Bitcoin is coming back, stronger than ever!

[RealBitcoin]

Bitcoin is getting stronger based on all data we can gather:

2015 Autumn report:
http://www.coindesk.com/research/state-of-bitcoin-q3-2015/

Google Trends:
https://www.google.co.uk/trends/explore#q=bitcoin%2C%20blockchain&date=today%2012-m&cmpt=q&tz=Etc%2FGMT%2B7

Alexa on Bitcoin.org:
http://www.alexa.com/siteinfo/bitcoin.org

Forum Stats:

Ok here are my predictions:

60% probability: Bitcoin will reach 400$ before 2016
85% probability: Bitcoin will reach 500$ before next halving
90% probability: Bitcoin will reach 700$ before 2017
20% probability: Bitcoin will reach 5000$ before 2017

There are my predictions, this thread wont be edited, so let's see if my predictions come true

Current situation: 10/26/2015  & my forecast for the future

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[zby]

When you have spikes like this - that means a new bot maker found a way to break trough the filters.

[RealBitcoin]

When you have spikes like this - that means a new bot maker found a way to break trough the filters.

Shit, you are right, I never thought that bots make thousands of account just for sabotage. This pretty much screws up the statistics.

But i`ve checked the pageviews,nr of posts, nr of topics, and those 3 are correlated, while this one isnt correlated with that, so yea probably bot activity.

[1Referee]

Looking at how much "people" registered here in this forum is no indication of how Bitcoin is doing. Account farmers and trolls may have hundreds of accounts to spam with or farm signature campaigns.

[RealBitcoin]

Looking at how much "people" registered here in this forum is no indication of how Bitcoin is doing. Account farmers and trolls may have hundreds of accounts to spam with or farm signature campaigns.

Actually it is if you drop the other data.

A person has its limits too, and not even a bot can do that inifnite times before they run out of IP addresses or whatever.

So without a reference point, just looking at the growth curve, we can say that the other data (due to high correlation) is good info, but yes the account registration is not good data.

I hope the forum will have better filters in the future.

[zby]

I actually used these stats in 2011 until the first spam account waves. I used to interpret it to mean  that BTC is not dead yet.

[mexxer-2]

These stats just mean signature campaigns are paying more , which correlates with how many accounts are created for farming purposes.

[randy8777]

bots dominate the creation of accounts lately. especially since accounts have gained value due to signature campaigns. easy money as they sell accounts or use them for signature campaigns.

[gentlemand]

I think we should have a bot only section. It would be interesting to eavesdrop on their plans to take over the world.

[Mickeyb]

Can't these damn bots get blocked somehow by the forum? I mean this is pure BS, having bots registering so many accounts for no matter which purpose. Farming accounts, trolling or whatever.

[pitham1]

These stats just mean signature campaigns are paying more , which correlates with how many accounts are created for farming purposes.

I expect further increase in accounts created, given that Bitcoin's price seems to be headed north.

[3x2]

Bitcoin is coming back for sure but these stats doesn't help because of bots.

[Rude Boy]

Increase in number of new forum members? May be two things could be possible.
1. Bitcoin getting more adoption.
2. Increas in spammers/scammers.

[Amph]

When you have spikes like this - that means a new bot maker found a way to break trough the filters.

it's true, because everytime there is this kind of pump, there are the same wall in the same exchange, is the third time that i see the 32 btc wall on kraken for example

must be a bot, the same bot

[darkangel11]

Increase in the number of accounts doesn't mean an increase in the number of members and of course it doesn't mean that these people will buy Bitcoin.

[talks_cheep]

Maybe I shouldn't admit this, but I have created two dozen accounts on the forum. I'm thinking about creating another dozen soon. And I can't be the only one doing it. Moral of the story, do not equate the number of new accounts with how strong bitcoin is. It's not.

[smith coins]

I think that we should not count the quantity but the quality.
I have a feeling that people are creating more and more accounts to sell them after a year or so.
Mostly farmers, but there are also new people that are interested in bitcoin but i think the % is same from the last month.

[Kevin77]

I think that we should not count the quantity but the quality.
I have a feeling that people are creating more and more accounts to sell them after a year or so.
Mostly farmers, but there are also new people that are interested in bitcoin but i think the % is same from the last month.

We can not expect quality to a new comer. But we can insist them to follow forum regulations.
I do not know much about farming.
In the event of new real users come into forum, then some of them will contribute to bitcoin to grow in any sector which is the thing I look from the new users.

[RealBitcoin]

I think that we should not count the quantity but the quality.
I have a feeling that people are creating more and more accounts to sell them after a year or so.
Mostly farmers, but there are also new people that are interested in bitcoin but i think the % is same from the last month.

Also it seems to me that the average post/person is about 30.

So a person creates an account, posts 30 posts and then quits. These are not signature farmers, these are just newbies who become uninterested with bitcoin, for the moment.

Yes 1 new bitcoin member who stays atleast 5 years with bitcoin is better then 100 new members that stay only 1 week

[mexxer-2]

I think that we should not count the quantity but the quality.
I have a feeling that people are creating more and more accounts to sell them after a year or so.
Mostly farmers, but there are also new people that are interested in bitcoin but i think the % is same from the last month.

Also it seems to me that the average post/person is about 30.

So a person creates an account, posts 30 posts and then quits. These are not signature farmers, these are just newbies who become uninterested with bitcoin, for the moment.

Yes 1 new bitcoin member who stays atleast 5 years with bitcoin is better then 100 new members that stay only 1 week

Who says they couldn't be account farmers, most of the account farmers are farming only potential accounts so 1 post every 14 days. So they may appear to be inactive.