DUMPER! Such TA! So accurate! Very Guru!
Topic: Geez! You know this chart, guys?! (Read 4253 times)
I find it funny that people always try to force a "system" or a "scheme" on things. Fact is that things do no repeat itself.
Wow, this is actually pretty fascinating. It's really interesting how human mass psychology can be displayed, explained, and manipulated with numbers.
These graphs can be interpreted in so many ways tho
A more important chart:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2013%2020m&cmpt=date
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2013%2020m&cmpt=date
Other people just get nervous because Bitcoin is adopting much slowier than expected or hoped. No one is using BTC and this is bad...
I suggest you read this:
http://www.coindesk.com/overstock-reveals-bitcoin-sales-averaging-15000-per-day/
Maybe your assumption is not quite correct.
hm ok. I don't know one retailer/bar/shop which I use and accepts Bitcoin. I don't know one person personally who bought something with Bitcoin. Me, too. Ah oh wait, I bought a book via some middle service from Amazon. I think it cost 2 or 3x more than with Euro.
Extrapolations have and will continue to fail to accurately predict what will happen next. Sure you can get something that is "close," but it will never be the same. Irrational markets tend not to follow the exact same thing every time. I'm talkin about it having more gradual run ups one bubble, or hard crashes the next.
They all have the same general characteristics such as peaks, bottoms, bull/bear traps, and stagnant periods.
Always look to the past for information, but never use it as guidance. The conditions that happened in 2012 are much more different than they are in present trading. Sentiment, news, and technicals can all be so much more different.
They all have the same general characteristics such as peaks, bottoms, bull/bear traps, and stagnant periods.
Always look to the past for information, but never use it as guidance. The conditions that happened in 2012 are much more different than they are in present trading. Sentiment, news, and technicals can all be so much more different.
Other people just get nervous because Bitcoin is adopting much slowier than expected or hoped. No one is using BTC and this is bad...
I suggest you read this:
http://www.coindesk.com/overstock-reveals-bitcoin-sales-averaging-15000-per-day/
Maybe your assumption is not quite correct.
the time between the 300 and the 1300 is shorter than the time between 1300 and now.
in other words, the long period after the 'death' should already be past us.
Bingo.in other words, the long period after the 'death' should already be past us.
I'll add this for some perspective:
All of this has happened before. All of it will happen again. And again. And again until nation-state fiat scrip no longer exists.
Are you going to make competition to "The Anatomy of a Bubble" Chart by posting your chart in a inflationary manner? No matter in which thread I'm reading I find your chart. We all have seen it! It's ok. There were a lot of other people, which had recognized the pattern similarities before. Please stop posting it!
So, throw away all your knowledge about economics and price theory. Supply and demand? With a stable supply and more people think it is useful, the price will raise? Arrgh. It is only about the past! If people like Bitcoin more and more they have bad luck. Because of TA, patterns in the past and theoretival life cylcles. Sorry, guys!
In my opinion the price is falling recently, because many people thought that in July the price will 5fold. They just believed in a new rally.
Other people just get nervous because Bitcoin is adopting much slowier than expected or hoped. No one is using BTC and this is bad...
In my opinion the price is falling recently, because many people thought that in July the price will 5fold. They just believed in a new rally.
Other people just get nervous because Bitcoin is adopting much slowier than expected or hoped. No one is using BTC and this is bad...
the time between the 300 and the 1300 is shorter than the time between 1300 and now.
in other words, the long period after the 'death' should already be past us.
Bingo.in other words, the long period after the 'death' should already be past us.
I'll add this for some perspective:
All of this has happened before. All of it will happen again. And again. And again until nation-state fiat scrip no longer exists.
Im going to buy me some tulips,
atleast they smell nice.
atleast they smell nice.
the time between the 300 and the 1300 is shorter than the time between 1300 and now.
in other words, the long period after the 'death' should already be past us.
Ha! What did the dump3er dude tell you all?
Ha! Now you all agree that it looks like witchcraft!
Funny times ahead! Ha!
Ha! Now you all agree that it looks like witchcraft!
Funny times ahead! Ha!
Jizzed in your pants?
While charting I'm always nude, so no pants...
Ha! What did the dump3er dude tell you all?
Ha! Now you all agree that it looks like witchcraft!
Funny times ahead! Ha!
Ha! Now you all agree that it looks like witchcraft!
Funny times ahead! Ha!
Jizzed in your pants?
Ha! What did the dump3er dude tell you all?
Ha! Now you all agree that it looks like witchcraft!
Funny times ahead! Ha!
Ha! Now you all agree that it looks like witchcraft!
Funny times ahead! Ha!
My interpretation of that chart tells me that final capitulation hasn't happened yet...
Compress the Bitcoin chart and it looks like final capitulation won't be for another few months.
Compress the Bitcoin chart and it looks like final capitulation won't be for another few months.
Agree final capitulation is at least half year away so enjoy guy till it will last.
No way we're going to see a drop that sharp and below the prices of before the bubble. Bitcoin Bubbles burst at times, yeah, they're bubbles after all. But they do get us to prices we haven't been before! That's what makes them special and immune to this chart.
So are we going up or down?
I can't understand if I should enter now or wait for the final capitulation.
I can't understand if I should enter now or wait for the final capitulation.
If you are not invested at all in bitcoin, you could buy now, but have to be strong in the case of a possible capitulation that could go to low 300's or less probable even lower. Nobody can assure you will happen. All speculation is only build up on probabilities, and even these probabilities each one will define different.
My estimate:
40% capitulation to (400's - 300's),
30% longer sidewards movement (500 - 800), then bull run
25% bull run in the near term
5% cataclysm to very low levels
okay so predict a price for january 2015
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