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Google Trend for "Buy Bitcoin" over last 90 days

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Re: Google Trend for "Buy Bitcoin" over last 90 days

#51

Post by patrickk »

bobbles wrote: post #19
SwellJoe wrote: post #15

Earlier quoted context omitted.

Coinbase removed that delay. It's possible to sign up and buy within a few minutes. The coins are locked in a "pending" state, until you've verified your account quite thoroughly...but, they are bought on your behalf immediately. I think we've seen the spike from the senate hearings already, and have seen the correction afterward...setting a new lower bound for BTC (about $500USD), assuming nothing catastrophic happe…

A major retailer choosing to accept BTC as payment would be a logical next step for a media blitz. Think someone like Google accepting BTC as payment on the Google Play Store.

Could you imagine if Amazon started accepting Bitcoin. The price would skyrocket.

Re: Google Trend for "Buy Bitcoin" over last 90 days

#52

Post by joshuahedlund »

phryk wrote: post #48

This link made me realize that Alaska is fucking huge.

Alaska is very large, but there is some exaggeration at the north and south ends due to the choices this map style makes to flatten a sphere into a rectangle[1]

[1]http://en.wikipedia.org/wiki/Mercator_projection#Uses

Re: Google Trend for "Buy Bitcoin" over last 90 days

#53

Post by anon4 »

epaga wrote: post #12
danielq wrote: post #5

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

Correlates with about a 5-7 day delay due to needing verification before you can purchase. In other words: now is a pretty good time to buy before the crowd arrives that juts heard about bitcoin because of the Senate hearing...

> now is a pretty good time to buy

Are you bonkers? Price rose nearly 10 times in about a week. That's practically textbook definition of a bubble. Wait until it crashes and comes down to 200$.

Re: Google Trend for "Buy Bitcoin" over last 90 days

#54

Post by fat0wl »

Kequc wrote: post #45
mrb wrote: post #27

Earlier quoted context omitted.

Watch your mouth! I will not tolerate insults. To answer your ramblings: you are wrong, currencies have to be compared to other currencies to estimate their worth. The Euro is compared to the US dollar. The Japanese Yen is compared to the British Pound. Etc. So it is normal to compare Bitcoin to other currencies. The "contrived hash equations" are necessary to make it decentralized, which is the greatest property tha…

Mofo isn't really an insult to be fair, it's an incredibly mild insult if it is one. Besides telling people to watch their mouth on the internet is pretty weird. I'm not really interested in your retort. I just feel like something needs to be said. Quite a bit of HN has been turning onto bitcoin lately. They'll defend you and they're losing sight of reason.

i think it's similar to Multi-Level Marketing schemes. People have put hopes and dreams into it now that they think it's a vehicle to get rich, plus significant investment costs to build the infrastructure.

They need to keep a straight face and create an army of believers in order to succeed with their profiteering.

> losing sight of reason

That's precisely my issue. If you go to /r/bitcoin the conversation is often more focused on "How do we get past these annoying speculators to actually realize the dream of a cryptocurrency?". I respect that. But 90% of the people involved at this point are NOT that.

As a side note yes I thought "mofo" was totally mild too and the whining led me to post much harsher comments lol. I hate cultures that try to silence they're detractors. Good news for me is HN karma is pretty low on my list of priorities.

Re: Google Trend for "Buy Bitcoin" over last 90 days

#55

Post by ars_technician »

mrb wrote: post #37
ars_technician wrote: post #33

Earlier quoted context omitted.

>To answer your ramblings: you are wrong, currencies have to be compared to other currencies to estimate their worth. The Euro is compared to the US dollar. The Japanese Yen is compared to the British Pound. Etc. So it is normal to compare Bitcoin to other currencies. No it's not. As a user of a currency, you should have to compare it to other currencies to know how much it's worth. You know how much it's worth by wh…

Yes it is. Ask any forex trader how they evaluate the worth of a currency. Exchange rates. This idea that Bitcoin's exchange rate should not be looked at to evaluate its worth is ludicrous. (What you can buy with a currency is merely an indirect derivative of exchange rates, in a modern economy running on global trade.)

>Ask any forex trader

Are you dense? That's the problem. The majority of a currency's users SHOULDN'T BE TRADERS.

Re: Google Trend for "Buy Bitcoin" over last 90 days

#56

Post by fat0wl »

mrb wrote: post #49
fat0wl wrote: post #39

Earlier quoted context omitted.

ask any forex trader how many of them work in a medium without basic protections against market manipulation... You have a cargo cult mentality. If a little kid puts on his dad's pants, is he now his dad? If I told you that each word in the dictionary was now worth $700/USD would you respect the dictionary as a viable form of currency because it has "an exchange rate"? Not unless you could use it to buy things at the…

You have no idea what you are talking about. Many financial traders do work in markets with zero protections against market manipulation: commodities ! A commodity is, for example, fruits, textiles, metals, etc, all of which are traded on financial exchanges around the world.

All the things you just listed have intrinsic value.
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