Cant remember where it was, but someone mentioned a while ago how transactions should reverse a downtrend, and start rising.
30 days.....
http://blockchain.info/charts/n-transactions?timespan=30days&showDataPoints=true&daysAverageString=1&show_header=true&scale=0&address=
Can btc transaction data be used as a leading indicator?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32427. (Read 26470804 times)
August 16, 2013, 08:30:34 AM
August 16, 2013, 08:03:00 AM
August 16, 2013, 07:02:49 AM
August 16, 2013, 06:55:45 AM
simple question for you guys
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
Because there is only a limited amount of them? Gold is quite divisible as well (theoretically to the AU atoms) but that hasn't stopped it in rising tremendously in the beginning. For the last 100-150 years or so the price is flat (inflation corrected of course) but Bitcoin isn't at that adoption level yet.
August 16, 2013, 06:49:02 AM
simple question for you guys
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
How is that related to price?
August 16, 2013, 06:46:38 AM
simple question for you guys
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)
August 16, 2013, 06:04:45 AM
You can buy cocaine for $2000 in Colombia and sell it for 20k in America. Guess why.
Cocaine is addictive; bitcoin is not.
August 16, 2013, 06:02:54 AM
August 16, 2013, 05:17:41 AM
You can buy cocaine for $2000 in Colombia and sell it for 20k in America. Guess why.
Cocaine is addictive; bitcoin is not.
August 16, 2013, 05:02:49 AM
August 16, 2013, 04:53:49 AM
Slowly but surely gox is dying with their incompetent approach to this business...
http://bitcoincharts.com/charts/volumepie/
http://bitcoincharts.com/charts/volumepie/
August 16, 2013, 04:52:26 AM
http://video.foxnews.com/v/2609080779001/bitcoin-investigation-is-this-the-end-of-virtual-currency/?playlist_id=921261890001
Bullish or bearish?
Bullish or bearish?
Imagine every time someone mentions the dollar and then just has to say that it can be used to buy drugs and other illegal things.
I wish people would get over it. Yes you can buy drugs with Bitcoin. Just like you can with any other currency.
It's such a simple thing to understand. Why can't they?
Not all blacks hanging out for hours in public places are drug dealers either.
It's just that, SR is the vast majority of the market there is no point in denying that.
I highly doubt that.
Maybe a year ago. Now far from.
It'll be a while before SR isn't the defining characteristic of the bitcoin "economy".
I know you will come up with a bunch of excuses instead of admitting you're wrong.
But whatever.
http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/
Keep in mind this is just from one merchant!
Bitpay is not a merchant. They process payments on behalf of merchants (dumping bitcoins on the market so merchants don't have to touch them). This is why Silk Road eclipses all "bitcoin merchants" who are just accepting USD through Bitpay. Regardless, again, what merchant or marketplace is in the same universe?
SR is really the primary organic source of consumers. For the same reason that no merchants want to touch bitcoins (volatility / exchange risk), holders are generally speculators. Who -- except those who are invested -- is going to jump through hoops to buy bitcoins for the sake of buying a gift card or a dating site subscription? Aside from SR, the entire "economy" is based on fiat currency -- hence the quotes. The article you posted actually proves the point -- everything is priced in dollars, as it should be -- that's all anyone cares about. Just the way "bitcoin merchants" want it. Bitpay simply maintains a flow of speculators taking profits via merchants who denominate their merchandise in USD.
August 16, 2013, 04:27:08 AM
I know you will come up with a bunch of excuses instead of admitting you're wrong.
But whatever.
http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/
Keep in mind this is just from one merchant!
But whatever.
http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/
Keep in mind this is just from one merchant!
There are no excuses needed, just look at the dates. We are talking about consistency here.
ASIC pre-order waves are hardly that.
And funny thing is bitcoin economy is silkroad and asics to generate more bitcoins.
August 16, 2013, 04:20:59 AM
I know you will come up with a bunch of excuses instead of admitting you're wrong.
But whatever.
http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/
Keep in mind this is just from one merchant!
But whatever.
http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/
Keep in mind this is just from one merchant!
There are no excuses needed, just look at the dates. We are talking about consistency here.
ASIC pre-order waves are hardly that.
August 16, 2013, 04:02:09 AM
August 16, 2013, 03:37:10 AM
anyone else unable to log into gox. goxxed. goddamnit.
can login fine
August 16, 2013, 03:14:20 AM
anyone else unable to log into gox. goxxed. goddamnit.
August 16, 2013, 03:03:29 AM
August 16, 2013, 02:52:48 AM
HAHA nice, big buy! 
August 16, 2013, 02:29:22 AM
Always amused by canadianbitcoins.com's graphs. Can someone tell me what the yellow line is?
I guess weighted price.
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