bump for comparison. 
We have to go a lot deeper to land a red weekly candle.
we're not there yet.
btw. the small mid 2012 reads like a script for the current market behaviour. MMM back then was known as pirate.
Topic: Bitcoincharts: Three months since we've had a red week. (Read 4477 times)
We have to go a lot deeper to land a red weekly candle.
we're not there yet.
btw. the small mid 2012 reads like a script for the current market behaviour. MMM back then was known as pirate.
bump for comparison.
We have to go a lot deeper to land a red weekly candle.
bump for comparison.
RED RED RED RED blackhawk down! HAHAHAHAHAHAHA
no comprende
tienen miedo de quedarse atrás?
NO, NO NO!! Yo hablo ingles. INGLES!!
no comprende
tienen miedo de quedarse atrás?
no comprende
Just draw a trendline on the weekly and stick to it until it is broken. Anything beyond that is sheer folly.
ITS GREEN!
Currently there is continuing bitcoin exposure out there. It's just amazing how much attention Bitcoin is getting at the moment. Politicians are talking about alternative currencies in US and UK mentioning bitcoin, one US state representative has started accepting donations in bitcoin; one VC is engaged in public discussion and gauging interest. People discussing SR report all over the internet. And there is Bitcoinica case too.
With all this going on I'd say correction is out of picture for the time being. Especially while speculation is not overly optimistic (yet) =)
With all this going on I'd say correction is out of picture for the time being. Especially while speculation is not overly optimistic (yet) =)
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.
This makes me confident that we're already at or near the top.
You were "confident" at $7.2, $8 and $9. Your confidence has no credibility
Wasn't proudhon supposed to take down the bear at $8+?
Looks like someone who can't keep his word to me.
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.
This makes me confident that we're already at or near the top.
You were "confident" at $7.2, $8 and $9. Your confidence has no credibility
Wasn't proudhon supposed to take down the bear at $8+?
Looks like someone who can't keep his word to me.
correction coming soon?
13th week
Will you drop the bear at $12 and don some horns?
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.
This makes me confident that we're already at or near the top.
You were "confident" at $7.2, $8 and $9. Your confidence has no credibility
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.
This makes me confident that we're already at or near the top.
You were "confident" at $7.2, $8 and $9. Your confidence has no credibility
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.
This makes me confident that we're already at or near the top.
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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