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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 27 (20.3%)
1-10% - 18 (13.5%)
11-20% - 15 (11.3%)
21-30% - 19 (14.3%)
31-40% - 7 (5.3%)
41-50% - 14 (10.5%)
51-60% - 9 (6.8%)
61-70% - 5 (3.8%)
71-80% - 4 (3%)
81-90% - 2 (1.5%)
91-99% - 3 (2.3%)
100% - 10 (7.5%)
Total Voters: 133

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21790626 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
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April 24, 2013, 02:24:32 PM
 #1221

I am fairly convinced that the causality is the opposite of what you describe. Sure, price and number of Google searches are correlated but correlation does not imply causation. It is rising prices that drive interest, not the other way around.

You have to be careful with what you think you're looking at too. You might think that interest in bitcoins correlates with Google trends but the thing is that the differential of an exponential is an exponential. Thus the trend on google may not correlate with the interest in something but rather with the *change* in interest in something but during an exponential period, these would look the same/similar.
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April 24, 2013, 02:26:11 PM
 #1222

The biggest factor in all this (Paypal, WU, etc.), is that they are recognizing Bitcoin as a potential business opportunity. This puts added pressure to be first mover if people think someone else might jump first. Mmmm game theory.
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April 24, 2013, 02:27:56 PM
 #1223

^What's with the rally in Litecoin? Did Paypall make a statement about Litecoin that I don't know about?
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April 24, 2013, 02:29:41 PM
 #1224

WTF happened while I was sleeping. Paypal Recognition? $20 rise? Huge sell wall "missing?" Sub-100k sells, lowest since before the crash? o.0
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April 24, 2013, 02:30:26 PM
 #1225


Well, that's true if you want CASH from your bank - but when you are moving "electronic" money from one account/bank to another you don't need more than 2/3 business days, many times with 1 day is enough, and its very unlikely your money will never go through. With Gox you may have to wait for almost a month with your withdrawal on "processing", and the fear the money will never come out because of hack, shut down by law enforcement, scam, whatever, is high.

What we need is an electronic based currency that's easy to move around and doesn't rely on overly regulated and bureaucratic infrastructure.

Oh wait...
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April 24, 2013, 02:34:28 PM
 #1226

Paypal and bitcoin would be huge, huge news... anyway, even this hint should do good for price in short-term. Looks like today is time to ride it Smiley
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April 24, 2013, 02:36:15 PM
 #1227

^What's with the rally in Litecoin? Did Paypall make a statement about Litecoin that I don't know about?

Last few weeks litecoin acts as bitcoin proxy - bitcoin up, litecoin up and vice versa
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April 24, 2013, 02:36:40 PM
 #1228

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...
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April 24, 2013, 02:40:04 PM
 #1229

You guys talking about paypal and bitcoin are like those who talk about LTC and gox.

Too bad paypal didn't actually make that april fools joke. One day at 9001 might have been fun Wink
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April 24, 2013, 02:41:57 PM
 #1230

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

He said that they are considering it.
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April 24, 2013, 02:43:09 PM
 #1231

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

It's a much more bullish development than not acknowledging the significance of bitcoins at all, or not even acknowledging their existence, which is what you typically would've expected CEO's of huge companies to do a year ago.
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April 24, 2013, 02:44:12 PM
 #1232

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

That doesn't matter. They probably will never implement anything bitcoin for all we know. But the fact that he mentioned that they are eyeing bitcoin, true or not, will spark some confidence into bitcoin and boost credibility.

Paypal CEO mentioning bitcoin == positive bitcoin publicity.
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April 24, 2013, 02:45:08 PM
 #1233

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

The guy knew specific facts of a topic that even the interviewer said was out of left field. C-level execs at Paypal, the biggest online payment processor, have clearly discussed Bitcoin. That, in and of itself, is massive news. Bitcoin is being recognized and described as 'fascinating', that alone will get converts.
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April 24, 2013, 02:45:48 PM
 #1234

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

That doesn't matter. They probably will never implement anything bitcoin for all we know. But the fact that he mentioned that they are eyeing bitcoin, true or not, will spark some confidence into bitcoin and boost credibility.

Paypal CEO mentioning bitcoin == positive bitcoin publicity.

Of course, you can be the biggest bear in the world but should take some profit that interview can produce for you.
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April 24, 2013, 02:58:39 PM
 #1235

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

That doesn't matter. They probably will never implement anything bitcoin for all we know. But the fact that he mentioned that they are eyeing bitcoin, true or not, will spark some confidence into bitcoin and boost credibility.

Paypal CEO mentioning bitcoin == positive bitcoin publicity.

OTOH, if you believe in Bitcoin, Paypal will either have to take it on eventually or be eclipsed by someone who does. In this case, this is a very good sign.
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April 24, 2013, 03:03:59 PM
 #1236

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

That doesn't matter. They probably will never implement anything bitcoin for all we know. But the fact that he mentioned that they are eyeing bitcoin, true or not, will spark some confidence into bitcoin and boost credibility.

Paypal CEO mentioning bitcoin == positive bitcoin publicity.

OTOH, if you believe in Bitcoin, Paypal will either have to take it on eventually or be eclipsed by someone who does. In this case, this is a very good sign.

I just said that the news weren't as huge as some people said they were. If they said that they pretended to integrate bitcoin by next months/year. That would have been HUGE news. Just a CEO saying they are interesting, no, not huge.
If I believe or not doesn't matter. What matters is if bitcoin suceeds or not. If It does, of course, Paypal will have to take them.. but I'm not man of faith, and even if I have trust in cryptocurrencies, I wouldn't put my hand in the fire for bitcoin.
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April 24, 2013, 03:06:46 PM
 #1237

If they said they will implement bitcoin in next few months you'd be watching bitcoin's price at 500$ at this moment. And thousands in week or two.

Where we stand at, it's huge news to hear Paypal, WesternUnion etc talking any kind of positive talk about bitcoin. That produces positive stuff in average Joe head, and when enough of average Joes have that view you won't wait long to see Paypal and similar companies giving some deadlines about bitcoin.
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April 24, 2013, 03:06:51 PM
 #1238


If I believe or not doesn't matter.

It does when we're discussing whether things like this are important or not. Your opinions are colored by your beliefs. You're saying that you don't think it's big news (and you're entitled to your opinions), I'm just explaining why, for some of us, it is.
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April 24, 2013, 03:10:52 PM
 #1239


If I believe or not doesn't matter.

It does when we're discussing whether things like this are important or not. Your opinions are colored by your beliefs. You're saying that you don't think it's big news (and you're entitled to your opinions), I'm just explaining why, for some of us, it is.

... this is big news ...

now lets have Bill Gates explain to the world why bitcoin ( or somthing like it  Tongue ) is the future, mmmk?
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April 24, 2013, 03:16:43 PM
 #1240


now lets have Bill Gates explain to the world why bitcoin ( or somthing like it  Tongue ) is the future, mmmk?

He's be more likely to try embrace-extend-extinguish. Livecoin anyone? Bingbits? Thank Christ he's not running Microsoft anymore.
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