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Topic: Prices to fall below $50 - page 2. (Read 2057 times)

legendary
Activity: 1722
Merit: 1004
July 07, 2013, 08:02:46 PM
#8
I think it is supposed to be the top after the chain fork scare at 50 since that's the only point where it touches a candle wick.

IDK, I freaked out about the fork when it was happening, but it doesn't sound like a particularly important technical point IMO~.~

It was important from a fundamental perspective, (dev team not as competent as they should be)...


Wow, you're nuts if that was your takeaway from the fork.

How quickly and competantly (and with consensus) it was handled is a testament to how the community can and does operate in the inevitable scenarios where technical (or malicious) issues arise. In sharp contrast to your awful misunderstanding is the correct takeaway; ie, a sense of more confidence in the overall robustness of bitcoin, both from a technical and community perspective.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
July 07, 2013, 06:46:19 PM
#7

What the heck is that supposed upper bound, its utterly meaningless...

...

The February 2012 top.
sr. member
Activity: 256
Merit: 250
July 07, 2013, 04:30:26 PM
#6
Check out this blog. Here's the chart:

http://afbitcoins.wordpress.com/tag/channel/

I used to read the AFB, there's some really good points made there. Thanks for reminding me about that blog.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
July 07, 2013, 03:18:01 PM
#5
I think it is supposed to be the top after the chain fork scare at 50 since that's the only point where it touches a candle wick.

IDK, I freaked out about the fork when it was happening, but it doesn't sound like a particularly important technical point IMO~.~

It was important from a fundamental perspective, (dev team not as competent as they should be) but I agree the move was to small to be considered in this kind of TA.
If anything move the upper channel down so it touches the bottom after the pop.
full member
Activity: 168
Merit: 100
July 07, 2013, 03:14:55 PM
#4
I think it is supposed to be the top after the chain fork scare at 50 since that's the only point where it touches a candle wick.

IDK, I freaked out about the fork when it was happening, but it doesn't sound like a particularly important technical point IMO~.~
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
July 07, 2013, 03:13:05 PM
#3
I think it is supposed to be the top after the chain fork scare at 50 since that's the only point where it touches a candle wick.
full member
Activity: 168
Merit: 100
July 07, 2013, 03:11:11 PM
#2
Check out this blog. Here's the chart:



http://afbitcoins.wordpress.com/tag/channel/

What the heck is that supposed upper bound, its utterly meaningless...

Anyways this indicates that the price supposedly doubles every 6 months even if it stays on the lowest trendline? Huh, if I have to wait until we go down to 40-whatever but then we're sure to get $100 in like 8 months and like $200 in a year, I guess I'm k with that.
member
Activity: 84
Merit: 10
July 07, 2013, 01:51:09 PM
#1
Check out this blog. Here's the chart:



http://afbitcoins.wordpress.com/tag/channel/
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