4 ms·

The daily volume has tripled in the past 15 days. There must be something behind that.

by selectodude 12y ago

mathattack 12y ago
There are two competing theories... 1 - When there's not a lot of volume, you can't trust price movements because it doesn't represent a critical mass of opinions. 2 - When there's too much volume, you can't trust price movements because it's a mania or panic. I'm not sure if #2 is true in this case. It'll be interesting to watch.
- selectodude 12y ago
  Bitcoin is fascinating. I have zero dollars in it for a reason, though.
  - justizin 12y ago
    exactly how I feel about the stock market.
    - mathattack 12y ago
      I feel safer buying stock market indices than I do Bitcoin though. It just feels too much driven by insiders. (Also why I don't trade Gold or Oil)
tomasz207 12y ago
DirectTV started accepting BTC as a form of payment recently. Not sure if that could be driving up the volume?
- cauterize 12y ago
  It was Dish not DirectTV.
williamcotton 12y ago
My company launched a Facebook Bitcoin wallet two weeks ago and we've been seeing a lot of organic viral growth. We've had a few people in the Bitcoin community say that they're sure that it must be our app and the press related to such consumer friendly Bitcoin applications. Who knows, maybe it was us at QuickCoin? :D https://wallet.quickcoin.co https://wallet.quickcoin.co
skaevola 12y ago
Could be related to Apple's announcement regarding cryptocurrencies in apps.
- justizin 12y ago
  that wasn't 15 days ago.
  - williamcotton 12y ago
    You know what WAS 15 days ago? Our launch. I can't share transaction volumes or any other metrics right now, but I will say they have been substantial and are growing naturally and introducing a brand new group of people to Bitcoin. I'm getting downvoted with a previous comment because it probably looks like spam but you can find me online if you want more details on who we are and what we make.

4 ms·

The daily volume has tripled in the past 15 days. There must be something behind that.

by selectodude 12y ago

The daily volume has tripled in the past 15 days. There must be something behind that.

mathattack 12y ago
There are two competing theories... 1 - When there's not a lot of volume, you can't trust price movements because it doesn't represent a critical mass of opinions. 2 - When there's too much volume, you can't trust price movements because it's a mania or panic. I'm not sure if #2 is true in this case. It'll be interesting to watch.
- selectodude 12y ago
  Bitcoin is fascinating. I have zero dollars in it for a reason, though.
  - justizin 12y ago
    exactly how I feel about the stock market.
    - mathattack 12y ago
      I feel safer buying stock market indices than I do Bitcoin though. It just feels too much driven by insiders. (Also why I don't trade Gold or Oil)
tomasz207 12y ago
DirectTV started accepting BTC as a form of payment recently. Not sure if that could be driving up the volume?
- cauterize 12y ago
  It was Dish not DirectTV.
williamcotton 12y ago
My company launched a Facebook Bitcoin wallet two weeks ago and we've been seeing a lot of organic viral growth. We've had a few people in the Bitcoin community say that they're sure that it must be our app and the press related to such consumer friendly Bitcoin applications. Who knows, maybe it was us at QuickCoin? :D https://wallet.quickcoin.co https://wallet.quickcoin.co
skaevola 12y ago
Could be related to Apple's announcement regarding cryptocurrencies in apps.
- justizin 12y ago
  that wasn't 15 days ago.
  - williamcotton 12y ago
    You know what WAS 15 days ago? Our launch. I can't share transaction volumes or any other metrics right now, but I will say they have been substantial and are growing naturally and introducing a brand new group of people to Bitcoin. I'm getting downvoted with a previous comment because it probably looks like spam but you can find me online if you want more details on who we are and what we make.