my intuition says: we're sitting on a rocket about to be ignited

[cypherdoc]

given that Mike Hearns works for Google, this has been thought to be a possibility for a long time.  now with Wordpress's announcement and the tone of it...

[waspoza]

Sorry to interrupt, i just drop this one here https://twitter.com/JoeCascio/status/269641282450776065

no freekin' way!  are u kidding me?! 

Well its just speculation, but seems pretty plausible to me considering that one of the google emploees made bitcoin library for java.

[molecular]

Buying is the only thing that keeps pushing the price up though.

Yeah, when you buy, do it on mtgox, when you sell, do it locally in order to not move the price ;>

[adamstgBit]

Sorry to interrupt, i just drop this one here https://twitter.com/JoeCascio/status/269641282450776065

no freekin' way!  are u kidding me?! 

Well its just speculation, but seems pretty plausible to me considering that one of the google emploees made bitcoin library for java.

Google employees get to spend 10% of their time at work, working on anything they wish. G-bitcoin might have stated as a pet project that is now getting some serious attention.

[molecular]

Sorry to interrupt, i just drop this one here https://twitter.com/JoeCascio/status/269641282450776065

I would say pretty unlikely, although in this Report (sorry German only), there is a guy from Google, stating that Google watches possibilities how the Bitcoin protocol could be used. So they are at least interested.

Mike Hearn ring a bell? This guy is a google employee and he's been helping bitcoin on the technical side since at least early 2011 (implemented bitcoinj, for example) and really can be seen as an innovator or visionary who thinks several steps ahead (for example: smart contracts, pay to policy). See his presentation at the conference in London: https://www.youtube.com/watch?feature=player_embedded&v=mD4L7xDNCmA

Now, this doesn't imply that it's likely that google would embrace bitcoin in such a fundamental way as to integrate a bitcoin client into GWallet. On the other hand: google has been seen to make quite big bald moves at times, so I wouldn't rule that out at all. It would certainly dwarf anything we've seen so far and surely get the rocket going.

[Akka]

Very interesting, thanks for linking that.

[cypherdoc]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

[smoothie]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

[cypherdoc]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

well, this is what i was talking about above to EM about how the market is maturing along with the depth.  volatility actually decreases with a sound money the more established it becomes.  the chart paints a huge multiyear triangulish oscillator with the whipsaws dampening into a consolidation pattern that will break up.  i think we've just started that.

[molecular]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

a 6.3% move in roughly a day (from 11.0 to 11.7) is in other markets (even the volatile silver, for example) considered a big move.

Also: the wordpress news not only triggers existing bitcoiners to buy, but it also generates new bitcoin users and introduces a lot of new people to bitcoin that didn't know about it before (thankfully, wordpress "gets it" and embraced bitcoin for the right reasons and also says so). In a mid-term view this is even more bullish then a couple traders reacting to news.

[molecular]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

well, this is what i was talking about above to EM about how the market is maturing along with the depth.  volatility actually decreases with a sound money the more established it becomes.  the chart paints a huge multiyear triangulish oscillator with the whipsaws dampening into a consolidation pattern that will break up.  i think we've just started that.

aka: the daaash for the digital caaash ;>

[cypherdoc]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

well, this is what i was talking about above to EM about how the market is maturing along with the depth.  volatility actually decreases with a sound money the more established it becomes.  the chart paints a huge multiyear triangulish oscillator with the whipsaws dampening into a consolidation pattern that will break up.  i think we've just started that.

aka: the daaash for the digital caaash ;>

you love it.  admit it. 

[molecular]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

well, this is what i was talking about above to EM about how the market is maturing along with the depth.  volatility actually decreases with a sound money the more established it becomes.  the chart paints a huge multiyear triangulish oscillator with the whipsaws dampening into a consolidation pattern that will break up.  i think we've just started that.

aka: the daaash for the digital caaash ;>

you love it.  admit it. 

admitted. both meaning and the sound of it.

[smoothie]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

a 6.3% move in roughly a day (from 11.0 to 11.7) is in other markets (even the volatile silver, for example) considered a big move.

Also: the wordpress news not only triggers existing bitcoiners to buy, but it also generates new bitcoin users and introduces a lot of new people to bitcoin that didn't know about it before (thankfully, wordpress "gets it" and embraced bitcoin for the right reasons and also says so). In a mid-term view this is even more bullish then a couple traders reacting to news.

You forget: This is bitcoin. 6.3% moves mean nothing. We just had a 25% drop in October on two occasions in two days each.

[adamstgBit]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

a 6.3% move in roughly a day (from 11.0 to 11.7) is in other markets (even the volatile silver, for example) considered a big move.

Also: the wordpress news not only triggers existing bitcoiners to buy, but it also generates new bitcoin users and introduces a lot of new people to bitcoin that didn't know about it before (thankfully, wordpress "gets it" and embraced bitcoin for the right reasons and also says so). In a mid-term view this is even more bullish then a couple traders reacting to news.

