All I see is a bull pendant forming.
Looks more like a medallion to me.
Topic: Is this concerning? - page 2. (Read 6333 times)
Looks more like a medallion to me.
Remember this, guys?
Now look at this:
Now, at what point do you think we are?
Now look at this:
Now, at what point do you think we are?
Every crash looks the same, what matters is the difference, otherwise everyone will be able to make perfect predictions.
I will leave it to you to find out where the differences are.
It just seems so strange to see so many people suggesting that the bubble is over (..."onto the next bubble"...)
Doesn't seem to be in tune with the nature of bubbles. Are these people saying that this was not, in fact, a bubble? Or simply that bitcoin is different than any other speculative asset?
If you make decisions on the basis that bitcoin is different than any other speculative asset, I think you might be crazy. That bitcoin might be novel, etc. doesn't change its nature.
Doesn't seem to be in tune with the nature of bubbles. Are these people saying that this was not, in fact, a bubble? Or simply that bitcoin is different than any other speculative asset?
If you make decisions on the basis that bitcoin is different than any other speculative asset, I think you might be crazy. That bitcoin might be novel, etc. doesn't change its nature.
I wrote this a couple of time (I have to spam again). There are 7,000,000,000 people on the earth and only 11,000,00 btc now. It is impossible than 1% (70,000,000 people) can have 1 btc (because there is not enough Bitcoins) = logic => Bitcoin will be worth more than $300,000 USD or crash to ZERO (no other choices)
What is your bet ? $0 or $300,000 (there is not between ... long term(10 years) ) ... will you buy ONE (only ONE is enough) ?
On this tought : My bet is 300 000 !
Remember this, guys?
Now look at this:
Now, at what point do you think we are?
Now look at this:
Now, at what point do you think we are?
We are at 120 where we were at 12 on the down slope of 2011... By this conclusion, someone can expect it could go down to 20 before uptrend to 2500.
My point of view is that it is the worst case scenario, and I've hard time imagining such a low of 20. Bitcoin are way more evolve compared to 2011.. 20 seems almost impossible, except for a long list of really bad thing happening to BTC in the next year.
I buy as I can below 100, and dont want to sell any under 1000, even 2000...
BTC under 50 is part of history,
BTC under 100 are real bargain cheap coin, and are rare occasion
I've bought a lot under 100, and sold much over 200
I'll buy alot under 1000, and sell only some over 2000 !
-- Perma-bull
Look at the bubbles! I'm concerned!
Hey guys, I'm OP's alt account, I can't believe you are all so stupid for falling for my failtroll FUD trick! Classic graph comparison, oldest trick in the book! Here's how it's done:
1) Take graph of classic bubble anatomy; include labels.
2) Take graph of BTC up to and following April crash.
2a) Zoom out 300%
2b) Pan as far left as possible so it looks like very little price action occurred following BTC bubble compared to real estate bubble.
You'll notice that now, the zoom/pan functions allowed me to make it appear as if the price action following the BTC crash, which is actually nearly identical to the "classic bubble anatomy graph," is insignificant and we are still going to crash down to $2, the "Real bottom." If you zoom back in and pan so that the segments of space with little price action before the crash are actually comparable (rather than a ridiculously unforgivable amount of zero action displayed on the leftmost 3/4 of the BTC graph compared to almost none of the real estate graph) you'll see that we've already hit most of the points in the "bubble graph." Yes, denial, yes, "new normal," yes, "real bottom" and we are right around "real capitulation."
Now I'm actually a schizo with MPD, so don't tell my other half (the real OP on my alt account) that I gave out his secrets or his hopes of using the speculation subforum to talk down the price will be completely shot.
Sorry OP, I know I can be an unforgivable asshole. For the record, I don't think you actually went into GIMP and did all this, nor do I think you're a troll trying to talk down the price. I just think it's funny that you present two graphs as comparable simply because they both have a 1y timescale, when the amount of insignificant pre-bubble price action is like 3/4 on one of the charts and almost none on the other chart. I might be an unforgiveable asshole but THAT is unforgivable chart-fail
It seems like every other week the denizens of Bitcointalk learn this very important lesson: Using the zoom/pan function (or, the original image compilers using this function and an innocent yet passively complicit bystander such as Razick posting it) you can make any graph look like any other graph. Why don't I just shove up a graph of AAPL with it's inverse double bottom and say we're going back to $260 in a couple days?
1) Take graph of classic bubble anatomy; include labels.
2) Take graph of BTC up to and following April crash.
2a) Zoom out 300%
2b) Pan as far left as possible so it looks like very little price action occurred following BTC bubble compared to real estate bubble.
