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Topic: BTC Price peak cycle ~33 weeks - page 3. (Read 4952 times)

legendary
Activity: 1064
Merit: 1001
July 14, 2014, 04:55:37 AM
#16
If we get past 680 and stay there a few days, then *maybe* we'll have 1% chances to rally. I cannot possibly see what catalyst would bring price increases right now.

Past weeks we had uber-bullish news, positive news, USMS auction and lots of independent TAs doing megabubble graphs. But nothing happened. Just some price swings.
legendary
Activity: 1106
Merit: 1005
July 13, 2014, 06:46:49 PM
#15
I don't have permission to view that photo according to flickr

but i also think a peak is overdue and i also think bitcoin is very undervalued at the moment, it's way below most trendlines and i wonder why the price is so low right now and stays so low despite the good news lately and the time that had past since the previous peak.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
July 13, 2014, 05:57:31 PM
#14
I think this time we have to wait a little bit longer for the peak...but it will come im sure  Grin

True Bitcoin has average periods of up movements I remember a thread a while back that was pretty close on the last one
Then again I forgot how long ago that was now.
hero member
Activity: 707
Merit: 500
July 13, 2014, 04:23:00 PM
#13
Yes, I have observed the same tendency. Per my math it is also every 30-34 weeks.
This lands the next peak somewhere between late August to early September with a price of $5000-$6400.

Here is my prediction:

https://www.tradingview.com/v/aA0zaAFD/


And here is someone else's:

https://www.tradingview.com/v/tBecsTcW/

Well just like last year, just a little more early, because if i remember correctly, last year it started to go up late september

There were 2 peaks last year.. March/April and November/December, so not necessarily early. In fact, the entire thread is suggesting that the peaks occur on a set interval every 30-34 weeks, so no not like last year at all.
sr. member
Activity: 462
Merit: 250
July 13, 2014, 12:09:06 PM
#12
Yes, I have observed the same tendency. Per my math it is also every 30-34 weeks.
This lands the next peak somewhere between late August to early September with a price of $5000-$6400.

Here is my prediction:

https://www.tradingview.com/v/aA0zaAFD/


And here is someone else's:

https://www.tradingview.com/v/tBecsTcW/

Well just like last year, just a little more early, because if i remember correctly, last year it started to go up late september
legendary
Activity: 1652
Merit: 1265
legendary
Activity: 2114
Merit: 1015
July 13, 2014, 11:25:27 AM
#10
To me it's a win-win scenario. I'm waiting for a refund from Butterfly Labs for the equipment I preordered when BTC was trading at 1200$ each. Should the price remain stagnant until I get my bitcoins refunded, I will have doubled them Cheesy Should the price explode, I'll make shit load of profit anyway. WIN WIN Tongue

Your timing was very well done. I too want a refund from Butterfly Labs but they have denied it to me because I accepted the "upgrade" in March 2014 (it's been almost 4 months. When I asked for a refund newly, they denied me).

I placed my order with BFL when the BTC was $130 each.  I will lose about 5x what I spent IF I can get it back. Sad

I was banned from their forums as well, for pointing out missed dates.


Reading for your downtime:
https://bitcointalksearch.org/topic/sonny-vleisides-butterfly-labs-ceo-2014-court-transcript-the-tldr-version-682150
http://wedemandjusticefrombfl.com/

Heh. The reason I opted for refund was that my posts got deleted and it angered me and even if they delivered the next day I would have been import taxed on the old price which started to seem more and more like discrimination. I suspect though that I won't get the refund before the price explodes so I won't be making any more bitcoins than I initially paid in. 30 days refund countdown will be over in the beginning of August for my order.
hero member
Activity: 907
Merit: 1003
July 13, 2014, 10:41:43 AM
#9
To me it's a win-win scenario. I'm waiting for a refund from Butterfly Labs for the equipment I preordered when BTC was trading at 1200$ each. Should the price remain stagnant until I get my bitcoins refunded, I will have doubled them Cheesy Should the price explode, I'll make shit load of profit anyway. WIN WIN Tongue

Your timing was very well done. I too want a refund from Butterfly Labs but they have denied it to me because I accepted the "upgrade" in March 2014 (it's been almost 4 months. When I asked for a refund newly, they denied me).

I placed my order with BFL when the BTC was $130 each.  I will lose about 5x what I spent IF I can get it back. Sad

I was banned from their forums as well, for pointing out missed dates.


Reading for your downtime:
https://bitcointalksearch.org/topic/sonny-vleisides-butterfly-labs-ceo-2014-court-transcript-the-tldr-version-682150
http://wedemandjusticefrombfl.com/
legendary
Activity: 1652
Merit: 1265
July 13, 2014, 09:53:16 AM
#7
Refund from Butterfly labs?  Undecided



LOL it will take years to get your money back ...
legendary
Activity: 2114
Merit: 1015
July 13, 2014, 09:51:55 AM
#6
Refund from Butterfly labs?  Undecided

Yes?
hero member
Activity: 588
Merit: 500
July 13, 2014, 09:43:03 AM
#5
Refund from Butterfly labs?  Undecided

legendary
Activity: 2114
Merit: 1015
July 13, 2014, 09:14:14 AM
#4
To me it's a win-win scenario. I'm waiting for a refund from Butterfly Labs for the equipment I preordered when BTC was trading at 1200$ each. Should the price remain stagnant until I get my bitcoins refunded, I will have doubled them Cheesy Should the price explode, I'll make shit load of profit anyway. WIN WIN Tongue
newbie
Activity: 38
Merit: 0
July 13, 2014, 08:36:58 AM
#3
I think this time we have to wait a little bit longer for the peak...but it will come im sure  Grin
hero member
Activity: 907
Merit: 1003
July 13, 2014, 08:12:06 AM
#2
Yes, I have observed the same tendency. Per my math it is also every 30-34 weeks.
This lands the next peak somewhere between late August to early September with a price of $5000-$6400.

Here is my prediction:

https://www.tradingview.com/v/aA0zaAFD/


And here is someone else's:

https://www.tradingview.com/v/tBecsTcW/
sr. member
Activity: 448
Merit: 250
July 13, 2014, 07:56:51 AM
#1
Sorry if this post belongs in a subthread, it doesnt seem to from my quick check...

I notice (based on BTC-e data) that the price peaks every 30~34 weeks approx:

11/6/8, 12/1/5, 12/8/17, 13/4/10 and 13/11/30 (dates are in international standard of YY/MM/DD, sorry ; ).

Since the last peak was approx 32 weeks ago this makes me wonder what will happen next 2 weeks - does anyone have data for Bitstamp on those weeks? The data on bitcoincharts is impossible to see anything but the gap between the last two spikes, and not clear enough to count the weeks and pick the days out.

Thanks

full chart at ~33 week intervals
btc1
peak 1 11/6/8
https://www.flickr.com/gp/68042863@N00/0444mn
peak 2 12/1/5
https://www.flickr.com/gp/68042863@N00/496Vcx
peak 3 12/8/17
https://www.flickr.com/gp/68042863@N00/7sdDDJ
peak 4 13/4/10
https://www.flickr.com/gp/68042863@N00/8GA4e0
peak 5 13/11/30
https://www.flickr.com/gp/68042863@N00/gk1yrN

edit: better pics added to flikr now
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