Quote from: AnonyMint on April 01, 2014, 03:12:47 AM

Quote from: creekbore on April 01, 2014, 03:03:33 AM

RE. IRS...as always you are bullish. But Anony and others seem to disagree with you on this (I'm not American and haven't got a clue about your kafaesque tax system but most comments I see tend to be negative).

IRS ruling is bullish because the investors now know the rules.

It is bearish only in the sense that the masses are not coming any time soon into Bitcoin, so this can deflate some of the near-term overextension by n00b investors who were expecting the masses to come tomorrow. Just another factor to cause weak hands to lose hodl when the price drop below $400 scares them.

Quote from: creekbore on April 01, 2014, 03:03:33 AM

Re. addresses...well this is good...if I am mistaken, great but thus far it makes little sense to me (eg how do you know if an address is active from the data we were discussing and define a rolling window). If I make a new address to send a few satoshis to exchange one and then forward them to a new address, multiplied a few times multiplied by thusands of old time users how does this equate to 'increased adoption.'

I could accept this if all the other charts backed this up....but they don't (eg number of tx has remained pretty much constant over the last 12 months). Infact, the only chart that shows any sort of positive increase is...surprise, surprise, the one we should embrace.

The correlation of n^2 == p is undeniable from Peter R's upthread chart.

Rather n appears to be 50% higher than baseline adoption at 100,000 (if you accept my TA notion that baseline is the linear projection of the bottoms on the log 10 chart). Thus the lack of transactions expansion could support my idea that n will come down to 100,000 so that the recent divergence between n^2 and p is corrected (instead of p rising to resolve the divergence).

Then we bottom and upwards "to the moon" from there (until the next bubble overextension and correction).

OK, no-one has still bothered to state what 'n' stands for (I'm assuming p = price) but it all sounds highly plausible.

Selling wife and kids as we speak.