Adoption Has Reached a New All Time High

[rohnearner]

Trend is still going down and will remain this way until some good news come a long.

I don't understand what good news you are looking for..? Read stories of last few months and you'll realize there aren't any bad news except the few that took place earlier this year and they made such an impact that the market hasn't recovered from that yet, and keeps going down and down..! but this will end eventually might take some time though. ..!

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[wobber]

It's inverted! Good news just pushed the price lower, let's hope for bad news, ie:

- US and EU banning bitcoin as of October 15th
- Overstock, Paypal, Alibaba, Dell, Google, Yahoo, Apple declaring that bitcoin will never be used by them (simultaneous press releases on October 16th)
- Mark Karpeles being acquitted
- SilkRoad operators acquitted but the bitcoins being hold by USMS and wallets deleted.

[thejaytiesto]

It's not very revealing, could be whales creating a lot of addresses to distribute their wealth better for all we know.

[Raystonn]

It could be.  But this metric is for active addresses every day, not how many addresses exist in total.

[isov]

We have seen so many bullish things lately but price has only went down so it's hard to believe things would change. I keep hoping and holding anyway.

[jjacob]

IMO, this is a metric worth measuring. More important than price I think.

I guess this metric would be easier to manipulate than the price, once it becomes widely tracked.

[bassclef]

Is it adoption, or just mixing services become more popular ?

Is there any indication that mixing services grow faster than other Bitcoin uses? I don't think so.

The news flow suggests that more and more businesses are accepting bitcoin. So it's reasonable to assume that Bitcoin is becoming more popular in general.

I agree with OP that price versus Bitcoin use shows a bullish divergence.

ya.ya.yo!

What if the person who supposedly stole all the gox coins are mixing, causing the adoption rate to climb, and then selling on the exchanges, causing the price to go down?

I think the Gox addresses are known, or at least many of them. Should coins move out of those wallets, we would probably hear about it.

[zimmah]

Trend is still going down and will remain this way until some good news come a long.

I don't understand what good news you are looking for..? Read stories of last few months and you'll realize there aren't any bad news except the few that took place earlier this year and they made such an impact that the market hasn't recovered from that yet, and keeps going down and down..! but this will end eventually might take some time though. ..!

I don't think the bad news from early 2014 is why we are in a downtrend still. I think it's because Adoption is not yet enough to match the sell pressure from all the new merchants and the miners. We are getting close, but not quite there yet. Maybe in a few months.

[pitham1]

Trend is still going down and will remain this way until some good news come a long.

I don't understand what good news you are looking for..? Read stories of last few months and you'll realize there aren't any bad news except the few that took place earlier this year and they made such an impact that the market hasn't recovered from that yet, and keeps going down and down..! but this will end eventually might take some time though. ..!

I don't think the bad news from early 2014 is why we are in a downtrend still. I think it's because Adoption is not yet enough to match the sell pressure from all the new merchants and the miners. We are getting close, but not quite there yet. Maybe in a few months.

A few more months of depressed prices and all the speculators would have moved on.