Topic: Bitcointalk back up, Bitcoin falling again. Connection? (Read 2230 times)

Maybe forum trolls gets bored and start buying bitcoins. Or maybe forum is only thing that keeps bitcoin sellers by computer and they then spend time elsewhere and not selling their bitcoins.

No, your fake endless 1 post alts vomiting low tier FUD have no impact on the price. You alt FUDsters aren't that important.
Who has an impact on the price? Big ass whales, and they want cheap BTC, so don't expect a rally anytime soon, they are getting feed before even bigger whales get in and the price goes 6 figures.

Correlation does not imply causation.

/thread

That does seem like a reasonable correlation, reduce posts and go and trade a few coins instead.
A variety of factors could determine it but if I was going by the results of a study in the economics section of the forum it would be because more people go to wikipedia to check what Bitcoin is and twitter posts increasing related to Bitcoin that causes a marginal blip in prices whenever the forums go down due to short term correlations well at least they used some calculations to back their arguments.

https://bitcointalksearch.org/topic/m.11460797

Using Time-Series and Sentiment Analysis to Detect the Determinants of Bitcoin Prices

See http://papers.ssrn.com/sol3/Papers.cfm?abstract_id=2607167

Abstract:      

This paper uses time-series analysis to study the relationship between Bitcoin prices and fundamental economic variables, technological factors and measurements of collective mood derived from Twitter feeds.

Sentiment analysis has been performed on a daily basis through the utilization of a state-of-the-art machine learning algorithm, namely Support Vector Machines (SVMs).

A series of short-run regressions shows that the Twitter sentiment ratio is positively correlated with Bitcoin prices. The short-run analysis also reveals that the number of Wikipedia search queries (showing the degree of public interest in Bitcoins) and the hash rate (measuring the mining difficulty) have a positive effect on the price of Bitcoins. On the contrary, the value of Bitcoins is negatively affected by the exchange rate between the USD and the euro (which represents the general level of prices). A vector error-correction model is used to investigate the existence of long-term relationships between cointegrated variables. This kind of long-run analysis reveals that the Bitcoin price is positively associated with the number of Bitcoins in circulation (representing the total stock of money supply) and negatively associated with the Standard and Poor's 500 stock market index (which indicates the general state of the global economy).

If you read some posts from 2011 it was no different then. In fact it might have been worse because Bitcoin had not been adopted by anywhere near as many people back then and it was easier to make FUD work.

another hopeless stupid post without any economical background in the sole possible outcome of trying to create a FUD. this forum is getting ridiculous as day passes by

connection confirmed.

Knock the site offline to trigger a massive rally.

IMO if its gone up, its not gone up by much. The price has been as steady as a rock this last few weeks, apart from the odd movement of a few dollars up or down. Big events seem to have a massive impact on the price, not what people post here.

maybe because everyone start trading some coins(thus mostly buying at first) instead of posting for their sig, this could be a reason

Thats just cause people temp freak out for no reason.

I dont know, fear always have a dent into price just imo.

Well everytime the forum has gone down for a few days the price does seem to go up for a bit
It's likely a coincidence or maybe sentiment turns positive when everyone is off the main feed.

Maybe if the forum was off-line for like an entire 2 weeks then maybe.

Cause then I`d point out where most of the forum members do transactions here on the currency exchange section, that dont want to pay a premium for it.

Happens the same to me but doesn't affect at all.


So many scams out there, makes it difficult task to stay active in the market, we deserve some free time bullying this forum 
Back to the topic, 30,000 - 50,000 Bitcoin buyings sellings move the price, but we? JA!

I disagree with it going up. It's been pretty stable for the past few weeks.

I don't think they have any connection! It is just the troll talking some nonsense here! The bitcoin price is stable now!

The bitcoin price is very stable around $235.

It doesn't make any sense! Does anyone calculate how many BTC are paid to the users involved in sig campaign? Comparing with mining reward in the same time span, it is just small! Besides that, users are by hard working to get the small amount of BTC. I don't think they will quickly dump them at lower market price!

I actually did noticed since forum is back that is a bit slower as it was. But maybe is just my congestion. Before it never happened connection timed out. Yesterday did few times to me.

That means less people pumping btc for fiat, so the reason for the pump?

I think a lot of btc business is done thru this forum, if it goes away, a lot of uses and a big part of the btc ecosystem go away

Don't quote yourself, it's pretty tacky. How did you spend your days off recently? Probably double-clicked your mouse a lot I bet. I wish you'd go to rehab and get yourself straightened out, you have a better things to do in life than hang around here when you have no care about what happens since you have no exposure.

newbies might fall for what trollers have to say. especially if the troller is a member with a high ranked account. just by using common sense you can see that they are full of rubbish.

Maybe all the bulls are here now, instead of being active in the market. 

This.
No way does the forum being down effect the price of bitcoin.
How many regular posters do we have here, maybe a few thousand, if that?
The amount of money that gets traded in bitcoin every day is huge compared to the amount of people here.
Most big players probably don't even use this forum.

sure they do!!

To the trolls, its more of a gratification response, I think.

I mean I wouldnt be praising over 3-4 dollar difference either lol. Not only that, they just wanted a free cup of coffee at mcdonalds I guess.

Bitcoin price was to fall anyway so I don't think the server compromise of Bitcointalk has any connection however it might trigger some panic buttons in some new Bitcoin users.

I was actually impressed with how well the price held up during the hack, especially since it took quite awhile to get the site back up and there was a data theft.

Price usually drops a bit on Sunday anyway, it will be interesting to see if we get any rally this week as price has been edging up... slowly.

People here have too much free time I guess. Can't see any other reason why some one would open a thread like this just because the price goes up or down 3-4 bucks.

funny thing is that we are raising and declining by few pennies, but i still think that has nothing to do with the trollers that are living here

I dunno, the site has to be somewhat influential on the price otherwise people wouldn't pay all these sockpuppets to talk nonsense. I talk my own nonsense for free, much more fun.

This forum connected to bitcoin price?  Lol.  Maybe could influence it by a few pennies at most.

I wouldnt say its connected, cause the downtrend has been going on for awhile back.

But, who knows it might have shooken up people on how easily a forum gets compromised that its the same indication to say, how prices can be the same? as a gentle reminder. Who knows?

Do the trolls and fudsters really have that type of power? Maybe for a rally this site has to go bye bye.