Re: rpietila Wall Observer - the Quality TA Thread ;)
Doesnt this give us more confidence in bear market? http://www.google.com/trends/explore#q=bitstamp&date=today%203-m&cmpt=q
Not really. Not sure what you are getting at as I don't see any "bear market" coming based on the search/interest fundamentals, or in the technical. We may see some mid-term price correction to the mean trend, but the growth fundamentals are very solid, and rising exponentially as expected.
For an interesting twist on what you were looking at, take a look at where the growth in search interest is happening at the moment (check the regional section). Not for "Bitstamp" (not sure why that was your term?), but for "bitcoin". It is exciting to see where the next wave of adoption may happen or is already happening.
http://www.google.com/trends/explore#q=Bitcoin&date=today%203-m&cmpt=q
Actually i meant the same thing. Correction to near trendline mid-term . Why i chose bitstamp was that during media coverage the search for bitcoin increases more than for exchanges, because not everybody is going to buy. As estonian, i am very happy to see that Estonia is nr.1 country. It proves that we are one of the leading IT countries and maybe this our way to wealth.
Currently the next big thing coming from us is Transferwise. Its fast success shows that there is need for bitcoin.