HI just find it a bit amazing that people are willing to pay 119 for 1 bitcoin with all these exchanges being shut and DDos'ing and hacking and considering how difficult it is to even buy the thing.
Sometimes forbidden fruit tastes sweeter.
But seriously, I was wondering today how much the surge in price over the last 24 hours is due to more people trading on Gox because they were forced there by the closure of other exchanges. I haven't thought too long about it but if you have more buyers forced into an exchange it could increase demand enough to raise the price. But this jump seems to be more than that. Another alternative is once we hit $100 all of the people on the sideline waiting for the green light decided it was time to get back on.