Is Bitcoin bipolar?
Yes
Topic: Lets see if you can read a simple graph. - page 2. (Read 4644 times)
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Did I nail it? Is there a prize?
So Enthusiasm is at the same height as Despair? How does that work out?
Is Bitcoin bipolar?
The illustration isn't supposed to be logarithmic so this debate is irrelevant.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.
idiots w/ their log charts.
idiots w/ their log charts.
The price moved from $1 to $10, that was huge! The price moves from $133 to $142 nobody blinks an eye. Why are they shown the same on the chart if they produce such vastly different responses? Therefore, log charts are
Yea i kno, right?
I am confused, are you agreeing with me or disagreeing with me?
Interesting I expected the -- I refuse to vote -- option to be far more popular.
Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.
idiots w/ their log charts.
idiots w/ their log charts.
Please explain how "spread or adoption" is not proportional to price at this stage.
Did I nail it? Is there a prize?
That's how I read it, but EM wants you to see us at "return to normal" rather than "return to mean".
Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.
idiots w/ their log charts.
idiots w/ their log charts.
The price moved from $1 to $10, that was huge! The price moves from $133 to $142 nobody blinks an eye. Why are they shown the same on the chart if they produce such vastly different responses? Therefore, log charts are
Yea i kno, right?
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.
idiots w/ their log charts.
idiots w/ their log charts.
The price moved from $1 to $10, that was huge! The price moves from $133 to $142 nobody blinks an eye. Why are they shown the same on the chart if they produce such vastly different responses? Therefore, log charts are useful.
Did I nail it? Is there a prize?
Log chart might be appropriate for spread or adoption of the underlying technology but not the fiat price of a single instance of the technology.
idiots w/ their log charts.
idiots w/ their log charts.
For bitcoin the chart will always point upwards, due to limited supply of bitcoin and unlimited supply of fiat money, this chart is irrelevant
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Look at it on a log scale, and you will see a very different picture. Also, remember that the rate of inflation halved last November. So the rise from January to April this year and the subsequent plateau closely resembles the rises from May to July 2012, and November 2011 to January 2012, and also the rise from April to June 2011 except that one had a steeper (downward sloping) plateau because of the higher rate of inflation.
In conclusion, therefore, we are not resembling the OP chart at all.
In conclusion, therefore, we are not resembling the OP chart at all.
*If* Bitcoin is a keeper technology for the human race then buy and never sell.
Omg we are in a bubble, buy buy buy, no sell sell sell
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
We're still in the taking off phase if you look at the bigger picture. But there are always fractal patterns visible if you zoom in so you have various patterns within bigger patterns that look similar. But I don't think we'll see capitulation within this smaller time frame though, it will go up and down for a while but the time when bitcoins could be bought below $40-50 are over imo. Too many new people have come in, and too many old people are out who sold somewhere between $15 and $100 and are still in denial waiting for capitulation. We will see THEM capitulate and panic buy back in as we let go of the bubble anxiety and the price starts to rise above $170. 
Funny post EM
I think Miz has it right here.
This means, it will likely go down*, but indeed not below $40, and in the grand scheme of things we are still at early adopter phase so the big bubble where institutional investors and later the mass market participates will push it to much higher prices but only in a few years.
*At least I hope it will go down or I'm ***
EM same situation? 
if gox hits $150 again, I'll definitely think "return to normal" - so that has my vote.
At the moment, its a bull trap.
At the moment, its a bull trap.
It cannot be Return to normal as the graph would end up in negative value ^^
Also I don't think we saw Institutional Investors yet.
Also we are still waiting for the "Public". Also I don't think we saw Institutional Investors yet.
Great illustration there!
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