Originally Posted by Agent 488

http://www.dailytech.com/Digital+Bla...ticle21877.htm
The bottom line is that several things are clear from today's trading.

1. The Bitcoin market endured its first digital equivalent of a "bank rush" with people rushing to exchange their BTC for U.S. Dollars.
2. People have a large amount of money -- millions of USD sunk into Bitcoins lost big in the flash crash.
3. Unlike modern markets, which automatically close to prevent massive inflation, the digital Bitcoin markets stayed open.
4. Something major is moving the Bitcoin market in a sharp inflationary direction, in contrast to the predict deflationary trend