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Why we bubbling up?
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Topic: Why we bubbling up? (Read 2568 times)
muyuu
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Re: Why we bubbling up?
January 22, 2013, 04:16:36 PM
#21
Quote from: Scott J on January 22, 2013, 04:06:02 PM
I have been wondering if this recent rise is a pump and dump.
Though much more likely to be money from the traditional financial world getting involved rather than an ASIC manufacturer.
Avalon only takes payments in BTC. That causes demand. Then these ASICs hopefully will keep difficulty high.
Both are bullish factors.
I seriously doubt they'd be pumping on BTC, they might store some though.
GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
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phelix
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Re: Why we bubbling up?
January 22, 2013, 05:29:02 PM
#22
because of this:
http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=q
Bitcoin rocket is taking off. Maybe we fly to the moon this time.
lebing
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Enabling the maximal migration
Re: Why we bubbling up?
January 23, 2013, 06:00:14 AM
#23
Quote from: phelix on January 22, 2013, 05:29:02 PM
because of this:
http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=q
Bitcoin rocket is taking off. Maybe we fly to the moon this time.
Thats not a cause, its an effect. But yes, it confirms this increase is not unwarranted
Bro, do you even blockchain?
-E Voorhees
robamichael
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Re: Why we bubbling up?
January 23, 2013, 06:15:07 AM
Last edit: January 23, 2013, 11:00:34 PM by robamichael
#24
the google trend seems to correlate much more now, than during the june 11 spike.
good times ahead?
Fiat currencies everywhere are in trouble and this is bullish for bitcoins.
check this one out for comparison:
http://www.google.com/trends/explore#q=buy%20bitcoin%2C%20bond%20bubble&date=1%2F2011%2025m&cmpt=q
correlation is settling in a bit...
CoinStax Precious Metals
@coinstax
phelix
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Re: Why we bubbling up?
January 23, 2013, 07:12:01 AM
#25
Quote from: lebing on January 23, 2013, 06:00:14 AM
Quote from: phelix on January 22, 2013, 05:29:02 PM
because of this:
http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=q
Bitcoin rocket is taking off. Maybe we fly to the moon this time.
Thats not a cause, its an effect. But yes, it confirms this increase is not unwarranted
self enforcing feedback loop ---> next bubble ahead
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