Quote from: eleuthria on May 12, 2012, 02:43:02 AM

Quote from: jjshabadoo on May 12, 2012, 12:58:04 AM

This is bullshit, why the hell isn't bitcoin following the basic laws of supply and demand ?

What the hell is going on with the hashrate ? It can't be FPGA's yet and why the hell would people be throwing money at GPU's right now?

just weird.

Supply: 7,200 BTC/day
Mt.Gox Daily Volume: Normally around 50k/day (30 day volume of 1,570,000)

Supply has very little to do with the price.

If miners decide to go long with their coin because they feel current exchange rates won't provide enough profit, then supply could be affected. Probably marginally, even if all miners go long, but there could still be a significant effect if a more people join the economy and demand rises.