Maybe this will help the noobs to understand:
nice
Topic: A picture is worth a 1000 words (Read 4378 times)
nice
If I read the graph well, we are now in the Capitulation phase, with the october bear trap around 167$, we will probably go under 100$ during the despair phase.
Nick.
P.S. I'm short
Nick.
P.S. I'm short
crickets
MtGox dead. Panic selling also outside MtGox.
The Gox default will spread panic for the whole day, taking the price very very low. Maybe 113.70$ or even lower.
Nick.
The Gox default will spread panic for the whole day, taking the price very very low. Maybe 113.70$ or even lower.
Nick.
Look at the 3day Gox chart at bitcoinwisdom and you see this image. pretty much exactly.
I had to.
thats actually accurate for a good percentage of BTC'rs and they call it a ponzi scheme, no one ever HODL in a ponzi scheme
I had to.
just think, in 2 years btc around 50K each having dropped from 100 K some newb is going to come here with the same graph....
I might be a noob
You've got it wrong, so right... you're a noob.
We have reached the despair phase.
Now every one will say "This is not an exploding bubble! B$ are different!!"
Nick
Now every one will say "This is not an exploding bubble! B$ are different!!"
Nick
Maybe this will help the noobs to understand:
This is great. But what if gox had the problems in a different time?
I might be a noob, but the bubble is popping 
Nick.
Nick.
When I first saw the chart that the OP has posted, I was a newbie too and bitcoin was worth about $60--and that was less than a year ago.
Let's not be too harsh on hte OP, he/she still has innocence. Staring at the chart and figuring out what it means will only lead to the loss of that innocence. I am still figuring out the chart.
Let's not be too harsh on hte OP, he/she still has innocence. Staring at the chart and figuring out what it means will only lead to the loss of that innocence. I am still figuring out the chart.
oh and bit coin tech is a new paradigm
Maybe this will help the noobs to understand:
exaclty
newbs can't into looking at history.
Nice! Is there a bigger version of this image?
Here's the original, right out of MS Paint. I resized it to keep it forum-sized. Posting over-sized images is a crappy thing to do.
indeed...
Maybe this will help the noobs to understand:
http://i664.photobucket.com/albums/vv10/JimboToronto/BtcGrowthChart.jpg
Nice! Is there a bigger version of this image? http://i664.photobucket.com/albums/vv10/JimboToronto/BtcGrowthChart.jpg
I am selling all of my bitcoins and moving on to penny stocks.
Hey give Ripple and Dogecoin some consideration too.
Wait...what is this? I have never seen this before.
I have been into Bitcoin since 2010 and supported it but after this picture...wow...a new light has shown upon me.
I am selling all of my bitcoins and moving on to penny stocks.
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