Google Trend for "Buy Bitcoin" over last 90 days

And for "Sell Bitcoin":

http://www.google.com/trends/explore#q=sell%20bitcoin&date=t...

Correlates nicely with its price. Check for example at https://www.bitstamp.net/

I think that's the trick with Bitcoin. The price is pretty much solely based on consumer interest. People get mad when I call it a scheme (they claim to be all hyped on tech & I'm not). Look the tech is fine (digital currency) but the way they set it up all pump-and-dump with diminishing returns is messy. That whole "deflationary" scheme or whatever they call it to make it sound like an economist would approve of it really just turns the whole thing into "Bitcoin is great as long as you can find a sucker to buy it when it's time to dump it". Terrible as a currency and even if you gain it will be at someone else's loss.

This guy's numbers aren't perfect but the article shows some key points about how the Bitcoin ecosystems numbers are kinda made up and the ecosystem is flawed as a trading platform (which is all it really is now). http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-...