Yea hopefully. though many are just converting to bitcoin and then selling anyways...
Note that in my original post the image updates with each refresh. wasnt intending it but holy shit thats so fricking COOOL
also WOW ITS GOING UP LIKE FUCK AWW YEA
Topic: do you want the rally to start? (Read 1021 times)
Maybe these other coins, like IX and I0 are pulling miners away from Btc?
thats great to monitor how people are gaining interest in bitcoin but how do you gauge the amount of people interested in buying bitcoin from these trends. For the price to go up people need to be buying more than selling, how do you assess from these trends if these newly interested people are here to mine and sell BTC or buy BTC and save it in a wallet?
The newly interested people in bitcoin are probably not all that interested in mining as it requires a lot of effort to start. It's not exactly proven, but I'm PRETTY SURE that the ratio of new people is more people buying and less people mining. And as I said, in the past when google trends for bitcoin was up, the price soon after went up not down.
This is really interesting and really helpful
thats great to monitor how people are gaining interest in bitcoin but how do you gauge the amount of people interested in buying bitcoin from these trends. For the price to go up people need to be buying more than selling, how do you assess from these trends if these newly interested people are here to mine and sell BTC or buy BTC and save it in a wallet?
what is on that graph that makes you think it is not going to come down?
I'm not exactly an expert, this is just my rudimentary analysis.
Also if you spend some time on the speculation board you can see people discussing how google trends does seem to have had an affect in the past, and if you check out http://www.google.com/insights/search/#q=bitcoin%20mining%2Cbitcoin%2Cbitcoins&date=today%207-d&cmpt=q you can see how interest in bitcoin has sharply increased just in the last day.
Also membership registration for this forum also seems to be a goo indicator for who is interested in bitcoin, and this has also been increasing the past few days
https://bitcointalk.org/index.php?action=stats
what is on that graph that makes you think it is not going to come down?
So is it going up or down tomorrow?
Who knows? one thing I do know, that graph does not tell you about the future, it tells you about the past.
So is it going up or down tomorrow?
I think it's safer to say that it's staying put for now.
We've had some low volume the past few days.
what is on that graph that makes you think it is not going to come down?
So is it going up or down tomorrow?
what is on that graph that makes you think it is not going to come down?
What do you want me to explain about the graphs? It's just the history of the price, with an indicator that seems to show the movement of the price. The 2 graphs that the bottom is positive and negative volume index. I'm not really good at technical indicators myself but they seem to do a good job of showing the movement of the price. This is all from http://bitcoincharts.com/charts/mtgoxUSD#rg2zig1-minzpsztgSzm1g10zm2g25zi1gPVIzi2gNVI
I'm saying you should by now because the price is going up, and it looks very unlikely that the price is not gonna come back down. Meaning if you want to get the cheapest price possible you should buy RIGHT NOW as the next moment the price is probably going to be higher than it was in this moment.
I'm saying you should by now because the price is going up, and it looks very unlikely that the price is not gonna come back down. Meaning if you want to get the cheapest price possible you should buy RIGHT NOW as the next moment the price is probably going to be higher than it was in this moment.
Can you explain the graphs and say how you know we should buy now?
BUY BUY BUY!!!!!!!!!!!!
=p
=p
Thanks for the tip!
(Although you forgot to write BUY BUY BUY!)
(Although you forgot to write BUY BUY BUY!)
YOU CAN MAKE IT HAPPEN RIGHT NOW!!
THERE'S A MINI RALLY HAPPENING RIGHT NOW, REACHING THE HIGHEST IT'S EVER BEEN SINCE ~3 days. More importantly
IT'S THE FIRST UPWARD TREND SINCE ~5 days.
THE PRICE IS ONLY GOING HIGHER AND HIGHER, IF YOU WANT TO MAKE A PROFIT BUY NOW IT'S THE LOWEST IT WILL BE
THERE'S A MINI RALLY HAPPENING RIGHT NOW, REACHING THE HIGHEST IT'S EVER BEEN SINCE ~3 days. More importantly
IT'S THE FIRST UPWARD TREND SINCE ~5 days.
THE PRICE IS ONLY GOING HIGHER AND HIGHER, IF YOU WANT TO MAKE A PROFIT BUY NOW IT'S THE LOWEST IT WILL BE
Jump to: