.

Yeah, right.

That's why client downloads and on-line wallet installs have spiked through the roof in the past couple of days, in PIIGS and Argentina.  Because nobody in those places knows that bitcoin exists, or where to find what's needed to use it.

Uh-huh.  Very incisive thought process you've got going there...