You'll notice that now, the zoom/pan functions allowed me to make it appear as if the price action following the BTC crash, which is actually nearly identical to the "classic bubble anatomy graph," is insignificant and we are still going to crash down to $2, the "Real bottom." If you zoom back in and pan so that the segments of space with little price action before the crash are actually comparable (rather than a ridiculously unforgivable amount of zero action displayed on the leftmost 3/4 of the BTC graph compared to almost none of the real estate graph) you'll see that we've already hit most of the points in the "bubble graph." Yes, denial, yes, "new normal," yes, "real bottom" and we are right around "real capitulation."
Now I'm actually a schizo with MPD, so don't tell my other half (the real OP on my alt account) that I gave out his secrets or his hopes of using the speculation subforum to talk down the price will be completely shot.
Sorry OP, I know I can be an unforgivable asshole. For the record, I don't think you actually went into GIMP and did all this, nor do I think you're a troll trying to talk down the price. I just think it's funny that you present two graphs as comparable simply because they both have a 1y timescale, when the amount of insignificant pre-bubble price action is like 3/4 on one of the charts and almost none on the other chart. I might be an unforgiveable asshole but THAT is unforgivable chart-fail
It seems like every other week the denizens of Bitcointalk learn this very important lesson: Using the zoom/pan function (or, the original image compilers using this function and an innocent yet passively complicit bystander such as Razick posting it) you can make any graph look like any other graph. Why don't I just shove up a graph of AAPL with it's inverse double bottom and say we're going back to $260 in a couple days?
Quote
But instead, OP fucked with the time scale, manipulated it to appear that we were only at the beginning stage of the "bubble anatomy."
I didn't fuck with anything, I mistakingly left out the time scale when I cropped it. It's a one year chart. I thought the charts looked similar but if you actually read my posts you will see that I acknowledge that we are likely at the final capitulation. I'm not a bull or a bear, I'm cautious: May I suggest that I'm not an idiot for raising a concern and discussing it openly? Don't be an ass--I didn't manipulate anything.
Quote
If you believe OP's obvious timescale manipulation, you're a tool, so sell all your bitcoins and go back to investing in real estate
There is no manipulation, it's a 1 year chart, all of you should be able to tell by looking, this is how I first noticed the similarities. I mistakenly cropped it out. Why would I waste my time "manipulating the timescale?" Get a life, not everyone is out to get you.
I didn't even make any assertions, I just said it's concerning. I even admitted that we are likely past the final capitulation (although I'm not sure yet) when someone posted a different chart. You can disagree without being a jerk.
Here's another one.
Here is one that is more up to date and with a log scale, and you can see that it didn't follow the arrow down quite yet.
Source: http://home.earthlink.net/~intelligentbear/
Why bitcoin is so unstable. 32-2-265-50-165-79 ... next number are 300(bottom),1500(bottom),7500(bottom),40000(bottom),200000(bottom)
Bitcoin is unstable because of rampant speculation driven by media hype.
I really hope you don't actually believe what you just typed, there is no reason to think those numbers hold any validity.
beanie babies have 0 utility and very little store of value or practical use.
Beats bitcoins tough.
right.. i hope someone permenantly quotes you. you will be known as the crazy dude
I already are stamped a payed troll, so I've got you beat.
are you allowed to disclose your backers?
It's people like ripetila which pay me - kinda.
Irrational investors which make syphoning off money from price swings easy.
I post mainly for the laughs though.
I wrote this a couple of time (I have to spam again). There are 7,000,000,000 people on the earth and only 11,000,00 btc now. It is impossible than 1% (70,000,000 people) can have 1 btc (because there is not enough Bitcoins)
This assumes that BTC will become the defacto world currency. That is an insanely huge assumption with no evidence to support it.
Bitcoin will be worth more than $300,000 USD or crash to ZERO (no other choices)
Another big assumption. BTC could just as easily keep booming and busting like it is now, or stagnate around any given price.
beanie babies have 0 utility and very little store of value or practical use.
Beats bitcoins tough.
I wrote this a couple of time (I have to spam again). There are 7,000,000,000 people on the earth and only 11,000,00 btc now. It is impossible than 1% (70,000,000 people) can have 1 btc (because there is not enough Bitcoins)
This assumes that BTC will become the defacto world currency. That is an insanely huge assumption with no evidence to support it.
Bitcoin will be worth more than $300,000 USD or crash to ZERO (no other choices)
Another big assumption. BTC could just as easily keep booming and busting like it is now, or stagnate around any given price.
In 10 yrs there will be more than 11 mil BTC.
1000-1500 dollars seems doable. I could tolerate spikes to maybe 3000. But 300k.. Insane. Nothing worth that much. And yes, we could split into many 0s. But think to gold also. 1g is 45 bucks. Not much right? But not much gold either.
