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Topic: Will the bitcoin price keep going down? (Read 1190 times)

legendary
Activity: 1176
Merit: 1010
Borsche
September 29, 2014, 02:41:28 PM
#5
This may be key info for next bubble

I read about it in a book

https://blockchain.info/charts/my-wallet-n-users


did your book by any chance mention that there could be about one gazillion secure online wallet services now, not just one blockchain as it was when the book was published? If not, then surprise surprise.
member
Activity: 252
Merit: 10
September 29, 2014, 12:29:59 PM
#4
This may be key info for next bubble

I read about it in a book

https://blockchain.info/charts/my-wallet-n-users

The numbers of my wallet users usually indicates next bubble

Last bubble was 800K users which was 400 or so support the book said

So book predicted next bubble at 10 fold increase of 8M my wallets

So 4K bubble at 8M users

It's at only 2.7M users now

Bubble before was 80K users and 40 buck btc support

So that's the theory

But the book warned that negative news could damage trust factor

It's basically a real world key index type of analysis key, as the percentage of real world users increases, the demand increases usually, so that was the general idea

IF the book is right then 80M users is the next major bubble after 8M users

Then 800M users

Then theoretical global currency and with only 20M potential coins the value of each BTC could be astronomincal

So user acceptance is the key index the book theorized

newbie
Activity: 42
Merit: 0
September 29, 2014, 12:19:59 PM
#3
It might keep droping for this year I guess, because of some of the closed market. Hoping for a better year next year.
legendary
Activity: 1120
Merit: 1000
Free & Fast Neotox Escrow http://bit.ly/1OGVykp
September 29, 2014, 12:15:50 PM
#2
i think BTC price should rise up from now to 480-510 range for next 2 weeks
its my personal opinion about bitcoin

newbie
Activity: 32
Merit: 0
September 29, 2014, 12:14:13 PM
#1
Im curious, what's your thoughts on this and why is the bitcoin price dropping so rapidly all of a sudden
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