Re:Bitcoin Trends in the First Half of 2015
by zapdrive on Wednesday July 15, 2015 @08:06PM
(#9894855)
> How many GitHub repositories are there mentioning Coinbase?
Conversely, how many GitHup repositories are there mentioning USD or GBP. Oh wait, you can not transact USDs online without a payment processor. So what would be a better way to compare? By comparing all the fiat payment processor mentions against Bitcoin and Bitcoin payment processors. Which is kind of what they are doing here.
Re:Bitcoin Trends in the First Half of 2015
by philrapo on Wednesday July 15, 2015 @04:32PM
(#9893879)
If institutional investors were responsible for the decrease in volatility, I'd think we would've seen a corresponding increase in liquidity. (It's the additional liquidity and depth of market that they presumably would provide that dampen the price swings). I haven't run the data recently, but anecdotally I don't think liquidity has improved much.
The most liquid/highest volume period was still the run to $1000.
makes sense from a Coinbase's perspective to present facts like this, I guess...
> While the price is down 9% YTD (as of July 13), it's up over 213% over a two year time frame.
So they are ignoring the price drop from $1,000?
> This has attracted more institutional investors to the market and volatility has decreased as a result.
Chart indicates a gradual decrease, it's hard to establish causality. Also, it ignores the fact that 50% volatility for a currency is absurd.
> As of June 30, there were 6,109 Github repositories referencing Bitcoin. By comparison, there were 2,352 Github repositories referencing Stripe and 2,318 repositories referencing Paypal.
Comparing a currency with a currency processor is blatantly comparing Apples and Oranges. How many GitHub repositories are there mentioning Coinbase?