As I heard the Bitcoin bubble started around April 2011 due to an article on Bitcoin in some news website. What article started the Bitcoin bubble?
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This question is speculative. Fun discussion, but not really answerable.– lemongingerMay 15, 2012 at 5:05
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1@lemonginger When asking this question I thought the answer would be more straightforward...– ThePiachuMay 15, 2012 at 7:12
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See also (not a duplicate): Effect of media coverage on the exchange rate?– unorJul 11, 2013 at 11:19
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6 Answers
Press inquiries to me really picked up after the Forbes article came out in the print edition of that magazine. I think that "mainstream press" mention started the publicity avalanche that fueled the bubble, although I'm a pattern-matching monkey like everybody else so take my opinion with a big grain of salt.
There were events that coincided with Bitcoin's rapid ascent, but not necessarily does that mean those events caused the bubble.
Jason Calacanis' "Most dangerous open source project ever" post was one such time where the price spiked at the same time.
Jerry Brito's article raised some good attention and subsequent coverage in Forbes didn't hurt either.
The real catalyst that got things started in Spring 2011 though was February's Security Now podcast with Steve Gibson.
answered May 5, 2012 at 19:13
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A question related to "where the price spiked at the same time": bitcoin.stackexchange.com/q/12125/4975– unorJul 11, 2013 at 11:15
they started spamming Bitcoin-threads on 4chan's technology board. then the bitcoin prices started to rise. after the spike no one ever mentioned bitcoins again on 4chan. /job done/
personally i think they reached currency speculators through 4chan (they also talk about finance, financing options and how much money they make through trading) and as a currency speculator, you know the weak spots of money.
I thought it was "Underground Website Lets You Buy Any Drug Imaginable" in wired.com's "Threat Level" on June 1, 2011 that triggered the bubble. The bubble really started just after that date.
answered May 6, 2012 at 3:35
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That was also my impression. Not a positive spin, but certainly an engaging one. May 6, 2012 at 3:38
A Slashdotting of BitcoinJ is the first time that I personally saw Bitcoin mentioned anywhere ... and with a Google Engineer behind it.
answered May 5, 2012 at 18:40
This was a big one that probably didnt start it, but fueled it and kept it going, http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/
