Would you mind checking with the crash of August/September 2012? 
In October it was almost back to the peak already
Topic: Looks more and more like a 2011 repeat - page 2. (Read 15010 times)
In October it was almost back to the peak already
Learn from history. History often repeats itself.
Would you mind checking with the crash of August/September 2012?
An update:
Manfred, please tell me you've got your nick from watching Day[9]!
2013 started at ~$13 to ~$1 in 2011
When is the starting point? With the peaks its easy its a fixed day. Y-axis is just a screen-print from bitcoinchart and then the peaks are matched up.
Yeah true, starting point is somewhat arbitrary, but you can see here that the 2013 plateau at start is higher than 2011.
Could you post both pictures/layers separately?
When is the starting point? With the peaks its easy its a fixed day. Y-axis is just a screen-print from bitcoinchart and then the peaks are matched up.
When will this relationship end?
Why aren't the starting points aligned? Or said otherwise, the peaks are overlapped, but how is the Y-axis determined for both charts? To get the same average price? Just somewhat arbitrary?
In my opinion, if you 'stretched out' the 2013 version a bit vertically, you would get better overlap.
When will this relationship end?
.
Quick update on proceedings. When will the trend be broken? The price seems unaffected by what is happening in the world instead just gradually deflates. The profit takers certainly are hard at work and make good use of it.
Are you guys updating this comparison anywhere?
Boy, do I long for the days before things fell apart..... 
2011 June 8th, Bitcoin price peaked and most bitcoin software downloads where on the 15th.
In 2013 the price peaked on 9 April and highest downloads where on the 10th of April.
At the end of all this the smart once will have increased net possession of Bitcoins in the pocked. The short term speculators will continue to whine, cry and beg.
Cant add more data to 2013 range as it needs a whole months data otherwise it points down to the current 20k for the month. (last point is 160k)
In 2013 the price peaked on 9 April and highest downloads where on the 10th of April.
At the end of all this the smart once will have increased net possession of Bitcoins in the pocked. The short term speculators will continue to whine, cry and beg.
Cant add more data to 2013 range as it needs a whole months data otherwise it points down to the current 20k for the month. (last point is 160k)
Quick update on proceedings. When will the trend be broken? The price seems unaffected by what is happening in the world instead just gradually deflates. The profit takers certainly are hard at work and make good use of it.
Very nice correlation
So we'll bottom at 30~40...IMO that depends on a lot of things:
The continued progress of BTC's infrastructure
More interest in BTC (only 11 million shares right now) - Many of the holder now will sell to lock in profits but they still believe. There will be more interest at the "bottom" is my guess, much much more...
Global economic situation (Heck, the whole Global situation, not just economic)
Continued manipulation of precious metals down by paper selling - forcing more seekers of wealth holdings into alternative areas.
(Especially) America's treatment of the regulation and legality of BTC
Etc.
So, I would be very very careful about putting a number on it. But yes, around 30 to 40...
Quick update on proceedings. When will the trend be broken? The price seems unaffected by what is happening in the world instead just gradually deflates. The profit takers certainly are hard at work and make good use of it.
Very nice correlation
So we'll bottom at 30~40...
Quick update on proceedings. When will the trend be broken? The price seems unaffected by what is happening in the world instead just gradually deflates. The profit takers certainly are hard at work and make good use of it.
yes, the green line.
I was in some sort of denial. But now this period is just too long.
But also the red one is coming down now.
If you campare this to 2011, we see that when the red one is coming down, the new highs are lower than the previous highs and the new lows are lower than the previous lows, a bearish sign...
I was in some sort of denial. But now this period is just too long.
But also the red one is coming down now.
If you campare this to 2011, we see that when the red one is coming down, the new highs are lower than the previous highs and the new lows are lower than the previous lows, a bearish sign...
It's like you guys are conveniently ignoring all the development in the past two years
yes, the green line.
I was in some sort of denial. But now this period is just too long.
But also the red one is coming down now.
If you campare this to 2011, we see that when the red one is coming down, the new highs are lower than the previous highs and the new lows are lower than the previous lows, a bearish sign...
I was in some sort of denial. But now this period is just too long.
But also the red one is coming down now.
If you campare this to 2011, we see that when the red one is coming down, the new highs are lower than the previous highs and the new lows are lower than the previous lows, a bearish sign...
I was a bitcoin bull, now fearing more and more we are actually in a 2011 repeat. Just compare the forum activity at that time and now:
Number of new members falling hard, number of posts still at a high level. That was ALSO the case in 2011
When the number of nen members hits 100/day, we will see the decline starting (I guess to 20-30$).
Removed my buy orders today, added multiple sell orders due to this chart...
The green line, right? Hasn't that been in a strong decline for a while now ever since it topped out in May or so? Number of new members falling hard, number of posts still at a high level. That was ALSO the case in 2011
When the number of nen members hits 100/day, we will see the decline starting (I guess to 20-30$).
Removed my buy orders today, added multiple sell orders due to this chart...
I was a bitcoin bull, now fearing more and more we are actually in a 2011 repeat. Just compare the forum activity at that time and now:
Number of new members falling hard, number of posts still at a high level. That was ALSO the case in 2011
When the number of nen members hits 100/day, we will see the decline starting (I guess to 20-30$).
Removed my buy orders today, added multiple sell orders due to this chart...
Number of new members falling hard, number of posts still at a high level. That was ALSO the case in 2011
When the number of nen members hits 100/day, we will see the decline starting (I guess to 20-30$).
Removed my buy orders today, added multiple sell orders due to this chart...
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