News for hackers. Stuff that matters.

A comment on Bitcoin sentiment analysis. Parent comment

Re:Bitcoin sentiment analysis by wamatt on Saturday June 01, 2013 @05:27PM (#5806092)
> 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.co.uk/countryHostsMonth.png

[2] http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-gl...

[ Parent | on HN ]
Re:Bitcoin sentiment analysis by mrb on Saturday June 01, 2013 @08:37PM (#5806747)
[1] is grossly outdated: it was last updated in Oct 2012:

  $ HEAD http://bitcoinstatus.rowit.co.uk/countryHostsMonth.png
  [...]
  Last-Modified: Sun, 21 Oct 2012 05:05:27 GMT
Things change quickly in the Bitcoin world. Stats that are 8 months old are absolutely not a good indicator of today.

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%).

[ Parent | on HN ]