Bitcoin 2013 vs 2014: LAST DIP before NEXT bubble??

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: btcracer1 on August 14, 2014, 08:38:49 AM

Probably this is the famous final capitulation, but it is just started and will lasts some more days.
When it will end we should expect a long period of slow rise and eventually a new bubble.

I'd agree, the next bubble is coming but it may be sept - november before we see it begin.

"When others are greedy, be fearful.
When others are fearful, be greedy."
-Warren Buffet

All of this has happened before, all of it will happen again.

btcracer1

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Probably this is the famous final capitulation, but it is just started and will lasts some more days.
When it will end we should expect a long period of slow rise and eventually a new bubble.

wachtwoord

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Quote from: bitpump on August 14, 2014, 01:18:45 AM

correct,

in 2013, just before bubble to $1163, we moved under trendline (see dip around oct 2013 in top chart)

in 2014, the pattern seems to be exactly the same, we now see the same dip which might lead to an additional bubble

Indeed. Right before dawn the night is at its darkest.

BitCoinNutJob

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Quote from: Ayers on August 14, 2014, 05:08:54 AM

Quote from: falllling on August 14, 2014, 03:28:27 AM

stop fooling people to buy, bitcoin is going nowhere but down!

You have been warned since $680 !

https://bitcointalksearch.org/topic/bitcoin-is-failing-people-are-getting-out-550-in-24-hours-713671 $560
https://bitcointalksearch.org/topic/final-capitulation-crash-incoming-drop-your-bags-hope-now-698224 $580
https://bitcointalksearch.org/topic/2k-sell-walls-665200 $590
https://bitcointalksearch.org/topic/bitcoin-is-dead-ghash-over-51-sr-seized-coins-and-mtgox-coins-china-ban-etc-650517 $600
https://bitcointalksearch.org/topic/dump-3k-bitcoins-and-we-break-600-649261 $620

we are on despair phase now, it may be a long despair, longest than what it is shown in that graph

No relationship between that exact chart and whatever despair phase we are experiencing right now. Look at the stages they dont match we have been stable for months.

NapoleonBonaparte

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Quote from: Newbie1022 on August 14, 2014, 12:37:04 AM

Yo, we moved on the wrong side of that trend line.

The chart is painted in reversed.

DonYo

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Leaving the "return to normal" phase Huh

Ayers

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Leading Crypto Sports Betting & Casino Platform

Quote from: falllling on August 14, 2014, 03:28:27 AM

stop fooling people to buy, bitcoin is going nowhere but down!

You have been warned since $680 !

https://bitcointalksearch.org/topic/bitcoin-is-failing-people-are-getting-out-550-in-24-hours-713671 $560
https://bitcointalksearch.org/topic/final-capitulation-crash-incoming-drop-your-bags-hope-now-698224 $580
https://bitcointalksearch.org/topic/2k-sell-walls-665200 $590
https://bitcointalksearch.org/topic/bitcoin-is-dead-ghash-over-51-sr-seized-coins-and-mtgox-coins-china-ban-etc-650517 $600
https://bitcointalksearch.org/topic/dump-3k-bitcoins-and-we-break-600-649261 $620

we are on despair phase now, it may be a long despair, longest than what it is shown in that graph

EuroTrash

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Activity: 728

Merit: 500

It's thread like these that make me think that we still have a few months of suffering ahead.
My own stupid out-of-my-ass chart (which I don't care about posting atm) says that the fair price for a bitcoin today is 265$ albeit finally trending up. My best match in the charts for the current situation is January 2012, so I don't discount the chance to see the 300s next month.

mikenz

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This is not the chart you're looking for...

THIS is the chart you are looking for! Grin

BitCoinNutJob

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Activity: 1316

Merit: 1000

Quote from: falllling on August 14, 2014, 03:28:27 AM

stop fooling people to buy, bitcoin is going nowhere but down!

You have been warned since $680 !

https://bitcointalksearch.org/topic/bitcoin-is-failing-people-are-getting-out-550-in-24-hours-713671 $560
https://bitcointalksearch.org/topic/final-capitulation-crash-incoming-drop-your-bags-hope-now-698224 $580
https://bitcointalksearch.org/topic/2k-sell-walls-665200 $590
https://bitcointalksearch.org/topic/bitcoin-is-dead-ghash-over-51-sr-seized-coins-and-mtgox-coins-china-ban-etc-650517 $600
https://bitcointalksearch.org/topic/dump-3k-bitcoins-and-we-break-600-649261 $620

The below bubble chart is only relative in giant price rises. Bitcoin has been stable for months if anything the chart supports another bull run.

rudystyle

sr. member

Activity: 434

Merit: 250

If every year was the same we could predict everything on earth based on last year's data. Do not read too much into it. you maybe burned

falllling

member

Activity: 112

Merit: 10

stop fooling people to buy, bitcoin is going nowhere but down!

You have been warned since $680 !

https://bitcointalksearch.org/topic/bitcoin-is-failing-people-are-getting-out-550-in-24-hours-713671 $560
https://bitcointalksearch.org/topic/final-capitulation-crash-incoming-drop-your-bags-hope-now-698224 $580
https://bitcointalksearch.org/topic/2k-sell-walls-665200 $590
https://bitcointalksearch.org/topic/bitcoin-is-dead-ghash-over-51-sr-seized-coins-and-mtgox-coins-china-ban-etc-650517 $600
https://bitcointalksearch.org/topic/dump-3k-bitcoins-and-we-break-600-649261 $620

Ayers

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Activity: 2590

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Leading Crypto Sports Betting & Casino Platform

i'm starting to worry about this trend, it might go down this time, down a lot, and every year is different, even if they have some small similarity

wobber

legendary

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Merit: 1001

Please stop giving high hopes to people. There's no upgoing for a few months at least. Maybe some price increase with the ETF but considering we got lots of good news recently and only went down... I dunno...

QuarantinedMoon

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Quote from: fonzie on August 14, 2014, 02:36:47 AM

Your lines seem arbitrary.

And without rational explanation.

That said, Bitcoin price moves irrationally imo.

fonzie

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Moderator

Your lines seem arbitrary.

alexeft

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Me likey!!!

bitpump

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correct,

in 2013, just before bubble to $1163, we moved under trendline (see dip around oct 2013 in top chart)

in 2014, the pattern seems to be exactly the same, we now see the same dip which might lead to an additional bubble

Newbie1022

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Activity: 238

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Yo, we moved on the wrong side of that trend line.

bitpump

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Source / retweet: https://twitter.com/bitpump/status/499775357512585216
All bubbles: https://twitter.com/bitpump/status/499104191822823424

Topic: Bitcoin 2013 vs 2014: LAST DIP before NEXT bubble?? (Read 2080 times)