What happened this [past] weekend falls into the category of ‘forced errors.’ That is, those who paniced didn’t execute trades based on their own impartial information and analysis. They were baited and goaded into taking an action that, absent that act of baiting or goading, they would have not taken.
That sort of thing is wrong folks. It appears that this ‘raid’ was orchestrated by a bunch of sock puppets.
The forums have since been restricted such that new accounts cannot post in any forum other than one that was specially designated for “Newbies”. Once certain criteria has been met (e.g., minimum four hours online), a newbie is then promoted to a level with full posting privileges.
GoWest (@GoWestBTC), blogging on TheBitcoinTrader.com, shows some metrics describing where Bitcoin shined in 2012. Excerpts:
“The current market cap is actually at a peak for 2012, exceeding the spike in August. This can be attributed to the fact that tens of thousands of Bitcoins have been introduced into the economy since August.”
“These have shown steady growth over the past year: The number of items listed at Bitmit (an auction site that operates in Bitcoin), the number of users at Ogrr (an MMORPG marketplace), and the number of views of the ‘What is Bitcoin’ YouTube video.”
“Bitcoin’s top poker site, SealswithClubs, is gaining new users on a daily basis, with attendance at the tables on the rise.”
“The Bitcoin discussion on the TwoPlusTwo forums, the most popular poker discussion forum on the ‘net, has 3,000 posts and 165,000 views!”
“All-in-all, a very impressive year for Bitcoin. Here’s to an even stronger performance in 2013!”