1000-1500 dollars seems doable. I could tolerate spikes to maybe 3000. But 300k.. Insane. Nothing worth that much. And yes, we could split into many 0s. But think to gold also. 1g is 45 bucks. Not much right? But not much gold either.
The price of gold is ~1,500/oz the LOWEST estimates of the amount of gold in the world say that there is ~4.9billion oz of gold that has been mined in the world.
Compare that to 21 million BTC
Other assets don't have this kind of potential that could blow its value to the sky way beyond any bubble we've ever seen before.
Do you consider what you are saying to be rational? Serious question.
I wrote this a couple of time (I have to spam again). There are 7,000,000,000 people on the earth and only 11,000,00 btc now. It is impossible than 1% (70,000,000 people) can have 1 btc (because there is not enough Bitcoins) = logic => Bitcoin will be worth more than $300,000 USD or crash to ZERO (no other choices)
What is your bet ? $0 or $300,000 (there is not between ... long term(10 years) ) ... will you buy ONE (only ONE is enough) ?
What is your bet ? $0 or $300,000 (there is not between ... long term(10 years) ) ... will you buy ONE (only ONE is enough) ?
You lost me at "logic". I don't see a basis for this at all.
:-) Try to use them if you have any. You can buy goods, services ..., soon I'm accepting payments only in Bitcoins (it does not matter if you want to eat or buy drugs * ... I ACCEPT ONLY BITCOIN )
* I offer software development services.
In 10 yrs there will be more than 11 mil BTC.
1000-1500 dollars seems doable. I could tolerate spikes to maybe 3000. But 300k.. Insane. Nothing worth that much. And yes, we could split into many 0s. But think to gold also. 1g is 45 bucks. Not much right? But not much gold either.
1000-1500 dollars seems doable. I could tolerate spikes to maybe 3000. But 300k.. Insane. Nothing worth that much. And yes, we could split into many 0s. But think to gold also. 1g is 45 bucks. Not much right? But not much gold either.
Other assets don't have this kind of potential that could blow its value to the sky way beyond any bubble we've ever seen before.
Do you consider what you are saying to be rational? Serious question.
I don't know if it's rational or not, I do believe the amazing potential is there but I couldn't say how high the chances are that bitcoin will actually live up to its potential. I just think it's great to be able to be a part of it, even if it does fail it will still serve as a catalyst for another crypto-currencies to become part of the mainstream. I think many people share in this excitement and the fire is spreading. The current bubble talk just pales in comparison to this, I just don't see it as important in the entire picture.
Other assets don't have this kind of potential that could blow its value to the sky way beyond any bubble we've ever seen before.
Do you consider what you are saying to be rational? Serious question.
I wrote this a couple of time (I have to spam again). There are 7,000,000,000 people on the earth and only 11,000,00 btc now. It is impossible than 1% (70,000,000 people) can have 1 btc (because there is not enough Bitcoins) = logic => Bitcoin will be worth more than $300,000 USD or crash to ZERO (no other choices)
What is your bet ? $0 or $300,000 (there is not between ... long term(10 years) ) ... will you buy ONE (only ONE is enough) ?
What is your bet ? $0 or $300,000 (there is not between ... long term(10 years) ) ... will you buy ONE (only ONE is enough) ?
You lost me at "logic". I don't see a basis for this at all.
It just seems so strange to see so many people suggesting that the bubble is over (..."onto the next bubble"...)
Doesn't seem to be in tune with the nature of bubbles. Are these people saying that this was not, in fact, a bubble? Or simply that bitcoin is different than any other speculative asset?
If you make decisions on the basis that bitcoin is different than any other speculative asset, I think you might be crazy. That bitcoin might be novel, etc. doesn't change its nature.
Doesn't seem to be in tune with the nature of bubbles. Are these people saying that this was not, in fact, a bubble? Or simply that bitcoin is different than any other speculative asset?
If you make decisions on the basis that bitcoin is different than any other speculative asset, I think you might be crazy. That bitcoin might be novel, etc. doesn't change its nature.
I wrote this a couple of time (I have to spam again). There are 7,000,000,000 people on the earth and only 11,000,00 btc now. It is impossible than 1% (70,000,000 people) can have 1 btc (because there is not enough Bitcoins) = logic => Bitcoin will be worth more than $300,000 USD or crash to ZERO (no other choices)
What is your bet ? $0 or $300,000 (there is not between ... long term(10 years) ) ... will you buy ONE (only ONE is enough) ?
The difference is that there's a lot happening around bitcoin at the moment and the amazing potential is still there. Other assets don't have this kind of potential that could blow its value to the sky way beyond any bubble we've ever seen before. Look at the bitcoin bubble of 2011 and where we are now, people know this could very well happen again so this might keep the 'bubble' from deflating like normal asset bubbles.
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