Weren't you the one that you posted your position on the forum a few minutes before you were liquidated?

It's bitcoincharts.com's data.  I copied it into a spreadsheet, averaged bitcoin volume, then graphed.

We are 5 weeks into the last bar.

Mt.Gox bitcoin volume averaged over 16-week increments.

I was thinking of an easy commercial that would show the power of bitcoin.  The idea I had was to record the chat window while a conversation between a brother and sister is taking place.  In it, the sister is traveling abroad and messages the brother to let him know that a local restaurant accepts bitcoin, but she didn't think to bring any.  She asks if he can pay for her meal with bitcoin because she can avoid the currency conversion fee.  The brother says no problem and brings up the Bitcoin client while the sister sends the address info.  "Alright, I'm actually at the restaurant now. Their payment address is ... and its .2 bitcoin"  The brother sends the funds and begins typing "Alright I sen-" but before he finishes typing he is interrupted by his sister "They got it!"  He then reminds her that he'll want that .2 bitcoin when she gets back home to the States.

What do you think?

I think this is pretty neat:

Is the rise in price priced in?  

I believe bitcoin is the only predictable asset in the world.  Consider how weather affects commodities, share dilution affects stocks, gold is mined at unpredictable rates and even influenced by technical industry demand (which can be affected by nature, such as with the tsunami.)  If it is true that bitcoin is the only predictable asset, then the only variable is crowd psychology.  I think this is why we see such a strong correlation between price and search trends.  

When people start telling their friends they just made $30 on their $20 bitinstant deposit, the crowd will come running in.

Be careful, and don't get ran over.

Weekly NVI has broken 600 for the first time.  

edit: is anyone aware of an indicator that reflects the derivative of bid/ask volume over time?

You buy video cards?

Weekly averages with all indicators:

https://i.imgur.com/kJHIz.png

I would just like to point out the traveling purchaser problem.

http://en.wikipedia.org/wiki/Traveling_purchaser_problem

When Cypherdoc talks about the techies not knowing the consequences of what they created, he's not too far from truth.  The fact is, all market participants want one thing: maximize profit.  Currencies are beneficial for all market participants because they shorten the path of the traveling purchaser problem.  This increased utility is incredibly valuable.  This is why the US Dollar is so valuable: it isn't because you have to pay your taxes with them, it is because you can buy *anything in the world* with a them.  Bitcoin has not yet realized this value, but the fact is, it is the cheapest solution to the travelling purchaser problem.

Think of any other form of payment: I don't care what or how - it isn't cheaper than bitcoin.  All other forms of electronic payment require a company to make the transfer.  These middlemen cost and it is reflected in the cost of these services (credit card fees, paypal fees, western union fees, bank wire fees, etc...)  Bitcoin is cheaper than this.  Bitcoin is even cheaper than cash because you don't have to pay for a armored truck to move it.  It is just the cheapest form of payment that the world has ever seen. 

If markets really are efficient, and bitcoin is the cheapest way to move money, then market participants are going to use bitcoin.  There just isn't any other way around it.  And when that happens, bitcoin will realize it's value as a currency: no longer as a speculative vehicle.  I think Cypherdoc is right when he says bitcoin is massively undervalued.

Here, I found it

http://en.wikipedia.org/wiki/Negative_volume_index

Dysart’s theory, expressed in his 1967 Barron's article, was that “if volume advances and prices move up or down in accordance [with volume], the move is assumed to be a good movement - if it is sustained when the volume subsides.” In other words, after prices have moved up on positive volume days, "if prices stay up when the volume subsides for a number of days, we can say that such a move is 'good'." If the market “holds its own on negative volume days after advancing on positive volume, the market is in a strong position.”



Is this right?

I've been reading a bit on technical indicators.  Is it not a bull signal when price increases with falling volume?  I do not remember the specific indicator; if anyone could help me out I'd appreciate it.

I don't know what any of this means, but it looks good to me!

If I understand correctly, the benefit is that a pdf can execute code that will generate addresses when the pdf is drawn; but I may be mistaken.

It would be nice if it simply format the QR-codes of keypairs (as many as will fit on an 8.5"x11" piece of paper.)  Cut out a few pairs of QR-codes and use them as you would the wallet on your computer.  If you send money to someone (give them a QR-code pair with funds) have them send the change back to a new address (one of your unused QR-code pairs.)  When a keypair is used - rip it in half.

Clove cigarettes are legal within the US.  What they made illegal was the ability to sell them within the US.  In fact, it is still possible to buy clove "cigars" made with a filter, but they aren't the same.

An alternative would be a standardized method to trade private keys.

For instance, if I don't have a smart-phone, I may print off a few bitcoin notes on my home printer.  They will have an exposed public and private key.  When I go to a store, I simply hand the cashier a bitcoin note with enough coin on it to cover my purchase.  The cashier asks me how I want my change, and I would ask for a printed key.  The receipt would print up a pub/priv keypair with the change loaded on it.  I could then take this and use it at the next place I shop.

Along the same line would be a small device that stores public/private key pairs.  You press a button and a public key is displayed.  Press another button, enter a pin, and the corresponding private key is displayed.  Hit the clear button, enter pin, and a new keypair is generated.  You could then simply have this small device that holds keypairs, and expose the private key for the cashier to scan when you make a purchase.

The downside to this is that it would not allow the individual to send bitcoin.  It would just be a dumb device that displays public/private key pairs, so it would be useless at bitcoin vending machines, parking meters, gas pumps, etc...

edit:  I guess it wouldn't be useless if those devices allowed the users the option to enter a private key.

If you can provide Djarum Black Clove Cigarettes for Bitcoin, you will probably see an increase in business.  They were made illegal in the United States last year and a friend of mine has been purchasing them directly from India.  He has to give his credit card info to some shady bali-pay site right now when he orders his cigs.  If you start carrying that brand, I'll give him your info.

Requesting whitelist for the second time.  Looking to get approved so I can take part in conversation on the speculation subforum.  Usually spend most of my time in /r/bitcoin over on reddit, but the low amount of new content brings me back here.