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Author Topic: Will Silkroad Launch another bubble?  (Read 1402 times)
perlboy
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October 09, 2013, 09:01:55 AM
 #1

So, with Silkroad being taken down the media interest seems to have increased a bit. In the spirit of looking at things as "No such thing as bad publicity" when it comes to Press coverage I found an interesting overlap of interest just prior to the April bubble:



Source: http://www.google.com/trends/explore?q=bitcoin#q=bitcoin&date=3%2F2013%203m%2C%209%2F2013%203m&cmpt=date
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perlboy
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October 09, 2013, 09:11:51 AM
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And here's another one including the 2011 jump to $14 (although this one seemed to lag by a month in interest terms):



Source: http://www.google.com/trends/explore?q=bitcoin#q=bitcoin&date=3%2F2013%203m%2C%209%2F2013%203m%2C%205%2F2011%203m&cmpt=date
kehtolo
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October 09, 2013, 09:32:15 AM
 #3

Interesting.. I clicked on the links and had a look at a few things.

There is a definite spike in interest since the SR takedown. Will this translate into an increase in Bitcoin value? I really don't know.
It's one thing for people to be curious and to find out about this 'Bitcoin' thing they're hearing about.. it's quite another for them to speculate.
It depends on the person and the articles they read, if Bitcoin is painted in a good or bad light and it sounds like something that may be of interest to them.

In short, I don't think it will cause a bubble per-se but we may see a slight, slow and steady rise in value. But it could also be argued, we would be seeing this anyway.

It will be interesting to re-visit this topic over the coming weeks / months to see what if any correlation can be drawn.

The looming defauly of the US$ is altogether more interesting and will have much, much more impact on not only the price of Bitcoin but also everything else worth investing in.
(Gold, Silver, Bitcoin, Platinum)
..8 days to go!

The next 24 hours are critical!
perlboy
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October 09, 2013, 09:38:14 AM
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kehtolo,

I was not expecting the first response to be rational so thank you. Smiley
Ivanhoe
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October 09, 2013, 09:57:56 AM
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The first time i heard about Bitcoin was in March 2013 because of a fork. I did some research about it and then came to the conclusion that this Bitcoin thing is big and worth investing in. There is no such a thing as bad publicity. Look at Miley Cyrus and where she is now in the charts..... We will definitely see some new money coming into Bitcoin.
kehtolo
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October 09, 2013, 10:25:08 AM
 #6

kehtolo,

I was not expecting the first response to be rational so thank you. Smiley


Thanks!!  Cool

I should add that i don't think the US will default. There will be a rescue at the 11th hour llike there always is.. (or maybe not?)
This should make it easier to correlate any rises with the re-newed interrest (searches, press articles) in Bitcoin

The next 24 hours are critical!
ElectricMucus
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October 09, 2013, 10:55:40 AM
 #7

In the spirit of looking at things as "No such thing as bad publicity"

Keep lying to yourselves.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
viboracecata
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October 09, 2013, 12:56:35 PM
 #8

Why you think this will launch but not break the bubble Grin?

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October 09, 2013, 01:18:34 PM
 #9

It's all just correlation. You can't say for sure which causes which or if there is an unknown external factor which influences both.

However the ability of bitcoin to overcome the SR panic drop so quickly can be seen as a sign of strength.


ya.ya.yo!
perlboy
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November 02, 2013, 12:47:02 PM
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