BTC Price peak cycle ~33 weeks | Bitcointalksearch.org

profitofthegods

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Quote from: mikerbiker6 on July 28, 2014, 11:28:57 AM

no sweat, keep holding onto your coins people!
it is holliday season and demand is usually low.
Let's wait and see in october.

Sell in May and Go Away: http://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp (Buy again in early November)

mikerbiker6

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no sweat, keep holding onto your coins people!
it is holliday season and demand is usually low.
Let's wait and see in october.

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: ?? on ??

One final purge before the bubble begins?

Longs on margin over at Bitfinex need to be wiped out. The credit bubble over there is troubling! We may need to burn a couple million first.

wenben

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All the previous crash always follow by new high.

Will be be different this time?

frigidformself

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Quote from: coa032 on July 28, 2014, 08:52:49 AM

Who gives a shit about current price? 100$ up or down...makes no sense. With increase of new people in bitcoin price will rise. Supply of bitcoin is limited, just wait for few years, you will see that this price is bargain. I just know that I am not selling mine below 10k$ each.

Yea, that's why I stopped day trading and just see low prices as good times to accumulate more for the future. This is just more BTC for me on my daily buy.

colinistheman

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Quote from: coa032 on July 28, 2014, 08:52:49 AM

I just know that I am not selling mine below 10k$ each.

a smart man

coa032

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Who gives a shit about current price? 100$ up or down...makes no sense. With increase of new people in bitcoin price will rise. Supply of bitcoin is limited, just wait for few years, you will see that this price is bargain. I just know that I am not selling mine below 10k$ each.

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: InwardContour on July 28, 2014, 08:26:06 AM

Quote from: minerpumpkin on July 28, 2014, 08:15:07 AM

If you're looking at the peak of the bubbles and the start of the run, we're now at 4/3, where 3/3 marks the place where last year's November bubble begun. But if you take into consideration, that the first bubble of 2013 had a shorter time to prepare for its run-up, we are indeed looking at increasing intervals, and thus still perfectly on track.

That's true and people should consider that (in my opinion) the more we are in this stagnant period, the higher the next peak will be.

I gotta say, though... We're not in a stagnant period anymore. At least not since this morning!

InwardContour

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Quote from: minerpumpkin on July 28, 2014, 08:15:07 AM

If you're looking at the peak of the bubbles and the start of the run, we're now at 4/3, where 3/3 marks the place where last year's November bubble begun. But if you take into consideration, that the first bubble of 2013 had a shorter time to prepare for its run-up, we are indeed looking at increasing intervals, and thus still perfectly on track.

That's true and people should consider that (in my opinion) the more we are in this stagnant period, the higher the next peak will be.

minerpumpkin

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Activity: 686

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A pumpkin mines 27 hours a night

If you're looking at the peak of the bubbles and the start of the run, we're now at 4/3, where 3/3 marks the place where last year's November bubble begun. But if you take into consideration, that the first bubble of 2013 had a shorter time to prepare for its run-up, we are indeed looking at increasing intervals, and thus still perfectly on track.

maker88

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Quote from: fr33d0miz3r on July 16, 2014, 01:05:31 AM

Quote from: Raystonn on July 16, 2014, 01:01:09 AM

More likely is the smart money is holding back the bubble to violate trend lines and cause dumb money to sell. They pick up as many Bitcoins as they want, and then the bubble starts.

