Bitcoin Forum

Economy => Speculation => Topic started by: lebing on March 23, 2013, 07:24:16 AM



Title: LOL at the sellers
Post by: lebing on March 23, 2013, 07:24:16 AM
http://i.imgur.com/5MPS3wK.png

The search, which usually just peters along breaking records by a few % each day, just broke the record by 30%. Watch the fuck out next week.


Title: Re: LOL at the sellers
Post by: Herodes on March 23, 2013, 07:45:24 AM
http://i.imgur.com/5MPS3wK.png

The search, which usually just peters along breaking records by a few % each day, just broke the record by 30%. Watch the fuck out next week.

Where's that from ? Google ?


Title: Re: LOL at the sellers
Post by: lebing on March 23, 2013, 07:45:51 AM
http://i.imgur.com/5MPS3wK.png

The search, which usually just peters along breaking records by a few % each day, just broke the record by 30%. Watch the fuck out next week.

Where's that from ? Google ?

Yep http://www.google.com/trends/explore#cat=0&q=buy%20bitcoin,blockchain,buy%20bitcoins&geo=&date=today%203-m&gprop=&cmpt=q


Title: Re: LOL at the sellers
Post by: Ichthyo on March 23, 2013, 07:47:05 AM
indeed.

Its funny to watch people waiting exactly for the weekend, in order to sell off coins in chunks of 200 pieces. They could do the same during the week with 10% better prices, and 200 pieces won't succeed with manipulating this market.


Title: Re: LOL at the sellers
Post by: Brushan on March 23, 2013, 07:50:09 AM
http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins (http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins)

What about this?


Title: Re: LOL at the sellers
Post by: lebing on March 23, 2013, 07:57:10 AM
http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins (http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins)

What about this?

Well since we cant actually see the figures, you cant tell for sure - but just by logic it would seem pretty silly for someone to actually search for selling bitcoins once they already own them (you already know where to exchange them...). So yes, it would increase in correspondence, but the actual number I'm guessing is roughly 1/50th to 1/100th of what the buy side sees.


Title: Re: LOL at the sellers
Post by: Herodes on March 23, 2013, 07:58:23 AM
AFAIK, google search trends are delayed, so they're not a good indicator of how the price will develop, if anything, the price is a good indicator for how the google search trend will develop..


Title: Re: LOL at the sellers
Post by: lebing on March 23, 2013, 08:03:58 AM
AFAIK, google search trends are delayed, so they're not a good indicator of how the price will develop, if anything, the price is a good indicator for how the google search trend will develop..

They are a developing indicator because they show how much NEW interest there is in purchasing. The price will naturally follow this and you can correlate it quite well if you look back historically.

Yes, the results are delayed 48 hours. But that doesn't really matter because it usually takes 3-5 days for wire transfers to hit mtgox anyway.


Title: Re: LOL at the sellers
Post by: Brushan on March 23, 2013, 08:11:01 AM
http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins (http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins)

What about this?

Well since we cant actually see the figures, you cant tell for sure - but just by logic it would seem pretty silly for someone to actually search for selling bitcoins once they already own them (you already know where to exchange them...). So yes, it would increase in correspondence, but the actual number I'm guessing is roughly 1/50th to 1/100th of what the buy side sees.

Yeah i know. But i had nothing to do so i thought let's look at how many are searching for selling bitcoins. What made me a little worried was that there were 2 big spikes, 1 in June -11 and one right now in March.


Title: Re: LOL at the sellers
Post by: zby on March 23, 2013, 08:14:08 AM
http://i.imgur.com/5MPS3wK.png

The search, which usually just peters along breaking records by a few % each day, just broke the record by 30%. Watch the fuck out next week.

The problem is that this means money on exchanges no earlier then a week from now - and in the mean time a bear market can set up.  In exactly the same way the bear market in 2011 started - the searches also skyrocketed then.

That said - I am buying back this weekend.


Title: Re: LOL at the sellers
Post by: Monster Tent on March 23, 2013, 09:33:25 AM
http://i.imgbox.com/abpnlbG6.png


 :)


Title: Re: LOL at the sellers
Post by: sgbett on March 23, 2013, 09:41:12 AM
http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins (http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins)

What about this?

What about it?
http://i.imgur.com/nbHOGLi.png (http://www.google.se/trends/explore#q=sell%20bitcoin%2C%20sell%20bitcoins%2C%20buy%20bitcoin&cmpt=q)


Title: Re: LOL at the sellers
Post by: proudhon on March 23, 2013, 09:54:48 AM
lol, party is over.  Years long downtrend in place now. 


Title: Re: LOL at the sellers
Post by: tutkarz on March 23, 2013, 10:10:37 AM
lol, party is over.  Years long downtrend in place now. 
can i have your coins?