You forget: This is bitcoin. 6.3% moves mean nothing. We just had a 25% drop in October on two occasions in two days each.

big moves like that will not happen any more. as the market gets bigger 2 things happen

1) The market is more capable of handling big dumps
2) Coins become more distributed, meaning less people have enough bitcoin to crash the market

I think we are seeing this effect now.
if you look back you find that price swigs are getting smaller.

[molecular]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

a 6.3% move in roughly a day (from 11.0 to 11.7) is in other markets (even the volatile silver, for example) considered a big move.

Also: the wordpress news not only triggers existing bitcoiners to buy, but it also generates new bitcoin users and introduces a lot of new people to bitcoin that didn't know about it before (thankfully, wordpress "gets it" and embraced bitcoin for the right reasons and also says so). In a mid-term view this is even more bullish then a couple traders reacting to news.

You forget: This is bitcoin. 6.3% moves mean nothing. We just had a 25% drop in October on two occasions in two days each.

big moves like that will not happen any more. as the market gets bigger 2 things happen

1) The market is more capable of handling big dumps
2) Coins become more distributed, meaning less people have enough bitcoin to crash the market

I think we are seeing this effect now.
if you look back you find that price swigs are getting smaller.

there is more and more fiat out there, however, so big rallies are still possible, no?

[adamstgBit]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

a 6.3% move in roughly a day (from 11.0 to 11.7) is in other markets (even the volatile silver, for example) considered a big move.

Also: the wordpress news not only triggers existing bitcoiners to buy, but it also generates new bitcoin users and introduces a lot of new people to bitcoin that didn't know about it before (thankfully, wordpress "gets it" and embraced bitcoin for the right reasons and also says so). In a mid-term view this is even more bullish then a couple traders reacting to news.

You forget: This is bitcoin. 6.3% moves mean nothing. We just had a 25% drop in October on two occasions in two days each.

big moves like that will not happen any more. as the market gets bigger 2 things happen

1) The market is more capable of handling big dumps
2) Coins become more distributed, meaning less people have enough bitcoin to crash the market

I think we are seeing this effect now.
if you look back you find that price swigs are getting smaller.

there is more and more fiat out there, however, so big rallies are still possible, no?

it goes both ways unfortunately... because the market will not allow a crazy swing up or down unless its justified with new development / news.

look at the log chart you'll see what I'm talking about.

[smoothie]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

a 6.3% move in roughly a day (from 11.0 to 11.7) is in other markets (even the volatile silver, for example) considered a big move.

Also: the wordpress news not only triggers existing bitcoiners to buy, but it also generates new bitcoin users and introduces a lot of new people to bitcoin that didn't know about it before (thankfully, wordpress "gets it" and embraced bitcoin for the right reasons and also says so). In a mid-term view this is even more bullish then a couple traders reacting to news.

You forget: This is bitcoin. 6.3% moves mean nothing. We just had a 25% drop in October on two occasions in two days each.

big moves like that will not happen any more. as the market gets bigger 2 things happen

1) The market is more capable of handling big dumps
2) Coins become more distributed, meaning less people have enough bitcoin to crash the market

I think we are seeing this effect now.
if you look back you find that price swigs are getting smaller.

Wanna bet they will?  

[smoothie]

and now it's easier for a big player like Google to say, "what?  Wordpress is doing IT!"

I suspect Google will wait a few months to let WordPress be the guinea pig.

I would have expected more of a price rise with the wordpress news just like I would have expected a huge move down off of GLBSE closing.

Seems like the market ignores the news for the most part.

a 6.3% move in roughly a day (from 11.0 to 11.7) is in other markets (even the volatile silver, for example) considered a big move.

Also: the wordpress news not only triggers existing bitcoiners to buy, but it also generates new bitcoin users and introduces a lot of new people to bitcoin that didn't know about it before (thankfully, wordpress "gets it" and embraced bitcoin for the right reasons and also says so). In a mid-term view this is even more bullish then a couple traders reacting to news.

You forget: This is bitcoin. 6.3% moves mean nothing. We just had a 25% drop in October on two occasions in two days each.

big moves like that will not happen any more. as the market gets bigger 2 things happen

1) The market is more capable of handling big dumps
2) Coins become more distributed, meaning less people have enough bitcoin to crash the market

I think we are seeing this effect now.
if you look back you find that price swigs are getting smaller.

there is more and more fiat out there, however, so big rallies are still possible, no?

it goes both ways unfortunately... because the market will not allow a crazy swing up or down unless its justified with new development / news.

look at the log chart you'll see what I'm talking about.

I'm sorry but you acting like there is a complete science to this is retarded.

Bold for emphasis. Not all movements need to be on news/developments.

[legitnick]