2013-03-20 Zero Hedge---Spain & Bitcoin

ShadowOfHarbringer

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Quote from: BrightAnarchist on March 20, 2013, 08:32:18 PM

Quote from: hazek on March 20, 2013, 08:28:12 PM

hype BS

Yes, sure, maybe there's an increased volume from Europe but I'm much more inclined to think it's a minority trying to get in on the action of the recent price rise rather than people actually scrambling to get their wealth into a safe heaven. Bitcoin although I think it may one day be is not a safe heaven yet.

Agreed.

Agreed. If they were really trying to protect their wealth, we would already be at 200USD / 1BTC.

nwbitcoin

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You are a geek if you are too early to the party!

Its a nonsense story based mostly on the popularity position of bitcoin watching apps on the iPhone chart.

Seeing Spain is mostly Android, and these apps are English language, its not going to be difficult to get some chart movement if you have an article in an influential magazine to a very niche audience.

Funny, enough, us linking to the story, will give it more credibility to the Google trends when that comes out, and the whole cycle repeats!

Eventually, we we have is a lot of self perpetuating facts about how popular bitcoin is in Spain!

Don't you just love numbers?

Zomdifros

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Quote from: Spaceman_Spiff on March 20, 2013, 09:09:13 PM

On a side note. I think bitcoin is now being posted about more than silver on ZH --> WTF?

They even made it their headline. Don't be fooled by all the Mad Max idiots commenting on ZH, most readers are sane people looking for a +EV trade and they found out Bitcoin might be the trade of the century. So naturally Tyler likes it.

Also, do not underestimate the endorsements of Al Gore and Nassim Taleb (who is mentioned in the ZH post). Especially Taleb has a massive reputation among traders, and rightly so.

Spaceman_Spiff

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On a side note. I think bitcoin is now being posted about more than silver on ZH --> WTF?

No_2

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BTC: the beginning of stake-based public resources

A solid foundation in an unstable economy would be the making of bitcoin...

justusranvier

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Either here or on Reddit someone linked to a Spanish newspaper article about Bitcoin that came out before the Cyprus thing that was probably responsible for the uptick in mobile app downloads.

Spaceman_Spiff

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Quote from: hazek on March 20, 2013, 08:28:12 PM

hype BS

Yes, sure, maybe there's an increased volume from Europe but I'm much more inclined to think it's a minority trying to get in on the action of the recent price rise rather than people actually scrambling to get their wealth into a safe heaven. Bitcoin although I think it may one day be is not a safe heaven yet.

Indeed. Bitcoins traded a bit higher in dollars today than in euros (probably also because of the round number psychology barrier), so the euro purchases aren't the driving force at the moment.

BrightAnarchist

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Quote from: hazek on March 20, 2013, 08:28:12 PM

hype BS

Yes, sure, maybe there's an increased volume from Europe but I'm much more inclined to think it's a minority trying to get in on the action of the recent price rise rather than people actually scrambling to get their wealth into a safe heaven. Bitcoin although I think it may one day be is not a safe heaven yet.

Agreed.

hazek

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hype BS

Yes, sure, maybe there's an increased volume from Europe but I'm much more inclined to think it's a minority trying to get in on the action of the recent price rise rather than people actually scrambling to get their wealth into a safe heaven. Bitcoin although I think it may one day be is not a safe heaven yet.

jojo69

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diamond-handed zealot

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and terrifying

xcsler

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Yet another ZH article:
http://www.zerohedge.com/news/2013-03-20/spain-bitcoin-run-has-started

Topic: 2013-03-20 Zero Hedge---Spain & Bitcoin (Read 1248 times)