Title: Re: LOL at the sellers
Post by: Bowjob on March 23, 2013, 10:12:43 AM
lol, party is over.  Years long downtrend in place now. 

Guys, you know what this means... Buy!


Title: Re: LOL at the sellers
Post by: seldon on March 23, 2013, 10:13:23 AM
lol, party is over.  Years long downtrend in place now. 

Alright everyone - proudhon called it, we're safe now!


Title: Re: LOL at the sellers
Post by: The-Real-Link on March 23, 2013, 10:15:18 AM
lol, party is over.  Years long downtrend in place now. 

What are you doing posting here, Proud?  Go by some coin!  ;)


Title: Re: LOL at the sellers
Post by: proudhon on March 23, 2013, 10:18:52 AM
lol, party is over.  Years long downtrend in place now. 

What are you doing posting here, Proud?  Go by some coin!  ;)

I'm waiting for the much lower prices that are on the way.  Seriously feel bad for all the Euro folks who bought recently thinking this was a good way to protect value.


Title: Re: LOL at the sellers
Post by: Kupsi on March 23, 2013, 10:43:28 AM
I believe yesterday was a new all time high in bitcoin wikipedia views  :D

http://stats.grok.se/en/201303/bitcoin


Title: Re: LOL at the sellers
Post by: Nikolaj06 on March 23, 2013, 12:02:36 PM
I believe yesterday was a new all time high in bitcoin wikipedia views  :D

http://stats.grok.se/en/201303/bitcoin

Oh that's actually a quite nice indicator :) and yes, it's even around 60% higher than the previous high in June 2011!


Title: Re: LOL at the sellers
Post by: thefiniteidea on March 23, 2013, 12:11:18 PM
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q (http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q)

Yeah, we've got a ways to go...

$1000 BTC, easily  :D


Title: Re: LOL at the sellers
Post by: lebing on March 23, 2013, 12:43:36 PM
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q (http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q)

Yeah, we've got a ways to go...

$1000 BTC, easily  :D

Am I old if I dont know what Pikachu is?


Title: Re: LOL at the sellers
Post by: Spaceman_Spiff on March 23, 2013, 12:44:12 PM
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q (http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q)

Yeah, we've got a ways to go...

$1000 BTC, easily  :D

Am I old if I dont know what Pikachu is?

Not young anyway


Title: Re: LOL at the sellers
Post by: Wardan_reloadeD on March 23, 2013, 01:23:10 PM
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q (http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q)

Yeah, we've got a ways to go...

$1000 BTC, easily  :D

Am I old if I dont know what Pikachu is?

https://www.bitmit.net/en/item/17775-japanese-pokemon-cards-pikachu-raichu-set


Title: Re: LOL at the sellers
Post by: lebing on March 23, 2013, 01:24:09 PM
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q (http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q)

Yeah, we've got a ways to go...

$1000 BTC, easily  :D

Am I old if I dont know what Pikachu is?

https://www.bitmit.net/en/item/17775-japanese-pokemon-cards-pikachu-raichu-set

Ok so not old, just not japanese. I can live with that.  ;D


Title: Re: LOL at the sellers
Post by: chrsjrcj on March 23, 2013, 01:25:48 PM
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q (http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q)

Yeah, we've got a ways to go...

$1000 BTC, easily  :D

Am I old if I dont know what Pikachu is?

https://www.bitmit.net/en/item/17775-japanese-pokemon-cards-pikachu-raichu-set

Ok so not old, just not japanese. I can live with that.  ;D

It was big in America about 15 years ago. I remember as a kid everyone obsessing over it and Digimon.


Title: Re: LOL at the sellers
Post by: Spaceman_Spiff on March 23, 2013, 01:27:49 PM
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q (http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q)

Yeah, we've got a ways to go...

$1000 BTC, easily  :D

Am I old if I dont know what Pikachu is?

https://www.bitmit.net/en/item/17775-japanese-pokemon-cards-pikachu-raichu-set

Ok so not old, just not japanese. I can live with that.  ;D

It was big in America about 15 years ago. I remember as a kid everyone obsessing over it and Digimon.

Europe too


Title: Re: LOL at the sellers
Post by: phelix on March 23, 2013, 02:18:13 PM
lol, party is over.  Years long downtrend in place now.  

What are you doing posting here, Proud?  Go by some coin!  ;)

I'm waiting for the much lower prices that are on the way.  Seriously feel bad for all the Euro folks who bought recently thinking this was a good way to protect value.

Proudhon, you have jumped the shark. Nobody is taking you seriously any more.

Buy at least a hand full of coins at the next dip so that you can feel a little warmth in your heart again.  ;D


Title: Re: LOL at the sellers
Post by: siulynot on March 23, 2013, 02:23:05 PM
I saw the wall movement... this is not a normal market.

One person put walls from $55 to $64 where he planted a 4kbtc

When asks began to reach the wall and didnt get scared of a 4kbtc wall he just market bought everything to $69.

