Quote from: MGUK on November 18, 2013, 02:06:02 PM

Quote from: moderate on November 18, 2013, 01:37:54 PM

Quote from: ripple on November 18, 2013, 12:56:07 PM

The price has been rising at a magnificent rate proving Bitcoins are in huge demand around the world.

I'm interested in knowing about this sudden huge demand, can you explain it? I certainly cannot understand why it is raising $100 each couple days.

Nobody can explain it. Some will say the chinese discovering it (to them, I would say, what happened when the West discovered it in 2011...?) others say it's with silkroad being gone (to them I would say: why is a few hundred million dollars worth of bitcoin not being spent yearly a good thing?)

Some will say it's hype, a rise in value without anything to back it up. People getting excited for no reason. Sort of like what happen in a bubble....

Make your own mind up. Don't take what anyone says as fact without learning why.

I'd say the silkroad bust increased illegal business on TOR, the news reached many people that probably didn't know TOR stuff existed. Then with minimal effort, they can proceed to find other market place such as "sheep market" or BMR.