Topic: Bitcoincharts: Three months since we've had a red week. - page 2. (Read 4477 times)
That's entirely possible.
It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.
Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.
It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.
Let this be our 11th week!
That green looks so pretty! And that chart looks exponential o.O
Let this be our 11th week!
My vote is in for green fields forever! 
...or at least until the reward drop.
...or at least until the reward drop.
I'm not an economist but wouldn't the inverse happen? If the reward halves the same compute resource is now only delivering 50% of it's original value and consequently the overall per BTC price worth would have increased?
When ASICs get here a heap of things will change but if enough miners jump on board with 1,000GH/sec rigs then it might just equalise out over time anyway (ie. the 50% cut in reward is countered by a 100% increase in mining power).
Stu
If we keep this pace, by November we will hit ye olde all time again. (too bad, ill sell before that 
My vote is in for green fields forever!
...or at least until the reward drop.
...or at least until the reward drop.
Take a step back from the intraday noise and chaos for a moment. Notice, it's been a full three months since we've had a red week.
Good.
falling knife PLEASE 
blood makes the green grass grow
Take a step back from the intraday noise and chaos for a moment. Notice, it's been a full three months since we've had a red week.
Live version: http://bitcoincharts.com/charts/mtgoxUSD#rg90zigWeeklyztgSzm1g10zm2g25zv
Green fields forever, or time to see some blood?
Live version: http://bitcoincharts.com/charts/mtgoxUSD#rg90zigWeeklyztgSzm1g10zm2g25zv
Green fields forever, or time to see some blood?
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