Expected and not concerning at all. Bitcoin needs a sustainable price trend. Bubbling is not sustainable. Thus, this burst/correction is needed and welcomed.
Take this chance to buy more coins.
Topic: Is this concerning? - page 4. (Read 6333 times)
I'm not sure I buy in to that one myself, but looking at the actual data instead of the forecast, notice that bubbles do tend to have a distinct shape.
Someone should graph the the occurrences of this image in this forum - I am sure that can be used as a kind of indicator.
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?
I just expect it. Still nothing is certain.
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The picture above, especially the "final capitulation" seems so final, as if Bitcoin wouldn't recover or proceed to higher highs after that.
The final capitulation seems so final, yeah that certainly makes sense.
I don't think there is any question that Bitcoin will recover and eventually reach new highs, I'm just unsure of when this will happen.
OP top graph lacks a time scale. I assume it's the all-time chart...
It's a 1 year chart.
I just expect it. Still nothing is certain.
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The picture above, especially the "final capitulation" seems so final, as if Bitcoin wouldn't recover or proceed to higher highs after that.
The final capitulation seems so final, yeah that certainly makes sense.
I don't think there is any question that Bitcoin will recover and eventually reach new highs, I'm just unsure of when this will happen.
I just expect it. Still nothing is certain.
Quote
The picture above, especially the "final capitulation" seems so final, as if Bitcoin wouldn't recover or proceed to higher highs after that.
The final capitulation seems so final, yeah that certainly makes sense.
I'm not going to say anything here, except that the similarity between these charts is eerie, and the second image comes from a real estate article, not Bitcoin.
[...]
[...]
Better use this image to propagate the bear propaganda.
That is a good point, we may already be (almost) completely corrected based on this chart.
Oh come on not another one of these charts... No it's not concerning at all, we've been through this many times already. Either you believe in bitcoin or you don't, price fluctuations on the short term should not bother you much. Maybe we'll revisit $50 again, maybe we'll even bottom out at $30.. who cares in a year from now you'll be showing these exact same charts when we top at $5000 and you'll be worried about whether we go down below $1000 per bitcoin again.
My thoughts exactly.
Oh come on not another one of these charts... No it's not concerning at all, we've been through this many times already. Either you believe in bitcoin or you don't, price fluctuations on the short term should not bother you much. Maybe we'll revisit $50 again, maybe we'll even bottom out at $30.. who cares in a year from now you'll be showing these exact same charts when we top at $5000 and you'll be worried about whether we go down below $1000 per bitcoin again.
I believe in Bitcoin, but buying at $120 or so is not a great idea if it is likely it will be half off soon... I still think it's a little overvalued in the short term.
OP top graph lacks a time scale. I assume it's the all-time chart...
Oh come on not another one of these charts... No it's not concerning at all, we've been through this many times already. Either you believe in bitcoin or you don't, price fluctuations on the short term should not bother you much. Maybe we'll revisit $50 again, maybe we'll even bottom out at $30.. who cares in a year from now you'll be showing these exact same charts when we top at $5000 and you'll be worried about whether we go down below $1000 per bitcoin again.
It's not concerning but expected.
Why is that? The picture above, especially the "final capitulation" seems so final, as if Bitcoin wouldn't recover or proceed to higher highs after that.
It's not concerning but expected.
I'm not going to say anything here, except that the similarity between these charts is eerie, and the second image comes from a real estate article, not Bitcoin.
[...]
[...]
Better use this image to propagate the bear propaganda.
Yes, it is concerning.
The Great Dollar Extraction is upon us.
The Great Dollar Extraction is upon us.
All I see is a bull pendant forming.
Here's another one.
I'm not going to say anything here, except that the similarity between these charts is eerie, and the second image comes from a real estate article, not Bitcoin.
1 YEAR CHART, yes the timescale is missing, get over it. Look it up on blockchain.info but do not accuse me of manipulation anymore because I will ignore it.
Anatomy of a bubble from oftwominds.com
Alternative and even more similar charts provided by dexX7. These suggest more optimism.
1 YEAR CHART, yes the timescale is missing, get over it. Look it up on blockchain.info but do not accuse me of manipulation anymore because I will ignore it.
Anatomy of a bubble from oftwominds.com
Alternative and even more similar charts provided by dexX7. These suggest more optimism.
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