Based on the amount of memberships looks like bitcoin rally might be for real.
Track bitcoin price by new members to the forum is it possible :
Month New Members
Sep-14 8036
Aug-14 11443
Jul-14 11119
Jun-14 11952
May-14 14264
Apr-14 17948
Mar-14 45800
Feb-14 25448
Jan-14 26625
Dec-13 31775
Nov-13 19683
Oct-13 2927
Sep-13 5156
Aug-13 6052
Jul-13 7413
Jun-13 9373
May-13 15512
Apr-13 18712
Mar-13 7358
Feb-13 3532
Jan-13 3184
Dec-12 2766
Nov-12 2708
Oct-12 3200
Sep-12 2345
Aug-12 2395
Jul-12 2109
Jun-12 2080
May-12 2018
Apr-12 2072
Mar-12 2118
Feb-12 1991
Jan-12 2051
Dec-11 1725
Nov-11 1993
Oct-11 2078
Sep-11 2452
Aug-11 3866
Jul-11 5466
Jun-11 14483
May-11 5959
Apr-11 2924
Mar-11 2538
Feb-11 1379
Jan-11 837
Dec-10 680
Nov-10 374
Oct-10 315
Sep-10 587
Aug-10 515
Jul-10 370
Jun-10 55
May-10 65
Apr-10 73
Mar-10 40
Feb-10 25
Jan-10 9
Dec-09 15
Nov-09 4
Fella' here might be on to something..
Hard to dismiss/not get distracted by those curiously telling sharply lower registration numbers for Dec. '12 - Feb. '13, Sept-Oct '13, & Aug-Sept '14.. =/
Which leads to :
The rally that started May 20 too consisted of a few episodes of intense buying, 1-2 hour long, that drove the price up by ~50$ each time; separated by "organic-looking" periods where the price just wandered about, often with a downward trend.
Could this rally be the first of another (mini-)bubble like that?
I did vote for
'We can definitely see 300's again [this year]' in the poll because this is pretty much entirely fueled by only 1 piece of news - PayPal. That alone certainly may not be enough, as many here have voiced, to counteract the hugely built-up negative sentiment from the majority towards cryptospace.
However, Prof. here nailed the other possibility right on the head. That's what should be deeply concerning to any bearish view - 1] We are in active, higher-volume, fall season. 2] We're fresh off last fall season's tremendous influx to the crypto-economies and development in everyone's memories - and psychologically, people's expectations & pattern recognition routines tend to look for & reinforce perceived similarities, symmetries, equivalences (aka everyone wants to b-elieve history repeats itself). 3] We've been particularly lower-priced (cheaper/closer to bottom) for a good little while now. 4] It seems eerily possible that the recent constant dump pressure over the summer might've actually been mostly
artificial, caused by insiders who knew to a far greater degree than most when exactly the ETF's will be coming online this year and of course knew about PayPal's announcement to come today - which would put a near-term bearish outcome in serious trouble, and lend solid credence to Stolfi's theory that this could indeed be the start of a new 'stairway-pattern' mid-term small bull run back to 600-800's.
Poll
