Quote from: KLD on September 06, 2014, 02:46:10 AM

Quote from: SlipperySlope on September 05, 2014, 08:01:35 PM

Quote from: pikabit on September 05, 2014, 07:04:26 PM

I see a bottom at 430, does this look accurate?

Here is the Blockchain.info chart for the number of daily unique addresses appearing in transactions, smoothed with a 7-day moving average. It also suggests, given that recent numbers are similar to those in March, that the bottom is behind us. I do not watch this data series as much, as perhaps gambling transactions are not filtered out.

A higher number of new addresses being used isn't a measurement of new money coming in...

The number of unique daily addresses used does measure a degree of economic activity, making it a fundamental measurement rather than a technical trading measurement. The amount of new money coming in is unfortunately proprietary information kept by exchanges.

The importance of the two fundamental indicators of adjusted transaction quantity and daily unique addresses, as calculated by Blockchain.info, is that there is a good fit between the square of these fundamental indicators and the bitcoin price. We may be witnessing Metcalfe's Law of network effects unfolding before us. Thanks to Peter R whose charts appear here.

And by the way, you might explain whether you are serious about your byline "Sell your house to short BTC". Short position margin calls at Bitfinex could be ruinous if you are all-in.