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Title: YOU ARE HERE - I got downvoted on Reddit... Post by: jermwerty on April 18, 2013, 06:20:31 AM Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: Ares on April 18, 2013, 06:25:46 AM Yup, everything is the exact same as it was 2 years ago ::)
Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: Frozenlock on April 18, 2013, 06:26:04 AM Well I would downvote you here for lack of substance...
What are you trying to say? That this is 2011 all over again? Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: jermwerty on April 18, 2013, 06:44:19 AM What are you trying to say? What do you see? To the newbie investor: "OMG slow crash down to $30 baseline, my $200/coin investment is screwed, SELL" For the 2011 seasoned veteran: "It will go lower for up to a year and a half and then go to ~$3,000/BTC ;)" Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: notme on April 18, 2013, 06:47:13 AM 2011 forum stats (no pageview stats):
Monthly Summary New Topics New Posts New Members Most Online July 2011 6697 107909 5466 1453 June 2011 12279 152375 14483 3809 May 2011 4034 55331 5959 1931 2013 forum stats: Monthly Summary New Topics New Posts New Members Most Online Page views April 2013 11690 159824 11360 7150 25228708 March 2013 9614 142393 7358 4824 22159538 February 2013 4512 72812 3532 1489 12448863 https://bitcointalk.org/index.php?action=stats Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: zedicus on April 18, 2013, 06:48:20 AM ^^ so not the same lol
Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: hyphymikey on April 18, 2013, 07:13:51 AM https://i.imgur.com/ngYvg9r.png?1
For all the bubble believers: I believe what happened in 2011 was more of a hack then a bubble, so that will be dimissed as the "first sell off". Unlike 2011, this time was more of an exchange of weak hands to strong hands given all the volume, so I consider it the first sell off, even with the ddos. Therefore, we just entered the bear trap. For all the bitcoin believers (includes me): These "bubbles" are bound to happen over and over again until bitcoin is mainstream. But my guess is they will become weaker and weaker bubbles exponentially, due to the community recognizing and panicking. Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: BTC Books on April 18, 2013, 07:17:22 AM ^^ so not the same lol No, not the same. And keep in mind that reddit was nothing in 2011. This forum was really the only big place to talk about bitcoin. So if you'd really like a more accurate comparison, you need to add a significant (i.e., certainly a majority) amount of the numbers on reddit onto the Feb/Mar/Apr stats for here. Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: muyuu on April 18, 2013, 07:17:42 AM Awwww so you got downvoted? These heartless redditors...
Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: blueberry on April 18, 2013, 07:32:29 AM I remember the 2011 crash. The bid depth was almost non-existent back then. All it took was a dump of 20,000 btc to drop the price by 50%. That's why the price crashed so far (there were hardly any buyers). Currently it would take a dump of 200,000 btc to drop the price 50%. Today, the bid depth hit an all time high, suggesting $50 was the bottom.
Title: Re: YOU ARE HERE - I got downvoted on Reddit... Post by: xorglub on April 18, 2013, 07:37:02 AM Another perspective :
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=60&i=Daily&c=1&s=2013-02-18&e=2013-04-19&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0& vs http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=60&i=Daily&c=1&s=2011-04-18&e=2011-06-19&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0& They look pretty much identical on the way up. But on the way down the 2013 sank straight to the bottom. Volume is also off the charts. |
