what happened 6 months ago or 2 years ago is irrelevant, so many factors have changed since then.
agreed
, the diffrence is known amount in circulation vs unknown.dollar , gold , silver = unknown amount
bitcoin = known amount,
Topic: What part of the First Selloff are we at right now? (Read 1676 times)
agreed
, the diffrence is known amount in circulation vs unknown.dollar , gold , silver = unknown amount
bitcoin = known amount,
we're at the part where the people that sold over the weekend are buying back at a loss
And the people that bought at the bottom are selling for the profit while holding their original BTC stash untouched.
we're at the part where the people that sold over the weekend are buying back at a loss
The chart in the OP is not relevant. Bitcoin is a technology. Did you see the use of e-mail go into the "denial phase"?
I share your view.
Quote
Two things about this diagram.
1) The gray dotted line can be at different angles. In Bitcoin's case the line should be tilted upward quite a bit more, changing the whole shape of the curve. In the early 2013 bubble, for example, "return to mean" happened about 10x higher than "takeoff."
Here's a terrible MSPaint scribble of what I mean:
2) This actually plays out fractally in the markets on various timescales. You can see the familiar shape on the monthly chart, or on the weekly chart.
What part of the First selloff are we at?
We are at the beginning of the take off phase with institutional investors that are starting to notice bitcoin as a new asset where to invest. 
what happened 6 months ago or 2 years ago is irrelevant, so many factors have changed since then.
IMO we are going to hit the bottom of corrective wave A in about one day, we are now at the end of the second
ascending sub-sub-wave that precedes the drop. The drop could begin with a flash crash, but I'm not sure, am curious
to see how Gox and other exchanges will 'perform' this one. But no one knows how many coins are going to be dumped,
so the actual bottom of this is a big unknown. That bottom is a good buy back position, because a strong rebound follows it.
ascending sub-sub-wave that precedes the drop. The drop could begin with a flash crash, but I'm not sure, am curious
to see how Gox and other exchanges will 'perform' this one. But no one knows how many coins are going to be dumped,
so the actual bottom of this is a big unknown. That bottom is a good buy back position, because a strong rebound follows it.
Let's all watch and see how wrong you are.
IMO we are going to hit the bottom of corrective wave A in about one day, we are now at the end of the second
ascending sub-sub-wave that precedes the drop. The drop could begin with a flash crash, but I'm not sure, am curious
to see how Gox and other exchanges will 'perform' this one. But no one knows how many coins are going to be dumped,
so the actual bottom of this is a big unknown. That bottom is a good buy back position, because a strong rebound follows it.
ascending sub-sub-wave that precedes the drop. The drop could begin with a flash crash, but I'm not sure, am curious
to see how Gox and other exchanges will 'perform' this one. But no one knows how many coins are going to be dumped,
so the actual bottom of this is a big unknown. That bottom is a good buy back position, because a strong rebound follows it.
What part of the First selloff are we at?
So now we are at "return to normal".Hmmm, time to sell :|
The OP's chart applies to pump and dumps. bitcoin is growth.
The chart in the OP is not relevant. Bitcoin is a technology. Did you see the use of e-mail go into the "denial phase"?
no... I think this is one of several small corrections on the way up.
@ Tera
You mean to say it will fall more in the next few days ?
I'm looking to buy my first 4BTC
You mean to say it will fall more in the next few days ?
I'm looking to buy my first 4BTC
What part of the First selloff are we at?
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