Falling price of Bitcoin | Bitcointalksearch.org

durrrr

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Quote from: g4c on March 31, 2014, 03:36:49 PM

Quote from: xypos on March 31, 2014, 12:59:35 PM

Quote from: pinksheep on March 31, 2014, 11:23:47 AM

what's everyone's opinion - is it a good time to buy more?

It is always a bad time to buy against the trend (currently the trend is bearish).
So, I'd say no Cheesy

There is no one trend, a price function contains many trends over many time periods.

All time should be taken into consideration when analysing.

The recent downtrend is a "sub-pattern" of the overall fractal like structure.

We are approaching the end of a triangle, and so we will see reducing volatility (tightening).

And then it will break out. The question is will it breakout to the upside?... Well given current market volume and past performance over very similar patterns I think yes.

So yes, now is a good time to buy, sure you may scrape a few more dollars if you're lucky enough to buy the perfect bottom.

i think that this picture says it all. seriously those patterns are so alike its almost scary and if anyone isnt buying right now then i think they need to rethink what they are doing because now is the time. price will be 5000 within a year

g4c

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Quote from: xypos on March 31, 2014, 12:59:35 PM

Quote from: pinksheep on March 31, 2014, 11:23:47 AM

what's everyone's opinion - is it a good time to buy more?

It is always a bad time to buy against the trend (currently the trend is bearish).
So, I'd say no Cheesy

There is no one trend, a price function contains many trends over many time periods.

All time should be taken into consideration when analysing.

The recent downtrend is a "sub-pattern" of the overall fractal like structure.

We are approaching the end of a triangle, and so we will see reducing volatility (tightening).

And then it will break out. The question is will it breakout to the upside?... Well given current market volume and past performance over very similar patterns I think yes.

So yes, now is a good time to buy, sure you may scrape a few more dollars if you're lucky enough to buy the perfect bottom.

lightfoot

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I fix broken miners. And make holes in teeth :-)

Quote from: pinksheep on March 31, 2014, 11:23:47 AM

what's everyone's opinion - is it a good time to buy more?

Buy when everyone is screaming that the end of Bitcoin is tomorrow.

Buy when others are selling. Buy on panic. Never buy on greed.

xypos

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Activity: 532

Merit: 250

Quote from: pinksheep on March 31, 2014, 11:23:47 AM

what's everyone's opinion - is it a good time to buy more?

It is always a bad time to buy against the trend (currently the trend is bearish).
So, I'd say no Cheesy

pinksheep

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what's everyone's opinion - is it a good time to buy more?

hilariousandco

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Quote from: pinksheep on March 30, 2014, 10:28:52 AM

Anyone have any idea what is contributing to the almost relentless decline of bitcoin at the minute? I thought it had got over the collapse of Mt Gox & rumours of a ban in China.

Panic sellers selling on the whiff of bad news whether true or not. That's always the case.

dpb

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Quote from: Eadeqa on March 30, 2014, 01:38:20 PM

Quote from: jollyriffic on March 30, 2014, 12:44:56 PM

Quote from: Sithara007 on March 30, 2014, 11:51:58 AM

Quote from: jollyriffic on March 30, 2014, 11:40:31 AM

rumors of china ban + IRS taxing in usa.

I thought that the IRS taxing was positive for BTC. At least they are recognizing and regulating Bitcoin and are indirectly saying that the possession and trade of BTC is not illegal.

personally i don't consider anything "tax" related a good thing.

Move out to Somalia if you don't like any taxes. Live happy ever after.

Taxes pay for

transport (roads, bridges, infrastructure)
research (NASA)
education
law and order (cops, prisons, judges)
housing
sport
culture
Military, defense, national security

If those goods and services are demanded, individuals will voluntarily buy them; there is no need to enforce arbitrary rules on your neighbor's property. These examples are made more expensive by the price fixing and protection of artificial monopolies conducted by the state.

mr smith

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Quote from: Flashman on March 30, 2014, 06:27:55 PM

Quote from: g4c on March 30, 2014, 02:03:34 PM

What you are witnessing is what has happened several times before.

It's the correction after the over enthusiastic rise.

I find it incredible that Bitcoin has survived so many dramatic rises/corrections and stayed within a logarithmic growth channel.

LOGARITHMIC!

In fact I challenge anybody to find any other security that has exhibited such a behaviour:

Dammit, somebody else noticed Cheesy

Yah, we were "due" to scrape arse, but in the 400s is a bit lower than I was expecting "naturally".

Thats it this chart has done it for me - i'm going to hold hold hold my 0.1 BTC !

Flashman

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Hodl!

Quote from: g4c on March 30, 2014, 02:03:34 PM

What you are witnessing is what has happened several times before.

It's the correction after the over enthusiastic rise.

I find it incredible that Bitcoin has survived so many dramatic rises/corrections and stayed within a logarithmic growth channel.

LOGARITHMIC!

In fact I challenge anybody to find any other security that has exhibited such a behaviour:

Dammit, somebody else noticed Cheesy

Yah, we were "due" to scrape arse, but in the 400s is a bit lower than I was expecting "naturally".

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: rohnearner on March 30, 2014, 01:39:32 PM

Quote from: Wendigo on March 30, 2014, 01:33:14 PM

Can somebody clarify what is happening on April 15th cause I don't have a clue?

Why you mentioned this date..? have you heard that something will happen of April 15.? I haven't yet..! this is the first post i saw claiming such thing

Well that's when supposedly the Chinese banks cut off exchange customers for good, i.e. nobody can get "out" of BTC after that date.

