$70 to $120 and still climbing

Heres a chart of bitcoins on Mt Gox over the past 2 months.


Clear to see there is a nice move in progress, from about $70 up above $120 less than 2 months later. But what is prompting all this buying and who is doing it?

I would venture to suggest it might be those who are in the know.. Insiders who know bitcoins will soon become a lot more valuable?

To me, with stock markets close to all time highs, bond interest rates still held low. Speculators have been chased out of precious metals. It feels very ripe for a big stock crash to me. Coming soon. Stocks down, Precious metals and bitcoins up. Have you got any yet?

Edit: Heres a couple of links which are not bitcoin related but well worth pondering




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s