Topic: Monthly USD returns since 2011 - page 2. (Read 246 times)
Very interesting chart.However,I wouldn`t compare a price crash with a bearish market.A price crash happens very fast(usually 1-2 days),while a steady price decrease,A.K.A a bearish market continues for about 4-5 months.By the way,at Jan 2012 bitcoin price was around $4.That was the month,when I heard about bitcoin for the first tiime.
Interesting that we had not seen 5 negative months on a roll from 2011. Will we ever see that again? Is is possible this year? July already might fail and being positive. But we are only half way though. If we have negative July , August and September we would defiantly hit bottom on September.
A nice way to visualize how you would have done with dollar cost averaging.
There's also this one to visualize crashes:
Looking at the -87% crash of the MtGox peak all the way down to $152, and considering we've crashed -70% already.. I don't really see a logical reason for the price to keep going lower. There hasn't happened anything as disastrous as MtGox for it to be justified, so any further dipping would be someone with an interest to trigger FUD so they can buy in lower after you panic sell. You should be dollar cost averaging heavily by now and considering any lower prices as a gift.
There's also this one to visualize crashes:
Looking at the -87% crash of the MtGox peak all the way down to $152, and considering we've crashed -70% already.. I don't really see a logical reason for the price to keep going lower. There hasn't happened anything as disastrous as MtGox for it to be justified, so any further dipping would be someone with an interest to trigger FUD so they can buy in lower after you panic sell. You should be dollar cost averaging heavily by now and considering any lower prices as a gift.
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