Underappreciated fact about Bitcoin: prices tend to surge when the Bitcoin economy suffers unexpected disruption to their access to money.
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This caused the price of BTC to explode, and was probably the main factor causing the price of BTC to explode in late 2013.
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So when you see the runup, hypotheses can include "Bitcoin is now used for legitimate transactions.", "Capital inflows up.", or "Tomfoolery"
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I don't understand... people who had just lost a ton of BTC immediately bought a bunch more?
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This was before it was widely confirmed that Mt. Gox had suffered a crippling loss of money and Bitcoin.
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I'm pretty sure this at Bitfinex started the current bubble, partic. with the fresh "USD" from BFX tokens.
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