cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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December 19, 2014, 09:37:44 AM |
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Price low,
number of bitcoin adresses all time-highish
Growth in number of address is becoming very regular though, which would point to automated generation (exchanges, mixers, etc.) Previously the irregular variations were more of an indicator of humans activity being behind the change. So growth=less people and no growth=less people? |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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smooth
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Activity: 2968
Merit: 1198
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December 19, 2014, 09:58:51 AM |
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Price low,
number of bitcoin adresses all time-highish
Growth in number of address is becoming very regular though, which would point to automated generation (exchanges, mixers, etc.) Previously the irregular variations were more of an indicator of humans activity being behind the change. So growth=less people and no growth=less people? Nobody seems to want to explain why transactions is growing too. |
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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December 19, 2014, 11:27:34 AM |
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Price low,
number of bitcoin adresses all time-highish
Growth in number of address is becoming very regular though, which would point to automated generation (exchanges, mixers, etc.) Previously the irregular variations were more of an indicator of humans activity being behind the change. So growth=less people and no growth=less people? Nobody seems to want to explain why transactions is growing too. Obviously because fewer people are making more automated intrawallet transactions. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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rpietila (OP)
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Activity: 1722
Merit: 1036
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December 19, 2014, 12:52:47 PM |
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Nobody seems to want to explain why transactions is growing too.
Ah, as was the case already with the tx growth in 2012, and further in 2013, don't you know it's all FAKE! It was fake then, and it is increasingly more fake now, and in 2015 it will be even more fake. That is the only likely and true explanation, and the only conclusion is to go short on BTC now.  |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Parazyd
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December 19, 2014, 01:59:12 PM |
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Nobody seems to want to explain why transactions is growing too.
Ah, as was the case already with the tx growth in 2012, and further in 2013, don't you know it's all FAKE! It was fake then, and it is increasingly more fake now, and in 2015 it will be even more fake. That is the only likely and true explanation, and the only conclusion is to go short on BTC now. Huh  |
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luigi1111
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Activity: 1105
Merit: 1000
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December 19, 2014, 02:17:35 PM |
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Nobody seems to want to explain why transactions is growing too.
Ah, as was the case already with the tx growth in 2012, and further in 2013, don't you know it's all FAKE! It was fake then, and it is increasingly more fake now, and in 2015 it will be even more fake. That is the only likely and true explanation, and the only conclusion is to go short on BTC now. Huh He even rolled his eyes. |
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NotLambchop
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December 19, 2014, 03:24:41 PM |
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...
He even rolled his eyes.
Not sure why. Shorters made out pretty good all year long, this week in particular [rolly eyes] *Oh, forgot that BTC is now worth $10K+ according to rpietila, sorry [more rolly eyes] |
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luigi1111
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Activity: 1105
Merit: 1000
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December 19, 2014, 03:37:24 PM |
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...
He even rolled his eyes.
Not sure why. Shorters made out pretty good all year long, this week in particular [rolly eyes] *Oh, forgot that BTC is now worth $10K+ according to rpietila, sorry [more rolly eyes] The point is not whether he's correct or not, it's that apparently Parazyd thought he was changing his message. |
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NotLambchop
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December 19, 2014, 03:42:59 PM |
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^My point is rpietila rolling his eyes is worthy of |
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Wandererfromthenorth
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December 19, 2014, 03:58:31 PM
Last edit: December 19, 2014, 04:12:11 PM by Wandererfromthenorth |
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Very few people knew about BTC in 2011. A little bit more people knew about BTC in 2012. More people heard about BTC in 2013. By 2014, a lot more people heard about BTC since it was talked in the media more than before. More people are progressively using BTC each year since starting with a ridiculous low amount of tech enthusiasts in 2010 or 20011. Ignore difficulty decreasing! Ignore the fact that some miners are already underwater! Ignore price! Ignore problems with a currency using PoW! From 0 people using BTC we went to a number a little bit higher each year! The only conclusion? Bullish! To the moon! 10k before tomorrow!  |
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AlexGR
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December 19, 2014, 04:21:56 PM |
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What's happening is not by accident... The price pressure, the timing of the auctions, articles like "is bitcoin done?" etc are co-ordinated.
TPTB want to highlight in every financial and mainstream media the message that "the worst investment of 2014 = bitcoin". Just count the number of articles with that theme in the next couple of weeks.
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coinits
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Activity: 1582
Merit: 1019
011110000110110101110010
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December 19, 2014, 04:29:13 PM |
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I'd look to transaction count relative to number of addresses. While it is possible they could move in tandem due to independent factors, it is somewhat unlikely. So far it looks like both point to increased usage, and anecdotal factors (bitpay/coinbase signups) seem to support that. The rate of growth is modest though, in line with historical trends rather than accelerating.
