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Author Topic: LOL at the sellers  (Read 4761 times)
lebing
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March 23, 2013, 07:24:16 AM
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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.

Bro, do you even blockchain?
-E Voorhees
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Herodes
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March 23, 2013, 07:45:24 AM
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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 ?
lebing
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March 23, 2013, 07:45:51 AM
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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

Bro, do you even blockchain?
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Ichthyo
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March 23, 2013, 07:47:05 AM
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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.
Brushan
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March 23, 2013, 07:50:09 AM
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http://www.google.se/trends/explore#q=sell%20bitcoin,%20sell%20bitcoins

What about this?
lebing
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March 23, 2013, 07:57:10 AM
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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.

Bro, do you even blockchain?
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Herodes
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March 23, 2013, 07:58:23 AM
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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..
lebing
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March 23, 2013, 08:03:58 AM
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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.

Bro, do you even blockchain?
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March 23, 2013, 08:11:01 AM
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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.
zby
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March 23, 2013, 08:14:08 AM
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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.
Monster Tent
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March 23, 2013, 09:33:25 AM
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 Smiley

sgbett
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March 23, 2013, 09:41:12 AM
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What about it?

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proudhon
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March 23, 2013, 09:54:48 AM
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lol, party is over.  Years long downtrend in place now. 
tutkarz
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March 23, 2013, 10:10:37 AM
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lol, party is over.  Years long downtrend in place now. 
can i have your coins?

Bowjob
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March 23, 2013, 10:12:43 AM
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lol, party is over.  Years long downtrend in place now. 

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

It seemed like a good idea at the time.
seldon
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March 23, 2013, 10:13:23 AM
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lol, party is over.  Years long downtrend in place now. 

Alright everyone - proudhon called it, we're safe now!
The-Real-Link
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March 23, 2013, 10:15:18 AM
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lol, party is over.  Years long downtrend in place now. 

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

Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
proudhon
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March 23, 2013, 10:18:52 AM
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lol, party is over.  Years long downtrend in place now. 

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

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.
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March 23, 2013, 10:43:28 AM
 #19

I believe yesterday was a new all time high in bitcoin wikipedia views  Cheesy

http://stats.grok.se/en/201303/bitcoin
Nikolaj06
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March 23, 2013, 12:02:36 PM
 #20

I believe yesterday was a new all time high in bitcoin wikipedia views  Cheesy

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

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