lebing (OP)
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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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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Whoever mines the block which ends up containing your transaction will get its fee.
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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 ? |
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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.
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Brushan
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Merit: 10
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March 23, 2013, 07:50:09 AM |
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lebing (OP)
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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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?
-E Voorhees
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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..
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lebing (OP)
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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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?
-E Voorhees
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Brushan
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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. |
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zby
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March 23, 2013, 08:14:08 AM
Last edit: March 23, 2013, 10:58:45 AM by zby |
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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. |
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sgbett
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March 23, 2013, 09:41:12 AM |
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What about it?  |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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proudhon
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Activity: 2198
Merit: 1311
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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.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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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? |
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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.
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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! |
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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!  |
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
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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! 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. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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March 23, 2013, 10:43:28 AM |
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I believe yesterday was a new all time high in bitcoin wikipedia views  http://stats.grok.se/en/201303/bitcoin |
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Nikolaj06
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WINSTARS - We are changing the face of gambling
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March 23, 2013, 12:02:36 PM |
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Oh that's actually a quite nice indicator  and yes, it's even around 60% higher than the previous high in June 2011! |
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