History repeates 2011 right now? - page 2.

esse83

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Quote from: Hyena on January 06, 2015, 04:27:06 PM

Quote from: RyNinDaCleM on January 06, 2015, 04:25:34 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

Good point, that would mean 35$ is the bottom that is yet to come Cheesy

edit:
but we must also consider the number of coins stolen. 18k vs how many were stolen from gox 2011?

Gox lost about BTC2k in the 2011 hack, well according to Mark Karpeles that is Wink

sgbett

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Bobsurplus

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Quote from: sgbett on January 06, 2015, 05:48:46 PM

Quote from: Bobsurplus on January 06, 2015, 05:44:12 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

Right on brother! To the moon we go.. People have really short memories in the bitcoin world it seems. I missed the 2-35-2 rise and crash.. I was around from 10-260-50.... then from 50-1200-250... I dont forget....
Its just the vicious cycle that btc's in for the foreseeable future. Until its truly taken over the world. Then these swings will be behind us. But that's still at least 5-10 years away, maybe more.

#MoonBound

#occamsrazorpost Wink

Do I win because I have fewer assumptions?? Cheesy

sgbett

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Quote from: Bobsurplus on January 06, 2015, 05:44:12 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

Right on brother! To the moon we go.. People have really short memories in the bitcoin world it seems. I missed the 2-35-2 rise and crash.. I was around from 10-260-50.... then from 50-1200-250... I dont forget....
Its just the vicious cycle that btc's in for the foreseeable future. Until its truly taken over the world. Then these swings will be behind us. But that's still at least 5-10 years away, maybe more.

#MoonBound

#occamsrazorpost Wink

Bobsurplus

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Activity: 1008

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Making money since I was in the womb! @emc2whale

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

Right on brother! To the moon we go.. People have really short memories in the bitcoin world it seems. I missed the 2-35-2 rise and crash.. I was around from 10-260-50.... then from 50-1200-250... I dont forget....
Its just the vicious cycle that btc's in for the foreseeable future. Until its truly taken over the world. Then these swings will be behind us. But that's still at least 5-10 years away, maybe more.

#MoonBound

celebreze32

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Quote from: RyNinDaCleM on January 06, 2015, 05:39:50 PM

Quote from: sgbett on January 06, 2015, 05:31:54 PM

Quote from: RyNinDaCleM on January 06, 2015, 04:25:34 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

Bitcoinica collapse was down near $2 wasn't it ?

It was after the bottom. I want to say February or March 2012

Which got hacked first, Bitcoinica or Mt Gox?

RyNinDaCleM

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Quote from: sgbett on January 06, 2015, 05:31:54 PM

Quote from: RyNinDaCleM on January 06, 2015, 04:25:34 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

Bitcoinica collapse was down near $2 wasn't it ?

It was after the bottom. I want to say February or March 2012. If you remember the meelba short, that was after the $7.22 top in January. It was after that

Dilla

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If we go by proportions we still need to go down to about $68, then bounce up to $7885

sgbett

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Quote from: RyNinDaCleM on January 06, 2015, 04:25:34 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

Bitcoinica collapse was down near $2 wasn't it ?

sgbett

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Interesting, but I think the most important factor everyone is overlooking is

WINGLEWII!!!

Cheesy

bigtimespaghetti

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bigtimespaghetti.com

Interesting, but I'm not entirely convinced of the correlation. BTC was in a very different position in so many ways back in 2011.

Warren Buffert

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More sound analysis from the bulltards like usual:

RyNinDaCleM

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Legen -wait for it- dary

Quote from: Hyena on January 06, 2015, 04:27:06 PM

Quote from: RyNinDaCleM on January 06, 2015, 04:25:34 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

Good point, that would mean 35$ is the bottom that is yet to come Cheesy

edit:
but we must also consider the number of coins stolen. 18k vs how many were stolen from gox 2011?

Ok, I'll concede and say 2 more months of bear market is *possible*

Quote from: keystroke on January 06, 2015, 04:27:01 PM

It could be true. But if it takes us to such stratospheric highs then who cares?

I would be ok with that! I...I like money

Hyena

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Quote from: RyNinDaCleM on January 06, 2015, 04:25:34 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

Good point, that would mean 35$ is the bottom that is yet to come Cheesy

edit:
but we must also consider the number of coins stolen. 18k vs how many were stolen from gox 2011?

keystroke

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advocate of a cryptographic attack on the globe

Quote from: RyNinDaCleM on January 06, 2015, 04:25:34 PM

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

It could be true. But if it takes us to such stratospheric highs then who cares?

RyNinDaCleM

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Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: Hyena on January 06, 2015, 04:22:30 PM

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

Hyena

legendary

Activity: 2114

Merit: 1015

The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

Topic: History repeates 2011 right now? - page 2. (Read 2657 times)