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Title: Interesting trend in the BTC price lows? Post by: davejh on June 05, 2014, 06:47:41 PM A few months ago I wrote an article about the periodic spikes in the BTC price. Given the increases over the last few weeks it seemed likely that this might be the start of the next 7 month spike. What I hadn't looked at before is what the trend is in the low point value between the highs - I was pretty surprised by just how that ended up looking!
http://hashingit.com/analysis/18-strange-spikes-revisited Title: Re: Interesting trend in the BTC price lows? Post by: Ron~Popeil on June 05, 2014, 09:17:39 PM A few months ago I wrote an article about the periodic spikes in the BTC price. Given the increases over the last few weeks it seemed likely that this might be the start of the next 7 month spike. What I hadn't looked at before is what the trend is in the low point value between the highs - I was pretty surprised by just how that ended up looking! http://hashingit.com/analysis/18-strange-spikes-revisited Yes, I think the floor going up each time is the most significant thing about it. That might be why investors are suddenly pouring so much capital into the infrastructure. Title: Re: Interesting trend in the BTC price lows? Post by: davejh on June 06, 2014, 11:01:23 AM Yes, I think the floor going up each time is the most significant thing about it. That might be why investors are suddenly pouring so much capital into the infrastructure. I got time to look at the numbers properly a few minutes ago. Ignoring the size of the spikes, it's the steady trend in the lows that's most revealing. There's an surprisingly steady 10x increase every 12 to 15 months. Even if this were to slow down to 10x every 18 to 24 months that's the sort of scope for returns that's definitely going to get investors attention. Title: Re: Interesting trend in the BTC price lows? Post by: Trade-Winds on June 06, 2014, 01:56:04 PM Yes, I think the floor going up each time is the most significant thing about it. That might be why investors are suddenly pouring so much capital into the infrastructure. I got time to look at the numbers properly a few minutes ago. Ignoring the size of the spikes, it's the steady trend in the lows that's most revealing. There's an surprisingly steady 10x increase every 12 to 15 months. Even if this were to slow down to 10x every 18 to 24 months that's the sort of scope for returns that's definitely going to get investors attention. This analysis (mine) sort of equates to what you are saying here: https://bitcointalk.org/index.php?topic=621886.msg7158065#msg7158065 Title: Re: Interesting trend in the BTC price lows? Post by: Ron~Popeil on June 06, 2014, 04:09:18 PM Yes, I think the floor going up each time is the most significant thing about it. That might be why investors are suddenly pouring so much capital into the infrastructure. I got time to look at the numbers properly a few minutes ago. Ignoring the size of the spikes, it's the steady trend in the lows that's most revealing. There's an surprisingly steady 10x increase every 12 to 15 months. Even if this were to slow down to 10x every 18 to 24 months that's the sort of scope for returns that's definitely going to get investors attention. Exactly. Even the floor prices give you something to like. Title: Re: Interesting trend in the BTC price lows? Post by: waldox on June 07, 2014, 08:07:35 AM the next uptrend should break 1000
Title: Re: Interesting trend in the BTC price lows? Post by: bitgeek on June 07, 2014, 10:51:24 AM the next uptrend should break 1000 I wouldn't be so sure, the previous uptrend went longer than it should because gox was keeping the price up by buying their own coins with a bot. So next pump may end much lower like in the $800s. |