So I think mister chartbuddy's chart is beginning to shift to the right.
According to my data, the number of new users learning about Bitcoin is still decreasing.
(This is an index number based on statistics from websites/webpages explaining about bitcoin.)
Today's index (not plotted here but on hourly chart) looks like it's going to be a new yearly low for a Friday.
why does your "chart" only go back until January 2014? That is a bit selective of a rendition of the situation, isn't it?
Here's a page that compares Google Trends data to the price:
http://cryptocoinstats.com/interesttracker.phpI'm optimistic about impact of the Fed's new report.
Federal Reserve: Bitcoin Potential 'Boon' for Global Commerce
http://coinde.sk/1ki5Zeh Why should volatlity decrease?
because maybe it's the FED itself who is manipulating the price in a flat narrow band?
Alternatively, it must be someone else. Any guess on who/why?
When there's more money trading/holding and the price rises, it takes an increasing amount of money to move the price up or down.
http://cryptocoinstats.com/pricetracker.phpWatching that has been a blast. I now have a pretty green graph. Can't stop watching.
I'm hodling.
That's what the smart people do.
Billionaires are smarter, study says:
http://www.cnbc.com/id/101679720Sign me up.
Well, I hope this continues. Price only has to go to $3000.00 USD to break even on my $12k investment between buying in Feb/March and investing in mining gear.
Ha.
Ouch.
Don't worry, the price will be $6,485.5559 in a year.
http://cryptocoinstats.com/priceforecaster.phpInteresting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?
It's judgment day for the altcoins, a whole bunch of them will have to die because we simply have too many of them. A few will survive and will come out stronger I think, but we'll just have to wait and see.
I agree and I am looking forward to some alts dying off. Hopefully when the next overall alt bubble (ie not just darkcoin etc) the alt economy will have pruned back a bit, easier to ride the bubble that way and not get caught holding the wrong coins.
Lots of money chasing the BTC rise. Usually once BTC levels off some of the money flows back to the Alts.
normally i'd be expecting a bit of a pull back from here, ( up 20% in 4 days... ) but volume on these down swings indicates strong support, and will probably absorb all selling pressure and simply move higher, soon.
i'm thinking market action in the 600's will be critical to really gage supply vs demand, and setting a long term target.
all signs point to 600+ in the next few days.
I'm still expecting us to get much closer to the blue trend line:
http://cryptocoinstats.com/priceforecaster.phpFibonacci say..
Don't panic.
I think we're rising again.
http://cryptocoinstats.com/pricetracker.php
I think its safe to leave the charts for the weekend and just have a price alarm set. Enjoy your bank holidays (if your in the UK)!
How can we do that please ? ( for free as possible )
I know of a few Android apps that will do that for you.
Learn to sell and take profit during an uptrend, the train isn't going to the moon so soon, there will be a deep correction soon.
Learn bitcoin. The train IS going to the moon ($5000-$6000 in this case most likely). This is what bitcoin does. The deep correction will be in August, down to a "low" of $2000 at least by December.
I'm with you. I think we could even see $6,000+ in a year.
http://cryptocoinstats.com/priceforecaster.phpThus, anyone who does not consider the log trendline indicative of probable future pricing is a fringe extremist.
Tell us how you really feel.
so is this bubble burst or is this normal or what?
We are so not in a bubble.
http://www.cryptocoinstats.com/priceforecaster.php