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Or maybe price is driving the interest?
Perfectly fair question, but I highly doubt there would be a 1:1 causal relation from BC price to twitter mentions of it. Trending topics are more of a critical-mass "hashtags trending with exponential growth" kind of thing.
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+1 Somehow I refuse to believe that this surge in price is natural.
Price fluctuation in tradeable products of any kind is never "natural", it is supply/demand-driven. And supply and demand are complex forces with much turbulence from a vast number of influences.
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Price fluctuation in tradeable products of any kind is never "natural", it is supply/demand-driven. And supply and demand are complex forces with much turbulence from a vast number of influences.
This is false, a lot of things are seasonal or weather related.
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A film (PiraMMMida) came out in 2011 depicting the rise and fall of MMM in early-90s Russia: https://www.youtube.com/watch?v=m-JgGV8cH1I http://www.imdb.com/title/tt1606652/
I did not expect this to be published on the official MMM Worldwide channel
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Speculation is a thing. BC is still infinitesimal in terms of the global economy and even relatively tiny movements of money can underline or pop a bubble.
Yes, and speculation is one of the forces affecting demand. There is no such thing as a "natural" price move in any tradeable product. The term has no meaning; all trading is based on some form of speculation or other forces.
So, the implication is it's what happens when you remove short term and artificial effects.
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> 9. If you don't own the keys, you don't own the bitcoins. Always the most important point. You need to hold your keys, and be the only person to do so (unencrypted). As for the rest, they can be summarized into this simple advice: If you're getting in, DO NOT spend more than you can afford to lose. You'll regret going into debt more than you'll regret not making a twice as big profit.
Interesting point. I have some BTC at Coinbase. Not sure how I proceed to own the keys?
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> 9. If you don't own the keys, you don't own the bitcoins. Always the most important point. You need to hold your keys, and be the only person to do so (unencrypted). As for the rest, they can be summarized into this simple advice: If you're getting in, DO NOT spend more than you can afford to lose. You'll regret going into debt more than you'll regret not making a twice as big profit.
Interesting point. I have some BTC at Coinbase. Not sure how I proceed to own the keys?
I find it ironic that if MMM is having an impact on the price, that irrational actors (people buying into MMM) are inflating the price of Bitcoin (mainly promoted by libertarians). Anyway, the up swing is impressive now and can't be dismissed as normal volatilty: https://bitcoinwisdom.com/markets/bitfinex/btcusd There will be a big drop at some point, no one really wants to sell when it's rising like this. This sort…
If it is MMM driven then at some point the organisers will want to cash out, a huge dump/sell of coins across multiple exchanges would kill the price, however they are unlikely to be able to sell all of their coins so it would hurt their remaining assets. A slow sell off would make more sense but given the illegal nature of the scheme they may not have a choice in the matter.
I keep biting my finger off, trading bitcoins seems so nice but to enter you need to give RID access to shady merchant, which is a bummer. Anyone know an exchange where btc can be bought simply with paypal?
Yep. I'm pretty sure MtGox was selling identities, as my california ID got maxed out on pseudoephedrine not much longer after I was MtGox verified. It was a bit awkward when I tried to get some flu meds from the pharmacy.
I keep biting my finger off, trading bitcoins seems so nice but to enter you need to give RID access to shady merchant, which is a bummer. Anyone know an exchange where btc can be bought simply with paypal?
Ranked in order of my preference. https://www.coinbase.com/global - Initial setup can be slow, as with identity verification, but once you're set up buying is relatively painless. Withdrawing can sometimes be slow, expect to wait 2 to 5 business days after purchasing before you can withdraw. Shadiness Level - Just shady enough it might work. 4.5 stars would cupcake again. (They're a YC company too, so you'd be helpin…
Coinbase operates a real exchange™: https://exchange.coinbase.com/
Available to US customers in most states and a few other countries. 0% fee if you add liquidity.