Hacker News new | past | comments | ask | show | jobs | submit login

Noticed this jump over the last few days, randomly checking the price with DDG. It's never clear what's behind these things, but I'm sure there will be some explanation (when the jump has reversed, no doubt).



See here: http://www.reddit.com/r/BitcoinMarkets/comments/279jad/daily...

The "Bubble Watch" graphs have been updated daily for several months in anticipation of a future bubble. Bitcoin's market price has spiked seven times since its inception, every 220 days on average, and the above graphs overlay the previous bubbles with the current performance to predict when a bubble might occur.

Such charts may be a self fulfilling prophecy, though it's interesting to see how well the past bubbles align with the current spike.

To get another view of the past bubbles, go to bitcoinwisdom.com, set "Settings -> Scale -> Logarithmic", and change the view to 3d.


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


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.


Bitcoin is fascinating. I have zero dollars in it for a reason, though.


exactly how I feel about the stock market.


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)


Could be related to Apple's announcement regarding cryptocurrencies in apps.


that wasn't 15 days 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.


DirectTV started accepting BTC as a form of payment recently. Not sure if that could be driving up the volume?


It was Dish not DirectTV.


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




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: