Quote from: Xmufa23X on April 02, 2012, 01:58:16 AM

Before I start, I would like to clearly state that I know nothing about Economics.

Alright so with April 20th coming up (420), I assume business on the Silk Road is going to be a little more then usual. So I'd imagine that soon people are going to be buying up some BTC and get their 420 orders in. Just guessing here. So with that said, will this drive the value of the Bitcoin up/down in the coming weeks? I am a miner, so should I start saving up my bitcoins, and sell them in a few weeks? Or do you think 4/20/12 will even have an effect on the Bitcoin?

Thoughts?

EDIT: Fixed typos

I don't think it would affect it that much since I doubt there will be THAT much volume going through silk road (but it does seem to have gotten pretty huge). Mostly I think it will have little effect since sellers would be cashing out their coins/ having their orders hedged, which means the money would pretty much be in and out of btc, netting little effect. Though if it does have an effect I would think it would be pushing it up, some of the people buying on silk road may start using btc for other online stuff as well.