Topic: There will be no recovery (Read 1105 times)
The charts aren't going to repeat themselves exactly, different circumstances make different things happen. We've seen BTC recover from every crash so far, so HODL and enjoy the ride
Weird, in the last couple of months, the forums have changed. There is now a constant flow of people saying bitcoin will fail. It's pretty annoying. I don't understand if you are so sure bitcoin is going to fail, why spend so much time posting here?
Just a standard troll invasion, trying to make the Bear market worse.
Some/many of them are here during the up cycle, but they get buried by all the "happy" threads.
Weird, in the last couple of months, the forums have changed. There is no a constant flow of people saying bitcoin will fail. It's pretty annoying. I don't understand if you are so sure bitcoin is going to fail, why spend so much time posting here?
If you want to play that game ... $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.
Then by all means buy your cheap coins now
We will see who is right. Still the fact remains that the recovery failed to induce another pump to the moon. Instead it keeps going down. The opposite of post-april crash last year. the post april crash took 6+ months to recover from
wat
Crashed 2nd week of April --> final bottom first week of July
OMG I have to panic sell now, thanks OP.
If you want to play that game ... $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.
Then by all means buy your cheap coins now
We will see who is right. Still the fact remains that the recovery failed to induce another pump to the moon. Instead it keeps going down. The opposite of post-april crash last year. the post april crash took 6+ months to recover from
If you want to play that game ... $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.
Then by all means buy your cheap coins now
We will see who is right. Still the fact remains that the recovery failed to induce another pump to the moon. Instead it keeps going down. The opposite of post-april crash last year. the post april crash took 6+ months to recover from
Cannot compare to 2011/2012, since the BTC economy is much stronger now.
Currently above $412.
Solid recovery in progress today.
Currently above $412.
Solid recovery in progress today.
I dare anyone to refute this empirical fact.
Happy Easter!
Happy Easter!
How about a 1 btc bet?
I would never bet with what I don't have
Also the empirical fact Im speaking of is the chart comparison (a fact can never be about the future as it has not happened yet). 
Quote
no recovery
not ever, it's called entropy, death and tax
http://imgur.com/ny0FRT9
Here is another super duper fancy chart fact - its only getting steeper. Bulls make your case!
Here is another super duper fancy chart fact - its only getting steeper. Bulls make your case!
I dare anyone to refute this empirical fact.
Happy Easter!
Happy Easter!
How about a 1 btc bet?
I would never bet with what I don't have
Also the empirical fact Im speaking of is the chart comparison (a fact can never be about the future as it has not happened yet). 
I dare anyone to refute this empirical fact.
Happy Easter!
Happy Easter!
How about a 1 btc bet?
Well, but every bubble is different. I can tell that by having observed a jacuzzi for quite a long time. If thee jacuzzi is big enough, you sometimes even see double bottoms and then bubbles.
Yessir! All Im claiming is that comparison with last year is no longer valid when it comes to recovery. Perhaps my title should have been "There will be no post-april 2013 recovery"
Well, but every bubble is different. I can tell that by having observed a jacuzzi for quite a long time. If thee jacuzzi is big enough, you sometimes even see double bottoms and then bubbles.
If you want to play that game ... $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.
Then by all means buy your cheap coins now
We will see who is right. Still the fact remains that the recovery failed to induce another pump to the moon. Instead it keeps going down. The opposite of post-april crash last year.
If you want to play that game ... $2 was still well over the previous peak of about $ 1.20. So that gives us a low this time around of about $400 ie well over the previous peak of $260.
Ah, I remember there has never been a recovery from the low in 2011...
BTW another empirical fact: You did a very bad job in comparing these charts graphically
BTW another empirical fact: You did a very bad job in comparing these charts graphically
Guess I stand corrected
Ah, I remember there has never been a recovery from the low in 2011...
BTW another empirical fact: You did a very bad job in comparing these charts graphically
BTW another empirical fact: You did a very bad job in comparing these charts graphically
http://imgur.com/ULD8oWD
Chart tried to duplicate post-april recovery, but failed. The chart is looking more like 2011 which brought us down from ~$32 to $2, a drop of ~95%. Price should therefore correct itself to about $50-60.
I dare anyone to refute this empirical fact.
Happy Easter!
Chart tried to duplicate post-april recovery, but failed. The chart is looking more like 2011 which brought us down from ~$32 to $2, a drop of ~95%. Price should therefore correct itself to about $50-60.
I dare anyone to refute this empirical fact.
Happy Easter!
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