Let us suppose that there is an organized group of Bitcoin enthusiasts with a combined amount of Bitcoin holdings of around 100,000BTC. Would an article "App.net begins accepting Bitcoin" increase the BTC/USD exchange rate by more than 0.01%?
To me it seems that a continued stream of press is good for Bitcoin, and I am genuinely curious is there is such a group of enthusiasts that strategically spend Bitcoins for PR.
At this point I doubt it -- and the exchange rate fluctuates so wildly it would be heard to measure anyway. It seems to take macro scale events to move the price these days, e.g. the policy announcements by the Chinese government.
To me it seems that a continued stream of press is good for Bitcoin, and I am genuinely curious is there is such a group of enthusiasts that strategically spend Bitcoins for PR.