Bitcoin Forum
September 19, 2024, 09:06:38 AM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.1
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Other
>
Beginners & Help
>
New Money?
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: New Money? (Read 543 times)
bb000
(OP)
Newbie
Offline
Activity: 29
Merit: 0
New Money?
March 20, 2013, 11:29:58 PM
#1
About the spectacular increase in the USDBTC exchange rate - can we tell if this has been driven by new money coming in to buy bitcoins, or is it just normal trading and speculation?
We can't know for sure of course, but the price increase may be driven by people seeking safe havens due to the threatened savings tax in Cyprus. The delay in the increase would fit with this as most people are not in a position to just buy coins at short notice, there was a delay due to banks being closed at the weekend, and the time taken to complete wire transfers. On the other hand I know there are many professional traders speculating on bitcoin who can push the price one way or another. If there are new users coming in it should be visible as an increase in number of connected bitcoin clients, increase in people monitoring mtgoxlive, and I'm sure plenty of other indicators, but I don't know where to see historical information on any of these.
Anyone noticed any significant changes in activity or indicators one way or another?
Geofflee
Newbie
Offline
Activity: 9
Merit: 0
Re: New Money?
March 20, 2013, 11:53:37 PM
#2
Hard to say… there is currently no reliable indicator or measure of speculation. One idea was to graph trade volume vs transaction volume. This showed that there was a huge spike during the 2011 bubble, but there is no spike for the recent increase in price. You can see the graph here:
http://blockchain.info/charts/tx-trade-ratio
bb000
(OP)
Newbie
Offline
Activity: 29
Merit: 0
Re: New Money?
March 21, 2013, 12:03:15 AM
#3
Thanks.
Do you know is there anywhere to see the number of active hosts? I found
http://bitcoinstatus.rowit.co.uk/
but it does not seem to be updated recently.
Gator-hex
Hero Member
Offline
Activity: 490
Merit: 500
Re: New Money?
March 21, 2013, 12:05:24 AM
#4
I think a lot of it is because the only ASIC manufacturer with a product only accepts payment in Bitcoin and they raise the price every time they have a production run.
600 untis x $5000 = $3,000,000
Also the Bitcoin gods half the payment for mining making it more costly to produce coins.
"MtGox was.. attacked by the government" - Jim Rickards (Author of Currency Wars/Pentagon currency war games.)
bitcoinscanada
Member
Offline
Activity: 108
Merit: 10
Re: New Money?
March 21, 2013, 12:10:35 AM
#5
I'd say there is some new money. Lot's of press lately from the likes of Max Keiser, Peter Schiff (some negative), Tom Woods, etc.
georgeu2000
Newbie
Offline
Activity: 35
Merit: 0
Re: New Money?
March 21, 2013, 12:15:58 AM
#6
Quote from: Geofflee on March 20, 2013, 11:53:37 PM
Hard to say… there is currently no reliable indicator or measure of speculation. One idea was to graph trade volume vs transaction volume. This showed that there was a huge spike during the 2011 bubble, but there is no spike for the recent increase in price. You can see the graph here:
http://blockchain.info/charts/tx-trade-ratio
Awesome. This is super useful. But does the spike happen before or after the bubble burst?
TX Trade Ratio
bb000
(OP)
Newbie
Offline
Activity: 29
Merit: 0
Re: New Money?
March 21, 2013, 12:21:28 AM
#7
Looks to me like it is new money too. I only found two possible indicators - first the number of posts per day in this section - I reckon about 4 pages of posts on 20th March, earlier in the month it looked more like 1-3 pages per day. Second is the number of unique addresses on blockchain.info which seems to be increasing steadily week on week.
http://blockchain.info/charts/n-unique-addresses?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
If I'm right I would expect blockchain.info to show a sharper increase in unique addresses over the next week or so. New buyers are probably supportive of the price as it means more money chasing the limited supply of coins, and they will not yet have a profit they will want to cash in.
bb000
(OP)
Newbie
Offline
Activity: 29
Merit: 0
Re: New Money?
March 21, 2013, 12:35:35 AM
#8
One more indicator -
http://www.zerohedge.com/news/2013-03-20/spain-bitcoin-run-has-started
Pages: [
1
]
Print
Bitcoin Forum
>
Other
>
Beginners & Help
>
New Money?
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...