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Title: The Bitcoin Sawtooth Post by: dree12 on August 29, 2012, 12:19:55 AM Anyone else notice this pattern?
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=30&i=&c=0&s=&e=&Prev=&Next=&t=C&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=1&p=0& I don't think this will continue, but do believe that there is a chance it will. Bitcoin seems to have reentered a hype cycle, but this time with faster declines than growths, but longer periods of growth. Whenever a crash happens, bringing record volume, two or three weeks of steady rallying seem to follow. Title: Re: The Bitcoin Sawtooth Post by: Synaesthesia on August 29, 2012, 07:25:54 AM Yes I've noticed that, but I don't believe past behaviour is a good predictor of future behaviour.
Title: Re: The Bitcoin Sawtooth Post by: Severian on September 02, 2012, 05:10:57 AM People will keep buying bitcoins when the price drops enough and then sell en masse at some peak. Every buy-in sees a few more people joining the network, every sell-off sees fewer leaving the network. It's guaranteed liquidity.
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