However, BTC-e just enabled "overseas yuan" trading, basically Hong Kong yuan, so don't know how many Chinese customers with HK contacts might decide to trade there.

g4c

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Quote from: BitCoinDream on March 30, 2014, 04:48:18 PM

This is a real good mathematical explanation brother. Can u please give me the bitstamp links from where u got the basic graph ? Is it the same feature shown at other exchanges ?

Thanks. Yes any historical bitcoin price chart will look very similar provided you have log scale turned on.

I used all bitstamp data on bitcoincharts as the basis for my graphic:

http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zvzl

Another exchanges chart might have micro-differences but the overall view should look almost identical (when you have log scale turned on).

BitCoinDream

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The revolution will be digital

Quote from: g4c on March 30, 2014, 02:03:34 PM

What you are witnessing is what has happened several times before.

It's the correction after the over enthusiastic rise.

I find it incredible that Bitcoin has survived so many dramatic rises/corrections and stayed within a logarithmic growth channel.

LOGARITHMIC!

In fact I challenge anybody to find any other security that has exhibited such a behaviour:

This is a real good mathematical explanation brother. Can u please give me the bitstamp links from where u got the basic graph ? Is it the same feature shown at other exchanges ?

xypos

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I will buy some btc next week, the price will go up

Eadeqa

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Quote from: Kiki112 on March 30, 2014, 01:56:24 PM

Quote from: Eadeqa on March 30, 2014, 01:38:20 PM

Quote from: jollyriffic on March 30, 2014, 12:44:56 PM

Quote from: Sithara007 on March 30, 2014, 11:51:58 AM

Quote from: jollyriffic on March 30, 2014, 11:40:31 AM

rumors of china ban + IRS taxing in usa.

I thought that the IRS taxing was positive for BTC. At least they are recognizing and regulating Bitcoin and are indirectly saying that the possession and trade of BTC is not illegal.

personally i don't consider anything "tax" related a good thing.

Move out to Somalia if you don't like any taxes. Live happy ever after.

Taxes pay for

transport (roads, bridges, infrastructure)
research (NASA)
education
law and order (cops, prisons, judges)
housing
sport
culture
Military, defense, national security

what makes you think there's no tax in Somalia? Cheesy

No functional govt .. no taxes.

Besides, in most third world countries you can easily scam govt out of taxes anyway.

The guy not happy with taxes (even though he uses everything that comes from taxes, -- see my list) should move to any third word country. He won't have to deal with taxes (or at least very little).

g4c

member

Activity: 98

Merit: 10

What you are witnessing is what has happened several times before.

It's the correction after the over enthusiastic rise.

I find it incredible that Bitcoin has survived so many dramatic rises/corrections and stayed within a logarithmic growth channel.

LOGARITHMIC!

In fact I challenge anybody to find any other security that has exhibited such a behaviour:

Kiki112

full member

Activity: 196

Merit: 101

Quote from: Eadeqa on March 30, 2014, 01:38:20 PM

Quote from: jollyriffic on March 30, 2014, 12:44:56 PM

Quote from: Sithara007 on March 30, 2014, 11:51:58 AM

Quote from: jollyriffic on March 30, 2014, 11:40:31 AM

rumors of china ban + IRS taxing in usa.

I thought that the IRS taxing was positive for BTC. At least they are recognizing and regulating Bitcoin and are indirectly saying that the possession and trade of BTC is not illegal.

personally i don't consider anything "tax" related a good thing.

Move out to Somalia if you don't like any taxes. Live happy ever after.

Taxes pay for

transport (roads, bridges, infrastructure)
research (NASA)
education
law and order (cops, prisons, judges)
housing
sport
culture
Military, defense, national security

what makes you think there's no tax in Somalia? Cheesy

rohnearner

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Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: Wendigo on March 30, 2014, 01:33:14 PM

Can somebody clarify what is happening on April 15th cause I don't have a clue?

Why you mentioned this date..? have you heard that something will happen of April 15.? I haven't yet..! this is the first post i saw claiming such thing

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: jollyriffic on March 30, 2014, 12:44:56 PM

Quote from: Sithara007 on March 30, 2014, 11:51:58 AM

Quote from: jollyriffic on March 30, 2014, 11:40:31 AM

rumors of china ban + IRS taxing in usa.

I thought that the IRS taxing was positive for BTC. At least they are recognizing and regulating Bitcoin and are indirectly saying that the possession and trade of BTC is not illegal.

personally i don't consider anything "tax" related a good thing.

Move out to Somalia if you don't like any taxes. Live happy ever after.

Taxes pay for

transport (roads, bridges, infrastructure)
research (NASA)
education
law and order (cops, prisons, judges)
housing
sport
culture
Military, defense, national security

Wendigo

legendary

Activity: 2604

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Can somebody clarify what is happening on April 15th cause I don't have a clue?

jollyriffic

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Quote from: Sithara007 on March 30, 2014, 11:51:58 AM

Quote from: jollyriffic on March 30, 2014, 11:40:31 AM

rumors of china ban + IRS taxing in usa.

I thought that the IRS taxing was positive for BTC. At least they are recognizing and regulating Bitcoin and are indirectly saying that the possession and trade of BTC is not illegal.

personally i don't consider anything "tax" related a good thing.
the us government has become a tyrant. we founded this nation on the idea that the government has no power over the people other than what, we the people, say they have power over. they work for the people, the people do not work for them.

Topic: Falling price of Bitcoin (Read 1899 times)