Quote from: nebulus on April 24, 2013, 01:59:41 PM

Quote from: lebing on April 24, 2013, 01:52:52 PM

Quote from: nebulus on April 24, 2013, 01:51:39 PM

Not sure if this is bad or good news...

how could it possibly be bad news?

If they buy up a lot of volume @ mtgox, price drops. (Refer to two weeks back for a similar scenario). The budget that PayPal works with is in the ballpark of what can be used to manipulate the market at this point of time. Also, I doubt they give two shits about the whole BTC world. It's better for them to cause the price drop because they can buy everyone out.

Nebulus what would suggest that what happened two weeks ago would cause a market value decrease? Simple supply and demand would suggest if the supply of bitCoin drops, especially on a market exchange, the value would go up dramatically. Then then the market would see massive amounts off sell of because of the high driven value, followed by a peak low because such a high volume sold coin and thus increased supply again.

If the logic behind that is incorrect please correct it. I'm here to learn after all.