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Wednesday, 3 April 2013

r/Bitcoin statistics and the MTGOX price May 2012 to March 2013


0. Introduction
This is an update to the previous posts r/Bitcoin statistics and r/Bitcoin pageviews and the MTGOX price, which were quick posts to chart the pageview, unique visitor and subscription statistics provided by bitcointalk.org forum member, moderator,  and owner of blockexplorer.com,  theymos in this post.


1. The correlations
I  calculated the Pearson's correlation coefficient for the monthly data only, since it provided the best correlation last time:

Monthly uniques: 0.92 (up from 0.82 last time)
Monthly pageviews: 0.91 (up from  0.85 last time)

In the final chart are the updated linear models for pageviews and uniques as a function of price:

Pageviews =  -925693 + 144559  * price, intercept p value = 0.01, slope p value = 0.0002

Uniques =   -48432 + 12152 * price, intercept p value =  0.06, slope p value = 0.000007

2. Conclusion
There still seems to be a clear linear relationship between r/bitcoin's monthly uniques and pageviews and the MTGOX US$ / BTC price.


3. The charts











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