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Topic: Here's how you can anticipate a coming crash/correction (Read 17401 times)

legendary
Activity: 1708
Merit: 1020
So how to anticipate whether a price correction is coming or warranted? Following the data points below over time should warn you ahead of others if interest is waning.

won't warn you ahead of anyone who doesn't also look at these charts, unfortunately. also all of these indicators are 'lagging' indicators.

--arepo
+1 Or did anybody see an "on time" indicator other than crazy price increase?
sr. member
Activity: 448
Merit: 250
this statement is false
So how to anticipate whether a price correction is coming or warranted? Following the data points below over time should warn you ahead of others if interest is waning.

won't warn you ahead of anyone who doesn't also look at these charts, unfortunately. also all of these indicators are 'lagging' indicators.

--arepo
member
Activity: 73
Merit: 10
BTC
sr. member
Activity: 353
Merit: 251
For some reason I thought the charts in OP would automaticly update, but I see they don't. Would it be possible to make them update in this thread? Smiley
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
Mt.Gox could solve its nuisance micro-order problem with much lower fees [than E*Trade]. And they would rid themselves of the front-running suspicion as well.

Sounds like a solid business plan for a competitor...

Mt.Gox has captured a natural monopoly. Or, to explain it with a saying, translated from lower German, "The devil shits by the biggest heap."

Competition is possible, but the competitor would face a very steep up-hill struggle for a long while. Mt.Gox could lower their fees to much lower rates and still make money.

That said, I would greatly appreciate more competition.

You are quite right that the fees are exorbitant now. I expect a serious competitor to gox to emerge within the next year probably in the US now that it is essentially legal. It will take big money to dethrone them, which is fine because big money is being tossed at this at the moment anyway.
legendary
Activity: 1708
Merit: 1020
word is the lag comes from them having to go through all the orders and check whether there is enough dough behind them. Tux wrote somewhere they will change it so that every order has to be backed, which should make the systems way faster. Hope they do this change soon.

But they don't have to go through all the orders. They only have to check whether an order is funded exactly once, when it is about to be executed. If it is not funded at that moment, it is deleted.
No, because another order could have freed money/coins to back another order.

Quote
Their actual problem is that they have no base rate, like every other online broker has. Therefore they have to process millions of tiny nuisance orders all the time. Bitcoin is not a micro-payment system anyway.
That I don't get either. Would be so simple.
hero member
Activity: 695
Merit: 500
Mt.Gox could solve its nuisance micro-order problem with much lower fees [than E*Trade]. And they would rid themselves of the front-running suspicion as well.

Sounds like a solid business plan for a competitor...

Mt.Gox has captured a natural monopoly. Or, to explain it with a saying, translated from lower German, "The devil shits by the biggest heap."

Competition is possible, but the competitor would face a very steep up-hill struggle for a long while. Mt.Gox could lower their fees to much lower rates and still make money.

That said, I would greatly appreciate more competition.
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
Bitcoin price is a google trends predictor.
+1
Excactly. The price seems to drive the interest more than the other way around although although both views are true to some degree. People like to make money.

Technically, its a feedback loop so its circular, not single direction.
sr. member
Activity: 406
Merit: 286
Neptune, Scalable Privacy
Bitcoin price is a google trends predictor.
+1
Excactly. The price seems to drive the interest more than the other way around although although both views are true to some degree. People like to make money.
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
Their actual problem is that they have no base rate, like every other online broker has. Therefore they have to process millions of tiny nuisance orders all the time. Bitcoin is not a micro-payment system anyway.

What's this base rate or base price you're talking about?

A fixed amount for each transaction. Example: E*Trade asks for $9.99, less under certain circumstances, for each stock and options trade, 75¢ per options contract, and $1 per online bond trade, no matter which value.

Mt.Gox could solve its nuisance micro-order problem with much lower fees. And they would rid themselves of the front-running suspicion as well.

Sounds like a solid business plan for a competitor...
hero member
Activity: 695
Merit: 500
Their actual problem is that they have no base rate, like every other online broker has. Therefore they have to process millions of tiny nuisance orders all the time. Bitcoin is not a micro-payment system anyway.

What's this base rate or base price you're talking about?

A fixed amount for each transaction. Example: E*Trade asks for $9.99, less under certain circumstances, for each stock and options trade, 75¢ per options contract, and $1 per online bond trade, no matter which value.

Mt.Gox could solve its nuisance micro-order problem with much lower fees than those of E*Trade. And they would rid themselves of the front-running suspicion as well.
full member
Activity: 238
Merit: 100
You don't see it at 0 when you go here?

http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q

I followed the link in the OP, then set the filter on the left to "past 90 days"

I see it dropping to zero for the last data point when I use your link. Instead I look at a graph that goes from June 2010 to March 2013 (custom date).

It's back to normal for me now. 20 Minutes ago it was a straight line down to 0 for March 31st, but only on the 90day view. Odd
member
Activity: 62
Merit: 10
You don't see it at 0 when you go here?

http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q

I followed the link in the OP, then set the filter on the left to "past 90 days"

I see it dropping to zero for the last data point when I use your link. Instead I look at a graph that goes from June 2010 to March 2013 (custom date).
full member
Activity: 238
Merit: 100
The google trend currently shows 0 when looking at the 90-day. I know it's a holiday weekend, but 0?

It works for me and it just surpassed its all-time peak last week. The previous peak was June 12-18, 2011.

You don't see it at 0 when you go here?

http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q

I followed the link in the OP, then set the filter on the left to "past 90 days"
member
Activity: 62
Merit: 10
Market depth graph shows that no crash can be expected in nearest days. Seems it will touch $100 very soon.

I remember it looked like the reverse of that before much of the recent runup.
member
Activity: 62
Merit: 10
The google trend currently shows 0 when looking at the 90-day. I know it's a holiday weekend, but 0?

It works for me and it just surpassed its all-time peak last week. The previous peak was June 12-18, 2011.
donator
Activity: 784
Merit: 1000
Market depth graph shows that no crash can be expected in nearest days. Seems it will touch $100 very soon.
full member
Activity: 238
Merit: 100
The google trend currently shows 0 when looking at the 90-day. I know it's a holiday weekend, but 0?
member
Activity: 62
Merit: 10
Their actual problem is that they have no base rate, like every other online broker has. Therefore they have to process millions of tiny nuisance orders all the time. Bitcoin is not a micro-payment system anyway.

What's this base rate or base price you're talking about?
newbie
Activity: 34
Merit: 0
Thank you OP.  It was helpful seeing this all collected in one place. 
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