This rally is being maintained by a few perma bulls that are more scared that anyone.

Its a one man band bringing confidence to everyone, i hope he doesnt get agitated.


Title: Re: LOL at the sellers
Post by: BitPirate on March 23, 2013, 05:48:32 PM
I saw the wall movement... this is not a normal market.

One person put walls from $55 to $64 where he planted a 4kbtc

When asks began to reach the wall and didnt get scared of a 4kbtc wall he just market bought everything to $69.

This rally is being maintained by a few perma bulls that are more scared that anyone.

Its a one man band bringing confidence to everyone, i hope he doesnt get agitated.

Sounds exactly the same as the way the sellers operate at high prices. TBH the sell walls look even more manipulative.


Title: Re: LOL at the sellers
Post by: smoothie on March 23, 2013, 08:29:31 PM
lol, party is over.  Years long downtrend in place now. 

What are you doing posting here, Proud?  Go by some coin!  ;)

I'm waiting for the much lower prices that are on the way.  Seriously feel bad for all the Euro folks who bought recently thinking this was a good way to protect value.

And we all feel sorry for you when you sold most of your coins < $10.

 :D


Title: Re: LOL at the sellers
Post by: chriswilmer on March 23, 2013, 08:36:03 PM
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q (http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20blockchain%2C%20buy%20bitcoins%2C%20bitcoin%2C%20pikachu&date=today%203-m&cmpt=q)

Yeah, we've got a ways to go...

$1000 BTC, easily  :D

Awesome, we've reached pikachu-search-parity!  :)


Title: Re: LOL at the sellers
Post by: Draino on March 23, 2013, 09:47:50 PM
I saw the wall movement... this is not a normal market.

One person put walls from $55 to $64 where he planted a 4kbtc

When asks began to reach the wall and didnt get scared of a 4kbtc wall he just market bought everything to $69.

This rally is being maintained by a few perma bulls that are more scared that anyone.

Its a one man band bringing confidence to everyone, i hope he doesnt get agitated.

wow, that's quite a botnet they must be running to manipulate that many metrics of interest/users of bitcoin to coincide with the increase in price


Title: Re: LOL at the sellers
Post by: lebing on March 24, 2013, 09:08:26 AM
http://i.imgur.com/bFmDFzF.png

Nearly double the amount of searches vs what it was during the "crazy bubble over the last few months".

Do not be surprised if we hit 100 next week.

http://upload.wikimedia.org/wikipedia/commons/6/69/Delta_IV_Medium_Rocket_DSCS.jpg


Title: Re: LOL at the sellers
Post by: Kupsi on March 24, 2013, 10:38:12 AM
I believe yesterday was a new all time high in bitcoin wikipedia views  :D

http://stats.grok.se/en/201303/bitcoin

...and we got a new all time high  ;D


Title: Re: LOL at the sellers
Post by: cypherdoc on March 24, 2013, 11:16:28 AM
lol, party is over.  Years long downtrend in place now.  

Still hanging around with nothing better to do in life.  ::)


Title: Re: LOL at the sellers
Post by: smoothie on March 24, 2013, 11:27:09 AM
lol, party is over.  Years long downtrend in place now.  

Still hanging around with nothing better to do in life.  ::)

Proudhon is trolling bitcoin into "single" digits.

Pretty soon we will be calling mBTC = $1....so I guess that is single digits.  :D


Title: Re: LOL at the sellers
Post by: proudhon on March 24, 2013, 12:18:26 PM
lol, party is over.  Years long downtrend in place now.  

Still hanging around with nothing better to do in life.  ::)

 ;)


Title: Re: LOL at the sellers
Post by: oakpacific on March 24, 2013, 03:11:53 PM
lol, party is over.  Years long downtrend in place now.  

Still hanging around with nothing better to do in life.  ::)

One possibility: he is Satoshi's trollish alter-self.


Title: Re: LOL at the sellers
Post by: cypherdoc on March 24, 2013, 06:01:48 PM
lol, party is over.  Years long downtrend in place now.  

Still hanging around with nothing better to do in life.  ::)

 ;)

You know,  it's ok.

I still love you.


Title: Re: LOL at the sellers
Post by: ineededausername on March 24, 2013, 06:02:43 PM
lol, party is over.  Years long downtrend in place now.  

Still hanging around with nothing better to do in life.  ::)

 ;)

You know,  it's ok.

I still love you.

remember when we managed to convert proudhon into a bull?  Let's do that again!


Title: Re: LOL at the sellers
Post by: BitcoinAshley on March 24, 2013, 07:55:24 PM
Quote from: Smoothie
Pretty soon we will be calling mBTC = $1....so I guess that is single digits.


And you can bet your britches that when we hit mBTC=$1, proudhon will make a thread "Lol guys... see? I TOTALLY CALLED IT!"

"Long [upwards] crash into single digits!"