Sure, but this trick will take 1-2 years I guess. Right now everyone is too optimistic about Bitcoin, so we need way more time to cause "dumb money" to sell. I think 1-2 years are enough for that.

why would it take years? makes no sense at all. dumb money is already panicking, thats why you just posted this, thats why other morons are posting shit like bitcoin is dead for 2014, well never see 1000 again etc etc. the optimism of the spring has turned into caution because we missed the magical number. we missed it because market manipulators made us miss it, in order to instill fear into the gullible. its all nonsense. 200 million is coming from GABI alone, and people still are panicking like the world is ending over a few 500 btc dumps. guess thats why they call you guys weak hands.

profitofthegods

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Quote from: whap on July 16, 2014, 01:42:19 AM

Quote from: gjgjg on July 13, 2014, 07:56:51 AM

peak 5 13/11/30
https://www.flickr.com/gp/68042863@N00/gk1yrN

Funny how your Chart points at the 20th of July for BTC to hit the next peak. After watching this video http://www.youtube.com/watch?v=QYmViPTndxw i'm now convinced that there's some uber universal force that determines our financial destiny. Forget TA, it's all magic!

Thank you Illuminati, Freemasons, whatever.

TA actually has a lot in common with magic. They are both based mostly on superstition (seeing coincidences as casuality) with a bit of pseudo-psychology thrown in, but if enough people believe in them they can actually make them appear true by acting as if they were true.

gjgjg

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Well guys, looks like were in a new cycle length... theres lots of support in mid/low 500's so plenty of hope that a rally is coming soon, but I guess 33/34 weeks rotation is out now that were in wk35 since the last one...
https://flic.kr/p/osL8jA
Plenty of buyers hanging around the support trend line areas too (at the moment;):
https://flic.kr/p/ouLoDs

whap

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Quote from: gjgjg on July 13, 2014, 07:56:51 AM

peak 5 13/11/30
https://www.flickr.com/gp/68042863@N00/gk1yrN

Funny how your Chart points at the 20th of July for BTC to hit the next peak. After watching this video http://www.youtube.com/watch?v=QYmViPTndxw i'm now convinced that there's some uber universal force that determines our financial destiny. Forget TA, it's all magic!

Thank you Illuminati, Freemasons, whatever.

fr33d0miz3r

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Quote from: Raystonn on July 16, 2014, 01:19:39 AM

Nope...

We'll see

Raystonn

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Nope...

fr33d0miz3r

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Quote from: Raystonn on July 16, 2014, 01:16:26 AM

Such a collapse would not be a straight line. It would be a steep curve down.

Sure, I don't say there will be a straight line. It will be a curve: waves down and corrections up. And now we have finished the first correction of this downtrend.

Raystonn

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Quote from: fr33d0miz3r on July 16, 2014, 01:12:42 AM

Quote from: Raystonn on July 16, 2014, 01:08:13 AM

I'm not sure where you got the 1-2 years. This kind of thing happens quickly. If dumb money thinks the floor is collapsing, the sell off will be sharp. It would be another SR event, followed immediately by the next bubble.

Right now the "dump money" people think they are smart enough not to sell into another "SR event". So I expect a slow painful downtrend aimed maybe even to single digits.

Nope. The market definitely doesn't work that way. Everyone tries to front-run everyone else. Such a collapse would not be a straight line. It would be a steep curve down. Dumb money would sell coins cheap to the waiting smart money, then buy the coins back later once the price has been shooting up for a while.

zetaray

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33 weeks' peak may not happen this time round, but the peak will come, most likely buy the end of 2014. We can make this happen ourselves, if we all buy 1 btc at the same time. Cheesy

JCviggen

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Quote from: Raystonn on July 16, 2014, 12:38:29 AM

1) Bitcoin has never dropped down to the previous peak after dropping from the current peak.
2) No bubble peak has ever been below the last one.

Whilst technically accurate, this is drawing conclusions off a very limited data set. Bitcoin doesn't go back 100 years does it? By definition this trend is not sustainable forever, so it will be broken sooner or later. It's not entirely irrational to think it will be broken sooner rather than later. Anything else is just opinion.

If we're talking opinion, I've never seen a bitcoin bubble commence whilst a majority of traders were expecting it. Right now everyone seems to be waiting for the inevitable bubble. I'm not sure it can happen until people start thinking it's not inevitable after all. BTC has a history of breaking a pattern when it has become obvious.

Topic: BTC Price peak cycle ~33 weeks (Read 4949 times)