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Topic: Geez! You know this chart, guys?! - page 3. (Read 4253 times)

hero member
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August 07, 2014, 06:33:23 PM
#13
It looks a lot like "The Chart"  Cheesy Cool



To be honest, though: Bitcoin hasn't seen that sharp corrections. I know those charts are exaggerated and are only supposed to illustrate a certain movement, or behavior, but a correction to levels at the start of before the bubble even began, is unseen when it comes to Bitcoin. Wait, I may be wrong... 2012?
legendary
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August 07, 2014, 06:30:02 PM
#12
It looks a lot like "The Chart"  Cheesy Cool

hero member
Activity: 1470
Merit: 504
August 07, 2014, 06:06:01 PM
#11
But if you don't artificially compress it to meet your views, it's pretty clear those two charts do not match at all.

Neither chart has a timescale associated, therefore compressing the Bitcoin chart doesn't alter the relevance of the trend data... Since the chart is just a representation of a typical bubble cycle it actually makes sense to change the timescale of the Bitcoin chart to where it matches the trend closest.

Of course, neither chart is really valuable for predicting the future price of Bitcoin when the market is so illiquid that even modestly wealthy single entities can be major market movers; that alone makes it utterly unpredictable...
hero member
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August 07, 2014, 04:37:08 PM
#10
Look like law of gravity at work.

What goes up, must come down.

Has Bitcoin ever cared about what it 'must'? You know, the Honeybadger just doesn't care. Bitcoin has 'violated' so many laws markets are supposed to work according to. I wouldn't be surprised if we were in for a few more surprises to come!
full member
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August 07, 2014, 04:28:53 PM
#9
Look like law of gravity at work.

What goes up, must come down.
hero member
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Trust me!
August 07, 2014, 03:46:41 PM
#8


So, are you proposing that we've reached the 'real bottom' now once and for all, or do you say we might see another bubble after this one? I think those are two polar opposite positions one could assume here. The bubble you are showing us actually suggests that things are done, but bitcoin experiences bubble over bubble, it seems!
sr. member
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August 07, 2014, 03:34:08 PM
#7
But if you don't artificially compress it to meet your views, it's pretty clear those two charts do not match at all.
hero member
Activity: 1470
Merit: 504
August 07, 2014, 12:45:01 PM
#6
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.
legendary
Activity: 1218
Merit: 1010
August 07, 2014, 12:18:35 PM
#5
The "anotomy of the buble" chart is a different one - sorry!

Nope. The other chart is for plain dumpers, without any further skills, like fontas or mmitech.

whose alter dumper ego are you?

 Cheesy
hero member
Activity: 1274
Merit: 520
August 07, 2014, 09:22:10 AM
#4
The "anotomy of the buble" chart is a different one - sorry!

Nope. The other chart is for plain dumpers, without any further skills, like fontas or mmitech.
zby
legendary
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August 07, 2014, 09:13:06 AM
#3
The "anotomy of the buble" chart is a different one - sorry!
legendary
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August 07, 2014, 09:10:03 AM
#2
Everyone knows that graph. We're currently at the very end of it. Time for the next cycle Smiley
hero member
Activity: 1274
Merit: 520
August 07, 2014, 08:42:20 AM
#1
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