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Topic: Is Bitcoin overpriced or needs more publicity? - page 2. (Read 2685 times)

hero member
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In case anyone else is interested.  I generated the following graphs using Google Insights search return for "bitcoin" for the last 53 weeks and MtGox weekly price data from bitcoincharts.com over the same time period.

The first graph plots the MtGox weekly close along with the Google Insight relative search indicator.  The second graph gives a better representation of the correlation.

From the top graph someone might say that bitcoins are are overpriced.  But looking at the bottom graph might give bulls incentive to pimp bitcoin as much as they can.  Here is a test.  Do you think there a correlation or not?

Pearson's r = 0.8817653





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