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Author Topic: Infographic: why the sky is the limit on bitcoin prices  (Read 4153 times)
dacoinminster
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June 26, 2012, 08:41:14 PM
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I love trying to figure out how much capital could eventually move into bitcoin. Here's an infographic I made to try to describe the potential:



The infographic is part of a larger presentation on the potential of bitcoin which I made.

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BitcoinFunding.com
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June 26, 2012, 09:10:09 PM
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Excellent article, thanks.

Official support account of https://bitcoinfunding.com/
Raise money fast!
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June 26, 2012, 10:00:30 PM
 #3

I love trying to figure out how much capital could eventually move into bitcoin. Here's an infographic I made to try to describe the potential:



The infographic is part of a larger presentation on the potential of bitcoin which I made.

Don't post shit like that or I might turn more bullish.
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June 26, 2012, 10:06:22 PM
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This perspective is not new to me. However I like the doodle Cheesy
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June 26, 2012, 10:06:57 PM
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Another bullish signal: close to all times high in number of transactions excluding top 100 https://blockchain.info/charts/n-transactions-excluding-popular

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June 26, 2012, 11:10:18 PM
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Another bullish signal: close to all times high in number of transactions excluding top 100 https://blockchain.info/charts/n-transactions-excluding-popular



What caused this?  ASIC pre orders?
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June 26, 2012, 11:15:42 PM
 #7

I love trying to figure out how much capital could eventually move into bitcoin. Here's an infographic I made to try to describe the potential:



The infographic is part of a larger presentation on the potential of bitcoin which I made.


This is great stuff.  Thanks for making it.
dacoinminster
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June 27, 2012, 12:19:45 AM
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Lots of people are discussing this on reddit: http://www.reddit.com/r/Bitcoin/comments/vncz4/infographic_why_the_sky_is_the_limit_on_bitcoin/

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June 27, 2012, 07:48:24 AM
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Another bullish signal: close to all times high in number of transactions excluding top 100 https://blockchain.info/charts/n-transactions-excluding-popular

What caused this?  ASIC pre orders?

I dont think so, 6 thusands preorders in one day? Bit much.


Edit: And today we broke ATH!
notme
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June 27, 2012, 03:25:26 PM
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Another bullish signal: close to all times high in number of transactions excluding top 100 https://blockchain.info/charts/n-transactions-excluding-popular

What caused this?  ASIC pre orders?

I dont think so, 6 thusands preorders in one day? Bit much.


Edit: And today we broke ATH!

Many of those preorders would involve multiple transactions as people move funds from investments to their wallets before spending them.  Also, there was about 50,000 BTC worth of preorders the first day, so while it is unlikely it accounts for all 6,000 transactions, it certainly could put a dent in that figure.

https://www.bitcoin.org/bitcoin.pdf
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dacoinminster
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June 27, 2012, 06:50:54 PM
 #11

People are so much nicer and more intelligent here than on Reddit. I'm not sure if its because there are less 12-year-olds here, or just that people on this forum have already done lots of thinking on these topics.

It seems like reddit reaches a very wide audience, and this forum reaches a very smart audience. Smiley

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June 27, 2012, 08:01:33 PM
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People are so much nicer and more intelligent here than on Reddit. I'm not sure if its because there are less 12-year-olds here, or just that people on this forum have already done lots of thinking on these topics.

It seems like reddit reaches a very wide audience, and this forum reaches a very smart audience. Smiley

well, you cant even post here till you are white listed. Filters a lot of garbage out. Swing by the newbies forum sometime...
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June 27, 2012, 08:13:09 PM
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People are so much nicer and more intelligent here than on Reddit. I'm not sure if its because there are less 12-year-olds here, or just that people on this forum have already done lots of thinking on these topics.

It seems like reddit reaches a very wide audience, and this forum reaches a very smart audience. Smiley
You have to remember that 18% of us have PhD's or Masters.
dacoinminster
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June 27, 2012, 08:17:22 PM
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You have to remember that 18% of us have PhD's or Masters.

That's awesome! What is your source for that number? Did somebody do a poll?

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June 27, 2012, 09:15:49 PM
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That's awesome! What is your source for that number? Did somebody do a poll?

We are PhD's and Masters; we are the source. Duh.  Roll Eyes

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June 27, 2012, 09:18:49 PM
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You have to remember that 18% of us have PhD's or Masters.

That's awesome! What is your source for that number? Did somebody do a poll?
Yeah, there was a poll with 200+ respondents.  Don't know where though, you'll have to search for it.
dacoinminster
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June 27, 2012, 09:50:17 PM
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https://bitcointalk.org/index.php?action=profile;u=10933
It was his poll.

It is nice to see this information in a visual manner.


Looks like the numbers have changed somewhat, but still a pretty well-educated crowd. Also, with reputation mattering so much here, people are a lot nicer to each other.

It would be amusing to see the same education poll taken of bitcoin redditors Smiley

EuSouBitcoin
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June 27, 2012, 09:59:57 PM
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Is SatoshiDice having a big effect on the number of transactions?
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June 28, 2012, 04:05:20 AM
 #19

People are so much nicer and more intelligent here than on Reddit. I'm not sure if its because there are less 12-year-olds here, or just that people on this forum have already done lots of thinking on these topics.

It seems like reddit reaches a very wide audience, and this forum reaches a very smart audience. Smiley

While there are some very smart people posting on this board I have considered more than once that this site is trafficked by a large number of total morons.

dacoinminster
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June 28, 2012, 04:02:13 PM
 #20

Is my math correct that bitcoin is 1/1675400000

Well, I doubt anybody would make the case that ALL that money is moving into bitcoin. It's more of an exercise in showing how much money is floating around out there, and how tiny the value of bitcoins are in comparison. How much of that money will actually move into bitcoin is an exercise for the reader!

While there are some very smart people posting on this board I have considered more than once that this site is trafficked by a large number of total morons.

There are some, to be sure. It's just that the ratio is noticeably different from other places.

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