Quote from: adamstgBit on May 17, 2013, 11:07:50 PM

Quote from: Jokah on May 17, 2013, 10:52:11 PM

I'm not a day trader but I follow the this thread (ie. the best thread to keep up to date in bitcoin and recent events) but as my spare time is limited I struggle to follow every page.

I'd just like to know what peoples opinions are on why the price is currently going up. My feeling is people buying in anticipation on what this weekends events will produce?

I'd start a separate thread but I've been lurking around here for a few years now and have learned that this thread is the best source of opinions (in my opinion Wink

).

there's a lot going on, and its all being down played by the "bad news" that the government is starting to regulate the cash flow out of bitcoin.
IMO the fact that government is taking notice is a good thing, and i see big projects in the works, with some real funding backing it up, this will have serious consequences for bitcoin.

when the FUD turns to Facts, bitcoin will blast off with more force then we have ever seen before.

For better or worse, and despite the fact that some people believe that bitcoin is impervious to government intervention, I believe that it is inevitable. Whether that ends up been good or bad is yet to be seen but the sooner it is dealt with the better.