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Author Topic: Outside indicators  (Read 1256 times)
zby
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April 28, 2012, 07:23:42 AM
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Do you trade on outside indicators like Google trends or just news hits?  Or do you use only technical analysis?
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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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April 28, 2012, 07:28:05 AM
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Do you trade on outside indicators like Google trends or just news hits?  Or do you use only technical analysis?

I trade on hearsay, astrology, and reading the cracks in roasted chicken bones.  I also put faith in MACD, RSI, and ARGH.

Google trends is delayed a few days, but then again it also takes a few days to get set up to buy bitcoin.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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April 28, 2012, 09:30:24 AM
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Talking about google trends, we have nice spike now: http://www.google.com/insights/search/#q=bitcoin&date=today%201-m&cmpt=q
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April 28, 2012, 10:00:56 AM
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Talking about google trends, we have nice spike now: http://www.google.com/insights/search/#q=bitcoin&date=today%201-m&cmpt=q
That's what I am talking about - the technicals point down, down - but the indicators about bitcoin reaching out from the early adopters ghetto are improving.  Personally I rely more on the outside indicators - because without new funds flowing into the bitcoin economy the price cannot go up.
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April 28, 2012, 12:29:29 PM
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I follow everything but I put more weight on the so called outside indicators and also my general feeling on how Bitcoin is doing. All I can say for the current situation is that I'm not worried at all. I see the support levels continuing to climb, finally closing in on $5 which is where we'll have an interesting situation. Outside indicators and my general feeling is very good at the moment.

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April 28, 2012, 02:17:55 PM
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We now have a high on google search volume not seen since the "Anarchic new toy.." article on Reuters by Naomi O'Leary, since the 2nd of April. Tendency: Rising



You tell me what to make of it Wink
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April 28, 2012, 02:50:24 PM
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I attribute that google trends peak to http://www.reddit.com/r/girlsgonebitcoin and I am pretty sure that this is only the start - it has all the features to go viral in a big scale.
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April 28, 2012, 11:54:54 PM
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Also bitcoin was on a radio station and major newspaper in Melbourne Aust with Silk Road being talked about on a nation wide prime time TV show of course brining up bitcoins. So thats a lot of new people to take into consideration having interest in drugs or bitcoins.
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April 29, 2012, 08:30:51 AM
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About girls gone bitcoin, you guys seen this article on gizmodo? http://gizmodo.com/5905394/nsfw-reddit-women-are-getting-naked-for-bitcoins

Some quotes: "virtual currency that's not really worth anything", "internet funny money". I always thought there are ppl with brains on gizmodo, but they are clueless it seems.
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