Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33399. (Read 26497254 times)

At the very least, we can start plotting everything against everything on the bitcoincharts:  Meaningful graphs are bound to come up!

I really like the way you think!


Ref: Volume vs. transaction number

Without further information, we can't conclude anything, but I'll throw in another chart, which I think, could be helpful to determine, if more people use BTC on a daily basis:



More data to consider: other online wallets, client downloads and something like bitpay statistics

Of course.  That's what the red line's supposed to be (sort of ).  Can't we at least have some periodic functions?  
Edit:  I know it starts seeming like curve-fitting once you get to the green line, but what if...

If you plot a straight line using a log chart, you are in fact plotting an exponential curve. 

Keep seeing TA charts here, and the same nagging question comes up:  Why always straight lines?  Why not a more complex function?  Is there something fundamentally different about straight lines, other than rulers being handier than French curves? (as a minimum a half-serious question )

http://s20.postimg.org/jls225ovx/000.jpg

I haven't changed my mind.  I speak on the here and now and all seems quite at the moment.  If you continue to believe Bitcoin is out of the crosshairs of the USG and DHS, please feel free to continue in your delusions.    I have every confidence we WILL see double digits again.  Fundamentally, that hasn't changed.


If you actually followed my posts, you'd know I've never had more than 600 XRP up until last week, which I won a contest for 75k.  You can easily check my XRP and see what I have left....I'll wait..........................

Foot enter mouth.  

Why you would want me to repeat my beliefs, of the USG coming after Bitcoin, is beyond me.  My views have not changed but why repeat them every day.  Things seem bright, you all deserve to enjoy the moment.  If any of you was ever paying attention, you'd know that I don't actually spread FUD.  I just call things the way I see them.  I said last monday we'd see a rise, "possibly as high as 130".  BOOM! Most of my predictions are actually accurate since I've been here so, you believe who and what you want.

But since you just want a negative jewel, I'll give you one.  In the end, I still think Bitcoin will die or at least be marginalized to black market nothingness.  Why?  Because it defies human nature.  It is based on anti-trust beliefs, where systems like Ripple are, based on trust in one another.  Two different systems and in time only one can survive.  If history is any indicator, I put my money on trust verses anti-trust.  

Now please tell me how your desire for more negative has helped this thread. Or was it you really just thought you had a "gotcha" moment.    I'm too smart for you son.  Please go back to the kiddie table and stop trying to pick a fight where there currently isn't one.  

Yes Sr is back online.

I'm a short term bear, long term bull.  I want cheap coins, like anyone else.     Been actually "skimming" a few points between Ripple and BitStamp, best I can.

First, to be fair, you should probably quote exactly what it is your are questioning me about.

Now, my basis:

Listening to The Daily Bitcoin show, quite a few times now they have mentioned how donations using BTC is a very big use of it in general. And, they said it is growing (on their show). I know from my own habits, that for some reason, it feels good to tip using BTC. I'm not basing my statement on me, but adding weight to what they said on TDB show.

Daily purchases going up is all but certain. Taken from: http://www.zerohedge.com/news/2013-05-16/peter-thiel-gets-bitcoin-bug
"Back in March I noted that the company was putting up mind-boggling growth rate numbers.  Incredibly, the tremendous growth rate continues as they added another 1,900 merchants in April and are currently signing up around 100 additional merchants a day."

Now, how else am I to interpret 100 new customers a day being added? I think it is pretty clear that business using BTC is increasing.

BTC as a currency is certainly being neglected by a lot of people, most notably it's speculators. But, it is also seen as a store of value, albeit a risky one (I know, ironic). I think many of us feel it's use as a currency is a given as the benefits, the TREMENDOUS benefits, are overwhelming. So, to me, it is matter of fact.

Lastly, you say I'm enthusiastic about BTC. Yes I am, but that is such an underwhelming statement to make considering what I really see happening.  
Honestly, what BTC is and once you factor in the underlying technology and it's uses, to say this is a huge thing is not enough imo. It is a Black Swan, right before our eyes and it certainly appears to be anti-fragile as well. (see my sig). The only worry I do have though is regulation/government. But my bet is they are hoping to co-opt BTC and not so much slow it down. (Oh, I can't recall right now what SR is...)

IAS

Let me quote you again

So, on what basis did you said that?

I like that you are so enthusiast about bitcoin , but shouldn't we keep our head cool when posting things as facts ? , we're not kings of the world yet..
Bitcoins have gone up in price , but it's role as currency is almost neglected , even by its owners. (except sr).

And sincerly I wonder where bitcoin would be without SR sometimes.

What happened with "the US will go after Bitcoin and will kill it, Ripple will take over" and other FUD you spread non stop after the Dwolla situation? What made you to change your  mind?

Maybe you sold your useless XRPs and bought some BTC? Or you educated yourself a bit and understood that Bitcoin was designed to be immune to bans/regulation?

I'm a bit confused by your question. Where did I predict anything? Me not being shocked by a huge price range possibility?

Yes, I am supposing a lot, but aren't we all? And, I'm doing it in a sense of querying, searching and such. We don't know what it is we are dealing with and hence a lot of what I said. But I am not trying to say I know.

edit - to answer your question. If I see more transactions with decreasing volume, I would think that day to day transactions of BTC is taking place and that people see the current phase of price formation as an opportunity to collect, since we are seeing most sells met with buys (limiting downside). (So yes, people are collecting coins). Also, as others mentioned, perhaps early adopters, by their very nature and caring, don't want to sell into downward price movement so we have a huge volume of users holding coins on our side. Probably a relatively rare situation in "markets", where things are mostly just about money.

I fail to see the "rising transactions" on that graph.
But , if indeed they were up , what do you think?

How about an analysis on actual fact and numbers and not suppositions?
And i'm saying that because most of your predictions are based on suppositions. ))))))

So, would rising transactions but on less volume be a sign of "hoarding"?

Kinda hard to be wrong with a prediction range of 130-1000.    

Seriously though, without any really bad news, (major USG type news) I can't really find much fault in this analysis.  Speculation of course, but fair.  For me it's the same, really too soon to narrow down the "silver bullet" to the rise as so many new things are taking place.  It may very well be just a perfect storm building of incoming capital, aftermath of the convention, confidence after Dwolla and Liberty, may well have a positive affect soon.  Not sure how well Gyft sales are doing but there is just a ton of little positives that seem to be adding together nicely.

For you bulls, I have to admit, there is much to cheer about or at least be optimistic about in the short term.  Mid-long term is anyones guess but for now, enjoy the fact that I can find no legitamate FUD to spread around.  

depends on movement on mt.gox. If price stays more or less the same, then yes, it will take a while. But as soon as it is established above 136 (bid wall above 136), volume on bitstamp will rocket up and those walls will go down very fast indeed. 

Just saying what?