Post
Topic
Board Speculation
Topic OP
Rally from $65 to 95 caused by Satoshi Dice acquisition
by
ilovedragons
on 25/07/2013, 19:12:43 UTC
Assumptions:
  • Acquiring party needed to amass >100k BTC from somewhere(s) to make the acquisition, i.e. they were not an early investor in BTC

Evidence:
  • Timing of rally and then Satoshi Dice acquisition might match up
  • Rally from those price points has been described as "unnatural" by some people
  • MtGox order book has been borked ever since, ~50k BTC disappearing from the order book like magic, never to return
  • www.oprah.com

Implications:
  • The rally was indeed unnatural and we will be returning to $65/BTC once BTC supply has a chance to catch up.

Anyway I'm gonna go back to playing Civilization II now because this current market is boring as all hell.