The network value factor lends the price attractor its parabolic progress during linear network expansion. Anything which is not a decline in adoption rate is massively bullish in the long run. Just a matter of time. May I kindly suggest Nokia (Symbian) and Apple (iOS) didn't prove that installed base network effects in 2008 were unassailable. Android was a paradigm shift. The smartphone market battle is over given Android is approaching 80% market share and a billion users. The crypto-currency market battle has only just begun. It appears possible the same category of weakness may exist for Bitcoin et al, as did for iOS and Symbian; they may not be optimally open ecosystems thus scale less than optimally. I can't state this with certainty, but it is something worth pondering.  Until Apple stops restricting innovation and limiting what people can put on their devices, I hope that they continue to lose market share to the point of oblivion. They got caught up in their own stardom and sunk like the Titanic. |
Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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NotLambchop
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December 19, 2014, 04:36:36 PM |
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...[Apple] got caught up in their own stardom and sunk like the Titanic.
  AAPL & BTC. *I'm not laughing... really... |
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coinits
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Activity: 1582
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011110000110110101110010
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December 19, 2014, 04:40:29 PM |
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...[Apple] got caught up in their own stardom and sunk like the Titanic.
AAPL & BTC. *I'm not laughing... really... They need to address what I said. They need more transparency, and give people complete control over their devices. Also being an NSA spy device does not help them either. Address those 3 things and they will regain a lot of market share. Their stock is not worth $20 per share in my opinion. It is a sinking ship. |
Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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NotLambchop
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December 19, 2014, 04:44:56 PM |
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^Look at the chart. Apple is doing fine, they need to do nothing. Bitcoin, OTOH...
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Torque
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December 19, 2014, 05:19:09 PM |
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This thread lost all sense of integrity/value for me when Risto started letting NotFuckchop park his relentless trolling dribble here.
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NotLambchop
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December 19, 2014, 05:24:48 PM |
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This thread lost all sense of integrity/value for me when Risto started letting NotFuckchop park his relentless trolling dribble here.
 Thanks for sharing, tho. |
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nakaone
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December 19, 2014, 06:00:28 PM |
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Very few people knew about BTC in 2011. A little bit more people knew about BTC in 2012. More people heard about BTC in 2013. By 2014, a lot more people heard about BTC since it was talked in the media more than before.
More people are progressively using BTC each year since starting with a ridiculous low amount of tech enthusiasts in 2010 or 20011.
Ignore difficulty decreasing! Ignore the fact that some miners are already underwater! Ignore price! Ignore problems with a currency using PoW!
From 0 people using BTC we went to a number a little bit higher each year!
The only conclusion? Bullish! To the moon! 10k before tomorrow!
My almost entire milieu is full of people that are studying or have finished their studies. none of them can explain you properly what bitcoin is - some have a vague idea. they are in their mid/end 20s, excellently educated (most of them economists or mathematicians) and they live in one of the richest countries in the world. all of them are used to facebook dropbox, online banking etc. pp. I assume that at best 1-3% of the developed world have a proper understanding of this stuff. |
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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December 19, 2014, 08:28:04 PM |
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What's happening is not by accident... The price pressure, the timing of the auctions, articles like "is bitcoin done?" etc are co-ordinated.
TPTB want to highlight in every financial and mainstream media the message that "the worst investment of 2014 = bitcoin". Just count the number of articles with that theme in the next couple of weeks.
yep, the on-song trolls started with 'the message' a few weeks back. |
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Biodom
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Activity: 3752
Merit: 3868
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December 19, 2014, 09:02:24 PM |
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Very few people knew about BTC in 2011. A little bit more people knew about BTC in 2012. More people heard about BTC in 2013. By 2014, a lot more people heard about BTC since it was talked in the media more than before.
More people are progressively using BTC each year since starting with a ridiculous low amount of tech enthusiasts in 2010 or 20011.
Ignore difficulty decreasing! Ignore the fact that some miners are already underwater! Ignore price! Ignore problems with a currency using PoW!
From 0 people using BTC we went to a number a little bit higher each year!
The only conclusion? Bullish! To the moon! 10k before tomorrow!
My almost entire milieu is full of people that are studying or have finished their studies. none of them can explain you properly what bitcoin is - some have a vague idea. they are in their mid/end 20s, excellently educated (most of them economists or mathematicians) and they live in one of the richest countries in the world. all of them are used to facebook dropbox, online banking etc. pp. I assume that at best 1-3% of the developed world have a proper understanding of this stuff. Do you have a proper understanding of how iphone works? or TV? Most people don't , but they know enough to use these devices. Same for bitcoin. try breadwallet on your phone and see how difficult it is (hint: not difficult at all). |
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