11–17 of 17 posts
Awesome. Is there a way to overlay the price? Also, it may be because it has just launched, but it would be cool to see a longer history with overlaid price. Why stop at bitcoin? I'm sure the infrastructure you've developed can adapt to different keywords (company/product names).
that's cool. so, how does it work?
Earlier quoted context omitted.
What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly the US market, wich is a tiny fraction of the worldwide Bitcoin market. As to the Coinlab vs. MtGox lawsuit, people know that these companies care about Bitcoin above anything else, so they won't let the lawsuit affect it. Eg. if people started panic-selling, y…
> the US market, wich is a tiny fraction of the worldwide Bitcoin market How do you come to this conclusion? Take a look at the volume on bitcoincharts. mtgoxUSD is beating the pants off everything in terms of volume. It also loses tons of volume after the seizure on the 17th. This is pretty consistent with the idea that most BTCers are in the United States (most of the exchange volume is BTC USD) and their behavior…
1. Why do you equate mtgoxUSD to the US market? The majority of MtGox customers trading USD are non-americans.
2. Only ~20% of the Bitcoin connected nodes are located in the USA: http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-gl...
3. Only ~9% of the world internet users are americans, making the USA a tiny market with respect to the potential future of Bitcoin.
4. bitcoincharts exclude many foreign exchanges (metabank in Russia, where Bitcoin is HUGE), all private trades (eg. Avalon claimed they sold all the bitcoins they needed to sell to build their 110nm ASIC at TSMC, to private buyers in China; the fact they were able to do this with no pb just tells you how big private trading is in China), etc.
Earlier quoted context omitted.
What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly the US market, wich is a tiny fraction of the worldwide Bitcoin market. As to the Coinlab vs. MtGox lawsuit, people know that these companies care about Bitcoin above anything else, so they won't let the lawsuit affect it. Eg. if people started panic-selling, y…
> What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly the US market, wich is a tiny fraction of the worldwide Bitcoin market. While there is a clear trend towards globalization of Bitcoin underway, the USA historically and currently, dominates the lion's share of the market. [1][2] [1] http://bitcoinstatus.rowit…
$ HEAD http://bitcoinstatus.rowit.co.uk/countryHostsMonth.png
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Last-Modified: Sun, 21 Oct 2012 05:05:27 GMT
And indeed, [2], which is from this week, directly contradicts [1]: it shows that the share of Bitcoin nodes located in the USA is only 20% (and has been dwindling). China already equated or surpassed the USA (they are also at 20%).
Earlier quoted context omitted.
> the US market, wich is a tiny fraction of the worldwide Bitcoin market How do you come to this conclusion? Take a look at the volume on bitcoincharts. mtgoxUSD is beating the pants off everything in terms of volume. It also loses tons of volume after the seizure on the 17th. This is pretty consistent with the idea that most BTCers are in the United States (most of the exchange volume is BTC USD) and their behavior…
"How do you come to this conclusion?" 1. Why do you equate mtgoxUSD to the US market? The majority of MtGox customers trading USD are non-americans. 2. Only ~20% of the Bitcoin connected nodes are located in the USA: http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-gl... 3. Only ~9% of the world internet users are americans, making the USA a tiny market with respect to the potential future of Bitcoin. 4. bit…
So why does their volume drop off after the 17th? That's the reason why I brought that up - only Americans are effected by the Dwolla closure.