News URL : http://bitcoinprbuzz.com/press-release-bitcoin-ira/
Topic: The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread) - page 46. (Read 259678 times)
February 02, 2017, 05:48:26 PM
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February 02, 2017, 01:57:32 PM
BTC price without bubbles - Log scale
News URL : https://www.reddit.com/r/Bitcoin/comments/5qx9bz/btc_price_without_bubbles_log_scale/
February 02, 2017, 01:56:18 PM
Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!
Don't apologize my brother, it's OK
It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.
This is will a mega bubble and I hate bubbles.
I agree with you Fak - I hate the notion of bubbles too, but I think they are unavoidable as new users are ushered in and feel the same rush that we all felt when we started with Bitcoin. But to that end, check out this:
https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.g21hqf8fn
Some pretty intriguing ideas on the cycle theory!
I agree with you brother, but what bothered me in that blog post is that the OP said it's "just for laughs", it really pissed me off.
I agree, but my suspicion is the reason he said that is so that people would not wager their hard-earned saving expecting that that is what would happen, rather than just what might happen. I get the same feeling - when I post cycle graphs and show how BTC looks like it's following the same path again, I am aware that there are no guarantees, but I don't know if everybody is. I worry someone will take cycles as literal then if they lose money come looking for someone to blame!
Quote
I'm the one who I should ask you now, as you are into bubble analysis, does what the OP said, is feasible ?
Short answer - I say yes, definitely feasible.
Longer answer - from what I have seen, I think there definitely are fractal formations in Bitcoin prices, and as long as it remains an unregulated market, I think cycles will repeat. He presents a well thought out case on repeating patterns, some of which I have found as well. I am not educated on the formal Elliot-wave theory, so can't say for sure, but given his time frame and price ranges/increase, I say quite possible.
All what you've said makes sense, I agree.
Another question please, 2x-4x per year, feasible ?
I'd say this is exactly where are have been trending over the past 2 years, so yes, 2x-4x is definitely reasonable. In fact we have been on a strong trend of doubling about every 8 months. I plotted it out here:
We are actually trending a little faster than what I plotted there (which was doubling about every 10 months), so I say 8 months is more correct. Note this is a more recent trend (down from the more extreme exponential growth in the past), but still definitely exponential.
At last you've shown up our dear Hacknoid, where have you been brother, I missed you a lot
Well, I enjoyed your answer as I know you are a little conservative guy, so I'm peacefully rested over here
What do you think about the below log scale (in details please
) ? 
February 02, 2017, 08:10:47 AM
Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!
Don't apologize my brother, it's OK
It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.
This is will a mega bubble and I hate bubbles.
I agree with you Fak - I hate the notion of bubbles too, but I think they are unavoidable as new users are ushered in and feel the same rush that we all felt when we started with Bitcoin. But to that end, check out this:
https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.g21hqf8fn
Some pretty intriguing ideas on the cycle theory!
I agree with you brother, but what bothered me in that blog post is that the OP said it's "just for laughs", it really pissed me off.
I agree, but my suspicion is the reason he said that is so that people would not wager their hard-earned saving expecting that that is what would happen, rather than just what might happen. I get the same feeling - when I post cycle graphs and show how BTC looks like it's following the same path again, I am aware that there are no guarantees, but I don't know if everybody is. I worry someone will take cycles as literal then if they lose money come looking for someone to blame!
Quote
I'm the one who I should ask you now, as you are into bubble analysis, does what the OP said, is feasible ?
Short answer - I say yes, definitely feasible.
Longer answer - from what I have seen, I think there definitely are fractal formations in Bitcoin prices, and as long as it remains an unregulated market, I think cycles will repeat. He presents a well thought out case on repeating patterns, some of which I have found as well. I am not educated on the formal Elliot-wave theory, so can't say for sure, but given his time frame and price ranges/increase, I say quite possible.
All what you've said makes sense, I agree.
Another question please, 2x-4x per year, feasible ?
I'd say this is exactly where are have been trending over the past 2 years, so yes, 2x-4x is definitely reasonable. In fact we have been on a strong trend of doubling about every 8 months. I plotted it out here:
We are actually trending a little faster than what I plotted there (which was doubling about every 10 months), so I say 8 months is more correct. Note this is a more recent trend (down from the more extreme exponential growth in the past), but still definitely exponential.
February 01, 2017, 07:32:16 AM
February 01, 2017, 07:31:49 AM
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