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Author Topic: 2012-05-04 Bitcoin’s “Hockey Stick” Growth Attributed To Novel Gaming Service  (Read 1306 times)
PawShaker
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May 05, 2012, 04:39:58 AM
 #1

Bitcoin’s “Hockey Stick” Growth Attributed To Novel Gaming Service

Eleven months ago Bitcoin’s trajectory was nearly vertical as each day brought a higher price and the daily transaction volumes on the Bitcoin network were seeing new record levels each day as well.  But then suddenly the ascent stopped and what followed was a long slide back towards earth.

In the months that followed those June 2011 highs the exchange rate had dropped by more than 90% from the earlier highs and the transaction volumes had dropped as low as 68% from the peak.  While the exchange rate is still down considerably with bitcoins trading around $5 USD now the daily transaction volume has shot back up and is once again breaking new records.
[...]

http://www.bitcoinmoney.com/post/22374833252/sastoshi-dice-launch

Note: Looks almost like an ad for SatoshiDice, however if observation on number of transactions is correct it may be interesting.

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May 05, 2012, 11:07:34 AM
 #2

Since the price has been stable around 5 USD for the past two months or so while, in the same time period, more than 400 000 new bitcoins were created, we are also witnessing a steady growth of the market capitalization.

Is there a graph somewhere plotting the total market cap over time ?




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May 05, 2012, 11:59:10 AM
 #3

Is there a graph somewhere plotting the total market cap over time ?

http://www.blockchain.info/charts/market-cap

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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May 07, 2012, 07:45:40 AM
 #4

Is there a graph somewhere plotting the total market cap over time ?

http://www.blockchain.info/charts/market-cap
Thanks, I had missed that one.




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