to bitstamps and others

i like that

  I don't get it either. I am open to suggestions as to how to invest btc to get more btc.

at some point would the bird not get hungry and lean forward... beak to the ground?  

Or shall it fly to da moon??  

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

people complain when its volatile, others complain when its not. looks like always someone will be unhappy.

OP chart is totally meaningless without any quantifications.  What time scale are we looking at here?  And are these crossovers the Goomboo standard 10/21 ?  Looks like a hasty emotional copy/paste from Clarkmoody ...  

I think BTC might be a complimentary currency (e.g. with M-Pesa http://memeburn.com/2013/07/kipochi-brings-bitcoin-to-africa-through-m-pesa/) and used in an app like Kipochi. I really think that is the biggest news we've seen for BTC in a while but most people don't see how big it can be. edit - let BTC be used on non smart phones with apps like Kipochi pretty much solves a lot of technological problems.

I do agree with you though in that the volatility is indeed a problem. We are very early in the game BUT at the same time I have a feeling the maturity of usefulness will be reached in ways many of us can't fathom. Remember, BTC is a Black Swan technology of sorts so it's growth will be likewise imo. Kipochi can very well be our first offspring...

Regarding your on topic point  
We have moved from a low of $65 (which I almost felt like jumping into for the bounce but don't like entering at the bottoms of big red candles) to a high of 80.
Perhaps we consolidate a bit and then head back down. It seems like this move up was purely technical.

I do see more decent sized buys coming in but in large part the move was started by a huge buy of 4500. I don't like entering a rally based on a large player. Perhaps it is petering out.
I will see what we do around $85 if we get that high.

IAS

edit - Forgot your question. Yeah, I guess it would be "easier" and use global currencies but some governments won't allow that. I still go back to the complimentary thing. We don't need BTC to be adopted by mass amounts of people (% wise) to be successful (money wise). Think about just one small country using it, or just 1% of people in a few countries as a store of wealth - to move money - for online transactions, etc. That would be huge. Should BTC actually take off and be an internet currency "standard", another doozy.

A TV has value because of non-monetary uses.  Bitcoin only has value because of monetary use.
Or what is your definition of a currency?

Tell that to people who's currency is more volatile than BTC. As well as more manipulated. See Argentina. Many of us feel BTC will first see adoption outside America, waaaay outside.

The volatility of BTC is in large part a function of the instability of the current economic system in shambles all over the world. If economies were solid then BTC would still be at $1.
It will take time to find a price. Perhaps it won't even be with BTC, or at least not BTC in its current state.

That was not my point.  My point was that for certain companies to realistically accept bitcoins, the market cap needs to be higher so that when they put in or take out value, the volatility/slippage doesn't hurt them.  "Evil" speculators that put their money in bitcoin will raise the marketcap and thereby help bitcoins transactional use (although emotional trading with buying high and selling low obviously has a negative effect through increasing volatility, but I don't think this can be helped as it is human nature).  So good traders are actually the best for bitcoin :-).